Auction Site User Agreement

This is a legal agreement between you, the user or buyer, and The SITE OWNER or Auction Co.
Detroit Property Exchange. and/or Partners (hereinafter referred to as DPX.) at its sole discretion, may ban from further use any buyer or seller which Auction Co. believes to have in any way misrepresented itself or any item selling, failed to abide by the terms, or conducted any improper auction behavior as determined solely by DPX. Any seller who misrepresented their items and any buyer who improperly fails to carry thru with a purchase will be banned from any further use and may be subject to additional legal actions.

NON REFUNDABLE DEPOSIT: Auction Co. RESERVES THE RIGHT to charge your credit card 20% of your purchase or your total purchase(s) immediately following the sale. The Balance will be due within five business days and prior to removal, payable by cashiers check, cash, credit card, or wire transfer. Note that the purchase price is the sum of the bid price, buyers premium, buyer's fee, and sales tax if applicable. All payments must be in U.S. Funds. Auction Co. reserves the right to charge any remaining balance of your purchase price on your credit card it the balance is not paid within 7 days.

Terms: All items sell AS IS WHERE IS with no warranty of any type expressed or implied as to the merchantability or fitness for any particular purpose of any properties in this sale. All sales are made on an AS IS - WHERE IS basis with all faults. All buyers are urged to physically inspect the property during the open house period. No bids can be withdrawn after the auction for any reason. BUYER agrees that these terms as well as all other terms set forth below, can be amended or revised only in writing, signed by the auctioneer. BUYER understands that any description given in the website or at the property is not guaranteed, and BUYER will rely entirely on their own inspection. All information and descriptions contained in advertising this sale are believed correct, but no responsibility is assumed by Auction Co. for any errors or omissions.

Posted closing times and displays of Auction Co.'s current time are approximate. Auction Co. reserves the right to close early or extend auctions at any time at its discretion. It is strongly recommended that bids be placed early to avoid losing out due to an ill-timed, last minute bid. All times are Detroit MI, time.
Dynamic bidding - The dynamic bid on this website is a feature that does NOT allow an item to sell at the end of the auction until there is 10 minutes of bidding inactivity. Example - An item is bid on at 7:50pm. An auction is scheduled to close at 8:00pm. When this bid is placed the ending time will automatically extend to 8:10pm. When another bid is place at 8:01 the auction will extend until 8:20pm. This will give bidder 19 minutes to place another bid. If no bids are placed this auction will conclude at 8:20pm. The key to your dynamic bidding feature is that the auction extends from the preset closing time in 10 minute intervals, NOT 10 minutes from when you placed your bid.

Auction Co.'s Right to Terminate Purchase. If for any reason Auction Co. is unable to complete the sale of any purchase to buyer or provide such purchase free and clear of liens, even if the buyer was given notice that he is the high bidder and purchaser, Buyer agrees that the Auction Co. may terminate the purchase/agreement, in which case Auction Co.'s only liability shall be the return of any monies actually paid by buyer.
Consent to Suit in Michigan. In the event of legal proceedings arising from this contract or from the auction in connection therewith, buyer consents to being subject to the personal jurisdiction of the courts of the State of Michigan. Buyer also agrees that venue shall be in Wayne County, Michigan. The BUYER expressly agrees to indemnify and save the Auction Co. harmless from and against all claims, losses, expenses, damage or liability, (including,but not limited to, attorney's fees), directly or indirectly caused by or resulting from an act, including the negligent acts or omissions of the Auction Co., or anyone acting in his/her behalf in connection with or arising out of auction, except that the BUYER shall not be responsible to the Auction Co. for damages caused by or resulting from the Auction Co.'s sole negligence.
Do not bid unless you agree to all of the terms above. By bidding you are acknowledging agreement with the terms above.

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