Down Payment: $5000 Down Payment on the day of auction with the balance in cash at closing. The down payment may be made in the form of cash, cashier’s check, personal check or corporate check. Your bidding is not conditional upon financing so be sure you have arranged financing if needed and are capable of paying cash at closing. Sale is not subject to appraised value.
Acceptance of bid: The Successful bidder will be required to enter into a purchase agreement at the auction site immediately following the close of the auction. The final bid is not subject to appraisal or lender approval.
Evidence of Title: Seller shall provide an owners title insurance policy in the amount of the purchase price. Buyer will supply the Buyers policy.
Deed: Seller shall provide a Deed.
Closing: The balance of the purchase price is due at closing which will take place within 30 days of presentation of insurable title. Closing costs shall be split by the Seller and Buyer 50/50.
Possession: Possession shall be 30 days after closing.
Real Estate Taxes: Real estate taxes will be prorated to the day of close. There are Homestead, Mortgage and VA exemptions currently on the home. 2018 taxes Payable 2019 are $2964.68
Survey: A new boundary survey will be completed only if necessary for Title commitment. The Seller shall determine any need for a new survey and shall order the survey. The cost of the survey will be split by the Buyer and Seller 50/50.
Agency: Bartkus Auctioneers and its representatives are exclusive agents of the Seller. Seller does authorize the Auctioneer to bid on their behalf.
Inspections: Home is being sold “AS-IS” but inspections are welcome before the auction.
ANY ANNOUNCEMENTS MADE DURING THE AUCTION PERIOD TAKE PRECEDENCE OVERPRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. THIS IS A ONLINE ONLY AUCTION.