REAL ESTATE TERMS:
As a bidder you should know — An auction fee
(buyer's premium) of 5% will be added to the highest bid to establish the final contract price. A 20% down payment (earnest money) or $10,000 for the residence, whichever is greater, is required from winning bidder when the
hammer falls and the auctioneer says, "sold". $10,000 of the down payment for the residence (earnest money) must be in the form of a cashier's check, cash, or personal / business check with a bank letter of
guarantee. Down payment (earnest money) is non-refundable if purchaser fails to close. The balance of the purchase price is due at closing within 30 days. All closing and survey costs are to be paid by the purchaser. The
successful high bidder and purchaser will sign a real estate purchase agreement at the auction. In all transactions, the auctioneers of Granger, Thagard & Associates, Inc. are acting as agents (working for) of the Seller.
Property is subject to sell prior to the auction under the auction terms. Announcements from the auction stand take precedence over all previous oral statements and printed material. PROPERTY SELLS "AS IS…WHERE