Basic Terms of Sale for an Auction
- Property is sold as is where is with all faults
- Inspections are usually limited to be fair to all parties
- Bidders required to post deposit in Ôhard moneyÕ
- Disclosures prepared & presented prior to auction
- Price is established by open competitive bidding
- Property is sold with a free & clear title usually by deed.
- Closing is all cash usually in 30-days or less
Auctioneer is an agent of the seller and any information provided is from sources deemed reliable but is not guaranteed. Bidding at auction is a legal and binding contract to purchase on the published terms and conditions.
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