Terms and agreement for Two Old Souls, Inc., an affiliate of the J&K Estate Sales Auction Platform - Legally Binding Agreement – Please Read Carefully Before Bidding
"We" refers collectively to Two Old Souls, Inc. and J&K Estates Sales LLC unless otherwise stated. The terms Winners/Buyers/Winning Bidders and Items/Lots/Assets are used interchangeably for purposes of this document.
Two Old Souls, Inc. is a privately held corporation affiliated with J&K Estate Sales, its own operating legal entity/business. J&K Estate Sales LLC and Affiliates are licensed and
bonded in favor of the State of Ohio.
1. BUYERS' PREMIUM: 12%
2. REGISTRATION: Bidders must have a valid Visa, MasterCard, Discover, or American Express card with the required contact information, including address, valid email, and phone number. Registering to bid allows you to be responsible for all purchases made under your bidding account or username. Note: We do not automatically charge credit cards for invoiced amounts after the auction closes – the winning bidder must initiate and process any charge to their card for payment. However, we will charge the card on file for abandoned lots.
An Ohio resident must bid on a vehicle and other titled assets unless the auction firm manager or auctioneer approves and grants permission beforehand. Out-of-state bidders must contact the auction firm's manager, auctioneer, or the platform administrator before bidding on titled assets. The platform administrator will grant or deny approval on a case-by-case basis.
Purchasers of firearms and ammunition MUST BE AGES 21 AND OLDER and provide a valid State of Ohio driver’s license or state-issued ID at pickup time—NO EXCEPTIONS. We collect ID information for our files only; it is not turned over to the State of Ohio unless we are audited.
3. PAYMENT: Shortly after an auction concludes, the winning bidders will receive an invoice via the auction platform. Winners can pay online using a credit or debit card through Stripe on the J&K Estates auction platform or via Square on the pickup day. No processing fee is applied as we absorb the cost of these fees for you. Cash will only be accepted at pickup (please use small bills only). Checks are not accepted at any time.
4. SALES TAX: Two Old Souls, Inc. adds a 7% sales tax (Portage County) to every transaction on most auctions. The auction listing will clearly state that we are not charging sales tax for the auction when applicable.
5. BIDDING ERRORS: Please be aware that many bidders routinely increase their bids to price an item out of reach of other bidders. Be sure to review ALL bids before submitting them. We WILL NOT reverse bids that have caused another bidder to be outbid, or if a bidder places a bid on the wrong item. We WILL NOT reverse any bids after the auction has begun to close, with no exceptions.
6. MAXIMUM BIDS: We usually use only one bidding field. Many bidders submit their "maximum bids" because they appreciate the convenience and do not want to miss out on a bidding opportunity by placing only real-time bids, especially in the final, frantic minutes of an auction. Please note that maximum bids are not disclosed.
If someone bids against you, the platform software will place your bid at the maximum you have assigned. If you are immediately outbid when that bid is placed, you are most likely up against someone else's max bid. Be sure to click "REFRESH LINK" frequently to ensure you view the most up-to-date data.
7. GROSS BIDDING ERRORS: Any gross errors must be reported immediately via phone call to (330) 283-0571. They will be handled on a case-by-case basis and at the sole discretion of J&K Estate Sales LLC and Two Old Souls, Inc., who are not obligated to make a reversal but will have the final decision on how to proceed.
8. STAGGERED CLOSING: Online auctions on this platform close one to two lots at one-minute intervals. For larger auctions, this interval may be increased to 30 seconds to expedite the closing. You must know which applies (it is always listed under the auction details).
9. DYNAMIC CLOSING: An asset's closing time is automatically extended by an additional two minutes whenever a new bid is placed within the last two minutes of the lot's or item's closing time, allowing other bidders to place their final bids. This process will continue until bidding on a lot or item ceases.
10. REMOVAL: This is an ONLINE-ONLY AUCTION. Please DO NOT bid if you cannot pick up your items during the indicated removal time. Please be aware that REFUNDS OR CHARGEBACKS WILL NOT BE GRANTED. Winners are responsible for removing lots/items in each lot at their own expense, liability, and risk. The auction company staff does not provide moving services or tools. Please be prepared to remove all items from the building first, then pack and sort them.
11. PICKUP OF ASSETS:. Winners will check in with the cashier to verify payment and, if necessary, pay in full, and receive a copy of their invoice. All bidders agree to be held personally responsible for all purchases made under their bidder number or account. Items not picked up during the published removal times will not be charged back. The buyer authorizes J&K Estate Sales LLC and Two Old Souls, Inc. to release the buyer's assets to any individual possessing the buyer's sales receipt.
Buyers may be required to produce ID for security reasons. Please have your ID with you at all times at pickup. All Buyers accept that pickup may be electronically recorded and monitored, whether disclosed or not.
The winner's invoice will list the exact property address and any special instructions. For the property owner's safety, only the general location of the property will be disclosed in the auction details during the live online auction.
12. WARRANTY & CONDITION OF ITEMS SOLD: All items are sold "AS IS, WHERE IS, with NO WARRANTY expressed or otherwise implied. Descriptions are believed to be accurate but not guaranteed or always exact. Use the photos and your eye as the determining factor when assessing an item's condition or branding. When unsure of the condition or brand, please bid accordingly. J&K Estate Sales LLC and Two Old Souls, Inc. are not responsible for using or misusing items, infestation and pathogens, environmental or toxic harm, or any injury or harm caused by items purchased.
13. BUYER DEFAULT: After the scheduled removal, items not picked up will be considered abandoned. We may charge your credit card or invoice you for a disposal fee if lots are not picked up or items are left behind at the property. If a bidder defaults at an auction, it may, at its discretion, contact the backup bidder(s) for an offer, but is not legally obligated to do so.
For a more detailed explanation, please visit the Terms & Agreement page here: https://jkestateauctions.com/Home/Term.
