TERMS &
CONDITIONS OF AUCTION
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REGISTRATION: All prospective buyers MUST register in
order to bid. 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 after completion of the Auction.
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PROPERTY INSPECTION: Previewing and inspection of the
residence is essential. The real and personal property is being sold
"AS IS – WHERE IS".
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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 there from.
ONLY such representation and warranties as may be set forth in a
definitive purchase agreement between Seller and Purchaser shall have
any legal effect.
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EARNEST MONEY: The earnest money deposit is equal to 5%
of the bid amount of the real estate and forfeited if Buyer is unable
to close escrow.
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ABSENTEE BIDS: Individuals unable to attend the auction
may complete an Absentee Bid Form, authorizing the auctioneer to bid
on their behalf, up to a specific amount.
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BROKER PARTICIPATION: A two percent (2%) commission
will be paid to the Licensed real estate broker whose client pays and
closes escrow on the residence. 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 Auctioneer 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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