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Payment terms. Within 24 hours of confirmation of the winning bid, a Fully Executed
Purchase Agreement and Earnest Money Deposit must be received. Earnest Money Deposit must
be a minimum of 5% of the final purchase price and paid in the form of a Cashier’s Check or
Certified Check drawn on a US Bank or by wire transfer directly to the specified title company
as outlined in the lot description and Multiple Listing Service information.
Purchase Agreement to be presented as a legally binding contract on an acceptable Oregon Real Estate form.
Broker compensation. Commission will be offered to the Licensed Realtor in the State of
Oregon representing a successful buyer in the amount as outlined in the Multiple Listing Service
information at the time of closing. If the transaction does not close, under no circumstances will
buyer broker compensation be paid.
Personal Property. No personal property shall be conveyed with the Property unless
otherwise specified in the purchase agreement.
Closing will take place on a mutually agreed upon date as outlined in the
purchase agreement. Closing will be handled by Title and Escrow company identified in the
listing details and both parties shall be responsible for their respective portion of the costs
associated with closing this transaction.
Buyer will receive vacant possession by 5pm on date of closing, or another
date mutually agreed upon by both parties in the purchase agreement.
Property is being sold AS-IS, seller to make no repairs. Buyer is responsible
to perform all due diligence deemed necessary. Seller, Auctioneer, and Realtor make no
representations or warranties of any kind, express or implied, as to the value, condition, or fitness
of a property, environmental or otherwise.
Additional Documents. As a condition of closing, the Buyer may be required to sign
certain disclosure documents. Buyer agrees to complete any documents and/or forms required
for a real estate transaction in the State of Oregon.
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