Know the Rules of the Hunt

Interactive Guide to Terms, Fees, and Compliance for Hundred Acre Goods, LLC

Effective Date: January 1, 2026

1. The Cost of the Hunt

Transparency is key. We charge a standard Buyer's Premium (15%) and collect MI Sales Tax (6%). Use this tool to estimate your final invoice.

Hammer Price: $100.00
Buyer's Premium (15%): $15.00
MI Sales Tax (6%): $6.90
Estimated Total: $121.90

Cost Breakdown Visualization

*Tax is calculated on Hammer Price + BP. Tax-exempt? Provide certificate before closing.

2. The Auction Lifecycle

1

Register & Verify

All bidders must register via HiBid. We verify identity and payment info. Must be 18+ (21+ for firearms). False info leads to immediate termination.

2

Bid (Soft Close)

Auctions use "Extended Bidding." If a bid is placed in the final minutes, the clock resets. No sniping! Items are sold "AS IS, WHERE IS"—inspection is your responsibility.

3

Pay (24 Hour Rule)

Cards on file are processed immediately after closing. Declined payment? You have 24 hours to fix it, or face a 20% penalty, forfeiture, and a ban.

4

Pickup or Ship

Strict pickup windows. Miss your window? Items are deemed abandoned with NO refund. We partner with Shipping Saint for all delivery needs (billed separately).

3. Regulated & Specialty Items

We handle complex assets like firearms and vehicles professionally. Compliance is non-negotiable.

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Firearms Policy

  • FFL Required: All transfers must go through a licensed Federal Firearms License holder.
  • Background Check: Mandatory NICS check. Must be 21+ for handguns.
  • Failed Check Penalty: If you fail the check, you forfeit the 15% Buyer's Premium and transfer fees. Refund covers Hammer Price only.
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Motor Vehicles

  • Title Status: Sold with title status fully disclosed (Clean, Salvage, etc.).
  • Transfer Delay: Titles are transferred only AFTER full payment has cleared (approx. 7 days).
  • Condition: Inspect personally. "As Is" applies strictly to mechanical condition.

4. The Fine Print (Clause Explorer)

1.1 Registration: Must register via HiBid. HAG reserves the right to deny/terminate accounts.

1.2 Verification: Bidders must provide verifiable info. HAG may run identity checks.

1.3 Age: 18+ generally, 21+ for regulated items.

1.4 Responsibility: You are responsible for all bids on your account.

3.1 Buyer's Premium: 15% non-refundable fee added to hammer price.

3.2 Sales Tax: 6% MI Sales Tax unless exempt form provided prior to close.

3.4 Default: Non-payment within 24hrs results in a 20% penalty, forfeiture, and ban. You remain liable for the deficiency.

4.1 Scheduled Pickup: Must adhere to published times. Non-negotiable.

4.2 Abandonment: Items not picked up are forfeited with NO refund.

4.3 Labor: Bring your own help/tools. Staff does not load heavy items.

4.4 Shipping: Handled via Shipping Saint. Bidder pays all shipping costs.

6.1 Jurisdiction: Governed by Michigan State Law.

6.2 Limitation: Sole remedy for errors is refund of hammer price. No consequential damages.