CONTRACT FOR SALE OF REAL PROPERTY:
Contracts will be drawn by Charles F. Reams, Esq. Contracts are available prior to auction and/or read online at www.AuctionBlvd.com. This property is offered under the specific terms provided in the contract. The Contract to Buy and Sell Real Property is available at www.AuctionBlvd.com, located in the Catalog section of this listing. Please read and review the contract thoroughly prior to bidding on any property. If you have not read and reviewed the Contract to Buy and Sell Real Property, Do Not Bid!
Prospective buyers MUST register in order to bid. Bidders may register in advance or on sale day beginning at 5pm. Any individual bidding on the real estate offered on auction day must provide a non-refundable earnest money deposit in the form of cash, cashier’s check, certified check, personal or business check, made payable to “Auction Boulevard”, in the amount of $10,000.00. Earnest money deposit MUST be delivered at the time of contract signing. If you are the high bidder during the auction but fail to sign the contract as presented the seller retains all rights to pursue legal remedies to enforce your bid.
At the close of the auction, successful bidder will execute a contract and will provide a deposit of $10,000.00 in the form of cash, cashier's check, certified check, personal or business check, as non-refundable earnest money, with Auction Boulevard. The entirety of the remaining balance is due at closing.
A 10% buyer's premium will be added to the bid price to determine the final contract price.
Buyer's Premium Example:
Plus 10% Buyer's Premium: $10,000
Total Contract Price:
In the event of any dispute, the auctioneer’s decision is final. The auctioneer reserves the right to accept bids in only the increments he feels are in the best interest of the seller. Any announcements made at the start of or during the auction will supersede any printed materials or previous statements.
Time being of the essence, this sale shall be closed on or before December 16th, 2015. The seller will pay for preparation of the deed of conveyance, and all ad valorem taxes up to the date of closing. HOA fees and condominium assessments, if any, will be prorated up to the date of closing. Closing fees will be split 1/2 buyer, 1/2 seller. The purchaser will pay all other closing costs associated with this sale.
Property Inspection will be available October 29. 2016, 10:00am – 3:00pm, November 5, 2016, 10:00am – 3:00pm, And, November 9, 2016, 4pm – 6pm.
A three percent (3%) bid price commission is available to properly registered brokers. A Broker Participation Form with complete instructions is located within the Catalog section of this listing. This form must be submitted via mail or email to Auction Boulevard, according to the terms set forth in the Broker Participation Form.
In all transactions, the auctioneer is acting as agent for the seller, not as buyer's agent.
All information contained herein is believed to be correct to the best of the auctioneer's knowledge. The information is being furnished to bidders for the bidder's convenience and it is the responsibility of the bidder to determine that information contained herein is accurate and complete. Any reliance on the contents shall be solely at the recipient's risk. Bidders must conduct and rely solely upon their own investigations and inspections. The property is being sold 'AS IS' with any and all faults and the Contract to Buy and Sell Real Property shall be a non-contingent contract. Please review all information supplied, and seek appropriate assistance prior to bidding. Auction Boulevard is not responsible for seller’s inability to close. Earnest money checks will be deposited to our real estate trust account and credited to buyer at closing. Buyer should perform all “due diligence” prior to bidding. No financing, inspection clause, title review, or other contingencies will exist on the real estate contract. Contracts will be drawn by Charles F. Reams, Esq. Contracts are available prior to auction online at www.AuctionBlvd.com. All auction properties are sold as-is and in their current condition. All measurements, descriptions, and statements in any printed material, at the open houses or during the auction are approximate only. Square footage is according to assessor records. Title insurance has already been placed and is available for inspection.