You agree to pay a buyer's premium of 10% for this Real Estate Auction. Instructions and Bank Numbers Will be sent in an Email at the Conclusion of the Auction for the Wiring of the 10% Non-Refundable Buyer's Premium Deposit if you are Not Present at the Physical Live Auction. If Present, Payment may be made by Cash or Check. The Bidding Price will be Due at Closing which will Occur 45-60 Days from the Day of the Auction.
Terms are strictly:
* Payment by Wire on Friday - May 31. Instructions will be sent with the Bank Numbers on Thursday Evening at the Completion of the Real Estate Auction.
This Real Estate is being sold "as is & where is" with no warranty or guarantee. This means the property is sold as is without any warranty either expressed or implied. The buyer will bear any or all expenses required in repairing or correcting any defect that exists on this property or any tests required.
The property is sold as a cash sale and not on approval of a bank loan or any other financing.
The Sales Agreement :
BULLOCK'S BID 'N BUY
AGREEMENT FOR THE SALE OF REAL ESTATE AT AUCTION
This agreement, dated is between
Address
Called Seller, and
Address_________________________________________________________________________called the buyer.
Property Seller hereby agrees to sell and convey to buyer, who hereby agrees to purchase:
All that certain lot or piece of ground with buildings and improvements thereon erected, if any,
Known as: _____________________________________________________________________________
Terms: Purchase Price $__________________________________________________________________
Which shall be paid to Seller by Buyer as follows:
Cash or check at signing this Agreement: ----------------------------------------------$___________________
Cash, cashier's or certified check at time of settlement ------------------------------$__________________
(45-60) Days OR AT CLOSING
Total-------------------$___________________
Conveyance from Seller will be by fee simple deed of general warranty unless otherwise stated here:
_____________________________________________________________________________________
Transfer taxes will be divided equally between Buyer and Seller unless otherwise stated here:
_____________________________________________________________________________________
The following shall be apportioned pro-rated as of and at time of settlement: taxes as levied and assessed.
Unless otherwise stated here: ______________________________________________________________
Special Clauses: Any or all property sold as is where is. This means the property is sold as is without any warranty either expressed or implied. The buyer will bear any or all expenses required in repairing or correcting any defect that exists on this property. Including well, septic or any tests required.
The property is sold as a cash sale and not on approval of a bank loan or any other financing.
$__________________________non-refundable deposit. (Regardless of the Closing Date)
Mineral, Gas & Oil Rights Transfer: ______________yes _______________no. (if they exist)
Buyer's initials & date here: _____________________________________________________________
It is understood and agreed that Auctioneer is acting as agent of the Seller, not the Buyer and she shall in no case whatsoever be held liable by either party for the performance of any term or covenant of this agreement or for damages for non-performance thereof.
Buyer's initials: ____________________________Seller's initials: ______________________________
Notice to parties: When signed, this agreement is a binding contract.
Witness: ________________________ Buyer _________________________________ Date ___________
Witness: ________________________ Buyer _________________________________ Date ___________
Witness: ________________________ Seller __________________________________ Date __________
Witness_________________________ Seller __________________________________ Date ___________
