AUCTION TERMS & CONDITIONS

1. 1. Selling with the aggregate (cumulative) reserve of $125,000
  2. The real estate sells in AS-IS condition. The Seller is not making any repairs or giving any concessions.
  3. The sale is not contingent upon a satisfactory inspection.
  4. The sale is not contingent upon the Bidder(s) ability to secure financing. The buyer assumes responsibility for the appraisal gap, if any.
  5. The successful bidder will sign and return within 24 hours the purchase contract and other applicable documents electronically following the close of the auction.
  6. The successful bidder/buyer of the parcel(s) will deposit $5,000 per parcel (earnest money), non-refundable, payable on the day of the auction in cash, check, or by electronic transfer, to be held by the auction company.
  7. Buyer to proceed to close within (30) days of the auction.
  8. Seller will provide and pay for owner’s title insurance, preparation of deed, conveyance fee, and the proration of real estate taxes.
  9. There is a 10% (TEN) Buyer’s Premium added to the final bid price to determine the final purchase price.