| Payment Terms |
TERMS OF PURCHASE (applicable to both lots):
1. Immediately following the auction please contact our office at 1-877-907-3000 to coordinate transmission of contract documents and down payment.
2. A down payment in the amount of 10% of your purchase price up to a maximum down payment of $20,000.00 per lot is due NO LATER THAN FRIDAY, OCTOBER 17, 2025 BY 3PM (CST). Internet buyers may hand-deliver the down-payment or wire transfer funds.
3. Your down payment check WILL BE DEPOSITED IN ESCROW and will be applied to the purchase price at closing. Down payments are non-refundable and failure to close on the purchase will result in forfeiture of the down-payment. The balance of purchase price is due in cash at closing. Closing costs will be shared equally between Buyer(s) and Seller.
4. The sale of the real estate is NOT subject to any contingencies or financing.
5. The Seller shall provide a title search and a Warranty Deed. The cost of title insurance shall be at Buyer's expense if Buyer elects to secure a title insurance policy.
6. The Seller shall pay the 2024 and all prior year's real estate taxes; real estate taxes for 2025 shall be prorated to the date of closing.
7. No Survey will be required
8. Possession shall not be granted until closing. No Buyer may make physical changes to the lots nor commence construction of any kind, nor store any items on the premises prior to closing. Closing shall take place on or before Monday, December 1, 2025 at Hogan Land Title Co. of Springfield, MO.
9. Your bids are to be based solely upon your inspection. All real estate is being sold "as-is" without physical warranty of any kind.
10. All real estate is being sold subject to any existing recorded easements and/or restrictive covenants.
11. At the close of the auction, Buyer(s) will be required to execute an Agreement to Purchase Real Estate and Addendum(s). This agreement is available for your review. The terms of this agreement and addendum(s) are non-negotiable.
12. Diamond S Auction & Real Estate Company, Inc. and its representatives are the exclusive agents of the Seller.
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