Auction Terms & Conditions
READ CAREFULLY AND COMPLETELY
This is an 8% Buyers Fee sale. The sale price is the high bid and the 8% buyer’s fee is an expense to the buyer.
$5,000 will be required as earnest money upon acceptance of the Sales Contract.
Closing within 30-45 days of the end of the sale. Property sells As Is, Where Is, No Contingencies, No Exceptions.
Seller retains the right to accept, reject or counter any offer. Property sells As Is and serious buyers are encouraged to have home inspection completed to confirm their confidence in buying this property. Be aware all inspections must be done prior to bidding and prior to any written offer. Seller will not accept any offer with an inspection contingency. All contracts will be prepared by the listing broker to be entered into the date of the sale.
ALL AUCTION TERMS & CONDITIONS Apply and Become Part of Any Offer
Bidding Requirements Apply:
A letter from your bank or financial institutions confirming you have sufficient funds available
to close the deal is required to be on file at our Unified Jones Auction & Realty office, 818 North Church St, Watertown, WI, prior to being approved to bid. Your bank letter must include the dollar amount of the bid permission you are requesting.
A Bank Letter Confirmation of Funds Availability template is included in the Buyer Information Packet.
Your letter may be faxed to (920) 261-6830; emailed to firstname.lastname@example.org; or mailed or dropped off at our 818 North Church Street, Watertown, WI office during normal business hours 9-5, Monday-Friday.
Please do not hesitate to call us with questions; (920) 261-6820
1. Online Bidding: Online bidding opens Tuesday, November 13, 2018 closing Thursday,
December 13, 2018 when bidding closes @ 3:00 p.m. (CT).
Approval to bid at this real estate sale is subject to Unified Jones Auction & Realty receiving a
letter from your bank or financial institution confirming you have sufficient funds available
to close the transaction per the Bidding Requirements listed above.
Confirmation may be faxed to (920) 261-6830 or emailed to email@example.com
This property sells As Is, Where Is, No Contingencies or Exceptions.
Seller reserves the right to Accept, Reject or Counter offers. All auction terms and conditions
apply and become part of any offer.
2. This is an 8% buyer’s fee sale. The sale price is the high bid and the 8% buyers fee is an
expense to the buyer. Successful bidder is required to pay $5,000 as earnest money upon
acceptance of the Sales Contract. Upon accepted offer, all earnest money becomes
Property sells As Is, Where Is, No Contingencies or Exceptions. Closing 30-45 days of the end
of the sale.
3. Bidding is not contingent on financing. Qualification for financing must be approved prior to
approval for bidding and prior to the sale. You are responsible for cash at closing within
30-45 days of the end of the sale. Possession shall be given at closing.
4. Winning bidder is contractually bound and will enter into a Contract to Purchase
immediately upon being declared the successful bidder by the auctioneer.
Upon accepted bid the winning bidder will be forwarded via email a Contract to Purchase.
A signed copy of the contract must be returned to Unified Jones Auction & Realty by
end of business or 5:00 P.M. (CT), Thursday, December 13, 2018.
Contract to Purchase may be hand delivered, faxed, or scanned and emailed.
In the event the buyer refuses to sign the Contract to Purchase and tender the earnest
money deposit the auctioneer may resell the property. The original buyer shall be
responsible for any damages and expenses for resale and collection, including reasonable
attorney’s fees. The only condition under which the earnest money and prepaid closing shall
be refunded is if the seller fails to confirm or accept the bid or is unable to deliver clear title.
If buyer refuses for any reason to close, the earnest money and prepaid fees will be
forfeited. All earnest money, less incurred expenses, will be given to the seller. Upon
acceptance of Contract to Purchase by both parties, earnest money becomes non-refundable.
5. The sale will be subject to existing zoning, ordinances, roads, restrictions of record
and easements of record. Real Estate taxes for the year of closing will be prorated
to the date of closing. Seller will provide and arrange for all title evidence.
All contracts will be prepared by the listing broker to be entered into the date of the
sale. Seller will convey title by warranty deed free and clear of all liens and
encumbrances. Any zoning or use permits, if needed, will be at the buyer’s expense.
Seller reserves the right to accept, reject or counter any offer.
6. Unified Jones Auction & Realty has been contracted as an agent of the seller to offer this
property As Is, Where Is with no warranties to buildings, wells or septic systems.
Requirements to meet DILHRs energy code are the responsibility of the buyer.
7. This information is from sources deemed reliable but no warranty or representation
is made to its accuracy. Any information on this sale is subject to verification and
no liability for errors, omissions or changes are assumed by Unified Jones Auction & Realty
as an agent of the seller or the seller.
8. Under no circumstances shall bidder have any kind of claim against Unified Jones Auction &
Realty as an agent of the seller, seller, the online bidding platform, or anyone else if the
internet service fails to work correctly, any computer interruptions, bidders failure to
refresh your browser or use the Live Catalog option as lots close.
9. This property sells As Is, Where Is condition without warranty of any kind, expressed or
implied, No Exceptions Whatsoever. Buyers should verify all information to their
Make all inspections and financing arrangements prior to the end of bidding.
Buyer acknowledges and agrees that Seller has not made and is not making any
representation statement, or warranty to Buyer about the Property, including, but not
limited to, physical aspects and condition of any portion of the Property, including
personal property included in this transaction, if any, condition of soil, feasibility,
desirability, suitability, fitness or adaptability of any part of Property, including personal
property included in this transaction, if any, for any particular use, availability of any utility
service, assessments, fees or charges that may be assessed against the Property, value of
Property or projected income and expenses, or any other matter. Buyer is purchasing
Property in an As Is and Where Is condition and acknowledges that Buyer must rely
solely on Buyers own investigation of Property. All prior negotiations and discussions have
been merged into this Offer to Purchase. Buyer acknowledges and agrees that Buyer has
not and will not rely on any representation or statement made by Seller and waives any and
all claims against Seller or its agents for any misrepresentation, negligence, fraudulent
advertising under section 100.18 of the Wisconsin Statutes, or breach of warranty.
10. All buyers must acknowledge and accept the Terms and Conditions provided at the
time of online registration. Bank Letter of Guarantee/Validation of Funds required
for bidding approval.
11. Buyer acknowledges that Seller has given Buyer adequate time and opportunity to inspect
the Property and Buyer has either already exercised this opportunity to inspect to the
extent that Buyer deems appropriate or knowingly agreed to waive such opportunity.
12. All information contained on any website description is believed to be true and correct to
the best of our knowledge and ability but IS NOT GUARANTEED. Please contact us at
(920) 261-6820 prior to bidding with questions.
13. Broker Participation is welcome. Participating brokers/agents must complete and return
the required Broker/Agent Participation form found at www.jonesauctionservice.com
Completed form may be faxed to (920) 261-6830 or emailed to:
firstname.lastname@example.org. Unified Jones Auction & Realty, LLC must receive the
completed form at least 48 hours prior to the close of the auction for the participating
broker/agent to be eligible to receive a commission. No commission will be paid if the
bidder fails to close. There can be no exceptions to this procedure.
14. Auctioneer is licensed by the Wisconsin Department of Licensing & Regulation.
15. This property is offered for sale to qualified purchasers without regard to perspective
purchaser’s race, color, sex, marital status, religion or national origin.
Winning bidder is contractually bound and will enter into Contract to Purchase immediately upon being declared the accepted bid by the auctioneer. Upon the close of the sale the winning bidder will be forwarded a Contract to Purchase via email or fax. The signed copy must be returned to Unified Jones Auction & Realty before end of business or 5:00 P.M. (CT), Thursday, December 13, 2018. The Contract to Purchase may be hand delivered, faxed, or scanned and emailed.
$5,000 as earnest money due upon acceptance of the Sales Contract to be paid with a cashier’s check or approved personal check with Bank Letter. Bidding is not contingent upon financing. All financing arrangements must be made prior to the end of the bidding. Upon accepted offer all earnest money becomes nonrefundable.
Seller: ___________________________________________Date: _______________
Buyer: ___________________________________________ Date: _______________
Broker: __________________________________________ Date: _______________