# REAL ESTATE AUCTION � TERMS & CONDITIONS

By registering for and/or participating in this real estate auction, all bidders acknowledge that they have read, understand, and agree to be bound by the following Terms & Conditions.

### BUYER�S PREMIUM

A **4% Buyer�s Premium** will be added to the final high bid on each real estate lot to determine the **total contract purchase price**.

**Example:** A winning bid of $100,000 plus the 4% Buyer�s Premium results in a total purchase price of $104,000.

### REQUIRED DOWN PAYMENT

Each real estate lot will state the **required down payment/deposit** within that individual lot�s description.

The successful high bidder must deliver the stated down payment **within 72 hours of the close of the auction**.

Accepted methods for the down payment are:

* Wire Transfer
* Cashier�s Check
* Check

The required down payment will be credited toward the total purchase price at closing.

### PURCHASE AGREEMENT

The successful bidder will be required to execute a Real Estate Purchase Agreement following the auction. The successful bidder is entering into a **binding agreement to purchase the property** at the total contract purchase price.

### CLOSING

Closing shall take place **within 60 days of the auction**, unless otherwise agreed to in writing by the Seller.

The remaining balance of the purchase price shall be due in full at closing.

### NO FINANCING CONTINGENCY

This auction is **NOT contingent upon the buyer obtaining financing**.

Bidders should have all financing arrangements made prior to bidding. Failure to obtain financing shall not release the successful bidder from their contractual obligation to purchase the property.

### NO INSPECTION CONTINGENCY

This auction is **NOT contingent upon any inspection**.

Bidders are encouraged to complete any desired inspections, investigations, measurements, or due diligence **prior to bidding**. The successful bidder may not make the purchase contingent upon the results of an inspection after the auction.

### PROPERTY SOLD AS-IS, WHERE-IS

All real estate is being sold **AS-IS, WHERE-IS**, with no warranties or guarantees expressed or implied, except as may be specifically stated in the purchase agreement or required by law.

Each bidder is responsible for conducting their own due diligence concerning the property, including but not limited to condition, boundaries, acreage, utilities, zoning, permitted uses, taxes, and any other matters that may affect the bidder�s decision to purchase.

### BIDDER RESPONSIBILITY

All bidders are responsible for reviewing the complete description and terms for **each individual real estate lot before bidding**, including the required down payment for that lot.

Placing a bid constitutes the bidder�s acknowledgment and acceptance of these Terms & Conditions.

### DEFAULT

The successful bidder�s obligation to purchase is not contingent upon financing, appraisal, inspection, or any other contingency unless specifically stated in writing by the Seller.

Failure of the successful bidder to complete the transaction according to these terms and the executed purchase agreement may result in **forfeiture of the down payment** and any other remedies available to the Seller under the purchase agreement and applicable law.

### AUCTION COMPANY

**Presented by C & C Auctioneers LLC**
Carson Chesley, Auctioneer
AU-006160
814-873-8144
[www.candcauctioneers.com](http://www.candcauctioneers.com)

**By bidding, the bidder acknowledges that they have read, understand, and agree to all Terms & Conditions of the auction.**

Estate # REAL ESTATE AUCTION � TERMS & CONDITIONS By registering for and/or participating in this real estate auction, all bidders acknowledge that they have read, understand, and agree to be bound by the following Terms & Conditions. ### BUYER�S PREMIUM A **4% Buyer�s Premium** will be added to the final high bid on each real estate lot to determine the **total contract purchase price**. **Example:** A winning bid of $100,000 plus the 4% Buyer�s Premium results in a total purchase price of $104,000. ### REQUIRED DOWN PAYMENT Each real estate lot will state the **required down payment/deposit** within that individual lot�s description. The successful high bidder must deliver the stated down payment **within 72 hours of the close of the auction**. Accepted methods for the down payment are: * Wire Transfer * Cashier�s Check * Check The required down payment will be credited toward the total purchase price at closing. ### PURCHASE AGREEMENT The successful bidder will be required to execute a Real Estate Purchase Agreement following the auction. The successful bidder is entering into a **binding agreement to purchase the property** at the total contract purchase price. ### CLOSING Closing shall take place **within 60 days of the auction**, unless otherwise agreed to in writing by the Seller. The remaining balance of the purchase price shall be due in full at closing. ### NO FINANCING CONTINGENCY This auction is **NOT contingent upon the buyer obtaining financing**. Bidders should have all financing arrangements made prior to bidding. Failure to obtain financing shall not release the successful bidder from their contractual obligation to purchase the property. ### NO INSPECTION CONTINGENCY This auction is **NOT contingent upon any inspection**. Bidders are encouraged to complete any desired inspections, investigations, measurements, or due diligence **prior to bidding**. The successful bidder may not make the purchase contingent upon the results of an inspection after the auction. ### PROPERTY SOLD AS-IS, WHERE-IS All real estate is being sold **AS-IS, WHERE-IS**, with no warranties or guarantees expressed or implied, except as may be specifically stated in the purchase agreement or required by law. Each bidder is responsible for conducting their own due diligence concerning the property, including but not limited to condition, boundaries, acreage, utilities, zoning, permitted uses, taxes, and any other matters that may affect the bidder�s decision to purchase. ### BIDDER RESPONSIBILITY All bidders are responsible for reviewing the complete description and terms for **each individual real estate lot before bidding**, including the required down payment for that lot. Placing a bid constitutes the bidder�s acknowledgment and acceptance of these Terms & Conditions. ### DEFAULT The successful bidder�s obligation to purchase is not contingent upon financing, appraisal, inspection, or any other contingency unless specifically stated in writing by the Seller. Failure of the successful bidder to complete the transaction according to these terms and the executed purchase agreement may result in **forfeiture of the down payment** and any other remedies available to the Seller under the purchase agreement and applicable law. ### AUCTION COMPANY **Presented by C & C Auctioneers LLC** Carson Chesley, Auctioneer AU-006160 814-873-8144 [www.candcauctioneers.com](http://www.candcauctioneers.com) **By bidding, the bidder acknowledges that they have read, understand, and agree to all Terms & Conditions of the auction.**