Buyers Premium will be applied to your total auction purchases via the scale below.
Online Cash Prem. %
$0.00TO $999,999,999.99 AT 5.00 %
Online Check Prem. %
$0.00 TO $999,999,999.99 AT 5.00 %
Online Credit Prem. %
$0.00 TO $999,999,999.99 AT 10.00 %
Online In State Cash Prem. %
$0.00 TO $999,999,999.99 AT 5.00 %
Online In State Check Prem. %
$0.00 TO $999,999,999.99 AT 5.00 %
Online In State Credit Prem. %
$0.00TO $999,999,999.99 AT 10.00 %
Online Terms and Conditions - PLEASE CONTACT KEITH JAMES 580-541-8618 for questions.
This is a live onsite auction. The high bid online will be taken to the Live Auction as the starting bid. No Buyers Premium for onsite bidding. 5% Buyers Premium for Online Bids.
A 5% buyer's premium will be added to the bid price. The contract price will be equal to the bid price plus the Buyer's Premium.
Buyer's Premium: A five percent (5%) buyer's premium will be added to the final accepted bid and charged to the buyer to determine the final sales price. For example, a top bid of $100,000, plus a 5% buyer's premium will result in a sales price of $105,00.00.
To be approved as an online bidder, a signed copy of this "terms and conditions" along with a signed bidder's certification must be received 48 hours prior to the close the of auction and approved by the auction office. Bidders may be required to provide a photocopy of a valid state-issued identification at the auction company's sole discretion. Bidders will need to provide a Bank Letter of Credit at least 48 hours prior to the auction.
Auctioneer reserves the right to waive any and all requirement and/or require additional documentation prior to allowing a bidder to participate in the auction.
The bidder is exclusively and solely responsible for any and all bids placed through their registered bidder ID.
Bidding increments shall be determined at the sole discretion of the auctioneer.
The Bidder expressly agrees that the bidder has inspected the property, or has had the opportunity to inspect the property, and is aware of the flaws, if any, and is fully prepared to pay for this purchase in full at time of closing. a) The sale shall not be contingent upon the sale of any other property, nor shall it be contingent upon financing in any manner. b) Bidder assumes all liability for the inspection process, including releasing the seller and the auctioneer from any claim of injury or harm during the inspection. c) A failure by the bidder to inspect the property shall not be grounds to terminate or void any contract.
It is the Purchaser's sole responsibility to: a) perform all inspections (legal, environmental, economic, or otherwise) of the property and to be satisfied as to its condition prior to bidding b) review all property information and due diligence materials c) independently verify any information they deem important including information available in public records d) inquire of public officials as to the applicability of and compliance with land use and environmental laws, zoning, building and health & safety codes and ordinances and any other local, state, or federal laws and regulations.
All information contained in the website and all promotional materials, including but not limited to, photographs, directions, acreage, square footage, dimensions, zoning, maps used for promotion, environmental conditions, taxes, etc., was provided by or on behalf of the Seller and is believed to be correct; however, neither the Seller nor the Auctioneer makes any promise, representation, guarantee, or warranty as to the accuracy or completeness of such information.
These properties sell "As-Is" with no warranties express or implied, unless specifically stated.
Property included in the sale is the real estate only or as listed in the property description.
The down payment will be payable to GRANT COUNTY ABSTRACT. Payment shall be made by direct wire transfer day of auction.
Real Estate Taxes: The taxes will be prorated to the day of closing.
Closing: a) Closing shall take place at the office of Grant County Abstract – Medford, OK. b) Closing fees will be split between the buyer and the seller. c) Closing will be held approx 30 days m/l after the auction date.
Possession of property will be given at closing. Survey if desired will be at buyers expense.
The Successful Bidder shall execute a "Real Estate Auction Contract of Sale" for the property immediately after being declared the Successful Bidder by the Auctioneer.
Each potential Bidder is responsible for conducting at their own risk, their own independent inspections, investigation, and due diligence concerning the property.
All announcements made up to the final close of the Auction bidding take precedence over all advertising, oral or printed material.
Online Auction Technology (Disclaimer): Under no circumstances shall Buyer have any kind of claim against JKJ Real Estate & Auction Co or anyone else, if the Internet service fails to work correctly before or during the auction. Online bidding is subject to technology faults and issues which are outside the control of the auction company. The SELLER and/or Auction Company reserves the right to (pause) the online auction bidding in the event of any internal or external technology failure, to preserve the integrity of the auction event and maintain a fair and impartial bidding environment.
Disclaimer: Bidders are advised to independently verify all information they deem important. This property is being sold "As-is, Where-is" and with "All Faults" whether known or unknown, presently existing or that may hereafter arise. The Seller and Auctioneer have not made, do not make and will not make, and hereby disclaim, any representation or warranty, whether expressed or implied or statutory, whether oral or written, with respect to the Property, including, without limitation, any warranty as to its value, condition, acreage, square footage, state of repair, structural integrity, habitability, suitability, merchantability, marketability, operability, visibility, zoning or subdivision regulations, mineral rights, environmental condition or fitness for a particular use or purpose. No Guarantees are given as to the availability of utilities or accesses, the permitted or allowable used of the Property. Buyer agrees to take full responsibility of investigating the property and not rely on any information provided or to be provided by seller or broker or auctioneer. Buyer further acknowledges and agrees that any information provided by or on behalf of seller with respect to the property including, without limitation, all information contained in any property information package previously made available to buyer by seller and broker was obtained from a variety of sources and that seller and broker and auctioneer have not made any independent investigations or verification of such information and make nor representation as to the accuracy or completeness of such information.
Neither the Seller, its attorneys, any broker, nor the Auctioneer, shall be liable for any relief including damages, rescission, reformation, allowance, or adjustments based on the failure of the Property including, but not limited to, amount of acreage, square footage, zoning, and environmental condition to conform to any specific standard or expectation, or any third-party documents of information.
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