1. BUYERS PREMIUM: Real Estate: A 5% buyer’s premium will be added to the successful bidders high bid and will be included in the total contract purchase price. This property will be sold subject to confirmation.
2. CONDITIONS: The information contained on this web site and all related auction materials are subject to the terms and conditions of the CONTRACT OF SALE. Buyer’s complete inspection of property is encouraged. A portion of the property may be offered “with reserve” and the auction firm reserves the right to bid on the sellers’ behalf up to the reserve.
*3. BROKER PARTICIPATION WELCOME: Any broker actively licensed in North Carolina whose agent properly registers the successful high bidder, will be paid a 2% commission, based on gavel price, at settlement by the seller. A properly filled out and signed Buyers Agency Agreement must be emailed to akitaauctions@gmail.com prior to start of the in-person auction. Additionally, agent must attend sale and co-register with prospect on Auction day. Only the first agent to register the high bidder will be paid a commission. Agents acting as principals, on behalf of other licensed real estate agents or on behalf of family members, or who represent prospects who have had prior contact with the Seller or Auction Company are not eligible. Brokers may pre-register only one potential buyer.
4. DEPOSIT: A $5000 non-refundable deposit is required on day of sale. Balance due on or before 30 days post auction. Non-refundable deposit cannot be paid with a credit card.
5. AUCTIONEERS DISCLAIMER: All information contained herein is provided without representation or warranty as to the accuracy of the same. Buyers shall rely on their own judgment and inspection. Property to be purchased AS IS, WHERE IS, with all faults if any. The Auction Firm and Sellers reserve the right to entertain any reasonable offers, which may be accepted, prior to the auction.
6. ATTENTION AUCTION BUYERS: We suggest that you REGISTER ONLINE OR arrive one hour prior to the auction in order to register and have any last minute questions answered.
Terms are Cash or Loan. Buyers must email proof of funds or pre approval letter prior to the start of bidding or their registration will be declined
Contracts will be created and must be executed within 24 hours of auction ending. Closing will be handled by Shoaf Law Firm in Charlotte NC. Winning bidder must pay any closing attorney fees associated with buyers side of closing and must close within 30 days of the close of the auction. $5000 Non-refundable deposit is due and payable to Shoaf Law Firm at the completion of the auction. Deposit will be credited to the buyer at closing. If the buyer terminates the contract for any reason, the property will be relisted and the buyer will forfeit their non-refundable deposit.
Akita Properties Auction firm #10817
Fathom Realty Realty Firm #C23310
Mitchell Casey Helms Broker #266825
