REAL ESTATE AUCTION TERMS AND CONDITIONS

Thank you for your interest in this property. This property will be open for bids at live auction. The auction will be conducted on site of property. All bidding will be verbal, all interested parties shall have every opportunity to bid and all bids will be known by all parties. An offer to purchase contract will be signed by the high bidder immediately following and closing will be 60 days or sooner. All bidders should request a complete buyers package prior to bidding. Please arrive with plenty of time to register and hear any special announcements. Picture I.D. required.

AUCTION TERMS (summery)
Note: The following are the terms and conditions as they pertain to the bidding auction. Please refer to the offer to purchase; which reflects the complete purchase agreement.

     1.) This is a case offer with no contingencies. If buyer requires financing, we suggest that you be prequalified by your lender prior to the auction. This property is being sold as-is. Any announcements made auction day take precedence over any prior announcements or advertising.

     2) The terms of this auction will be 10,000.00 per parcel cash or cashers check (payable to your self) earnest money. No personal checks. Earnest money shall be paid the day of the auction by the high bidder. Earnest money will be deposited in an escrow account and accredited to the purchase price. In the event the high bidder is unable to fulfill there obligation to close, the earnest money will be nonrefundable. The back up bidder will then be offered the property.

     3) All property tax’s will be prorated to date of sale.

     4) The property is being sold as-is. A property discloser report is available and bidder accepts property as such.

     5) A 5% buyers premium will be charged to the buyer and added to the selling price. Example: High bid price 100,000.00, Buyers premium 5%=5000.00. The offer to purchase will be written for 105,000.00.

     6) Seller will provide clear title and  survey .

     7) Buyer shall pay title insurance policy, filing cost and all other closing cost not paid by seller.

     8) No personal property is included in the sale of this real estate.

     9) Co commission will be paid to licensed Realtors accompanying buyer if they and there buyer are registered with the auction company prior to auction day.

Information was provided by seller and 3rd parties. Property sold as-is” Please inspect and verify all information for your self. No information is guaranteed. No adjustments will be made with respect to reports and other materials provided and prepared by 3rd parties. Please be advised that the sellers, auctioneers or any of there respective agents or employees  making any representations about the truth or accuracy of any information contained in such reports and material is deemed reliable but is not guaranteed.

Proxy bids will be taken when accompanied by a $10,000.00 cashers check deposit prior to the auction. A complete offer to purchase and a discloser form must be attached. In the event that you are not the high bidder, the deposit will be returned.

INSPECTION: The bidder shall make there own inspections or pay for a licensed inspector prior to the auction. As to room size, mechanical and structural and weather or not the property is suitable for there intended use.



AUCTIONS BY RAY LOW WI. LIC# 2184-052