Auction Terms & Conditions By registering as a buyer and/or bidder on the property, you agree to these Terms and Conditions.
The real estate auction will be held on Wednesday, June 30th, 2021 at 2pm. All bidding will be done online or over the phone if prior arrangements have been made. Online Pre-Bidding is available now until the property is sold.
This property is being offered free and clear of any liens and encumbrances with no warranties or guarantees in “As-Is” condition with all faults and defects. The sale is not subject to any contingency, including mortgage or inspection contingencies. Purchaser understands that any and all required or needed repairs, inspections, surveys, or permits are strictly and solely Purchaser’s expense and obligation.
There is a 10% buyer's premium paid by the buyer on the winning bid. The winning bid plus the 10% buyer's premium will comprise the total purchase price.
The real estate transfer taxes will be calculated on the total purchase price. The buyer pays both transfer taxes.
Any personal property owned by the tenants remains the tenant's property.
The property is being offered with a reserve and will be sold subject to seller’s confirmation.
The winning bidder will pay a $40,000 down payment and sign the Purchase Agreement and Seller’s Property Disclosure Statement at the conclusion of the auction. The remaining balance will be paid at settlement.
Settlement will take place on or before August 31st, 2021.
If the purchaser fails to comply with the terms and conditions of this auction or the purchase agreement, the seller may retain the deposit as liquidated damages, and may proceed to make a resale of the property, either at public or private sale.
H.K. Keller has the right to reject any bids placed using the online bidding platform.
Only the registered bidder may bid using the registered account, unless arrangements with H.K. Keller have been made.
If you are an online bidder and your bid wins the property, you will be emailed payment information, a Purchase Agreement and Seller’s Property Disclosure Statement to sign electronically or to print, sign, scan and return via email. These documents should be completed and returned within two hours.
Online bidders will have 24 hours from the conclusion of the auction to pay the down payment via wire transfer or cashier’s check unless prior arrangements have been made with the H.K.Keller.
H.K. Keller will pay a 3% commission to a real estate brokerage securing the winning bidder. The 3% commission at auction is calculated on the purchase price.
The signed Bidder Registration Form must be submitted to H.K. Keller prior to the live auction in order for the broker/agent to be compensated.
Seller User Terms
Bidder User Terms