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Frequently Asked Questions

Select your question category below to find answers


Buying

A soft close extends the Online Bidding if a bid is made under a specific duration of time. Online Auctions have different Soft Close times, ours are typically between 5 & 10 minutes. In other words, if a bid is made with under 10 minutes remaining in the original close time, the auction (lot) will extend for another 5 to 10 minutes.

The Buyers Premium is added to the top of the bid. It is separate from tax.

A Reseller’s Permit allows us to avoid charging the buyer tax. Unless you have a current Reseller's Certificate, the tax typically is based on the sales tax rate of the jurisdiction from which the asset is sold. You can obtain a reseller's certificate from your state. Please note that nine states, and Washington D.C., will not allow sellers to accept out-of-state resale certificates. These states are Alabama, California, Florida, Hawaii, Illinois, Louisiana, Maryland, Massachusetts, and Washington.

If you win an item in an auction, you will receive an invoice via email. Once you receive your invoice, please email your reseller's certificate back to accounting@svdisposition.com. You will be emailed a new invoice, without taxes, for which you can make payment. If your item is located in one of the above states or Washington D.C., the seller will not be able to accept your reseller's certificate.

You need to click the "Register" link in the Auction Sale Details page, which will take you to the proper location to register.

The auction closes when the bidding ends. Each lot has a viewable countdown showing the lot closing time.

You can contact us after the event if you would like to make an offer.

You will receive an invoice listing the lots you have won.


Selling

YES, SVD has a monthly consignment auctions called Techfootin and ProIndustrual. Our Techfootin and ProIndustrial auctions consist of assets that are consigned from a variety of companies, both big and small. The assets are from over a dozen different industries and that is not by accident. We help companies monetize all types of surplus assets. To become a consignor and learn more about our surplus asset management solution SAM, contact us at 650-344-3282 or email sales@svdisposition.com

An SVD representative will be happy to assist you by properly providing a secondary market comparable sales analysis. You may need to include product specifications or an SVD representative may need to visit your facility to gather the proper specifications.

SVD sells all types of surplus assets, from production equipment, facility support, FF&E, and Inventories. Our experience is in all types of industrial manufacturing equipment, Machines Tools, Plastics, Printing, Woodworking, to all types of technology equipment, Biotech, ETM, Energy (Battery & Solar) Information Technology, Printed Circuit Board, Semiconductor, SMT and many others.

NO, we can assist you on almost any level, that is one of the benefits of Techfootin.


Pickup and Shipping

The buyer is responsible for all removal, including rigging, packing and shipping.

You will need a paid in full invoice that is provided by SVD.

You can schedule a pickup by making an online appointment using the Acuity scheduler. The link will be provided in the email containing your invoice. It is typically a “first come, first served” basis, but could change depending on the purchase and time requirements to remove. If you need to reschedule your pickup, you may use the app to reschedule or contact one of the Sale Contacts directly (their contact info is provided in the email containing your invoice).

Yes, we typically post Certified, Insured Riggers on the Auction Sale Details page.

Yes, if they present a paid in full invoice and a signed release form from the registered buyer.

You can download it from the Auction Sale Details page under Downloads.


Payments

Once you have received your invoice, you can pay by wire transfer, deposit in the SVD Bank of America account, or by using the Zelle application with your bank account (no debit cards may be used).

Yes, unless you have a current Resellers Certificate. The tax typically is based on the sales tax rate of the jurisdiction from which the asset is sold.

A Reseller’s Permit allows us to avoid charging the buyer tax. Unless you have a current Reseller's Certificate, the tax typically is based on the sales tax rate of the jurisdiction from which the asset is sold. You can obtain a reseller's certificate from your state. Please note that nine states, and Washington D.C., will not allow sellers to accept out-of-state resale certificates. These states are Alabama, California, Florida, Hawaii, Illinois, Louisiana, Maryland, Massachusetts, and Washington.

 

If you win an item in an auction, you will receive an invoice via email. Once you receive your invoice, please email your reseller's certificate back to accounting@svdisposition.com. You will be emailed a new invoice, without taxes, for which you can make payment. If your item is located in one of the above states or Washington D.C., the seller will not be able to accept your reseller's certificate.

Yes, you need a valid credit card to register. However, you cannot pay with a credit card as it is used solely to qualify you as a registered bidder.

Once you have received your invoice, you can pay by Certified Funds, Cashiers Check, Wire Transfer, Letter of Guarantee from your Bank, Zelle app at the time of pickup.


Types of Sales

GNS allows buyers to make purchases prior to the auction.

Online Auction is an Internet bidding process only. Each lot closes in consecutive order, unless there is a Soft Close.

We offer sellers the ability to consign assets into both our auctions and marketplace. To learn more, contact us at 650-344-3282.