- TERMS AND IMPORTANT AUCTION DETAILS SECTION - STEP 1: Acceptance of Terms & Conditions By registering to participate in the bidding process for the above asset, you are agreeing to the following terms & conditions: 10% down within 24 hours of auction. Good check due for non-refundable earnest money deposit, balance due within 30 days. Taxes to be prorated. Possession with passing of Deed at closing. Property is being sold "As-Is" with any and all faults. There are NO warranties expressed or implied by Compass Auctions & Real Estate, LLC or by the seller. Buyer responsible for verifying square footage, acreage, zoning regulations and any and all other pertinent information deemed relevant by the prospective buyer. Buyer shall be responsible to conduct any and all inspections buyer deems necessary at buyer's expense prior to the auction date. There are NO Contingencies to this sale. Announcements made day of sale take precedence over previous advertising. There is a 10% Buyer's Premium for this sale. Therefore, 10% of the highest bid will be added to the final bid to achieve the total contract price. STEP 2: Bidder Registration Qualifications Bidder must fully register with Compass Auctions & Real Estate, LLC no later than November 25th, 2018 by 6:00 PM EST. A Valid government-issued picture ID is required. Proof of funds - If paying cash at close you'll need your most recent bank statement. If financing, you'll need your loan commitment documents on bank / lender letterhead. Documents will be required 24 hours following auction. Articles of incorporation, trust documentation or other proof of signing authority (for those taking title in a company name or trust only). If you are bidding on behalf of someone, you must provide a notarized specific power of attorney authorizing you to bid and execute documents for the purchaser for their specified properties of interest. STEP 3: Auction Day Bidding Process: Registration tables will open at 1:00 PM EST, live auction will commence at 6:30 PM EST. Online Bidders - When using the online bidding platform, any online bid submitted should be considered as binding and pending and the live auctioneer record will control all bids. Broker/Agent Participation Qualifications: Participating Broker/Agent must register prospective bidder using Compass Broker/Agent Form no later than November 23rd, 2018 at 4:00 PM EST. Participating Broker/Agent must ensure prospective bidder meets all bidder registration qualifications. NO EXCEPTIONS. Broker/Agent must attend auction event with prospective bidder to qualify for compensation. Broker/Agent must register bidder prior to any inspections of the property. No Broker/Agent will be recognized for a prospect that is currently working with Compass Auctions & Real Estate, LLC. STEP 4: Buyer pays all closing cost. Closing to occur 30 days after the auction. Closing attorney to be determined by seller or Compass Auctions & Real Estate. Not responsible for accidents or injuries of any kind for any reason.