Lot # : 6 - Master Bedroom

TERMS AND CONDITIONS OF THE SALE OF THE REAL ESTATE   1.  THIS IS NOT A FORCED AUCTION SALE. SELLER RESERVES THE RIGHT TO ACCEPT OR REJECT THE BID. 2.  ANNOUNCED TERMS SUPERCEDE ALL WRITTEN ONES. 3. POTENTIAL BUYERS OF THE REAL ESTATE MUST REGISTER AND GET A BIDDERS NUMBER PRIOR TO THE AUCTION 4.  THIS PROPERTY IS BEING SOLD "AS-IS--WHERE-IS" WITH NO WARRANTIES OR GUARANTEES BEING EXPRESSED NOR IMPLIED  5.  AN INTERESTED BUYER MAY MAKE AN APPOINTMENT AT ANYTIME PRIOR TO THE AUCTION FOR THEIR OWN INSPECTOR(S) TO COME IN AND INSPECT THE HOME ON THE PROPERTY AND WE WILL GLADLY ACCOMMODATE YOUR TIMES TO DO SO.  6.  A PROSPECTIVE BUYER MUST BRING A CASHABLE $5,000 PERSONAL CHECK WITH THEM TO PRESENT TO THE BROKER IF HE/SHE IS THE HIGH BIDDER AND THE MONEY WILL BE PLACED IN ESCROW.   7.  BUYER MUST BE ABLE TO CLOSE WITHIN 45 DAYS, IF NOT BEFORE.  IF, FOR ANY REASON, THE BUYER IS UNABLE TO CLOSE WITHIN 45 DAYS THE BUYER WILL FORFEIT THEIR $5,000 BACK TO THE AUCTION COMPANY.  8.  THERE WILL BE A 5% BUYERS PREMIUM IN EFFECT ON THE SALE OF THIS PROPERTY.  (EXAMPLE) IF THE GAVEL PRICE IS $250,000 THEN 5% ($12,500) WILL BE ADDED TO DETERMINE THE SALE PRICE OF $525,000.  9.  BROKER PARTICIPATION IS ENCOURAGED.  IF A BUYER IS REPRESENTED BY A LICENSED AGENT, THEIR SALESPERSON MUST REGISTER THEIR CLIENT 48 HOURS PRIOR TO THE AUCTION, AND ATTEND ANY SHOWINGS OF THE PROPERTY AND NEGOTIATE A REASONABLE OPENING BID FROM THEIR CLIENT.  A 2% COMMISSION WILL BE PAID TO THE QUALIFYING BROKER OR SALES PERSON ON THE GAVEL PRICE IF THEIR CLIENT IS THE BUYER OF THE PROPERTY.  NO COMMISSION WILL BE PAID TO A BROKER OR SALES PERSON IF HE/SHE IS A PRINCIPLE PARTY IN THE PURCHASE OF THIS PROPERTY. BROKER: KENNETH LIPTON, #304319 PHONE: 361.449.5430 NOTE: YOU DO NOT HAVE TO BE REPRESENTED BY A BROKER/SALES PERSON IN ORDER TO BID ON THIS PROPERTY.