Terms & Conditions

By accepting the terms and conditions of this auction you acknowledge you are entering into a legal and binding contract. You agree to abide by all terms and conditions and you acknowledge receipt of all explanations and information made available by Steffes Group, Inc., also referred to as Steffes Group or Company. 

Payment

When paying within the stated time and with our acceptable payment methods: 

• A 10% buyer’s premium with a maximum charge of $1,000 per item applies to items purchased on Timed Online Auctions.
• A 2% buyer’s premium with a maximum charge of $500 per item applies to items purchased on Live Webcast Auctions.

You agree to make payment for all online purchases in U.S. funds within 2 business days of receipt of invoice by one of the acceptable forms of payment unless approval of financing arrangements is made with Steffes Group. To issue a check by fax, simply write a check as you normally would and fax a copy to us. All NSF checks will be charged a $30 fee. Checks by mail are not an accepted form of payment. Any other form of payment, other than the listed acceptable payment methods are subject to an additional 3% buyer's fee on the full amount of the purchase. No items will be released until full payment clears our office.

Acceptable forms of payment:

• Bank Wire Transfer; please call for wire instructions to be emailed to you.
• Check delivered to our office that held the auction
• Check By Phone

West Fargo, Sioux Falls, Grand Forks 701-237-9173

Litchfield 320-693-9371

Mt. Pleasant, Ames 319-385-2000

• Check By Fax

West Fargo, Sioux Falls, Grand Forks 701-237-0976

Litchfield 320-693-9373

Mt. Pleasant, Ames 319-385-4709

Sales Tax

All appropriate state sales tax laws will apply per the location and type of seller of the piece of equipment.

Please note that Minnesota does not consider regularly-scheduled consignment auctions as "auctions" but rather "consignment auctions," requiring sales tax to be charged unless the buyer provides an exemption form for qualifying items.

For purchases in South Dakota you are not exempt from any sales tax unless a 3^rd party transports your items and you take possession outside of the State of South Dakota. In that case, the state laws where you take possession are effective. There are exceptions for dealers (retailers).

Click on the following for a tax exempt form: Minnesota Tax Link    North Dakota Tax Link    Iowa Tax Link 

ND Dakota titled vehicles

Per North Dakota vehicle and sales tax laws, upon registration and licensing of any titled vehicle or trailer, any buyer’s premium paid is considered to be part of the sales price. Sales tax will be charged by the State of North Dakota on the entire sales price (including buyer’s premium) for any vehicle registered in North Dakota. 

If you have any questions concerning sales tax on a piece of equipment, please contact the appropriate state government agency at the location of the item on auction. 

ND Sales Tax Terms for Canadian Customers

 Used Farm Equipment

The sale, at auction, of used farm machinery to a Canadian farmer for agricultural use is exempt from sales tax the same as a North Dakota Farmer.

The purchase, at auction, of used farm machinery by a Canadian farm equipment dealer (retailer) would be sales taxable unless:

• You complete an exemption certificate with a ND sales tax permit number
• The purchased goods are shipped by a 3^rd party to you in Canada - in this case a delivery receipt must be provided to Steffes Group.

 New Farm Equipment

The sale, at auction, of new farm machinery to a Canadian farmer for agricultural use, or a Canadian farm equipment dealer (retailer) is taxable at the current state rate of 3% plus any local sales tax if applicable.  The law also provides that Canadians may apply for a refund of the tax paid when meeting certain requirements.  This form and conditions of use are available online at http://www.nd.gov/tax/salesand%20use/canrefund/. 

Agents for Sellers
Steffes Group, Inc. and its Employees act merely as agents for sellers. All auctions are with reserve unless specifically stated otherwise. Auctions are with undisclosed reserves unless advertised otherwise as "Absolute."  Auctioneers, at their discretion, may place a reserve bid on behalf of the seller. All final bids are subject to the seller's confirmation. Only the top bidder will be contacted as to the status of his/her bid. While the information we provide on item(s) is deemed correct, no warranties are expressed or implied as to any items being sold, and you agree to purchase and accept the item in an as-is condition. Information on items is obtained by us from the sellers and you hereby agree to hold harmless Steffes Group and our Employees for any errors or omissions regarding the item(s) being sold. This information includes but is not limited to year, model, machine or engine hours, physical condition, options, features and other data pertinent to the value of the item. All items are sold As-Is-Where-Is unless specific factory or seller issued warranties are listed in the item description.

Inspection

You acknowledge that you have the right and responsibility to inspect the item(s) personally, or to have a third party representative inspect the item(s) for you. That by bidding on an item you have agreed to accept that item in its present condition at its present location and with the description provided whether accurate or not. 

Auction Close

Timed-online auctions will begin to close on the date and time listed. Lots will remain open until no bids have been placed within the last 4 minutes. Timed-online auctions normally close at a rate of 3 lots every 2 minutes.  

Please note that some lots can be tied together and will be set to close simultaneously.  This will be indicated in those lots by a paper clip symbol.  Please hover your mouse over the symbol to see what lots are tied together. The paper clip symbol means that each lot tied will stay in extension until there are no more bids on any of the lots that are tied.

         Steffes Group reserves the right to close multiple lots per minute at its discretion. Upon your accepted bid of an item, that item shall immediately become your responsibility and be at your risk (whether you have paid for that item or not). You agree that Steffes Group, its employees, and its sellers are not responsible for lost, stolen or damaged items and will not reimburse or discount items for any type of loss. Buyers are responsible for any costs incurred to prepare your item(s) for transport and/or shipping. This includes, but is not necessarily limited to, the cost of any rigging, dis-assembly, special loading requirements, transport, packaging, insurance, and all other costs related to physical transfer of your item(s). You agree to remit payment and remove from the auction property any purchases within the stated time for the auction being conducted. You further understand and agree that failure to remove items in the stated time for the auction will subject you to moving and storage fees unless arrangements have been made with the seller. 

Buyer Default

When using our online auction services you are making a firm commitment to purchase said item(s) and are entering into a legal and binding contract. Bids may not be cancelled or retracted for any reason. 

Non-paying bidders or fraudulent bidding will subject you to legal recourse and possible criminal charges including any fraud and/or interstate commerce violations. 

Internet Risk

You acknowledge that the internet may be an unreliable and error-prone network. Steffes Group will not guarantee that bids placed online will always be transmitted to or received by the auctioneer in a timely fashion. You agree to hold Steffes Group, Inc. and its employees harmless for any interruptions in online bidding. At the sole discretion of the Company, the auction may be suspended, postponed, or cancelled if internet service is unstable or disrupts the online portion of any event that is simulcast as an Internet Auction. 

Further, the auctioneer has the sole discretion to accept or refuse any bid. Steffes Group retains the right, at our sole discretion, to add, delete, or change some or all of our online services and the terms and conditions governing their online auctions at any time without notice. 

Abandonment Policy

Steffes Group provides this Abandonment Policy to inform you of our policies and procedures regarding any purchased item(s)/property that has not been removed by a buyer in a timely manner. Upon winning the bid for an item(s), after paying for item(s) purchased, a buyer is obligated to remove the item(s) from the auction site within a timely manner. 

Steffes Group may deem a buyer's failure to claim and remove equipment within 60 days following the close of an auction as evidence of buyer's intention to abandon the property. In these instances, the Company may take action that is adverse to buyer's interest in the property, including, but not limited to steps to dispose of the property. 

Disposition of property may include a variety of approaches based upon the buyer's purchase price of the property as follows: 

1) For those items with a final selling price of $5,000 or less, the Company will determine the appropriate disposition approach which may include:

• Removing and disposing as the Company sees fit.
• Allowing seller to retain or scrap.
• Sell the item(s), whereby the Company will remit the sales proceeds to the buyer, less selling and advertising expenses, storage costs, plus 20% administrative fee. 

2) For those items with a final selling price of greater than $5,000, Steffes Group may remove the item from the selling location and resolve as follows:

• The Company may reimburse the seller on the buyer's behalf for storage fees of $25 per day, with the total amount not to exceed $1,500.
• Sell the item(s), whereby the Company will remit the sales proceeds to the buyer, less selling and advertising expenses and storage costs, plus 20% administrative fee. 

If a buyer with the winning bid has not removed the purchased item(s) from selling location within 10 business days after the close of the auction, the buyer will be responsible for directly paying the seller any and all storage fees if levied by the seller. If levied by the seller, storage fees will be $25 per day beginning the 10th day after the close of the auction/winning bid.

(2) Commercial Real Estate Auctions

Sully, Iowa
Auction to be held on site at 12864 Highway F62, which is a ½ mile east of Sully on Highway F62.

Auctioneer’s Note:If you are looking for a place to expand your business or looking to get into the self-storage business, don’t miss this auction!  These properties lend themselves to many possible business applications or storage uses.  Bid your price on these properties!

ONLINE BIDDING AVAILABLE

Open House on Wednesday, September 18^th from 10-11AM

“Selling Choice with the Privilege”

Tracts #1 & 2 will be sold lump sum price and will be selling Choice with the Privilege.  High bidder may take Tract #1 or Tract #2 or both tracts, for their high bid.  This will continue until both Tracts are sold.  Tracts will not be recombined.

Tract #1 – 60’x104’ Shop Building on 0.5 Acres M/L- (subject to final survey).

This building built in 1998 features an office with front counter space, two private offices, bathroom and a large parts storage room with ample bin-shelving.  The office area has a First Co. hot water furnace with a high efficient gas hot water heater & central air.  The building also offers a large shop area with shop office, work room & upstairs loft storage above the office area. The shop area has Reznor heat, central air unit, in floor drain & 2 overhead doors – 16’wx14’h & 12’wx12’h.

Over $105,000 invested in 2016 for the solar system on this building.  It is a 40.2KW system with (120) 335 watt modules.  The building has a gravel parking, rural water (Iowa Regional Utilities Assn.), Alliant Energy electric, (1) 200 amp breaker box and (2) 150 amp breaker boxes.  All situated on 0.5 acres M/L - (subject to final survey).

Included:  Solar system, Surveillance system, Office furniture, File cabinets.  All items present on the day of closing.

Tract #2 – 20 Unit Self-Storage Complex & 30’x100’ building on 0.65 Acres M/L- (subject to final survey).

Here is your chance to bid your price on an investment/business opportunity into the self-storage real estate sector.  The 20 unit self storage complex is comprised of two buildings.  The front mini storage building is a 50’x100’ with 20 units 10’wide x 24’deep with electricity, light and concrete floors.   The second building could be used for boat or RV storage or converted into more mini storage units.  The second building is a 30’x100’ pole building with a concrete drive, dirt floor and a 29’ opening.  All situated on 0.65 acres M/L - (subject to final survey).

This complex could make an excellent return on your investment.  Currently there are 12 of the 20 units rented, as the other eight were used by the seller.

Windmill to be sold after the real estate.  The windmill is located at 701 1^st Street, Sully, IA.  Buyer will be responsible for removal by November 1, 2019.

Terms:10% down payment on October 2, 2019.  Balance due at closing with a projected date of November 15, 2019, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of November 15, 2019. (Subject to tenant’s rights on rented storage units on Tract #2)
Real Estate Taxes:  To be prorated to date of possession on the basis of the last available tax statement.  Seller shall pay any unpaid real estate taxes payable in prior years.

Current real estate taxes on the entire property
Gross/Net Taxes: $4,408.00

Estimated split taxes:          Tract #1 – Gross - $2,648.19
                                            Tract #2 – Gross - $1,759.62

SPECIAL PROVISIONS:

• Tract #2, all rents will be prorated to the date of possession.  Any security deposits, if any, held by the seller will be transferred to the new buyer at closing.  All units are contracted on month to month basis.  Selling subject to tenant’s rights, it shall be the buyer’s responsibility to give tenant’s notice of termination, if so desired.  Rent ranges from $45-$50 per month.

• This auction sale is not contingent upon Buyer's financing or any other Buyer contingencies.

• Purchasers who are unable to close due to insufficient funds or otherwise, will be in default and the deposit money will be forfeited.

• Seller will have both Tracts #1 & 2 surveyed by a licensed surveyor, prior to the closing.

• Tract #1, it shall be the buyer’s responsibility and expense to acquire the DNR Time of Transfer certificate for the septic system.  This shall include, but not limited to, the expense to inspect, repair and/or update the septic system (if needed) and have said septic system pumped (if needed).  It shall be the buyer’s responsibility to correspond with the Jasper County Sanitarian and have the proper paperwork completed prior to closing.

• If Tract #1 & Tract #2 sell to two different buyers, it shall be the expense of the Buyer of Tract #2 for separating off the electric and to install a separate electric meter, if so desired.

• If one buyer purchases more than one tract the seller shall only be obligated to furnish one abstract and deed. (husband & wife constitute one buyer)

• This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.

• If in the future a site clean-up is required it shall be at the expense of the buyer.

• The buyer acknowledges that they have carefully and thoroughly inspected the real estate and is familiar with the premises. The buyer is buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the real estate.

• Steffes Group, Inc. is representing the Seller.

• Any announcements made the day of sale take precedence over advertising.

Owner: Hackert Ltd.

Paul D. Hietbrink – Attorney

For more information contact auction manager Nate Larson of Steffes Group, 319.385.2000 or 319.931.3944 (cell)