REAL ESTATE TERMS & CONDITIONS OF SALE

1. BIDDING & REGISTRATION
All bidders must register online through HiBid and provide a valid credit card as required by the platform.
Credit Card Security: HiBid maintains access to bidders' credit card information. FHRA, Inc. Real Estate & Auction does not have access to bidders' full credit card information.
Bidding includes online pre-bidding, live in-person bidding, and live webcast bidding.
Unless the auction is specifically advertised as ABSOLUTE, the sale is subject to owner confirmation.

2. BUYER'S PREMIUM
A 10% buyer's premium will be added to the winning bid to determine the total contract purchase price.

3. EARNEST MONEY / CONTRACT DEPOSIT
A 10% deposit of the total contract purchase price, including the buyer's premium, is due:
Live bidders: On the day of the auction.
Online bidders: Within 24 hours after the auction closes.
The deposit must be paid by a good personal or business check, cashier's check, or wire transfer, subject to the Auctioneer's instructions. Any check must be acceptable to FHRA.
The deposit will be credited toward the purchase price at closing. The deposit is non-refundable except as provided in the written purchase agreement or required by law.
Failure to pay the deposit within the required time may constitute a default under the purchase agreement.

4. CLOSING & FINAL PAYMENT
Closing must occur on or before 30 days from the auction date, unless otherwise agreed to in writing.
The remaining balance is due at closing and must be paid with certified funds.
This sale is not contingent upon the Buyer obtaining financing or loan approval.
The Seller will convey the property by general warranty deed unless otherwise stated in the property description or purchase agreement.
Title search, title insurance, and loan-related fees are the Buyer's responsibility unless otherwise agreed in writing. Time is of the essence. Buyers should arrange financing and confirm their ability to close before bidding.

5. REAL ESTATE TAXES
Real estate taxes for 2026 will be prorated between the Seller and Buyer as of the closing date.

6. POSSESSION
Possession will be granted at closing upon delivery of the deed and payment in full of the purchase price, unless otherwise stated in the purchase agreement.

7. PROPERTY CONDITION AS-IS, WHERE-IS
All real estate is sold AS-IS, WHERE-IS, WITH ALL FAULTS, without warranties or representations, express or implied, except as provided in the written purchase agreement or required by law.
Buyers are responsible for conducting their own inspections and due diligence before bidding. This may include, but is not limited to:
Structural condition and other physical defects
Utilities, water supply, and septic systems
Radon, mold, and other environmental concerns
Lead-based paint
Acreage, boundaries, and surveys
Access, zoning, restrictions, and easements
Bidding is not contingent upon financing, inspections, appraisals, or surveys. Buyers must satisfy themselves as to the property's condition, suitability, and value before bidding.

8. LEAD-BASED PAINT
Residential properties built before 1978 may contain lead-based paint and lead-based paint hazards.
Applicable federal disclosure requirements and inspection rights will be observed. Buyers must comply with the inspection deadlines and documentation requirements provided for the property.

9. EASEMENTS, RESTRICTIONS & BOUNDARIES
The property is sold subject to applicable easements, rights-of-way, restrictions, covenants, zoning ordinances, and other matters affecting the property, whether recorded or otherwise legally applicable.
Acreage, square footage, dimensions, and boundaries obtained from tax records, public records, deeds, or other sources are approximate and are not guaranteed.
Buyers requiring exact acreage, dimensions, or boundaries should obtain an independent survey before bidding.

10. AGENCY & STAFF PARTICIPATION
The Auctioneer and Auction Company represent the Seller exclusively unless otherwise disclosed in writing.
Agents, auctioneers, employees, and staff affiliated with FHRA, Inc. Real Estate & Auction may bid on and purchase the property on their own account, subject to applicable law and required disclosures.
For auctions subject to owner confirmation or reserve, the Auctioneer or authorized representatives may bid on behalf of the Seller as permitted by law and the announced auction terms.

11. ONLINE BIDDING & TECHNICAL DIFFICULTIES
Online bidders are responsible for maintaining a reliable internet connection and ensuring their bids are properly submitted.
If technical difficulties or system malfunctions occur, the Auctioneer and/or Auction Company reserves the right, as permitted by law and platform rules, to extend or reopen bidding or postpone or reschedule the auction ending.

12. ANNOUNCEMENTS
Announcements made on the day of the live auction, or official addenda posted for online auctions, take precedence over conflicting advertisements, printed materials, and prior statements.

13. INSURANCE & SAFETY
Buyers are encouraged to contact their insurance agent before bidding to confirm insurability and arrange appropriate coverage.

The Seller, Auctioneer, and Auction Company are not responsible for accidents or injuries occurring on the property or at the auction, except where liability cannot be excluded by law.

14. ACCEPTANCE OF TERMS
By registering and bidding, all bidders acknowledge that they have read and agree to these terms and conditions, the applicable purchase agreement, and any official addenda.
IF YOU DO NOT AGREE TO THESE TERMS AND CONDITIONS, DO NOT BID.

15. No Broker Coop offered on this auction.