close
An award of sale is a contract between the winning bidder and County of Sacramento upon the terms and conditions set forth herein. County of Sacramento may pursue all legal remedies allowed by law against any bidder who fails to make payment for a winning bid.
Guarantee Waiver
All property is offered for sale as-is, where-is. County of Sacramento makes no warranty, guaranty or representation of any kind, expressed or implied, as to the condition, usability, value, merchantability, authenticity, or fitness for any purpose of the property offered for sale. Buyer is not entitled to any payment for loss of profit or any other money damages, including but not limited to special, direct, indirect, or consequential damages.
Description Warranty
Buyer(s) must conduct their Due Diligence Inspection and accept the real property "AS IS". Sale is in accordance with all terms and conditions as per AGREEMENT FOR SALE OF REAL ESTATE (included in the auction description).
Consideration of Bid
County of Sacramento reserves the right to reject any and all bids and to withdraw from sale any of the property listed.
Reserve Requirement
If there is a reserve requirement and the reserve price is not met by the close of bidding, County of Sacramento reserves the right to sell the auction item to the highest bidder, relist the item for auction, or otherwise dispose of the item at County of Sacramento discretion.
Notice of Award
Successful bidders will receive a Notice of Award by email from PublicSurplus.com
Bid Deposits
County of Sacramento requires a $500 bid deposit through Public Surplus in order to ensure fairness to all bidders. The deposit will be reversed if no default occurs or the bidder does not win the auction. The deposit will be retained if the winning bidder defaults.
Payment
An Earnest Money Deposit will required for properties sold in the amount of 10% of the sold amount unless another amount is specified in the description. This deposit will be required at bid close. Additionally, 3% surcharge fee shall be added to the total dollar amount of all successful bids. The surcharge is the cost to the County of Sacramento for the utilization of the third-party website provider (PublicSurplus.com).
By 5:00 p.m. of next business day following bid close, both the Earnest Money Deposit and the website surcharge must be deposited in the form of a cashier's check payable to Fidelity National Title Company, together with a signed AGREEMENT FOR SALE OF REAL ESTATE. Please contact Svetlana Vorontsov at (916) 876-6220 to make arrangements. The funds delivered shall be deposited with Fidelity National Title Company. Balance due shall be payable at close of escrow, within five (5) working days of execution of the AGREEMENT FOR SALE OF REAL ESTATE.
Buyer Premium
A Buyer Premium of 3% will be added to the final sale price. The premium will be visible during the bidding process and will be included in the payment required.
Default
Default shall include (1) failure to observe these terms and conditions; (2) failure to make good and timely payment; or (3) failure to adhere to any of the Terms and Conditions or the Agreement for Sale of Real Estate. Default may result in termination of the bid contract and suspension from participation in all future sales. If the Buyer fails in the performance of their obligations, County of Sacramento may retain Buyer's bid deposit and exercise such rights and pursue such remedies as are provided by law.
Acceptance of Terms and Conditions
By submitting a bid, the bidder agrees that the bidder has read, fully understood, and accepted these Terms and Conditions of Online Sales, and agrees to pay, if the bid is accepted, by the dates and times specified.
*THESE TERMS AND CONDITIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE*