Terms & Conditions

Contract for Sale of

Real Property: Each property is offered under the specific terms provided

in the contract. The Contract for Sale of Real Property is available at

www.rowellauctions.com.  Please read and

review the contract thoroughly prior to bidding on the property. If you have

not read and reviewed the Contract for Sale of Real Property, Please Do Not

Bid!

Rowell Auctions, Inc. has the sole authority to resolve any bidding disputes as

they may arise.

Auction

End Times: All Rowell Auctions, Inc. Online Real Estate Auctions are

timed events and subject to extended bidding due to bidding activity. Rowell

Auctions, Inc. reserves the right to adjust the auto extension time period.

Example: Rowell Auctions, Inc. Online Only

Real Estate Auctions have a “Dynamic Close” auto extend feature. A bid placed

within 5 minutes of the advertised auction end time will automatically extend

the auction and reset the timing remaining in the auction to 5 minutes

remaining. Example: If an auction scheduled to end at 2:00 p.m. receives a bid

at 1:59 p.m., the “Dynamic Close” auction extension is activated, and the close

time of the auction automatically extends to 2:04 p.m. The “Dynamic Close”

auto-extend feature remains active until no further bids are received on any of

the properties in the entire bidding group of properties within the auto extend

time frame at which time the auction will close.

Bidder

Verification: The identity of all bidders will be verified, and bidding

privileges are provisional. If complete verification is not possible, Rowell

Auctions, Inc. reserves the right reject the registration, and bidding activity

is subject to termination.

Terms: At

the close of the auction, successful bidder will be emailed the contract

package to execute and return to Rowell Auctions, Inc. Successful bidder will

deposit 15% of the contract price as earnest money in the form of cashier's

check or bank wire transfer with Rowell Auctions within 24 hours of receipt of

the contract package. The entirety of the remaining balance is due at closing

as stipulated in the “Contract for Sale of Real Property”. Purchaser shall be

responsible for all wire transfer fees.

Buyer's Premium: A

10% Buyer’s Premium will be added to the bid price to determine the final

contract price.

10% Buyer's Premium

Example:

Bid Price: $100,000.00

Plus 10% Buyer's

Premium: $10,000.00

Total Contract Price:

$110,000.00

Contracts: Contract

Packages will be sent by e-mail to the successful high bidder at the conclusion

of the auction. The successful high bidder must execute and return the package

back to Rowell Auctions, Inc. along with the required earnest money deposit

within 24 hours of receipt. Successful high bidders not executing and returning

their contract with earnest money deposit within 24 hours of receipt will be

considered in default and subject to an Administrative Fee (as defined below). All

Administrative Fees are non-refundable.

Auction Administrative

Fee: In the event a winning bidder fails to submit the signed

"Contract for Sale of Real Property" and the earnest money deposit as

provided in the pre-stipulated Auction Terms, the winning bidder will be

charged an administrative fee of $2,500.00 on the credit card provided at

auction registration. Additional default remedies are reserved by Seller and

Rowell Auctions, Inc. and the as provided in the Auction Terms & Conditions

and the "Contract for Sale of Real Property". All administrative

fees are non-refundable.

Closing: Time

being of the essence, the sale shall be closed on or before March 20, 2026. The

purchaser will pay for all closing costs associated with the transaction.

Please refer to the Contract for Sale of Real Property, it is the document that

governs the sale.

Agency Disclosure: In

all transactions, Rowell Auctions, Inc. is acting as agent for the seller, not

as buyer's agent. Rowell Auctions, Inc. reserves the right to remove or cancel

the bids and or bidding rights and privileges of any party, deemed not to be in

the best interest of the seller, at any time. At auctions with reserve, the

seller and/or auctioneer reserves the right to bid on the Seller’s behalf.

 On all auctions, auctioneer reserves the right to bid on auctioneer’s

behalf as permitted by law.

Disclaimer: All

information contained herein is believed to be correct to the best of the

auctioneer's knowledge. The information is being furnished to the bidder for

the bidder's convenience and it is the responsibility of the bidder to

determine that information contained herein is accurate and complete. Any

reliance on the contents shall be solely at the bidder’s risk. Bidder must

conduct and rely solely upon their own investigations and inspections. The

property is being sold "AS IS" with any and all faults. Please review

all information supplied and seek appropriate assistance prior to bidding.

THANK YOU FOR PARTICIPATING IN OUR AUCTION!