Auction Terms & Conditions

BUYER'S PREMIUM: A 0% Buyer's Premium will be added to the winning bid to determine the contract selling price for real estate.

AUCTION LOCATION: ONLINE ONLY

TERMS & CLOSING: Purchaser shall make a nonrefundable down payment equal to 20% of the final contract sale price at the conclusion of the auction in the form of wire transfer. Buyer shall be responsible for all wire transfer fees. Balance to be paid for a general warranty and insurable title on or before 5 business days from the close of auction. Possession with deed. In the event BUYER fails to perform according to the terms of this contract, the down payment shall be forfeited as partial liquidated damages, and not as a penalty, without affecting any of SELLER'S further remedies. If you fail to pay the sale deposit, you will be in default of your obligation to purchase the property. Default may be subject to contempt of court proceedings or other legal consequences, including potential liability for damages.

Property is selling AS IS and not subject to financing, appraisals or inspections. Buyers may obtain inspections at their own expense. Buyer is to verify lot size, square footage, restrictions, floodplain, and taxes. Worldwide Diversified Associates, LLC/Auctioneer/Broker/Seller will not be liable for this information.

PRIOR SALE: Offers will be considered prior to auction ending.

REAL ESTATE PRORATIONS: Real estate taxes to be prorated to date of delivery of Deed on property.  
_______________________________________________________________


Bidding: Online bidding is to be understood as a binding contract. Bids will be taken with the understanding that the bidder will honour their winning bid with sufficient funds in the specified time frame. Bidding shows intent to pay for the amount of bid plus the buyer's premium. PROPERTY IS OFFERED UNDER THE SPECIFIC TERMS PROVIDED IN THE PURCHASE CONTRACT. PLEASE READ AND REVIEW THE CONTRACT THOROUGHLY PRIOR TO BIDDING. Notification of the winning bid will be made following the close of auction within 1 business day after the consignor accepts the offer.

Inspections: All descriptions and information are believed correct, but are not guaranteed. The home is sold "as is" "where is" with no guarantees or warranties. It is the Bidders responsibility to inspect and research any and all descriptions and information to their complete and full satisfaction prior to bidding. Property is not subject to financing, appraisal, survey or inspections of any kind.

Easements: Subject to any and all easements of record, including road easements and utility easements.

Close of Bidding: Bidding is scheduled to close as specified per auction. All bids/offers should be made through this bidding site and shall be in accordance with the Terms and Conditions set forth for this auction.

Contract Execution: Following the auction, the successful bidder will be emailed, or delivered a contract to be signed by the prospective buyer and returned to Worldwide Diversified Associates, LLC, by personal delivery, or email no later than 2 business days from the close of auction.

Closing: Closing time and date are set per auction. The Buyer shall pay the balance of the purchase price at closing. Buyer pays the respective closing cost.

Disclaimer: Any and all documentation provided in preparation for this auction has been obtained and forwarded in good faith to potential bidders for their convenience and information only. Such information is not warranted and as such the Seller, Worldwide Diversified Associates, LLC, Auctioneers and Brokers shall not be held liable for inaccuracies in the information. Potential buyers are encouraged to obtain or verify, before the close of bidding, any information they consider critical to their decision to purchase.

Online bidding is offered as a courtesy. Worldwide Diversified Associates, LLC, the Auctioneers, Brokers, Agent, Seller, and the internet and software providers do not guarantee or warrant the online bidding procedure and/or system to operate without interruption or malfunction. REFRESH YOUR SCREEN CONSTANTLY DURING THE CLOSING MINUTES OF THE BIDDING.

Software technical Issues: In the event there are technical issues related to the server, software or any other online auction-related technologies, neither the company providing the software nor Worldwide Diversified Associates, LLC shall be held responsible for a missed bid or the failure of the software to function properly for any reason.

Bidder Verification: The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Worldwide Diversified Associates, LLC will reject the registration, and bidding activity will be terminated. Worldwide Diversified Associates, LLC reserve the right to preclude any person from bidding for any reason and are under no obligation to disclose reason for rejection.

Taxes: All real estate taxes due and payable in the calendar/fiscal year of closing shall be the responsibility of the BUYER as of the date of closing.

"As-Is" Condition: The property is being sold subject to conformation of seller and purchased in "as-is" condition, "with-all-faults and attributes", with no guarantees or warranties of any kind as to condition, fitness, use, or future use of the property and with all defects, apparent, non-apparent and latent. BUYER hereby acknowledges that they have had the opportunity to inspect and research all aspects of the property to their complete and full satisfaction prior to bidding. All information provided in advertising and otherwise is believed correct, but is not guaranteed. Potential buyers are welcome to get any home inspections they desire at their cost prior to the auction. The sale not be contingent upon any inspection, either prior to or after signing of the Auction Purchase Contract.

Penalties: Any bids found to be fraudulent will result in all appropriate legal action.

Registration: Registration is free but does require several important pieces of information. Bidders must register with a full name, address, email address, and telephone number. Registration may only be completed with an acknowledgement that the bidder has read and understood all terms and conditions for the auction and online bidding. Registration is required before company will disclose any additional information.

Binding Auction Agreement

The terms and conditions set forth in this agreement apply to the auction of the property identified on the property details page. Participation in the auction of the property indicates intent – and results in agreement – to be bound by the terms and conditions of this agreement.

Do Not Trespass or Disturb the Occupant

Until the court orders a transfer of title to the property, the current owner retains all of its rights in the property, including the right to exclude people from the property. Participation in the auction does not give anyone the right to enter the property. It is a crime to trespass on the property.

Defined Terms

A bidder is a prospective buyer who places a bid on the property.

A bid is an irrevocable offer to purchase the property at the stated price.

The contract price is the price of the property, payable by the highest bidder above the reserve price. The contract price is the sum of the winning bid and the buyer's premium.

The highest bidder is the bidder who submits the highest bid at the auction of the property, meets or exceeds the reserve price, and satisfies the terms and conditions of the auction. The winning bidder is determined by Worldwide Diversified Auctions, LLC.

Public Auction; Not a Private Sale

The auction is not a private sale of real estate. As a result, you will not receive disclosure and other documents customarily used in a private sale of real estate, such as Agency Disclosures, Property Disclosures and Lead Based Paint Disclosures.

Property Offered "As-Is" and "Where-Is" / No Contingencies

The property is offered and being sold "as is" and "where is," with all faults, defects, and limitations, whether apparent or not. If you are the winning bidder, you must accept the property in whatever state and condition the property is in, with all defects, both patent and latent, and with all faults, whether known or unknown, existing at the time or arising in the future. All repairs, inspections, surveys, or permits related to the property are at your own risk and expense.

None of the contingencies that might apply in a private sale of real estate apply to the auction of the property. If you are the winning bidder, you will not be able to make the sale subject to a financing contingency, an inspection contingency, an occupancy contingency, or any other contingency.

No Interior Access

The interior of the property cannot be inspected by you or your appraiser, lender, or real estate agent.

Registering to Bid

If you want to bid on a property, you must register in accordance with the website's registration requirements. When registering, you may not provide false information or impersonate, imitate or pretend to be someone else.

Worldwide Diversified Associates, LLC requires proof that your registration information is accurate. If you do not provide such proof, Worldwide Diversified Associates, LLC may terminate or suspend your use of the website. You may not bid on any property if you have been temporarily or permanently suspended from using the website.

If you are registering an entity, your registration constitutes a representation and warranty that you have the mental and legal capacity to enter into a contract to purchase real property and actual authority to legally bind the entity to a contract to purchase real property. If you do not have this authority, you agree that you will be personally liable for your conduct.

If any of your registration information changes, you must update it promptly. Your failure to do so is at your own risk. You will not seek to hold anyone else liable for your failure to keep your registration information up to date.

Safeguarding Your Registration Information

You are solely responsible for safeguarding your registration information and for updating and maintaining it. You are responsible for all actions taken with the use of your registration information. You may not authorise or permit anyone else to access or use your registration information, and you may not access or use anyone else's registration information. You may not sub-license, transfer, sell, rent, or assign your registration information to any third party. Any attempt to do so will be null and void.

Auction Might be Cancelled or Postponed / Sale Might be Vacated

This auction might be cancelled or postponed at any time for any reason and said reason is not required to be disclosed. You will bear all risk of loss in these circumstances and will not seek to hold anyone liable for any costs, expenses, or losses you may incur.

The Highest Bidder

Worldwide Diversified Associates, LLC has sole and absolute discretion to determine the highest bidder. If you are the winning bidder, you will have to complete and sign a Purchaser Information Form and return it to Worldwide Diversified Associates, LLC within twenty-four (24) hours of the end of the auction.

The Deed

Seller will convey title to the property. No warranties of title are made in connection with the conveyance of title.

If you wish to take title in the name of an entity, Worldwide Diversified Associates, LLC, may require documentation or information relevant to an entity's purchase of real property, such as entity formation documents and resolutions authorising the transaction, all of which must be complete and accurate at the time it is provided.

Title Insurance

Worldwide Diversified Associates, LLC does not provide an owner's title insurance policy. If you wish to obtain an owner's policy, you may contact the title company identified on the property details page for additional information. Any additional title insurance coverage will be solely at your expense.

Consequences of Defaulting on Your Purchase

If you default on your obligation to purchase the property by the payment deadline, then: (1) you agree to forfeit or pay the amount of the sale deposit to the plaintiff or judgment creditor who requested the sale of the property and further agree that such an amount is reasonable to cover the costs of your default, (2) you agree to the issuance of an order vacating the sale of the property, (3) you agree to pay damages to the plaintiff or the judgment creditor who requested the sale of the property in an amount equal to the difference between your contract price and the contract price at a subsequent sale of the property,(4) you agree to pay 30% of the listed reserve price to Worldwide Diversified Associates, LLC, (5) you agree to waive your right to litigation or dispute the amount owed due to default. You also acknowledge that your eligibility to use the website may be suspended or terminated. These consequences of default are in addition to any other remedies provided by law; you may be subject to other consequences not described in this agreement.

Disclaimers Regarding Information

The Worldwide Diversified Associates, LLC has not made, does not make, and specifically negates and disclaims any representations, warranties, promises, covenants, agreements or guarantees of any kind or character whatsoever, whether express or implied, oral or written, past, present or future, of, as to, concerning or with respect to the property, including whether any information is complete, accurate, reliable, current, or error-free. All descriptions of properties on the website are based solely on visual observations or information available from public records and are provided solely for identification purposes.

Occupancy Status

No representations are made about whether the property is occupied. If you are the winning bidder, all eviction proceedings and other duties and responsibilities of a real property owner and/or landlord, including compliance with federal, state or local laws, ordinances and regulations, will be your sole responsibility and obligation.

Amendments to this Agreement

The Worldwide Diversified Associates, LLC reserves the right to amend the terms of this agreement at any time. All amendments become effective upon posting to the website. If you object to any amendment, your sole recourse will be to stop using the website and/or participating in an auction on the website. Your continued use of the website and/or participation in any auction on the website constitutes your acknowledgement of the amendment and agreement to be bound by the terms and conditions of this agreement, as amended.

Recently REDUCED!! Now only 220,000 with arv 297,000. Stately dream home for the fix and flipper for profit or the model American family at 18902 Floralton Drive. Spring Hill, Florida 34610 This is an amazing opportunity for the person who always wanted to raise horses, goats, cattle, ostriches, or just the family dog, which has a great possibility to appreciate in the near future. This is a 3 bedroom 2 bathroom house with a detached garage along with a separate barn for all your storage needs or for the craftsman who wants to create. The house has a repurposed recreational room where the garage used to be with all the room you need for when you want to entertain or if you want to have an extra bedroom or a home office. The house has a large dinning room and living room. The kitchen has white laminate cabinets and counter tops as well as some stainless steel appliances. You can easily upgrade the counter tops to granite to convert this kitchen into a real beauty. This house has a split floor plan that only compliments its beauty. There is a lanai off the family room that leads to a large fenced yard. Almost two acres give you room to spread out and it is a corner lot with beautiful oak trees. Excellent privacy while still close to amenities. Great location close to Suncoast Expressway, shopping, restaurants, good schools, and a hospital right across the street. This is the perfect family home. We are happy to answer any questions and provide additional information. We also have videos of the interior and exterior available upon request. We require that you first register for the auction before we can disclose additional information. Registering does not obligate you in any way. ***DO NOT DISTURB CURRENT TENANTS OR OWNERS**** **** NO BUYER'S PREMIUM *****