Payment Terms |
REAL ESTATE DOWN PAYMENT (DEPOSIT): The Winning Bidder shall be required to make an earnest money down payment equal to 15% of the final bid price on Auction Day. This deposit must be paid by wire transfer (or by certified funds), by close of business the day following the bidder being declared the Winning Bidder. Winning Bidder whose documents and deposit are not received within the required timeframe 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 Coastal Auction Co., Inc, events. 10% Buyer's Premium will apply. Balance due at closing within 30 days. Property taxes prorated. Possession with deed.
PERSONAL PROPERTY TERMS: All personal property sold at this auction must be paid for Auction Day and will be charged to the charge card on record. Local Sales Tax will apply (9%), Buyer's Premium of 10% will be added and a 3% Credit Card Surcharge will apply to each purchase. Full payment must be made Auction Day. NO SHIPPING AVAILABLE FOR PERSONAL PROPERTY - MUST BE PICKED UP ONSITE.
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