• The property(s) are being sold “where is,” “as is,” “with all faults,” with no representations or warranties of any sort accept the special warranty to be included in the deed to the real property. Descriptions are provided as a service to customers only and do not constitute a warranty, either expressed or implied. Seller and Agents disclaim all responsibility for physical condition. All buyers are responsible for prior inspection of property on which they bid, and by bidding are deemed to have so inspected the property to their satisfaction. Placing a bid on an offered property by written bid, telephone bid or other means constitutes an agreement by bidder to these conditions of sale.
• Nonrefundable 10% deposit in cash or certified check made payable to Big Red Auctions due immediately after the confirmation of the winning bidder
• Closing within 30 days
• A Buyer’s Premium of TEN percent (10%) will be added to the high bid for the real property and included in the total selling price paid by the buyer. For example, if the successful online bid for the property is $500,000, the ten percent buyer’s premium will equal $50,000, and the purchase price for the property will be $550,000
• The Seller will pay a two percent (3%) Broker Participation Fee (calculated on successful bid and not including the applicable buyer’s premium) to a licensed qualified broker representing the winning bidder(s) who close on a property. Broker | Client registration forms must be received 24 hours prior to bidding. To qualify for the Broker Participation Fee, the licensed broker / agent must first register the prospective bidder and include the broker's and agent's license number, identification of the property, and any agency disclosure statements.