Real Estate Auction Terms and Conditions
The following are the terms and conditions of the auction today. Please review, and if there is anything that you do not understand, please see the Auctioneer/R.E. Broker.
âœ¦ All of the real estate being auctioned today is done so with a RESERVE and subject to seller and leinholder confir- mation.
âœ¦ You should be registered and have obtained a bidder’s number in order to be able to bid today. If you have not done so, please go to the registration table and obtain your bidder number.
âœ¦ A 5% Buyer’s Premium is being charged for all property; 5% will be added to your bid to determine the total pur- chase price.
âœ¦ The high bidder (subject to seller and leinholder confirmation) on the real estate will pay a $25,000 deposit
and sign the real estate sales contract immediately after the auction. The closing will be within the next 30 days
at Buyers Expense.
âœ¦ Title insurance will be available at the expense of the Purchaser. All taxes will be prorated as of the closing date, and
the buyer will pay all closing costs.
âœ¦ All property is being sold today “As Is / Where Is”. The only guarantee from the seller is a valid, good and market-
able title to the property. Neither the seller nor Auctions First or Nick Clark R.E. Broker or any of its employees are giving any warranties other than the seller’s title warranty. The property is being sold subject to all easements, covenants, conditions, zoning, and any other existing matters. Information contained, herein is deemed to be accurate but not guaranteed. Bidder should verify all information.
âœ¦ Auctions First and Nick Clark R.E. Broker are acting exclusively for the seller as auctioneer and R.E. Broker.
âœ¦ No property will be sold with contingencies in the contract including any financing contingency.
âœ¦ We assume by your attendance and participation in this auction that you have reviewed all available materials and are
prepared to purchase the property under these terms and conditions.
BID DEPOSIT/DOWN PAYMENT
A Non-Refundable Bid Deposit/Down Payment of $25,000.00 is required. Failure by the winning bidder to sign the real estate contract will result in the forfeiture of any monies paid as a bid deposit
and/or down payment.
BIDDING ON LINE
Bidders must provide prior to the auction a Cashier’s Check for $25,000.00 drawn on a US bank. This money is non-refundable to the successful bidder.
NOTICE TO ALL BIDDERS
The information included herein is a summary of information available from a variety of sources including the seller, most of which have not been independently verified. This summary has been provided for the use of the prospective bid- ders at the public auction. Accuracy is not guaranteed.
All information and opinions are supplied herein without any warranties or representations; either expressed or im- plied whatsoever from Auctions First or Nick Clark R.E. Broker, the sellers, or any of their respective representatives, agents, or employees. All properties being sold will be sold in “AS IS, WHERE IS” condition and neither Auctions First nor Nick Clark R.E. Broker, the sellers, nor their respective representatives, agents, nor employees make express or implied warranties of any kind. Terms and conditions announced prior to the start of the Live Auction today take
precedence over all other previously provided terms and conditions.
5% BUYERS PREMIUM IS IN EFFECT • ANY DEPOSITS/DOWN PAYMENTS ARE NON-REFUNDABLE I have read, understand and agree to the above terms and conditions.
Signature
Address _______________________________________________________
City, State, Zip _________________________________________________
Date
DL #___________________________________
State ________

Commercial Real Estate Auction 820 Wilson Drive

150,000 square foot Commercial Building at Prime Location in Madison County