Demo of Historic Blighted Buildings
Listing Number: 14733029 | Portsmouth, RI US | Town of Portsmouth 1 Seller's Other Auctions
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Portsmouth LGF Bldg 3 Demo Municibid FINAL 1-9-18_.pdf
Auction Ended:
Final Bid:
$1.00
Bids:
0 Bids
Auction Details
| Starting Bid: $1.00 | |
| Current Price: $1.00 | |
| Buy Now Price | $0.00 | Reserve Price Not Met Available for immediate purchase. |
| Buyer's Fee: 9.00% |
| Start Date | |
| End Date | [Extended] |
| Bid History | 0 Bid(s) |
| Page Views | 3247 |
Payment Details
Full payment due upon pick up, either cash in US currency or a bank check payable to the Town of Portsmouth
Item Description
Please see the attached document for detail.
The Town is willing to accept less than minimum acceptable bid.
The Town is willing to accept less than minimum acceptable bid.
Additional information on this Auction
| Will Item results be voted on | No | |
| Will you ship this item | No. Pickup only. | |
| In person item inspection information | By appointment, email John Menke at jmenke@portsmouthri.com | |
| Pickup Location Details | 163 Glen Farm Road, Portsmouth, RI 02871 |
Questions/Answers Ask the seller a question about this auction.
You must be signed in to ask and answer questions.
Q: |
"We sent an email to the one that is provided in this ad about debris disposal. We did not receive a return email. Can someone respond to our email so that we can submit a proper bid on this building project " - Asked by #587256 01/19/2018 01:49 PM |
A: |
A. The status of lead paint and asbestos is undetermined. It is up to the bidder to determine the status of the materials in the structure and the salvage value of the material removed and weigh that value against the cost of deconstruction or demolition.
-Answered on 03/15/2018 11:23 AM |
Q: |
"Would John Menke please address the previous question and tell potential bidders what the reserve price is ??? The Town of Portsmouth should not even have a reserve price if the intent is to have someone dismantle and cart away these buildings at their own expense" - Asked by #5457828 02/26/2018 11:40 AM |
A: |
Please see above answer.
-Answered on 03/15/2018 11:23 AM |
Q: |
"Attention Town of Portsmouth, RI ; To whom it may concern, Your PDF needs to be revised, Bid submission deadlines etc. are back dated from previous listing. FYI, JIM D." - Asked by #563434 06/26/2018 05:16 PM |
A: |
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Item location This location is a general area based on the sellers zip code. It is not the specific address where the item is located.
Our Buyers Fees
With Municibid, pricing is clear, up-front and transparent. A buyer's fee (% of the winning bid amount) will be charged directly to the winning bidder upon the close of each auction via the credit card you entered prior to placing the bid. You pay the selling agency directly for the full cost of the item. (unless otherwise noted)
All Buyers fee's are aggregate unless otherwise noted. This means after you cross certain price thresholds you will pay a different buyers fee for the remaining amount. See below for an example.
Example:
If buyers fee is 8% for bids up to $99,999.99, 5% for bids $100,000 - $499,999.99, and 4% for bids over $500,000.
- Winning bid: $50,000: = Buyers fee: $4,000 (8% of $50,000).
- Winning bid: $150,000: = Buyers fee: $10,500 (8% of $100,000 = $8,000) + (5% of $50,000 = $2,500).
- Winning bid: $550,000: = Buyers fee: $30,000 (8% of $100,000 = $8,000) + 5% of $400,000 = $20,000) + (4% of $50,000 = $2,000).
Where can I see what the buyers fee is?
The current buyers fee will always be shown on the page of the listing under the current price in both the bid area and auction details area. You will also see the buyers fee amount you will pay for your entered bid on the page where you confirm your bid.
What if the selling agency rejects my bid?
If the government agency rejects your bid (they reserve the right to do so) your buyer's fee will be returned, in full, to you within 5 days of notification to Municibid of the rejected bid by the governing body.
Bidding Increments
Please Note: Bid increments automatically adjust based on the level of the current bid. The increments are as follows:
| If amount is greater than or equal to | The bid increment will be |
| $0.00 | $1.00 |
| $100.00 | $10.00 |
| $500.00 | $25.00 |
| $1000.00 | $50.00 |
| $2500.00 | $100.00 |
FAIR WARNING ALL SALES ARE FINAL. You are legally obligated to pay for your item per the terms of the seller if you are the high bidder at the close of auction. If you do not pay for your item, you will not receive a refund of your buyer's final sale fee, you will no longer be permitted to bid on municibid.com and will be subject to a penalty of 40% of the winning bid amount. If your credit card is declined for insufficient funds, you will be charged a $50 fee.