1.     The auction is open to everyone to register. In order to register please follow the online instructions for seller pre-approval. To bid on our property you must be of legal age to enter into a contract to purchase real estate.

2.     Registration:  In order to register to bid online, you need to sign an Online Bidder Pre-Approval Form provided under "Documentation".  For more instructions, follow the online instruction for the seller pre-approval once you click the button to bid.

3.     Upon being declared the winning bidder you will be notified by email and be required, within 24 hours, to sign and return a Real Estate Purchase Agreement along with a deposit of 10% of the total contract price.  The 10% deposit will be credited to the buyer at closing.

4.     The purchase contract is available for inspection and review. The terms are not negotiable upon being declared the winning bidder.

5.     All contracts are cash, “As Is”, with closing on or before March 30, 2012.

6.     The closing will take place at the office of the closing agent designated by the seller.

7.     If you are outbid by another bidder, you will receive an email notice so you can return and increase your bid of you so desire.

8.     The bidding will be open and everyone will have access to the bid history during the auction.

9.     As the auction nears the ending time it will auto-extend until bidding is silent for 1 minute.

10.   If there is more than one high bid at the sale level (a tying bid), the bid first submitted will be honored.

11.   The high bidder will be notified via email after the auction ends.

12.   All bidders are encouraged to personally inspect the real estate being offered. The property will be sold in "AS-IS" condition. The buyer will be responsible for all closing costs including, but not limited to documentary stamps, title insurance and all other closing costs. Real estate taxes for 2012 shall be the responsibility of the buyer. No representation is made with respect to suitability for any intended purpose or use. Please inspect the property and records prior to making any bids. 

13.   The auctioneer's decisions relative to bidding increments, order of sale and any disputes between bidders will be final. Elliot Paul & Company shall have the right to cancel or withdraw the property at its sole discretion.

14.   Please be advised that the auctioneer shall offer the property sold to the highest bidder regardless of price. 

15.   Broker participation is invited and any licensed real estate broker is eligible to earn commission equal to twenty percent (20%) of the net commission provided their client has been registered with the office of the auctioneer. 

a) The prospect must be registered in writing with Elliot Paul & Company and countersigned by the broker/salesperson. The registration must be received 24 hours prior to the auction by U.S. Postal Service or Facsimile (772) 219-8206.

b) Broker/Salesperson acting as principals are excluded from receiving commissions.d) Broker/Salesperson must be procuring cause.

e) Commission will be paid at the successful closing of each transaction

14.   The method and order of sale shall be at the sole discretion of the auctioneer. The auctioneer may change or modify the Terms and Conditions of this auction by updating online material. Any such change shall take precedence over   previously printed material or oral statements made.   

15.   Bids will be accepted only from bidders that have duly registered in accordance with the terms and conditions of sale.

16.   A ten percent (10%) buyers premium will be added to the high bid made and taken and included in the total contract price.

17.   The purchase contract provides for payment of the balance of the total purchase price be made no later than thirty (30) days from the auction date. TIME IS OF THE ESSENCE.

18.   As required by Florida Statute 475, which regulates the sale of real estate in Florida, Elliot Paul & Company represents the seller in this transaction.

19.   All information contained in the auction brochure, newspaper advertising, bidder information or supplied either in writing or verbally by staff members was derived from sources believed to be reliable, but not guaranteed. Buyers shall rely on their own information, judgment and inspection of the property and records. 

20.   Bidders are encouraged to preview the property.