GENERAL TERMS & CONDITIONS

* All Bidders MUST sign the ONLINE AUCTION ACKNOWLEDGEMENT OF TERMS & CONDITIONS prior to bidding.*

A) When the bid is accepted by the auctioneer, you are contractually obligated to buy the real estate at the price stated as Your bid, Buyer’s Premium, fees, and all other applicable Buyer closing costs.

B) Successful Bidder will be required to enter into a purchase agreement and tender an Earnest Money deposit of  $5,000.00  by cash, check, or electronic transfer after the end
of the auction. Failure to execute the purchase contract and tender the earnest money deposit, bidder will be in default.

C) Each Buyer is responsible for conducting their own due diligence on the Property before bidding. The buyer is encouraged to conduct an inspection(s) prior to bidding.

D) The real estate sells in AS IS condition. The Seller is not making any repairs or giving any concessions.

E) The sale is not contingent upon a satisfactory inspection.

F) The sale is not contingent upon the Bidder(s) ability to secure financing. The buyer assumes responsibility for the appraisal gap, if any.

G) Closing to occur on or before Friday May 30th, 2025.

H) Seller will provide and pay for owner’s title insurance, preparation of deed, conveyance fee, and the proration of real estate taxes.

I) Bidder acknowledges receipt of a copy of the real estate purchase agreement for this Auction.

J) There is a  %10  Buyer’s Premium added to the final offer to determine the final 
purchase price.

H) See Online Acknowledgement of Terms and Conditions. 

I)  The real estate sells ’AS IS.’