Real Estate Auction Terms and Conditions
Sale Date: October 20, 2007 Registration
at 10:00 A.M. Auction at 11:00 A.M.
Down Payment: A 10% down payment will
be required on the day of the auction. The balance of the purchase price shall be
due on or before August 1, 2007. If the purchaser is unable to close on or
before August 1, 2007 for any reason the down payment will become liquidated
damages to seller and auction company, not as a penalty.
Funds: The 10% down payment may be in
the form of a company or personal check drawn on an FDIC insured institution
with offices located in the state of
.
Closing Costs: The seller will pay for
the deed preparation and the Georgia Transfer Tax. The real estate taxes will
be pro-rated at closing. The purchaser will be responsible for title
examination and closing attorney’s fees, including, but not limited to the
title insurance, loan fees, title opinions etc. Marketable title will be based upon
existing deeds and descriptions.
Buyer’s Note: Information contained
herein was obtained from sources deemed reliable. Although every precaution has
been taken to insure accuracy, Auction Associates, sellers, sales managers and
all agents will not be responsible for any errors or omissions herein. With the
exception of marketable title, all properties are to be sold “as-is, where-is”
with no warranties expressed or implied.
Buyer’s Premium: A 10% buyer’s premium
will be added to the winning bid price to arrive at the total purchase price.
Auctioneers are acting as agents of the seller, not as buyer’s agents.
Announcements made at the auction take precedence over written matter. Buyers
should carefully verify all items and make their own decision as to the
accuracy thereof before relying on the same.
Agency: Auctioneer is agent of the
seller. All sales are subject to seller confirmation. Terms and
conditions may be changed at any time, up until the time of Auction. All properties subject to prior sale or withdrawal. All
information is believed to be accurate but is not warranted.
Properly registered buyer’s agents present at auction, contract signing and closing shall be eligible for 20% of buyer’s premium to be paid at closing to agent’s broker.