Auction Terms

CONDITIONS OF THE AUCTION

The Winning Bidder shall pay the Winning Bid amount IN FULL within 3 business days of the close of the auction

Any Winning Bidder that fails to remit payment will be blocked from any future auctions until such fees are paid.

An Auction may have a 'minimum bid' or 'reserve', meaning the Seller may have established an unpublished minimum bid price. The starting bid is not necessarily the minimum bid or reserve.
In order to win the auction, a bidder must meet or exceed the minimum bid price and have the highest bid.

In some instances, the Auctioneer may place bids on behalf of the Seller to meet the minimum bid or reserve amount.
If no bidders meet the minimum bid price, the Seller is under no obligation to sell the property.

The Seller may withdraw any Auction at any time without notice.

RULES REGARDING MULTIPLE HIGH BIDS AND MULTIPLE PURCHASES

A Bidder is allowed to be the current High Bidder in a maximum of 1 Auction in any 7 day period. Established customers can request to have this limit increased.

A Bidder may not purchase more than 1 parcel until payment has been made on the initial purchase. We reserve the right, at any time, to limit the number of bids and purchases made by any Bidder.
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TERMS AND CONDITIONS
IMPORTANT - READ CAREFULLY

BIDDER'S ACKNOWLEDGMENT

Upon successful closing of each auction, the parcel is 'SOLD' to the highest bidder and the purchaser is bound to the purchase and the sale is final. All properties are sold in 'As-Is/Where-Is with all Faults' condition with no warranties expressed or implied other than marketable title free and clear of all liens and encumbrances upon payment in full.

If a verifiable defect in the title is discovered the seller will work to resolve such issues and shall be allowed ample time to do so prior to other options being considered. If said title issue cannot be resolved, a full refund will be granted to the buyer(s) in addition to a 10% discount of up to $2,000 off the purchase price of another of our available properties as a bonus for the inconvenience.

Buyer agrees that it is the purchaser's responsibility to conduct their own due diligence, verify all information provided and make informed decisions based on the purchaser's own research and investigation. By participating in the auction and bidding, it is implied that each Bidder has conducted its own due diligence or is waiving his or her rights to it. The bidder hereby acknowledges and agrees to be bound to the Term and Conditions herein.

All information contained in each auction is deemed reliable but is not guaranteed to be free from errors, although every precaution has been taken to ensure the accuracy of the information. The Seller and auctioneer will not be responsible for any errors or omissions. Taxes, association dues and other recurrent costs are estimates based on the previous year's billings; these costs may be assessed at different rates in subsequent years. The buyer should contact the applicable property owners' association if any for the current assessment amount. Buyers should carefully verify all costs and assessments, inspect the property and bid accordingly.

PROPERTY INSPECTION

All Bidders must fully complete their Property due diligence prior to the Auction. Winning Bidders shall represent, covenant, and warrant that they are purchasing the Property relying solely on their independent inspection of the Property in its existing condition and that Buyer has physically inspected and fully investigated the suitability of the parcel, including the availability of utilities, water, sewage and means of access. Neither Sellers nor Auctioneer shall be liable for any allowance, adjustment or revision based upon the failure of the Property to conform to any specific standards.

All of the properties will be sold by the seller and auctioneer 'as is, where is and with all faults. All prospective purchasers agree that they are acquiring the property in its present condition as of auction day, with all defects and with all faults, whether known or unknown, presently existing or that may hereafter arise. All purchasers agree that sellers and auctioneer have not made any representations, warranties, promises, or guarantees of any concern or with respect to the property.

You should personally inspect all properties you are interested in purchasing. Your inspection should include a complete, in-person inspection of the property, It is the responsibility of all bidders to inspect each property they desire to bid upon prior to the auction and to satisfy themselves as to its physical condition. You may wish to consult with a licensed real estate broker in connection with any prospective bid.

The Winning Bidder/Buyer is solely responsible for locating their property and Seller assumes no responsibility or liability for a Buyer's inability to locate or failure to properly identify their property. Regardless of any prior surveys in hand or existing markers in the ground, Seller strongly advises the Buyer to have their property professionally surveyed immediately prior to the commencement of any improvement or construction.

Offers made at this Auction are void where prohibited by law. Any information on any website, in any brochure, e-mail or postcard and any and all information available regarding the Properties shall not constitute an offer to sell or a solicitation of any offer to buy any of the Properties referenced herein. In addition, and without limitation of the foregoing, any website or brochure shall not constitute an offer to sell or a solicitation of any offer to buy nor shall there be any sales of any of the Properties in any state in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the applicable securities laws of that state.

No Federal or State agency has judged the merits or value, if any, of this property.

All Terms Subject To Change.