Minimum bid auction
Terms:
Property sells “AS-IS”, "WHERE-IS" without warranties of any kind. Potential Buyers must perform such independent investigations with respect to the Property as they deem necessary to verify information provided by Auction Company.
Warranty:
All information provided by Auction Company is deemed reliable but is not warranted. The information provided by the Auction Company is subject to verification by all parties relying on it. No liability for its accuracy, error or omission is assumed by the Auction Company.
Title:
Seller will convey title by General Warranty Deed free and clear of all liens.
Registration:
Bids will be accepted only from registered bidders. Registration begins at 11:30 AM day of sale. Please bring a valid form of identification (i.e. driver’s license)
Announcements:
Announcements made on day of sale take precedence over all prior communications, both verbal and written, concerning the sale of the Property.
Buyer’s Premium:
A 5% buyer's premium will be added to the high bid to determine the final sales price.
Deposit:
Deposit equal to 10% of final contract price (bid price plus buyer's premium) due day of sale by cash or company or personal check with ID.
Approval:
Property will sell to highest bidder with a bid of $1,500,000 or higher.
Closing:
Balance of Purchase Price shall be due and payable in collected funds on or about 30 days after the sale.
Agency:
The auction company and its representatives represent the sellers.
