Terms
Cornerstone Real Estate & Auction Co., LLC is a licensed and insured auction company with offices in Huntington, Indiana and Mobile, Alabama.
Indiana: Auction Company AC32200008
Alabama: Auction Company 298, Real Estate Company 157855
Justin R. Wall is a licensed Broker in Indiana (RB1800097) and Alabama (154624) and a licensed Auctioneer in Indiana (AU11700064) and Alabama (5609)
AS A REGISTERED BIDDER, YOU HEREBY AGREE TO THE FOLLOWING TERMS AND CONDITIONS FOR ALL CORNERSTONE AUCTIONS:
General Terms and Conditions:
All items are sold in “as is” and “where is” conditions with no express or implied warranties of any kind. We do our best to provide accurate details, measurements, photographs and/or descriptions for auction items. Bidders will be provided at least one (1) opportunity to inspect and preview auction items and all bidders are encouraged to do so BEFORE bidding on any auction items. Every bidder is responsible for conducting their own inspections and exercising due diligence in inspecting each auction item being offered for sale. Statements made sale day take precedence over all other printed materials or any statements made during any auction preview or day of the auction. We reserve the right to cancel, suspend, or modify any auction that we may conduct.
We reserve the right to verify any of bidder’s bids by requiring bidders to provide written confirmation that they intend to bid on a particular item in a particular amount.
If you do not receive an email from us after registering, please check your junk/spam mail! You are responsible for ensuring that any junk/spam monitoring software permits our emails to be received by you.
If you have a questions about bidding, email us at justin@cornerstonerealestateauction.com or call at (251) 758-4850 BEFORE bidding.
Payment by Debit or Credit Card:
A valid debit or credit card (“Card”) is required for bidding approval. All bidding is in US Dollars (USD). There is a $5 MINIMUM if you would like to pay with a Card. Any invoices paid with a Card that are less than $5 will be rounded up to meet the minimum requirement. Your Card on file WILL BE automatically charged following the auction if you are the successful bidder for any particular lot. A 4% Card Convenience Fee (“CCF”) will be added to your bid amount, along with any applicable buyer’s premium, if using a Card to pay for your item(s).
There will be a $5 DECLINED CARD FEE added if the Card on file is charged and declines. IF YOU HAVE MORE THAN ONE DECLINED INVOICE WITHIN A 30 DAY PERIOD, THE DECLINED CARD FEE WILL BE $50.00 AND THAT FEE MUST BE PAID BEFORE YOUR ACCOUNT CAN BE REINSTATED.
Refunds will not be issued for payment type changes. Please make sure the correct Card is on file that will be charged to.
Out-of-State Buyers:
For out-of-state buyers with an invoice total of $500 or greater, we may ask that funds be in a certified form with either a Certified Check, Money Order or Wire Transfer ($25 fee added to each Wire). We will email you if need to pay in this manner when we send your invoice.
Pick Up of Items:
Each auction will have a scheduled pickup/load out date and time. You must plan to have your item(s) picked up/loaded out on this date and time. IF YOU DO NOT COME TO THE LOAD OUT TIME LISTED IN THE AUCTION, YOUR CARD ON FILE WILL BE CHARGED FOR YOUR BID AMOUNT, PLUS BUYER’S PREMIUM, PLUS THE 4% CCF.
Items not picked up during the scheduled pick-up/load-out times will be charged a $10 convenience fee (per invoice) for delayed pickup. If you fail to come pick-up/load-out your items, and fail to make arrangements to do so, your items will be declared to be abandoned and we will either dispose, re-sell, donate, or return those items to the Seller at our discretion. YOU WILL STILL BE CHARGED THE WINNING BID AMOUNT, APPLICABLE BUYER’S PREMIUM, AND 4% CCF FOR EACH LOT THAT YOU FAIL TO PICK-UP/LOAD OUT.
WE CANNOT GUARANTEE THAT WE CAN ACCOMMODATE ANY ADDITIONAL PICK-UP/LOAD OUT DATES/TIMES. DON’T BID UNLESS YOU CAN ATTEND THE SCHEDULED PICK-UP/LOAD OUT TIMES ADVERTISED IN EACH AUCTION UNLESS PRIOR ARRANGEMENTS HAVE BEEN MADE WITH US. WE RESERVE THE RIGHT TO CHARGE A $50 FEE FOR ANY RESCHEDULED PICK-UP/LOAD OUT TIME.
Buyer is required to bring their own packaging, help to load and/or equipment for loading. We will not provide any manpower, dollies, moving equipment, forklift, pallet jacks, packing supplies, etc. BUYER IS SOLELY RESPONSIBLE FOR ENSURING THAT BUYER HAS ALL APPROPRIATE MANPOWER, EQUIPMENT AND/OR MATERIALS TO PROPERLY PICK-UP\LOAD OUT BUYER’S ITEM(S).
Sales Tax:
We reserve the right to add Sales Tax for each auction item per any applicable local, state or federal regulations regarding the same. Each individual auction will clearly state whether or not Sales Tax is being added to each winning bid. If you are Tax Exempt, you must provide us with that documentation PRIOR to your bidding on auction item(s).
Auction Items with Titles:
All titled items will have a $25 Administration Fee. It is the buyer’s responsibility to notify us if the address you registered with is different than the one you want the title mailed to. All titles are mailed with signature required.
Shipping:
Shipping is available on small lots. Buyer is responsible for paying for items in full prior to being allowed to pick-up or have items shipped. Shipping costs have a minimum of $5.00 and include the cost of shipping plus up to a $10.00 shipping and handling fee per box. Buyer is responsible for any and all shipping charges incurred including fees charged by delivery service for incorrect addresses.
At our discretion, shippable items may go to a local UPS or Fed-Ex store. This may result in higher shipping costs. We will communicate shipping costs to you prior to shipping the item. Any and all shipping costs must be paid for, along with any other fees, prior to the item being shipped to you.
Firearms/Ammunition:
BUYER MUST BE 18 YEARS OF AGE TO PURCHASE A LONG GUN AND/OR LONG GUN AMMUNITION
BUYER MUST BE 21 YEARS OF AGE TO PURCHASE A HANDGUN AND/OR HANDGUN AMMUNITION. NO EXCEPTIONS!
NOTICE: THE PERSON PICKING UP TRANSFER FIREARMS, MUST BE THE SAME AS THE ONE ON THE INVOICE, NO EXCEPTIONS!
ALL FIREARMS PURCHASED BY OUT-OF-STATE BUYERS WILL BE TRANSFERRED AND SHIPPED TO AN FFL OF THE BUYER'S CHOICE IN THEIR STATE AT THE BUYER'S COST.
FIREARMS WILL NOT BE SHIPPED TO LOCATIONS IN VIOLATION OF ANY APPLICABLE LOCAL, STATE OR FEDERAL RULES REGARDING FIREARMS FOR THAT LOCATION.
There will be a $25 Transfer Fee applied to EACH INVOICE for anyone who wins 1 or more firearms.
Buyers who do not, or cannot, pass the required background check are still responsible for the payment of the item, plus buyer’s premium and 4% CCF. Any Buyer that is the winning bidder that cannot pass the required background check forfeits ownership of that item and said item will be treated as if being abandoned. DO NOT BID on any item that you cannot pass a required background check on.
Disputes/Litigation:
Any disputes that may arise due to your relationship as buyer or bidder participating in our auctions shall be resolved by mediation, not arbitration or litigation, with the choice of forum being in Huntington, Indiana.