Auction Terms & Conditions NOTE: Owner has the right to reject final bid on Real Estate. The high bidder will receive confirmation by noon on Thursday (May 6th).
REAL ESTATE TERMS: 10% down payment will be due upon acceptance of bid. The down payment will be required upon acceptance of bid & applied to the purchase price. The down payment may be made in the form of check or cash, and will be applied to purchase price. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing if needed. The Balance will be due at closing. Property is offered in "AS IS" condition. All inspections must be made prior to auction at bidders expense. Closing cost will be split between buyer & seller. Seller will provide a clear, marketable title to the purchaser. Property is not being offered subject to financing. Please have financing arranged before auction. The successful bidder will be required to sign a Purchase Agreements upon acceptance of final bid. (The final bid is subject to the Sellers acceptance or rejection).
DOWN PAYMENT: A 10% down payment will be required on the acceptance of bid and upon signing of purchase agreement. The down payment will be applied to the purchase price and may be made in the form of check or cash and is non-refundable. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, be sure you have arranged financing if needed.
ACCEPTANCE OF BID PRICES: The successful bidder will be required to sign a Purchase Agreement upon acceptance of final bid. (The final bid is subject to the Sellers acceptance or rejection).
EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the purchase price.
DEED: Seller shall provide Warranty Deed(s).
CLOSING: The balance of the purchase price is due at closing, which will take place in 45 days after the auction, or as soon thereafter as applicable closing documents are completed by the Seller. Costs for an administered closing shall be shared 50/50 between Buyer(s) and Seller(s).
POSSESSION: Possession will be given at closing.
REAL ESTATE TAXES: Real Estate taxes shall be prorated to the date of closing.
PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries and due diligence concerning the property. Seller disclaims any and all responsibility for Bidders safety during any physical inspection of the property.
SURVEY: The cost of the survey, if needed, will be the responsibility of the buyer.
DISCLAIMER AND ABSENCE OF WARRANTIES: The property is being sold on an AS IS, WHERE IS basis, and no warranty expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, and inquiries concerning the property. Conduct of the auction and increments of bidding are at the direction of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the person's credentials, fitness, etc. All decisions of the Auctioneer are final.
ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.
Jeff Hume | AU11400056
Seller User Terms
Bidder User Terms