REAL ESTATE DEPOSIT REQUIREMENTS:
A Cashier’s Check only Deposit of $35,000 made payable to Auction Company of America Escrow Account will be required on the day of Auction to register and bid on the Property. An Additional deposit in the form of a personal check to bring the total deposit to equal 10% of the Total Contract Price must be made on the Day of Auction. No exceptions please.
REAL ESTATE CLOSING:
Balance of the purchase price is due at closing which shall be on or before 45 days following the Auction.
REAL ESTATE CONDITIONS:
A 10% Buyer’s Premium will be added to the final bid and included in the contract price. The property will be sold in “AS-IS” condition. All information was derived from sources believed correct, but is not guaranteed. All property dimensions are only approximations. Buyers shall rely entirely on their own information, judgment and inspection of the property and records. All announcements made from the Auction block will take precedence over any previously printed material or any other statements made. The Auctioneer represents the Seller in this Real Estate transaction. Seller shall provide a copy of prior Title Insurance Policy or a Title Insurance Commitment. Seller will deliver property at closing “free and clear of liens and encumbrances”.
Buyer will pay all closing costs.
AB1 &1144/AU2/RE Broker