Auction Terms & Condition

All Bidders acknowledge to have read, comprehend, and agree to the following terms & conditions set forth by Jeff Boone Auction & Realty. ("Boone Auctions"). All bidders agree to be legally bound to these terms & conditions. All announcements made by the Auctioneer shall supersede any printed material.

Boone Auctions reserves the right to deny and or terminate bidding privileges at any time.

Real Estate: A 3% Buyer's Premium will be added to the highest bid amout to determine the final selling price.

For Online Bidders: By placing bids you agree to follow all of the terms and conditions, make payment, and take possession of purchased items. Although we strive to provide the best internet connections and software available, please understand that internet speeds and reliability will vary. (Boone Auctions) is providing Internet pre-auction and internet bidding as a service to the Bidder.

The Auction company is not responsible for lost connection or software failures that result in lost or unaccepted bids. Bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall Bidder have any kind of claim against (Boone Auctions) or anyone else if the Internet service fails to work correctly before or during the live auction. (Boone Auctions) will not be responsible for any missed bids from any source. Internet bidders who desire to make certain their bid is acknowledged should leave their maximum bid 24 hours before the auction begins, and confirm with the auction company if the bidder has any doubts about the process. Do not hesitate to bid or wait until the final seconds. This will be a fast paced auction and quick bidding will be required.

All online bidders are responsible for complete control of their online bidding accounts. You are 100% responsible for every bid placed under your account, accidental and intentional. Online bidding is a serious matter. You must understand exactly what you are doing at all times.

Although we strive to do this as little as possible, (Boone Auctions) reserves the right to withdraw or re-catalog items at any time.

Online Bidders understand and acknowledge that they may not be able to inspect an item as well as if they examined it in person. It is the Bidder�s responsibility to determine condition, age, genuineness, value or any other determinative factor. (Boone Auctions) shall endeavor to describe in detail each item and any pertinent information about it.

Boone Auctions will not be responsible for any errors or omissions in the description of the merchandise unless it is an intentional misrepresentation of the item itself by the seller. Bidder agrees that everything is sold As-Is and that they may not return any item they purchase.

Real Estate Terms & Conditions: Pendleton, IN Commercial Real Estate Auction
Property Address: 5208 S State Road 67 Pendleton, IN 46064 & 2924 W Huntsville Rd Pendleton, IN 46064
�Addendum A�
Auctions Terms of Sale and Conditions
Auction Date: Monday, September 21st @ 6 PM EST
1. There is a 3% buyers premium charged to the final bid price of the Real Estate.
2. Property sells with the confirmation of the seller.
3. $20,000 non-refundable deposit is required on Tuesday, September 22nd via check made payable to Jeff Boone Realty. This payment will be held in a non interest bearing account and applied toward the purchase price at a successful closing. This is a nonrefundable deposit unless by default of the Seller(s). The sale of the real estate is not contingent on financing, so it is advised that the purchaser make financial arrangements prior to bidding. The balance of the purchase price is due in cash at closing via a wire transfer or as required by the Title Company.
4. Real Estate Closing to take place within 45 days of auction or when insurable title is available.
5. A Title Insurance Policy will be issued by a company of the auctioneer�s choice. Seller and purchaser will split closing costs of sale 50/50. Any cost associated with purchaser financing is at the expense of the purchaser only.
6. Any surveys requested or required are to be at the expense of the buyer(s). When the new survey is ordered, the survey will be ordered by the Auction Company or its designated agent, and will be for the perimeter only. No information, data, or discussion is permitted by the surveyor and the buyer(s) or buyer(s) agent without authorization from the seller, auction company, or real estate broker.
7. Possession of the property will be at closing.
8. Taxes will be prorated to the day of closing.
9. If Separate owners are represented at this auction, then the terms and conditions apply to all parcels. Bidding increments are at the discretion of the auctioneer and may vary.
10. All Real Estate and property is sold As-Is without any warranty. Agent and Seller(s) make no assurances to the ability to obtain any zoning or building permits of any kind. Your bids are to be based solely upon your inspection. The sellers, auction company, real estate broker, and their representatives make NO warranty with regard to zoning classifications, specific purpose or use restrictions, easements or deed restrictions, availability or location of utilities; availability of building, driveway, water or septic permits; or any information or materials provided by any third party regarding the auction property.
11. Parcels will be sold by the dollar and not by the acre. Parcels were created by using the County Beacon GIS online mapping website and acreage amounts are approximate and as accurate as the system will allow. Parcel acreages are not guaranteed and no price adjustments will be made for variations in amounts.
12. The Auction company, Broker, or owner(s) are not responsible for accidents. Information has been provided via various printed and electronic media for the bidders�/potential buyers� review. Although this information is deemed to be reliable, it is NOT guaranteed, and should NOT be substituted for the bidders�/potential buyers independent verification and investigation of the property. The auction company and its agents including real estate broker(s) disclaim any warranty or liability for information provided.
13. At the close of the auction or within 24 hours of its completion, the high bidder(s) will be required to execute a purchase contract in the form of the Agreement to Purchase Real Estate, Addendum A, and if applicable(Lead Based Paint Disclosure, and Sellers Residential Real Estate Disclosure). These terms and documents are non-negotiable. Time is of the essence. All terms and conditions of the Agreement to Purchase Real Estate and Addendum A shall survive the closing. If any provision of the Addendum A is inconsistent with a provision of the Agreement to Purchase Real Estate, the provision of the Addendum A shall prevail and control.
14. Jeff Boone Auction and Realty and its agents and representatives, including real estate broker(s) are the exclusive agents of the sellers.
15. Seller and Buyers agree to take actions as requested to facilitate the closing of the sale including, but not limited to accommodating access by various vendors as may be required(i.e. surveyors, appraisers, etc�.)
16. Buyers attest that they _____(have) ______(have not) entered into a buyer�s agency agreement with a real estate brokerage firm other than Jeff Boone Realty.
17. Buyers Agents must make themselves known in writing by email to JeffBooneAuctions@gmail.com prior to their client bidding on the real estate or bidding on their clients behalf. Exclusive Buyers Agency Agreement must be sent in the email above proving relationship with the bidder. Buyers without outside agent representation will be represented by Jeff Boone Realty to finish the real estate transaction.

All bidders agree to receive text, email, & or postage notifications about our upcoming events.

All auctions are considered to be with reserve unless specifically stated otherwise. Reserves, if any, are not disclosed.

Thank You for reading our terms and conditions. If you have any questions please contact us.

Commercial & Residential Property Auction � Pendleton, IN (formerly the BECO business location) Online Only Auction on Monday, September 21st @ 6 PM EST 2 Parcels being sold together in one package. These two properties sit on the same corner and are connected. There is a commercial property and a residential property. Property 1 Address: 5208 S State Road 67 Pendleton, IN 46064 Property 1 is zoned Commercial and was used as an auto repair shop. Property 2 Address: 2924 W Huntsville Rd Pendleton, IN 46064 Property 2 is zoned Residential and was used as a rental house. Selling together at auction is a versatile commercial property and adjacent residential home located at the highly visible corner of State Road 67 and Huntsville Road in Pendleton, Indiana. This unique offering combines a well-equipped automotive/service facility with an additional residential parcel, making it an excellent opportunity for business owners, investors, or those seeking a live/work property. The 5,614� square foot commercial building, constructed in 1984, features multiple work areas designed for efficiency and functionality. The main shop offers 20-foot ceilings, two 12' � 14' overhead doors, a 14' � 27' service pit, hydraulic vehicle lift, radiant tube heat, and plumbed compressed air lines. A dedicated 16' � 38' paint/prep area includes a 13-foot ceiling, exhaust fan, and separate overhead door access, while an upper finished storage loft provides additional space above. The building also includes a center shop with trolley hoists, newer gas furnace, parts room, compressor room, restroom, and a spacious north work area with gas heat and exhaust ventilation. Situated on a 0.25-acre corner lot, the property offers excellent accessibility and visibility along State Road 67. Also included is the adjacent residential property located immediately east of the commercial building. The home features 2 bedrooms, 1 bathroom, and 836� square feet of living space, along with a partial basement and covered front porch. Built in 1899 with later updates, the residence sits on its own 0.25-acre lot, providing additional rental income potential, office space, employee housing, or owner occupancy. Whether you're expanding an automotive business, seeking a commercial investment with added residential value, or looking for a flexible property with multiple uses, this combined offering presents an outstanding opportunity in a desirable Pendleton location. Don't miss your chance to bid!