Auction

We proudly serve as an auction company for the entire Kansas City metro, and also in surrounding regions such as Overland Park, StilwellHolt, and Lawson, Missouri.

 

 

General Auction Rules

  • Pengo Estate Sales, LLC is NOT responsible for accidents or injuries.
  • Please bring your own help to load larger purchases. We will be happy to assist when we are able to, but we can be extremely busy at times.
  • We do not accept checks.
  • All major credit cards are accepted, subject to a 2% fee.
  • Pengo Estate Sales does not accept returns or issue refunds for any reason.
  • All items are sold “As Is, Where Is”.
  • We have only one entrance and one exit at our auctions for security purposes.
  • Animals are not allowed inside the auction premises — with the exception of service animals.
  • No smoking is allowed at any time, which includes e-cigarettes.
  • Once you buy an item, you are completely responsible for that item.

Bidder Registration

  • All bidders must register and receive a bidder number for use at the auction.
  • Bidders must use their bidder number on the bid sheet for their bid to be valid.

Successful Bidders

The highest Bidder “acknowledged” by the auctioneer is the buyer. The auctioneer shall be the sole determinant of all winning bidders and shall hold the official record of all the sale prices.

The auctioneer’s declaration of the winning bidder will be recorded in-house, and that record of the sale price shall take precedence over any and all electronic records or online readout or any other incorrect notification regarding the winning bidder and/or the final hammer price for any lot sold.

Storage

  • We do not store items.
  • All items that are not picked up by 4 PM on the final day of any sale, the buyer relinquishes all rights to each item purchased unless other arrangements have been made.
  • Relinquished items will be liquidated. 

Terms

ALL PURCHASES ARE TO BE PAID IN FULL THE DAY OF THE AUCTION. Payment is expected within 30 minutes after the last item is sold.

We accept CASH, CHECKS (up to 50 dollars), and CREDIT CARDS. The final sale price will include a 10% buyer’s premium which will be added to the final bid accepted by the auctioneer which will be added onto the total. Credit cards will have a 2% fee added. 

We require that winning Bidders pay all or part of the winning bid immediately after the auction.  Failure to do so may result in financial penalties or forfeiture of the item.

We do not accept checks.

ACCEPTANCE OF TERMS

Bidding on any item indicates the Bidder’s acceptance of the above terms and conditions.

Pengo Estate Sales accepts phone bids and absentee bids. Feel free to contact us with your information to get set up.

 DISCLAIMERS AND ABSENCE OF WARRANTIES

As stated earlier, everything in the auction is being sold “As Is, Where Is” WITHOUT WARRANTY OR WITHOUT A GUARANTEE OF ANY KIND as to age, year, manufacturer, make, model, or condition.

THE AUCTION COMPANY HOLDS NO LIABILITY INSURANCE POLICY

Once an object has been legally transferred over to the winning Bidder, Pengo Estate Sales ceases to hold any liability over the object.  Any damages incurred due to its use or misuse is not the responsibility of Pengo Estate Sales.

The information in the auction advertising was obtained from sources believed to be accurate, but is subject to verification by all parties relying on it. All sketches and dimensions are approximate.  No liability for its accuracy, errors or omissions is assumed by the Seller or Pengo Estate Sales.

All Bidders are responsible for conducting their own inspections, investigations, inquiries and due diligence concerning the property. The property is being offered on an “AS IS, WHERE IS” basis and no warranty or representations, expressed or implied, is made by the Seller or Pengo Estate Sales.  All announcements made by the Auctioneer during the auction take precedence over any previously printed material or any other oral statements made.

All information contained in the advertising and all related materials are subject to the terms and conditions outlined in the purchase agreement.  Advertising may contain pictures of wildlife and other items that are for illustrative purposes only.  The Auctioneer reserves the right to bid on behalf of the Seller up to, but not beyond the Seller’s reserve, if applicable.  The property is available for and subject to sale prior to the auction.  Again, bidding on ANY ITEM indicates the Bidder’s acceptance of the above terms and conditions.

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Land Auction Terms and Conditions

(These Terms and Conditions are subject to change) 

  • DOWN PAYMENT: The successful bidder(s) shall be required to make a 3 % non-refundable down payment of the total purchase price immediately following the close of bidding. Cash or cashier’s check will be accepted from on-site Bidders. Winning Bidders whose documents and deposit are not received within the required time frame are subject to paying liquidated damages amount equal to the down payment.
  • FINANCING: Financing is not a contingency of sale in this offering. Therefore, it is strongly recommended that potential bidders ensure in advance that they are able to obtain the necessary financing to close the transaction.
  • CONTRACT SIGNING: The successful bidder(s) shall execute a purchase agreement immediately following the close of bidding.
  • CLOSING: Buyer(s) shall close within 45 days of the auction date. Possession will be delivered at closing subject to any remaining rights of the current tenant(s), if applicable.

DOWN PAYMENT (DEPOSIT)

The winning Bidder shall be required to make an earnest money down payment equal to five percent (5%) of the total purchase price this is nonrefundable. This deposit must be received by wire transfer (or by certified funds), by the close of the business auction day. Winning Bidders whose documents and deposit are not received within the required time frame are subject to paying a liquidated damages amount equal to the down payment (charged to the credit card used at registration) and will not be allowed to bid in any future Auctions.

  • EVIDENCE OF TITLE: Seller shall furnish at seller’s expense an Owner’s Policy of Title Insurance in the amount of the total purchase price and shall execute a general warranty deed conveying the real estate to the buyer(s).
  • REAL ESTATE TAXES & ASSESSMENTS: taxes are to be prorated as of the closing date.
  • BUYER’S PREMIUM: A buyer’s premium of ten percent (10%) shall be added to the high bid and included in the total purchase price to be paid.

 

DISCLAIMERS AND ABSENCE OF WARRANTIES

The information in the auction advertising was obtained from sources believed to be accurate but is subject to verification by all parties relying on it. All sketches and dimensions are approximate. No liability for its accuracy, errors or omissions is assumed by the Seller or the auction company. All bidders are responsible for conducting their own inspections, investigations, inquiries and due diligence concerning the property. The property is being offered on an “AS IS”, “WHERE IS” basis and no warranty or representations, expressed or implied, is made by the Seller or the auction company. All announcements made by the Auctioneer during the auction take precedence over any previously printed material or any other oral statements made. All information contained in the advertising and all related materials are subject to the terms and conditions outlined in the purchase agreement. Advertising may contain pictures of wildlife and other items that are for illustrative purposes only. The Auctioneer reserves the right to bid on behalf of the Seller up to, but not beyond the Seller’s reserve (if applicable). The Property is available for and subject to sale prior to auction.

Pengo Estate Sales Cares

We love estate sales, and We treat our clients like family.

Our Mission

Pengo Estate Sales mission is to offer superior service with a personal touch while keeping the highest moral standards in the business, giving you professional quality services with compassion and affordability.

Never Miss a Pengo Estate Sales Sale

We do not send spam or soliciting emails
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