Progressive Auction and Real Estate Co. LLC

Terms and Conditions of Auction


Terms: 10% down, non refundable, auction day certified check or cash. Personal checks accepted with letter of guarantee from bank. Balance due at closing within 30 days or Delivery of Deed by Seller.

Buyers Premium: A 10% Buyer’s Premium will be added to the high bid to determine the purchase price of the property.

Agent for the Seller: Progressive Auction and Real Estate Co. LLC is acting as agent for the Seller.

Additional Conditions:

1. There are no minimum starting bids required for the property; however, Seller reserves the right to accept or reject all offers on the property. The auction shall be recorded, and if any dispute arises following the auction, the Auctioneer’s recorded records will be final in all respects.
2. Bidders are invited, urged, and cautioned to inspect the property as to any structural, hazardous, asbestos, or environmental conditions relating thereto prior to submitting a bid. Bidders are advised that houses built prior to 1978 may contain lead-based paint. The Auctioneer will assist bidders in obtaining any such authorizations that may be required in order to carry out any such inspections. Bidders shall be deemed to have relied solely on their own judgment in assessing the overall condition of all or any part of the property. The Auctioneer or his representatives, Seller, and his/her representatives, are offering this property AS IS, WHERE IS with all faults, without any warranty expressed or implied, of any kind or character, including without limitations, any warranty of habitability or fitness for a particular purpose. The Auctioneer makes no representation as to whether any parcel is classified as a buildable site. Seller and the Auctioneer and their agents shall not be liable for any damages, whether actual or direct or incidental, including without limitation, damages for loss of use or loss of income occurring by reason of the condition of such property.
3. Taxes, sizes and square footage set forth for the property are approximations only, based on best information available, but actual taxes, sizes and square footage may be different.
4. The Seller and Auctioneer have the right to withdraw the property, postpone or cancel the auction at their sole discretion without notice and to modify or add any terms and conditions either prior to or at the auction.
5. Persons buying in the name of Trusts, Partnerships, Corporations, or with a Power of Attorney must have the authorizing documents examined prior to the auction by a representative designated by the Seller.
6. Closing will be conducted by the Purchaser’s attorney and all costs legally chargeable to the Purchaser will be paid by the Purchaser.
7. This property is being offered for sale to purchasers without regard to prospective race, color, religion, sex, marital status, or national origin.


PROPERTIES MAY BE ADDED OR DELETED UNTIL THE TIME OF SALE

All information was obtained from sources deemed reliable. The Auctioneer and his agents will not be responsible for any errors or omissions herein. Oral representations cannot be relied upon as correct. However, announcements made on sale day take precedence over written matter. Conduct of the auction and increments of the sale shall be at the sole discretion of the Auctioneer.

Click here to read the Property Disclaimer



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