REAL ESTATE TERMS:

• Property sells “AS IS – WHERE IS”
• An Auction fee (Buyer’s Premium) of 10% will be added to the high bid to establish the final contract price (FCP).
• A 10% Earnest Money payment or $25,000, per parcel whichever is greater and calculated on the FCP, is required from the winning bidder immediately upon the property pronounced “SOLD”. Be prepared to write a check to equal to 10% if you brought a cashier’s check.
• $25,000.00, per parcel, of the earnest money must be in the form of cash, cashier’s check, a personal//business check with a bank letter of guarantee. A bidder may also use a bank letter of guarantee with their check to cover the full amount of the earnest money.
• Earnest money is non-refundable if purchaser fails to close in 40 days after auction event.
• All survey and closing costs are paid by the purchaser.
• Granger, Thagard works only for the seller as the agent.
• Announcements from the auction stand take precedence over previous oral statements and printed material.
• Property is subject to sell as an entirety prior to the auction under the auction terms.