Frequently asked

questions

COMMON QUESTIONS FOR AUCTIONS, LIQUIDATIONS, EQUIPMENT SALES AND MORE!

AUCTION FAQS

WHERE CAN I FIND OUT MORE ABOUT STANDARD AUCTION PRACTICES?

To learn more about specific auction practices, please visit the Terms of Sale tab for the auction you are interested in on Proxibid.

WHAT IS A BUYER'S PREMIUM AT AN AUCTION?
WHEN IS PAYMENT DUE FROM AN AUCTION?
WHO IS RESPONSIBLE FOR TITLE FEES AND CLOSING COSTS AT AN AUCTION?
CAN I INSPECT THE REAL ESTATE THAT I'VE BID ON?
DO I NEED TO BE FINANCIALLY QUALIFIED BEFORE I BID DURING AN AUCTION?
CAN YOU HELP ME SELL MY EQUIPMENT?
CAN I LEAVE AN ABSENTEE BID AT A LIVE AUCTION?
CAN I PREVIEW ITEMS BEFORE BIDDING?
CAN I PURCHASE ITEMS BEFORE AN AUCTION?
HOW DO I SIGN UP FOR AUCTION NOTIFICATIONS?
HOW DOES SHIPPING WORK AT AN AUCTION?
HOW DO I PAY MY BILL AND WHAT IS MY TAX RESPONSIBILITY?
HOW LONG DO I HAVE TO RETRIEVE THE ITEMS I'VE BID ON?
HOW LONG DO I HAVE TO PAY FOR MY AUCTION ITEMS?
HOW WILL I KNOW IF I'M THE WINNING BIDDER DURING AN AUCTION?
WHAT IF I CHANGE MY MIND AFTER BIDDING?
HOW DO I REGISTER FOR AUCTIONS?

PROPERTY faqs

WHERE CAN I FIND OUT MORE ABOUT STANDARD AUCTION PRACTICES?

To learn more about non-property specific auction practices, please visit our Auction FAQ’s.

WHEN IS PAYMENT DUE?

WHO IS RESPONSIBLE FOR TITLE FEES AND CLOSING COSTS?

DO I HAVE AN OPPORTUNITY TO INSPECT THE REAL ESTATE I BID ON?

DO I NEED TO BE FINANCIALLY QUALIFIED BEFORE I BID ON REAL ESTATE?

DO I HAVE TO PAY TAXES IN ADDITION TO THE PURCHASE PRICE OF THE REAL ESTATE?

sales & SALES TAX INFORMATION

Sales tax will be collected at the rate determined y the state where the auction is held. This includes online-only auctions. We do accept resale permits per the law of the state that the auction is held in.

 

If the auction is not held in one the 10 states listed below, please completely fill out either the actual state form available on each states tax page, or the multistate resale form linked below, and send it along with a copy of your active resale permit via email to info@samauction.com or via fax to 602-353-1088 prior to the auction. Please confirm the receipt of fax via email.

 

Multistate Form (Click Here)

Arizona Resale Form for Arizona Auctions (Click Here)


The following states will NOT take your outside permit. If you would like to purchase tax free in these states please obtain a resale permit from them: Alabama, California, Florida, Hawaii, Illinois, Louisiana, Maryland, Massachusetts, Washington, Washington D.C.

 

Individual states will require resellers permit if you sell items in those states. Since they will not accept out-of-state resale permits, obtaining your local permit is the only way to utilize your reseller status when purchasing in those states.

 

We hold many California auctions! 🌴🏄

 

California resale form link (CLICK HERE)

California link for resale permit (CLICK HERE)


If you purchase with us at multiple auctions in CA or in AZ we can accept a blanket form.

Please contact our Accounting Department – info@samauction.com to submit your BOE or Arizona 5000A form as a blanket form.

 

MEXICO RESELLERS

Purchasing in auctions held in California, Arizona, New Mexico and Texas, please send us a copy of your RFC and your current years Mexican Merchant card as well as the Border States Resale Certificate to purchase resale tax free.

Click here to download the border states uniform resale certificate form for Arizona, California, New Mexico, and Texas
Click here to download the border states uniform sale for resale for Arizona, California, New Mexico, and Texas

Information on the Border States Caucus:

Click here for the Sales to Purchasers from Mexico
Click here to view the Border States Caucus brochure
Click here to view the California: How to Document Exempt Sales to Merchants from Mexico article

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