TERMS AND CONDITIONS
Bidder agrees to Terms and Conditions of Sale at time of Bidding Registration. Do not bid unless you agree to be bound by these terms. Property to be sold "as-is, where-is, with faults," without express or implied warranties of any kind. Buyer is to perform all inspections prior to auction with Professionals of their choosing. Flanagan Realty represents the Sellers only and does not inspect properties on behalf of Buyers and assumes no responsibility for the correctness of any descriptions.
Buyer must make a Non-Refundable Deposit of 10% or $10,000 (whichever is less) at the Conclusion of Bidding. Deposit is to be made to and held at the Closing Company of Seller's choosing. Buyer must also execute a Sales Contract and Property Disclosure (if available) which will be provided at the Conclusion of Bidding. Balance of Purchase Price along with all Closing Costs will be due within 30 days unless otherwise agreed to by Both Parties. Buyer to pay ALL Closing Costs including 10% Buyer’s Premium, Title Insurance, Revenue Stamps, Closing Fees, Survey, Filing Costs, and any other fees. Seller will cure any Title problems if necessary. Taxes will be pro-rated to the day of closing. Properties sell subject to Court, Bank, or Seller approval. The Court, Bank, or Seller retains their right to bid or have someone bid on their behalf. Possession will be upon Closing with filing of Deed. 10% Deposit will be refunded if Seller defaults. Property is sold with no contingencies; Buyer should conduct all Inspections required by Lender prior to auction. If a lender is being used, Buyer must be Pre-Qualified.
Purchase Price is amount of highest bid plus 10% Buyer’s Premium to make a Total Purchase Price. Buyer to make a Non-Refundable Deposit of 10% of the Total Purchase Price or $10,000, whichever is less.
Example: High bid is $50,000 Buyer's Premium is $5,000 (10%) $50,000 plus $5,000 = $55,000 10% non-refundable deposit = $5,500
All information given orally or in writing was derived from sources believed to be correct but is not guaranteed. All real estate dimensions are only approximations. Buyers shall rely entirely on their own information, judgment, and inspection of the property and records.