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1. REGISTRATION:
All prospective buyers MUST register in order to bid. Each bidder
shall be required to possess a certified check drawn payable to
themselves, in the amount of $5,000.00. If buyer fails to close
escrow, the registration fee and earnest money deposit will be
forfeited. Closing shall take place within 30 days of the auction
and in accordance with Seller’s Purchase & Sales Agreement to be
executed by Buyer and Seller upon completion of the Auction.
2. PROPERTY INSPECTION: Previewing and inspection of Property
is essential! The Real and any Personal property (if any) is being
sold “AS IS – WHERE IS”. A Diligence/Property Information Package is
available on line @ www.azpga.com. All perspective buyers are urged
to acquire said information and conduct any and Inspections prior to
the auction.
3. SELLER’S & AUCTIONEER’S DISCLAIMER: All announcements made
by the auctioneer shall take precedence over any previously written
material or oral statements made by auctioneer. Conduct of the
auction, increments of the bidding, and decisions as to the high
bidder will be at the sole discretion of the auctioneer. The
information contained in the brochure is subject to the inspection
and verification by all parties relying on it. NO GUARANTEE,
WARRANTY OR REPRESENTATION, EXPRESSED OR IMPLIED IS GIVEN ON THE
INFORMATION CONTAINED IN THE BROCHURE OR DUE DILIGENCE INFORMATION.
The Seller and their agents expressly disclaim any and all
liabilities, which may be based on such information, errors therein
or omissions therefrom. ONLY such representation and warranties as
may be set forth in a definitive purchase agreement between Seller
and Purchaser shall have any legal effect. Seller reserves the right
of disposal of the property prior to the auction date.
4. BUYERS’ PREMIUM: A Buyers’ Premium of 10% will be added to
the successful high bid resulting in the Total Purchase Price of the
asset.
5. EARNEST MONEY: The earnest money deposit, equal to 10% of
the bid Amount, including the bidder’s registration fee of $5,000.00
is payable to the Title Company of record.
6. ABSENTEE BIDS: Individuals unable to attend the auction
may completean Absentee Bid Form, authorizing the auctioneer to bid
on their behalf, up to a specific amount.
7. BROKER PARTICIPATION: A Three percent (3%) commission will
be paid to the Licensed real estate broker whose client pays and
closes escrow. To qualify for the commission, the licensed agent
must register their client and accompany their client to the
auction. All registration letters from Brokers must be signed by
Agent, Broker and Client and must be mailed or faxed and received by
Torba, LLC 48 hours prior to the auction. There can be NO Exceptions
to this procedure and NO Oral Registrations will be accepted.
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