Scroll down for Real Estate Terms
By participating in this auction you agree to the following terms and conditions:
Personal Property Terms: For successful Buyers, A 10% buyers premium will be charged to the total invoice price.
Please note that any purchase is subject to automatically be charged to your credit card on file. Please contact us immediately following the Auction to inform us on your payment & pickup details by emailing us at JeffBooneAuctions@gmail.com. You will receive an invoice in your email. We will begin charging cards the following morning if no contact from buyer has been made.
Indiana requires all online auctions must collect Indiana 7% sales tax
Credit card purchases will incur a 3.99% convenience fee
Immediately when an item is Sold it becomes the property and responsibility of the Buyer. All items sell AS-IS with no warranties or guarantees by the Seller(s) or the Auction company. The Bidder is responsible for determining his or her opinion of the condition and authenticity of an item before purchasing the item, not after.
By placing bids you agree to follow all of the terms and conditions, make payment, and take possession of purchased items. Although we strive to provide the best internet connections and software available, please understand that internet speeds and reliability will vary. The Auction company is not responsible for lost connection or software failures that result in lost or unaccepted bids. This will be a fast paced auction and quick bidding will be required.
Thank You for reading our terms and conditions. If you have any questions please contact us.
Real Estate Terms & Conditions: Real Estate & Personal Property Auction - Marion, IN
Property Address: 3502 S Overman Ave Marion, IN 46953
“Addendum A”
Auctions Terms of Sale and Conditions
Auction Date: Monday, May 27th, 2024 @ 5 PM EST
1. There is a 5% buyers premium charged to the final bid price of the Real Estate.
2. Property Sold ABSOLUTE No-Reserve
3. $10,000 non-refundable deposit is required on Tuesday, May 28th via check made payable to Jeff Boone Realty. This payment will be held in a non interest bearing account and applied toward the purchase price at a successful closing. This is a nonrefundable deposit unless by default of the Seller(s). The sale of the real estate is not contingent on financing, so it is advised that the purchaser make financial arrangements prior to bidding. The balance of the purchase price is due in cash at closing via a wire transfer or as required by the Title Company.
4. Real Estate Closing to take place within 45 days of auction or when insurable title is available.
5. A Title Insurance Policy will be issued by a company of the auctioneer’s choice. Seller and purchaser will split closing costs of sale 50/50. Any cost associated with purchaser financing is at the expense of the purchaser only.
6. Any surveys requested or required are to be at the expense of the buyer(s). When the new survey is ordered, the survey will be ordered by the Auction Company or its designated agent, and will be for the perimeter only. No information, data, or discussion is permitted by the surveyor and the buyer(s) or buyer(s) agent without authorization from the seller, auction company, or real estate broker.
7. Possession of the house and property will be at closing.
8. Taxes will be prorated to the day of closing.
9. If Separate owners are represented at this auction, then the terms and conditions apply to all parcels. Bidding increments are at the discretion of the auctioneer and may vary.
10. All Real Estate and property is sold As-Is without any warranty. Agent and Seller(s) make no assurances to the ability to obtain any zoning or building permits of any kind. Your bids are to be based solely upon your inspection. The sellers, auction company, real estate broker, and their representatives make NO warranty with regard to zoning classifications, specific purpose or use restrictions, easements or deed restrictions, availability or location of utilities; availability of building, driveway, water or septic permits; or any information or materials provided by any third party regarding the auction property.
11. Parcels will be sold by the dollar and not by the acre. Parcels were created by using the County Beacon GIS online mapping website and acreage amounts are approximate and as accurate as the system will allow. Parcel acreages are not guaranteed and no price adjustments will be made for variations in amounts.
12. The Auction company, Broker, or owner(s) are not responsible for accidents. Information has been provided via various printed and electronic media for the bidders’/potential buyers’ review. Although this information is deemed to be reliable, it is NOT guaranteed, and should NOT be substituted for the bidders’/potential buyers independent verification and investigation of the property. The auction company and its agents including real estate broker(s) disclaim any warranty or liability for information provided.
13. At the close of the auction or within 24 hours of its completion, the high bidder(s) will be required to execute a purchase contract in the form of the Agreement to Purchase Real Estate, Addendum A, and if applicable(Lead Based Paint Disclosure, and Sellers Residential Real Estate Disclosure). These terms and documents are non-negotiable. Time is of the essence. All terms and conditions of the Agreement to Purchase Real Estate and Addendum A shall survive the closing. If any provision of the Addendum A is inconsistent with a provision of the Agreement to Purchase Real Estate, the provision of the Addendum A shall prevail and control.
14. Jeff Boone Auction and Realty and its agents and representatives, including real estate broker(s) are the exclusive agents of the sellers.
15. Seller and Buyers agree to take actions as requested to facilitate the closing of the sale including, but not limited to accommodating access by various vendors as may be required(i.e. surveyors, appraisers, etc….)
16. Buyers attest that they _____(have) ______(have not) entered into a buyer’s agency agreement with a real estate brokerage firm other than Jeff Boone Realty.