No Sales Tax, No Buyer's Premium on Personal Property, 5% Buyer's Premium on Real Estate Only.
Real Estate Terms & Conditions: Conditions: All properties are sold “AS IS WHERE IS” with no warranties of any type expressed or implied as to the merchantability, usability, fitness for a particular purpose, or any matter of whatsoever type or nature. Potential buyers should inspect all properties before placing any bids. Any improvements which may need to be done will be the responsibility of the purchaser. All information advertised or stated was derived from sources believed to be correct but is not guaranteed. The Real Estate DOES NOT sell contingent upon financing, acceptable post-auction inspection, acceptable environmental reports, surveys, use requirements, other property sales and purchases, or any other matter whatsoever. The auction company retains the right to place bids on the behalf of any buyer, employee, principal, or seller. All property dimensions are only approximations. No new surveys or perk tests have been completed. Any surveys or perk tests desired will be the sole cost and responsibility of the buyer and are not a contingency of the sale. The property will be sold subject to any easements and building and use restrictions of record. The Real Estate will be sold free and clear of all liens of record, unless otherwise stated.
Inspection: Buyers shall rely entirely on their own information, judgment, and inspection of the property and records. Buyers can and should inspect prior to the auction. Acceptable inspection after the auction is not a contingency of your bidding so be sure you have inspected the property to your satisfaction prior to the auction. LASTBIDrealestate cannot provide inspection or access to the property after the auction until the closing. Please note the advertised Open for Viewing times.
Closing: The balance of the purchase price will be due within 10 days of all paperwork being ready for closing but not later than 45 days after the auction. The Sale of the Property shall be closed within 10 days after all necessary papers are ready, but not later than 45 days after the auction date. If the closing of the sale is delayed by reasons of delays in the title work, or by title defects which can be readily corrected, a further period of sixty (60) days shall be allowed for closing. Possession will be given 45 days after closing. Buyer will receive possession at close subject to tenant’s rights if applicable. Closing fees of approximately $350 will be divided evenly between the buyer and seller
Taxes and Assessments: Property Taxes which are due on the property on or before the date of the auction will be paid by the SELLER without proration. All property taxes due after the date of the auction will be the responsibility of the BUYER without proration. The BUYER will assume any dues or assessment balance which remains after the Seller pays for any dues or assessment installments which are due and payable on or before the date of the auction.
Deed and Title Insurance: Seller will provide at their cost, a deed to the property and an owners title insurance policy in the amount of the purchase price at closing.
Buyers Note: If you are the successful bidder, you must make your deposit on the property the day of the auction and sing all necessary paperwork for closing within 10 business days of the conclusion of the auction. Individual purchases are to be considered as singular transactions, not contingent on any other purchases of properties on the auction. The ability to obtain financing is NOT a contingency of the sale. Properties will be sold subject to the acceptance or rejection of the high bid by the seller(s) within 10 days of the conclusion of the auction unless specifically stated that it is selling with No Minimums or Reserves. The auction will be conducted at the sole discretion of the auctioneer and any bids may be recognized at their discretion. Any exceptions to the above terms will be noted in the Additional Announcements information for each property.
Additional Buyer Costs: Unless otherwise stated, in addition to the Bid Price the Buyer will be responsible for the Buyers Premium, one half of the closing costs charged by the title company (approximately $200), and any post auction real estate taxes and assessments.
Acceptance of bid: Successful bidder will be required to enter into a purchase agreement at the auction. Final bid is subject to the acceptance or rejection of the Seller. Deposit for Real Estate: A non-refundable earnest deposit of $1,000 is required of the successful bidder on the day of the auction with the balance of the purchase price due at closing within 45 days from the Auction, or as soon as all closing documents are completed. Buyer's Premium of 5% on the Real Estate Only. Conditions: All information advertised has been derived from sources believed to be correct but is not guaranteed. Real Estate is being sold In "As Is" condition. The Decision to bid on the Real Estate Property is entirely up to the individual bidders based on their own individual inspections, research and opinions. Evidence of Title: The Seller will provide an Owner's Policy of Title Insurance in the amount of the Purchase Price.
Auctioneer's Note: This is a well-rounded auction. Don't miss this auction located in Lake City! No Buyer's Premium on Personal Property! No Sales Tax! Cash, Check, Credit Cards (3% surcharge for credit cards). Preview begins Saturday at 9 AM. Owner: Mary Venner. Personal Representatives: Wayne & Sylvia VanCamp. This is partial Listing, many more items!