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How
to Buy Bidding
and Buying in the Online Auction Bidding and Buying
in the Online Auction In this Auction, Sellers provide more information than you will find on any other Internet horse marketing site. In addition to more initial information, Buyers will be able to correspond with Sellers, inspect horses, and perform pre-purchase veterinary exams. Our staff will be available to help buyers get the information needed to make the transaction as easy and effective as possible. Professional Auction Services, Inc. will handle the registration papers and transfers, just as we would for a live auction. This way Buyers know that the papers are in order are in order and will be delivered to the Buyer. Bidding will open on
Friday, April 13, 2012. Lots will begin closing on Tuesday. April
17, 2012 at the times stated for each entry. Shopping the Horse and Seller Representations Shopping the Horse: Seller Representation: Although the Terms & Conditions state that the horses sell AS IS, we have required the Sellers to give specific information about the horses. AS IS does not allow for a Seller to knowingly misrepresent or give false information. Intentional misrepresentation may leave a Seller liable according to the Uniform Commercial Codes. A dispute resolution procedure is provided for in the Terms & Conditions. The Ratings provided by the Seller are the OPINION of the Seller. We all know that opinions among horse people can vary on a particular horse. These Ratings are meant to give a prospective Buyer an idea of how the horse is to handle and/or ride. Ask specific questions if certain aspects of a horse's behavior have a bearing on your buying decision. Be sure to visit with the Seller enough that you have the "Instruction Manual information" for a horse you want to buy. Give yourself the best chance to get along with a new horse. If you buy a horse that turns out not to be what you wanted, you just sell it and shop again. If you buy very many horses, this will happen. There have been many cases where a horse is the perfect horse for one owner and does not suit someone else. Horses have personalities and so do people. Sometimes they don't fit, no matter how much we want them to.
Bidder Registration is Required: A bidder must go to the Online Auction to register and be approved to receive a bidder number before they can bid. By registering to bid, they are agreeing to abide by the terms and conditions stated by Professional Auction Services, Inc. By placing a successful bid, the bidder is entering into a binding agreement between Professional Auction Services, Inc. and the seller. Once accepted, bids may not be retracted or cancelled. Prospective Buyers may view the Online Auction catalog without registering. To access seller contact information and see the bidding numbers will require registration and Log In. Approval to Bid: Registered viewers will need to ask for approval to bid separately for each session (day). A registered and logged in viewer will just need do this in 2 places. One way is on the Online Auction home page where you just click on Register to Bid in the gray box for each Sale. The other is at the top of the catalog page in the black bar with buyer's name and click Register to Bid. Only a little more information is required to be able to bid. Bidding Procedure: Bidding on lots will close every 3 minutes. If late bids (last minute) are received on a horse, an additional 2 minutes will be added to the countdown timer on that lot. Only after a 2 minute period passes with no additional bidding will the bidding for that horse close. Bidders have more time to think and react than with a live auction. Once the bidding closes the bidder is the buyer, unless the horse is sold subject to seller confirmation. After the bid opening,
a bidder may place individual bids that are $50 higher than the
previous bid up to $2,000, after this level is reached bid amounts
go to $100 as indicated by the auction system. Alternatively, a
Bidder may place confidential maximum (proxy) bids where they declare
the maximum dollar amount they want to bid, and the computer will
bid on their behalf until they have successfully purchased the horse
or the asking price exceeds the amount of their maximum bid. Maximum
bids are strictly confidential and are not known by other buyers
or the seller. Understanding the Seller's Options: There is a CHAT BOX available
so bidders can correspond with PAS staff during the bidding. Buyers will be notified if they are the successful purchaser of a horse by email, immediately after the bidding closes, unless the horse is sold subject to seller confirmation. Payment for Horses: Buyers
are required to complete payment within three (3) banking days of
the close of bidding on each horse they purchase or once the sale
is confirmed for a horse subject to seller confirmation. An online
Shopping Cart is available to pay for horses. Buyer Transaction Fee: A 5% Buyer Transaction Fee is added to the price of each horse. This fee covers the cost of electronic payment transactions and services provided to the Buyer. Insurance: PAS recommends purchasing Mortality and Major Medical Insurance to protect the Buyer's investment. Transportation:
It is the responsibility of the buyer to arrange for transportation
to get their new horse delivered. Sellers have agreed to keep a
horse for up to 5 days with no charges for normal board. We have
a resource list on our website for haulers.
You will get out of it, what you put into it! If you use the tools we provide, you can be successful. This is an overview of
the Online Auction procedure. Be sure to read the Terms & Conditions
of Sale. Please ask for assistance if you need help with any aspect
of the Online Auction.
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