This is a LIVE & ONLINE SIMULCAST Auction. Pre-bidding is available now, auction will go LIVE on Tuesday, August 3rdat 12:00 PM EST.
PLEASE READ ALL OF THE TERMS AND CONDITIONS BEFORE BIDDING. BY CHOOSING TO BID IN THIS AUCTION YOU ARE AGREEING TO ALL OF THE FOLLOWING TERMS AND CONDITIONS AND AGREEING TO HONOR THEM.
1. Broker is the agent of the Seller of the property offered for sale by auction and Broker and Seller have agreed that this sale is to be conducted by including a buyer's premium of 1%,for ONLINE bidders only, upon high bid price as determined by the Broker ("Buyer's Premium"). The actual contract sales price shall be the sum of the successful high bid plus the Buyer's Premium. (Ex: High Bid of $100,000 plus 1% Buyer's Premium of $1,000 = $101,000 contract sale price.)
2. In consideration for the Seller and Broker allowing Bidder to bid at the auction of the Property, Bidder hereby acknowledges and agrees that if Bidder is the successful high bidder for the Property, then Bidder will enter into a purchase and sale contract on the day of the auction, under the terms and conditions stated in the auction materials.
3. 10% Earnest Money deposit in the form of a certified check, cash or wire transfer will be due within 72 hours of auction closing (Friday, August 6th by close of business) for ONLINE bidders. Earnest Money for ONSITE bidders will be due on auction day. The balance of the contract purchase price will be due at closing, within 30 days. If paying Earnest Money by wire transfer, a $25 fee must be added.
4. All final payment of funds is due on or before 30 days post auction.
5. Johnson Properties Realtors & Auctioneers, Inc. makes no representations or warranties, expressed or implied, concerning the property. Descriptions of the property are believed to be correct, but are not guaranteed. It is the Buyer's responsibility to conduct any inspections prior to the auction. Johnson Properties Realtors & Auctioneers, Inc. has attempted to find or locate all information deemed material facts. Ultimately, it is the Buyer's responsibility to inspect all aspects of the property before placing a bid. No sale shall be invalidated by the Buyer as a result of he/she not conducting their own inspection prior to bidding. It is automatically acknowledged by placing a bid that you have personally inspected the property, hired an agent to inspect the property or waived your right to inspect the property.
6. All properties are offered "AS IS, WHERE IS" with no warranties either written or implied. Potential buyers are encouraged to research all property attributes (i.e. zoning, lot size, water and sewer availability and access, buildable or non-buildable, easements, encroachments, any governmental or private restrictions, restrictive covenants, etc.) to ensure that the property meets their intended use prior to bidding. The current appropriate county GIS information and aerial representations are provided as a courtesy, but are NOT GUARANTEED for accuracy.
7. REAL ESTATE BROKER/AGENTS: A 2% commission will be paid to any qualified broker who is duly licensed and whose properly registered client successfully buys and closes on the property. To qualify for a commission, the licensed broker/agent must first register the prospective bidder on the Johnson Properties Broker Participation Acknowledgement Form (provided by the auction company). Registration letters must be countersigned by the prospect and include the broker's and agent's license number, identification of the property, any agency disclosure statements, the letter and participation acknowledgement form. Commission is contingent upon, and will only be paid if the broker participation form is received by the Auction Company no later than 12:00 P.M. Friday, July 30, 2021. Johnson Properties will accept only one client per auction from any one Real Estate Broker/Agent.
8. Neither the US Marshals nor Johnson Properties Realtors & Auctioneers, Inc. makes any representation of the condition or suitability of any property for any purpose. All properties are being sold "as is" in their present condition with all faults if any. NCAL: 7340