Home Auction - Terms & Conditions
REPRESENTATIVES: The Auction Way Company / Gerald A. Bowie, Broker, represents the Owners/Sellers, by separate agreement.
DISPUTES: The auctioneer in charge will settle any disputes as to bids. Auctioneer's decision on such matters will be final.
ANNOUNCEMENTS: Announcements from the auction box shall take precedence over the information received from advertisements, catalogs or elsewhere. All information published was furnished to us by sources believed to be reliable but is not guaranteed. Buyers are responsible for their final "Due-Diligence."
CONTINGENCY: There is no contingency for financing, nor any other contingencies. All properties are selling "as is" with no warranties expressed or implied.
RESTRICTIONS: Buyer will take title to any property purchased at the auction subject to: Any and all (i) zoning, easements, covenants, conditions, restrictions, rights-of-way, reservations, leases and any other encumbrances that are imposed by governmental authority, and/or recorded in the real property records and all other official records of the county in which the bid property is located, (ii) all matters appearing on the plat or otherwise common to the subdivision; and (iii) all matters that are visible or may be apparent on the bid property itself.
REAL ESTATE SELLS: Sells Subject To Owner's Confirmation.
BUYER'S PREMIUM: A ten (10) percent Buyer's Premium will be added to the final bid, to arrive at the final contract price.
EARNEST MONEY DEPOSIT: Not less than ten (10) percent earnest money deposit due the day of auction, your good check is ok; balance of cash payable at closing. Deposit will be placed in the escrow account of Thornton And Graham, closing attorneys.
SURVEY: If buyer needs a survey other than the recorded lot plat, it will be at buyer's expense.
TAXES: All property taxes, insurance, and rents (if any) to be prorated as of the closing date.
BUYER'S CLOSING COST: See provision seven (7) in the "Purchase Agreement."
TITLE INSURANCE: At the Buyer's option and expense.
CLOSING DATE AND POSSESSION: Must occur on or before October 24, 2013 by and at the office (or by mail) of Thornton and Graham, 200 Church Street, LaGrange, Georgia 30240; 706-884-2727.
POSSESSION: Possession will be given 14 (negotiable) days after closing.
GUARANTEE: The Real Estate will be auctioned and sold "AS IS, WHERE IS AND WITH ALL FAULTS," without warranties, representations or covenants, expressed or implied, of any kind or nature whatsoever. The applicable seller shall convey title to a property sold at the auction to the buyer by special warranty deed at closing.
CONDITION OF THE PROPERTY: The Buyer agrees to take the property in its present condition. The Sellers make no warranty or representation as to the condition of the property or any improvements situated thereon, or the fitness of the property or any part thereof for any particular purpose. Buyer agrees to purchase and accept the property and improvements thereon in its "AS IS, WHERE IS AND WITH ALL FAULTS" condition.
HOME OWNERS ASSOCIATION: The Cloisters Subdivision lots sell subject to the Home Owner's Association Documents, available on request.
SALES CONTRACT: A copy of the contract buyer will be required to sign is available on the web site or upon request. This is a legal and binding document. Please review before
