Buyer should at their own discretion “due diligence” including but not limited to inspections PRIOR to bidding unless otherwise noted differently in auction.
To bid on any of our auctions, buyer must be of legal age to purchase real estate (18 in most states, 21 in others). If you're in doubt about the legal age to enter into contract in your state, please consult with competent legal counsel before bidding.
All bids are placed in US Dollars.
While auction is "active", all bids MUST be placed online. Written offers will not be accepted.
Buyers and agents can bid online anytime from the beginning until the end of the published auction date.
Seller reserves the right to postpone or cancel this auction at any time for any reason.
If you are outbid by another bidder, you will receive an email notice, so you can return and increase your bid if you so desire.
The bidding will be open, and everyone will have access to the bid history during the auction.
As the auction nears the ending time it will auto-extend until bidding is silent for 2 minutes.
If there is more than one high bid at the same level (a tying bid), the bid first submitted will be honored.
The high bidder and/or buyer’s agent will be notified via email and within 24 hours of auction close. the buyer(s) or buyer’s agent will receive an email for closing information. Information will be taken to prepare the “Offer to Purchase.”
A “Buyers Premium” of 6% or $5,000 (whichever is greater) will be added to the highest bid and the total will be written as the sales price in “Offer to Purchase”
Seller reserves the right to a final review of all bids received.
Seller may accept or reject or counter any bid regardless of whether there is a reserve or if reserve price has been met.
When the offer is agreed upon, the process will proceed like a traditional real estate transaction. The buyer will put up 3% of the sale amount or $2,500 (Whichever is greater) earnest money consideration to be held at Title Company handling the closing. All of the buyer(s) contingencies and/or inspection periods as outlined in the contract will begin.
Buyers without an agent please contact the listing agent for more information.
Closing will take place at agreed upon Title Company within a specified period of days as of the signing the contract.