LIBERTY AUCTION & REALTY
REAL ESTATE AUCTION TERMS AND CONDITIONS
1. A 10% BUYERS PREMIUM WILL BE ADDED TO THE FINAL BID TO REACH THE TOTAL SALES PRICE AND TOTAL CONTRACT PRICE FOR REAL ESTATE AND PERSONAL PROPERTY.
2. TERMS ON REAL ESTATE ARE 20% DOWN THE DAY OF AUCTION; BALANCE DUE WITHIN 45 DAYS UPON DELIVERY OF DEED. PAYABLE BY CASH, CASHIERS CHECK, OR PERSONAL CHECK. TAXES WILL BE PRORATED.
3. BUYER IS RESPONSIBLE FOR TITLE SEARCH, IF DESIRED. BUYER IS ALSO RESPONSIBLE FOR STATE TRANSFER TAX, RECORDING OF THE DEED, AND THEIR PORTION OF THE ATTORNEY FEES.
4. LIBERTY AUCTION & REALTY AND ALL AGENTS WORKING AT THIS AUCTION ARE ACTING AS AN AGENT FOR THE SELLERS.
5. ANY REAL ESTATE TERMS AND INFORMATION SUPPLIED IN THE TERMS AND CONDITIONS CONCERNING TAX AMOUNTS AND OTHER INFORMATION ARE SUPPLIED TO ACCOMMODATE THE PURCHASER(S). IT IS THE PURCHASER’S SOLE RESPONSIBILITY TO HAVE COMPLETED THEIR OWN DUE DILIGENCE, SURVEY, RESEARCH, INSPECTION, AND SHALL BID ACCORDING TO THEIR DUE DILIGENT SURVEY
6. NO ONE SHOULD MAKE A BID THAT HE/SHE DOES NOT WANT TO HONOR OR IS NOT FINANCIALLY ABLE TO HONOR. THERE IS NO CONTINGENCY IN THE CONTRACT SUBJECT TO THE PURCHASER OBTAINING LONG TERM FINANCING.
7. FAILURE TO PAY THE BALANCE DUE WILL REQUIRE YOU TO FORFEIT YOUR EARNEST MONEY AND BE SUBJECT TO ALL TERMS STATED IN THE CONTRACT.
8. ALL PROPERTY SELLS SUBJECT TO EXISTING EASEMENTS.
9. POSSESSION OF PROPERTY WILL BE GIVEN UPON DELIVERY OF DEED.
10. PROPERTY AND IMPROVEMENTS ARE BEING SOLD IN THEIR PRESENT CONDITION. NO IMPROVEMENTS WILL BE MADE. THERE ARE NO WARRANTIES OR GUARNANTEES EXPRESSED OR IMPLIED AS TO CONDITION OR FITNESS FOR A PARTICULAR PURPOSE OR PARTICULAR USE.
11. PURCHASER(S) ARE INFORMED THAT THE SELLERS AND LIBERTY AUCTION & REALTY ARE NOT EXPERTS OR QUALIFIED TO OFFER ANY INFORMAITON CONCERNING ENVIRONMENTAL HAZARDS, ASBESTOS HAZARDS, ETC. AND MAKE NO WARRANTY, GUARANTEE, OR STATEMENTS IN CONNECTION WITH SUCH.
12. AUCTIONEER AND BROKER ARE NOT EXPERTS IN DETERMING ENVIRONMENTAL HAZARDS AND HAZARDOUS MATERIAL. PURCHASER ACCEPTS THIS PROPERTY IN ITS PRESENT CONDITION, AGREES TO HOLD HARMLESS THE BROKER, HIS AGENTS, AND LIBERTY AUCTION & REALTY FROM ANY ENVIRONMENTAL HAZARDS AND THE COST TO DEFEND HIMSELF, HIS AGENTS, OR LIBERTY AUCTION & REALTY FROM ANY CLAIMS.
13. PURCHASER HAS HAD THE OPPORTUNITY TO INSPECT THIS PROPERTY AND WILL MAKE ALL BIDS AND PURCHASE SAID PROPERTY AS A RESULT OF THEIR INSPECTION.
14. ALL PROPERTIES SOLD BY CURRENT DEEDED DESCRIPTIONS.
15. PURCHASER(S) SHALL BE RESPONSIBLE FOR THEIR OWN LIABILITY INSURANCE AND CASUALTY INSURANCE FOR THEMSELVES AND THEIR EMPLOYEES AND AGREE TO HOLD HARMLESS LIBERTY AUCTION & REALTY AND THEIR SELLERS.
16. ALL THE BIDS WILL BE SETTLED FROM THE AUCTION STAND BY THE AUCTIONEER AND HIS DECISION WILL BE FINAL. THE AUCTIONEER HAS THE RIGHT TO RE-OPEN THE BIDDING AND PUT THE PROPERTY UP FOR SALE TO ALL BIDDERS.
17. AUCTIONEER AND AUCTION STAFF RESERVE THE RIGHT TO BID OR EXECUTE ANY ABSENTEE BIDS, PHONE BIDS, OR OTHER BIDS THAT ARE TURNED IN TO THEM.
18. ALL INFORMATION USED IN THE ADVERTISING AND PROMOTION OF THIS AUCITON HAS BEEN OBTAINED FROM PUBLIC RECORDS AND OTHER SOURCES DEEMED TO BE RELIABLE AND ARE TO BE TRUE AND CORRECT. NO WARRANTIES ARE MADE TO THIS EFFECT.
