NEW BRAUNFELS AUCTION TERMS AND CONDITIONS

To enable bidding, a bank statement or letter of credit must be presented to the auction company. We will be contacting you to ensure all your contact information is correct and to ensure your intent to bid. This is to ensure the legitimacy of the auction process and the integrity of everyone involved. Please read all terms prior to registering. A telephone conference call with the auctioneer to answer questions will be required as part of the registration process.
We encourage auction registration and early bids. We also consider all Buy It Now offers and encourage early sales offers and negotiations. All offers are subject to the owner, executor, or court approval.

Auctioneer reserves the right to bar anyone from participating in the auction.

Unless specified by the auctioneer, all items are sold AS IS, WHERE IS, with no guarantees expressed or implied. No statement anywhere, whether oral or written, shall be deemed such a guarantee, warrantee, or representation. Prospective bidders should inspect the property before bidding to determine condition, size, etc., for their specific use
Each bid is, by law, an irrevocable offer to purchase and each higher bid shall cancel an earlier bid. Auctioneer reserves the right to begin each auction with a starting bid, which will be announced before the start of the auction or listed online as the starting bid and/or current bid.
There is a 10% buyers' premium that will be charged on each purchase. 10% will be added to the final bid price of the property and will become part of the final sales price at closing and funding. A buyer's premium is an advertised percentage of the highest bid and becomes part of the total price. For example: If the highest bid is $100,000, the buyer's premium is $100,000 x 10% = $110,000 purchase price.
Updates and announcements will be made via the bidding software and emails to registered bidders and may be made throughout the offer and bidding process.
Earnest money: Upon completion of the auction the winning bidder will make an earnest money deposit of 10% of hammer or final auction price in U.S. dollars within 24 hours, made out to New Braunfels Auction Co.
Failure to execute and deliver the earnest money deposit within the required timeline after being the declared successful bidder, the bidder will be deemed in breach of the auction Terms and Conditions and could result in the bidder being banned from bidding in all future auctions.
The earnest money will be made in the form of a certified check, cashier's check, or personal/company check with an irrevocable bank letter of guarantee payable to New Braunfels Auction Company, LLC, 870 Hwy 46, New Braunfels, TX. Upon making payment for property, no stop payment of funds will be honored. Any stop payment order may be returned as insufficient funds and will be deemed fraudulent. The remainder of the purchase price is due upon closing and funding. All transactions must be done in U.S. funds regardless of the origin of the winning bidder.
BIDDING AND PURCHASE IS NOT SUBJECT TO FINANCING, INSPECTIONS, OR APPRAISAL. THIS PROPERTY IS SOLD AS IS, WHERE IS, WITHOUT WARRANTY OR GUARANTEE OF ANY KIND. PLEASE INSPECT THE PROPERY FOR YOUR OWN USE. PERSONAL ON-SITE INSPECTION OF EACH PROPERTY PRIOR TO THE AUCTION IS STRONGLY RECOMMENDED. BIDDERS ARE ENCOURAGED TO HAVE INSPECTORS, ARCHITECTS, AND/OR ENGINEERS EXAMINE THE PROPERTY PRIOR TO BIDDING. BY PLACING A BID ON THE PROPERTY AT AUCTION, THE BIDDER AKNOWLEDGES THAT BIDDER HAS EITHER INSPECTED THE PROPERTY OR WAIVED THEIR RIGHT TO INSPECT THE PROPERTY PRIOR TO BIDDING.
Bidders are encouraged to conduct a title search and survey the property prior to bidding. Bidders should exercise due diligence as to property usage, zoning, and building code restrictions or violations that may or may not exist as to the subject property. Some properties may have lost their use variance, be subject to non-conforming use because of being vacated or violating current building codes or zoning restrictions or scheduled for demolition.
If the high bid on a property meets or exceeds the minimum reserve price established by the owner, the sale of such property shall be an absolute and final sale and shall bind all parties.
Until the seller's reserve price is met, the New Braunfels Auction Co., LLC may "counter bid" on behalf of the seller. Counter bids do not occur after the seller's reserve price has been met. If the high bid on a parcel is less than the minimum price established by the owner, the sale shall be subject to approval by the owner. The owner shall have 72 hours to accept the bid or negotiate an alternat price. If the owner does not accept the bid or negotiate an alternate price, the purchaser's earnest money deposit shall be returned to purchaser in full. If the owner agrees to accept the bid or agrees to an alternate purchase price, the sale shall be deemed final.
If the property is sold "Subject to Confirmation," the sale shall be subject to approval by the owner, a probate court, and/or other third party having a lien or ownership interest in the property. The owner and/or other third party shall have 30 days to accept the bid or negotiate an alternate price. If the owner and/or third party does not accept the bid or negotiate an alternate price, the purchaser's earnest money shall be returned.
If Owner or other third party agrees to accept the bid or agrees to an alternate price, the sale shall be deemed final.

All informational tools, including but not limited to slides, tax maps, deeds, photos, videos, auction listings, auction catalogs, auction signs, property record cards, etc., are for identification purposes only and are neither a guarantee nor a warranty as to location, dimensions, parcel use and/or size, or anything else.
New Braunfels Auction Co., LLC, its' agents and representatives, make no warranty expressed or implied in connection with this sale.
Non-Discrimination. Owner understands that he may not refuse to sell, or discriminate in the terms, conditions or privileges of sale, to any person due to race, color, creed, religion, national origin, sex, marital status, status regarding public assistance, handicap, whether physical or mental, or family status. Owner understands further that local ordinances may include other protective clauses.
These Terms and Conditions are subject to change as amended. Any oral amendments made by the Auctioneer will supersede these Terms and Conditions and are final.
Core35 Realty, 421A S. Seguin Ave, New Braunfels, TX, will represent the seller. Any questions for them may be directed to call 830-542-9353

This auction is regulated by the Texas Department of Licensing and Regulations
P.O. Box 12157
Austin, Texas 78711
512-463-6599

8322 Sharl Cove, Austin,TX This 14+/- Acre Country Estate located in Southwest AUSTIN, TX. (HWY 45 & 1826) Just 20 minutes to downtown Austin, it provides the ultimate luxury of privacy & space to spread out! This is a once in a lifetime opportunity to own a property such as this. This property includes beautiful Hill Country terrain plus a Wildlife Management Exemption. See the evening lights come up as the sun goes down from the private observation/party tower. Property Features: Luxury Home, Athletic Complex/observation tower, Guest House and 3900 sf partially air-conditioned workshop/office space. Preview the video tour of this property (click on link below) but it must be seen in person! Gary Rogers TX#16304 The New Braunfels Auction Co., LLC. Phone: 830-660-2441 Property ID: 381260 Geographic ID: 0423570718 Tax Office ID: 04235707180001 Type: R Legal Description: 13.970 ACRE OF LOT 6 RYSWYK ESTATES