Conditional Sale Information Lot
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Market demand
General Surplus in Tennessee sold in 71% of closed auctions this past year, with a median of 6 bids per lot.
From 1,003 completed sales in our archive.
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Item: Conditional Sale Information Lot Pickup: Chattanooga, TN 37406 Loading help on site: please advise (assume none) Please quote pickup, any packing or crating, and transport.
- Craters & FreightersPickupPackingTransport
On-site crating and freight, 65+ locations. Names auction and government shipping as service lines.
- Navis Pack & ShipPickupPackingTransport
Packing, crating and pickup for fragile or awkward lots. Quotes by auction and government category.
- uShipPickupTransport
Marketplace where carriers bid for the load. Partners with Ritchie Bros. for auction wins.
Ordered by fit. We take no commission from any of them.
BidProwl Summary
This is not a physical item lot but rather Compass Auctions' explanation of their bidding and reserve policies for surplus sales. The listing details how published reserves work, seller confirmation averaging across multiple lots, and conditional sale procedures where unmet reserves hold bids for seller approval until 5pm EST on auction day. Typical resellers need to understand these terms before participating, as conditional sales mean your highest bid stays legally binding pending seller confirmation rather than being immediately rejected. Verify your state's auction laws align with conditional sale structures and confirm the exact deadline for seller response, since bid retraction windows vary and unclear timelines can trap capital.
AI summary of the seller's listing; it may occasionally contain inaccuracies. Check the full description and inspect before bidding.
Description from HiBid
Compass operates its auctions with transparency promoting open and up-front information by utilizing Published & Subject to Sellers Confirmation Reserves.
Published Reserve - Firm Reserve set by Seller
Subject to Seller Confirmation - Seller may have multiple items in auction and are open to either averaging their reserves or deciding to accept a bid less that their reserve. For example, 2 lots have a $100 reserve. One lot sells for $125 so the second one can be sold for $75.
Conditional Sale - For lots with reserves that do not get met, Compass uses Conditional Sales. A "Conditional Sale" means that the highest bid is held and offered to the Seller for approval. Compass holds the highest bid (legally binding) until 5:00 pm EST on auction day, if your bid is confirmed with the seller by that time, you are the new owner of the item. After this time, and if your highest bid has not yet been accepted, bidder may choose to retract their offer.
Thank you for your business. If you have any questions, please do not hesitate to contact us!
-Team Compass
423-702-6180
info@soldoncompass.com
Pickup information
Chattanooga, TN 37406
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Seller on HiBid
Contact the seller through HiBid for pickup. Most sellers require removal within about 10 business days of payment.
Sold as-is where-is. You arrange and pay for pickup or transport.
