TERMS AND CONDITIONS

Please note our terms have updated: 12/5/19

There will be a 3.95% transaction fee added to each lot purchased for $6501 and higher with a minimum of $650 per lot fee. The transaction fee for each lot over $50,000 will cap at $1950 per lot. Each lot purchased at $6500 and below will have a transaction fee of 10% per lot. These nominal fees assist us with administration costs. Complete payment is due within 12 hours of the sale ending time. Payments can be made either by wire transfer, certified check or cashier's check. Cash payments are also accepted but require a $1000 deposit prior to the sale. Personal or company checks will be accepted if accompanied by a letter of guarantee from your bank. To the extent full payment is not made within 24 hours of the sale ending time, interest will accrue at a rate of two percent (2%) per month of the successful bid amount. In accepting these terms, the successful Bidder authorizes Housby Online Sales to charge against such Bidders payment method provided for participation in the sale.

This letter of guarantee must include the following: "Your Bank will guarantee or honor your check up to a specified amount for purchases made at this Online Sale." All purchases are subject to verification with your bank or financial institution. Bank letters can either be faxed to 515-473-6485 or emailed to bid@housby.com. If you are unable to obtain a bank letter, Credit Card deposits are also accepted. Please call 1-866-218-6266 for further information.

All items are sold "As Is" / "Where Is". Bidders are encouraged to, and acknowledge they can, inspect the Equipment and are not relying upon any photos, videos, representation, statement or other assertions made with respect to the Equipment's condition. Bidders are relying upon its own knowledge regarding the Equipment and/or its own examination of the Equipment. Bidders take the Equipment knowing there are no express or implied warranties given on the Equipment

When Housby Online Sales provides that any specific lot is "SOLD", the title for that property shall pass to the successful Bidder, who then and there assumes the full risk and responsibility for the property. All property shall be removed from the sale premises by the successful Bidder and/or such Bidder's representative at his/her/its own risk and expense, and within the time period announced and/or posted by Housby Online Sales, except as provided for herein. Failure to remove the property timely will result in storage costs and fees assessed to the successful bidder. These announced and/or posted fees are to be collected prior to the equipment's release by each participating holding facility. In accepting these terms, the successful bidder acknowledges and agrees to the assessment of these storage costs and fees. Any damage caused by the removal of any property by any Bidder will result in assessment against the payment method provided by Bidder, the cost of replacement or repair. All Bidders, by acceptance of these terms, agree to and permit Housby Online Sales to charge against the payment method provided on account of any damage caused by such Bidder

The resale of items from present location is not permitted. Violators are subject to additional fees, item relocation at owner's expense, and Housby reserves the right to suspend bidding privileges.

Immediate possession of all equipment upon proper settlement. All purchases must be picked up within 10 days of the sale date. Titles will be mailed 10 banking days after proper settlement via USPS Certified Mail. Expedited shipping methods are available upon request for an additional fee. Possession and responsibility for all titles mailed by Housby will shift to the buyer upon the generation of a valid tracking number. A $50 fee will apply to all title mailings returned due to an "Unclaimed" status, or an improper address. Certain equipment consigned to this Online Sale may be sold as part of an equipment exchange, pursuant to Section 1031 of the Internal Revenue Code, and the rights of the consignor under the Contract to Sell may be assigned to a third party Qualified Intermediary. This notice appears as a matter of record only.

Sales Tax may be charged to your purchases unless you provide us with a Tax Exempt form, Dealers license, or Resale certificate. These forms can be faxed to 515-473-6485 or emailed to bid@housby.com. Click here to download an Iowa Sales Tax Exempt certificate.

Any disagreement surrounding these terms and conditions shall be governed by Iowa law.