GENERAL TERMS AND CONDITIONS
Property Address
Legal Description
SPECIFIC TERMS and CONDITIONS
Terms and Conditions of the sale may change. Certain requirements may vary from sale to sale. Such changes shall be considered specific terms of the sale. Specific terms and conditions may include, however not limited to the amount of Option Money Required, Escrow Deposits, Time to Close, Auctioneer Fees, Real Estate Brokerage Requirements. Other terms that apply to the property being offered. Such terms may change without individual notice. It is incumbent on the purchaser to read all terms and conditions prior to bidding or making any no offer.
PROCESSING of BIDS (OFFERS)
Broker Auctioneer under the direction of the seller may process bids (offers) submitted with proper qualifications that satisfy the sales process. Additional information may be found under the Bid Administration tab. Bids (Offers) may be subject to additional payments or fees such as auctioneers fee, buyer premiums, closing costs.
ORDER OF SALE
The Broker Auctioneer shall determine the order of sale and shall retain the right to schedule, reschedule or determine the platform and how the sale will be processed.
A property may be offered as a single property or the property may be divided into separate parcels.
{*Most single-family homes would be offered in a single listing. Land may be divided into multiple tracts. *}
The method that produces the best offer to the seller will determine how this property sells. Property is selling subject to owner confirmation. Owners have initiated the liberty of bidding and may make adjustments accordingly. Seller has authorized to refuse bidding privileges to persons that do not qualify or to those that will not comply with bidding procedures. Additionally, sellers reserve the right to refuse showing or attending open house invitations.
PERSONAL PROPERTY
Personal property shall be considered a separate purchase and held separate from the sale of real property.
REGISTRATION
Each person participating in the sale or any person that wishes to attend an open house must register in advance of entry into the property all being subject to seller requirements of preferential invitation. Seller and Auctioneer will comply with all fair housing regulations; however, entry may be restricted based on the following: Registration may be subject to additional requirements. However, Broker Auctioneers may reduce, alter, amend requirements on a case by case basis.
BUYER? _________________________________________ SELLER? __________________________________
1. Registration in writing, Myers Jackson Bidding Platform or other approved method.
2. Proper Statement of Funding and/or Proof of funds that show capabilities to purchase.
3. Agree to ?Conditions of Sale? in advance of entering property: home or grounds.
4. Enter Factual Buyer information at ?https://myersjackson.bid
HOW TO REGISTER AND BID ON-LINE
1. Logon to: ?https://myersjackson.bid
2. Read, accept term and conditions
3. Enter factual buyers' information
4. Make the highest possible bid
5. Follow, check for additional bids
6. If awarded the bid, prepare to sign contract
7. Understand on-line bidding may be combined with live auctions
TERMS OF REAL ESTATE
The successful Purchaser(s) will sign and return a real estate sales contract immediately after the closing of bids or fully accepted offer, transfer by wire deposit 10% of the purchase price immediately after acceptance of offer. A ?10% ?Buyer's Premium ?will be calculated the bid price on Real Estate then payable to Myers Jackson Licensed Broker, Auctioneer (LINKS LICENSE DISCLOSURES) immediately after confirmation and acceptance of offer.
$ ?0,000.00? Option Money
$ 0?0,000.00? Escrow Deposit $ ?00,000.00? Auctioneers Fee
Escrow Deposit money will be held at CAPITAL TITLE OF TEXAS, 1105 GLADE RD. STE. 200, COLLEYVILLE, TX 76034 All Earnest Money will be applied toward the purchase of property Auctioneers fee or option may belong to the Auctioneer and or Seller at the time of closing.
BUYER'S PREMIUM and AUCTIONEERS FEES
Any potential purchaser may create an online account at ?https://myersjackson.bid?, register for the prospective property sale. The bid placed may be used to determine the highest offer, if you desire you may make additional offers or bid during the process until the Auctioneer closes bidding after acceptance of a qualified offer by the seller. Bid increments shall be administered by the agent up to the close of bidding. Opening bids will be at the discretion of the Auctioneer being subject to refusal.
At bid award the buyer premium or any Auctioneers fee becomes property of the Auctioneer subject to immediate deposit. Purchasers may not restrict, hold or demand repayment after the confirmation of sale. In the event of collection procedures, the Auctioneer may use all lawful means necessary to collect and recover all costs and attorney's fees associated with this bid offering.
BID ADMINISTRATION
BUYER? _________________________________________ SELLER? __________________________________
Bids (Offers) shall stand as submitted being subject to bid administration by the Broker-Auctioneer. Sellers may accept bids including additional bids placed by the same bidder. Subject to acceptance of the best offer of the bidder and/or bidder's proxy that has willfully accepted terms that includes all conditions of sale, payment of buyer premium and auctioneer fees, full payment of option money, closing costs or other costs as determined by the seller. All bids shall be an instrument to calculate the bidder's interest to purchase property including but not limited to written offers, electronic submissions, voice, telephone, telecopier or text. Bids may or may not be administered in the order received, subject for publication in public view, any bid being subject to higher bids being placed. Seller may accept without notice and property shall be subject to sale without warning. Bid increments may be adjusted prior to or during the process of the sale. ?Bids (Offers) may be updated in the MyersJackson.bid online portal, Multiple Listing Services, Real Estate Indexes or other public and/or private publications.
ABSENTEE BIDDING
A qualified user may place absentee bids. Commonly referred to as left bids or proxy bids can be used in connection with MAX BIDDING. When a user leaves a max bid, this creates an offer in the maximum amount a user is willing to offer plus all other requirements of the terms and conditions. Auctioneers and Real Estate Brokers may evaluate all offers including the maximum bid placed by the user for the purpose of determining the higher offer acceptable by the seller. Competitive bids including any bid with maximum value shall be used to establish the best offer. Users may increase a maximum bid amount prior to end of sale. Absentee offers, maximum bids, written offers or otherwise that are attempted placed after expiration of time may or may not be taken into consideration.
MULTIPLE OFFER MANAGEMENT
Multiple Offer Management is a Trademark licensed to Myers Jackson America's Auctioneer, and restricts unauthorized use thereof.
CLOSING
Time being of the essence, this sale shall be closed within the appointed time after acceptance offer together with acceptable commitment to produce a regulatory insured title policy subject to permitted policy exceptions and or other required exclusions. This transaction is not contingent upon financing. Buyers will be responsible for all closing costs and may select the closing officer of their choosing. All Earnest money deposits shall be placed in escrow until closing. The Purchaser will be charged 100% cost of the title insurance policy which is based on the purchase price and 100% of all other closing costs {by purchasers closing agent} per real estate transaction per property, and this fee may include the following: conducting the closing; collecting and disbursing funds at closing; title abstract; document/deed preparation, preparing a closing statement and closing attorney fee. If the Purchaser needs additional services, they may be requested or provided by the purchaser's closing agent. Any additional closing fees including, but not limited to, escrow fees, attorney fees, documentary stamps, recording stamps, financing expenses, intangible taxes, title fees, appraisals, inspection reports, any additional legal work required by a lender including 100% of any lenders title insurance policy will be the Purchaser's expenses.
The 2020 Ad Valorem Taxes will be prorated between Seller and Purchaser, as of the date of closing. Seller will not be responsible for any other closing costs or fees.
DEFAULT
BUYER? _________________________________________ SELLER? __________________________________
Should Buyer default. Buyer shall forfeit deposits, Buyers Premium, Auctioneer Fees, option money and shall be subject to recovery of additional funds for loss, injury or collections in the process to sale, resale or otherwise recover costs including any attorney fees and court costs.
Should Seller default, Seller shall repay all costs associated with sale including Buyers Premium, Auctioneers Fees, costs associated with closing, surveys and closing costs.
POSSESSION
Possession of the real estate will be granted to the purchaser at closing and funding. Possession may be granted under separate agreement between the purchaser and seller.
INDIVIDUAL PURCHASES
Individual purchases are to be considered as a single transaction not contingent upon acceptance of any other bids by the Seller. Seller has the right to sell this Property in any form or fashion that is legal and ethical in order to produce the best offer to the Seller.
PAYMENTS
All purchases shall be subject to payments directly or indirectly as prescribed by Broker/Auctioneer. Wire transfer, cashier's check or other verifiable liquid payment shall be issued or made readily available at the time of purchase immediately after Bid Award. Non-payment shall constitute default of the terms and conditions. Buyers may be subject to additional collection fees, including but not limited to all collection costs, attorney fees, court costs or other recovery costs associated with the sale.
REPRESENTATION
Purchaser and Seller acknowledge and agree that the only Broker/Agent/Auctioneer involved in this transaction is Myers Jackson Licensed Texas Broker, Auctioneer #17057, as broker/auctioneer for the Seller in this transaction. Broker/Auctioneer has not acted as agent in this transaction for the Purchaser. Participating Brokers may be identified in the Broker participation agreement.
SURVEY
If the Purchaser wishes to have a survey, the Purchaser may select the surveyor of their choice and must abide by the terms and conditions of this real estate offering. Two (2) copies of each of the certified surveys, if any, must be delivered to both the Closing Agent at least ten (10) days prior to the Closing. Purchaser will pay for all costs associated with the survey. The Auctioneer/Broker, the Closing Agent and each of their respective employees, attorneys and agents expressly disclaim any liability for alleged loss or damage which may result from reliance upon such map, plat, survey or diagram. Any such map, plat, survey or diagram is for reference only and has been provided for the convenience of the bidders. The Purchaser shall not rely on estimated field measurements but shall rely on its own due diligence and judgment. The Property shall be sold subject to: (a) visible easements or claims of easements not shown by the public records, and shown graphically on any survey, map or subdivision plats, and (b) boundary line disputes, overlaps, encroachments, and any matters not of record that would be disclosed by an accurate survey and inspection of the Property.
AD VALOREM TAXES County Tax Collector
BUYER? _________________________________________ SELLER? __________________________________
2020 Estimated Ad Valorem Taxes for Parcel is available through public records. (?$ _____________?)
SPECIAL CONDITIONS OF THE SALE
1. Seller's presently have title to this Property. At the time of closing, Seller's agree to convey a marketable title to said Property by deeds as described and subject only to (1) zoning ordinances affecting said property; (2) general utility, sewer, road, and drainage easements of record; government easements, rights-of-way, covenants, restrictions, encumbrances and other matters of record, if any issued by any government agency for any use perpetual or limited by contract or deeded restrictions in all forms (3) subdivision easements, covenants and restrictions of record, if any; and (4) leases, other easements, other restrictions and encumbrances specified herein. This property is selling subject to visible easements or claims of easements not shown by the public records, shown or not shown graphically on subdivision plats or other maintained records, prescribed use easements recorded or unrecorded, boundary lines disputes, overlaps, encroachments, and any matters not of record that would be disclosed by an accurate survey and inspection of the premises. This Property is sold subject to all outstanding easements on said property for roads of public record or private use being granted, prescribed, leased or otherwise conveyed easements of power, electronic and telephone lines and the like and likewise subject to any cemetery or cemeteries that may now exist on this property rights of the public to use and gain access to any cemetery lying within the bounds of the land described.
2. ?All properties may be subject to current lien holder's approval and may be presented for short sale approval if applicable. However, no guarantee will be made by the seller. Purchaser will agree to all extensions required by the seller, Financial Institutions, Federal, State and Local Courts of Jurisdiction and will accept all extensions until approval can be executed. Purchaser and seller agree that the earnest money deposits shall be held in the broker's escrow account and can be transferred upon request to the closing agent. Any earnest money deposit shall continue to be held during the course of the contract, including any extension period or time required for acceptance in conjunction with any short sale, lien holder approval, Federal, State or Local Court actions needed to assure the seller's ability to satisfy and deliver a marketable title. In the event a final contract agreement cannot be reached between all parties, earnest money will be returned, and each party will be held harmless.
3. Auctioneer/Broker, and Sellers do not warrant or covenant with Buyer with respect to the existence or nonexistence of any pollutants, contaminants or hazardous waste prohibited by federal, state or local law or claims based thereon arising out of the actual or threatened discharge, release, disposal, seepage, migration or escape of such substances at, from or into the demised premises. Buyer is to rely upon its own environmental audit or examination of the premises.
4. This property is being sold subject to all laws federal, state or local law concerning any species that may be listed as threatened, endangered or otherwise protected as disclosed on the platattached. Itistheresponsibilityofthepurchasertoinspectthepropertyandthepurchaser(s) shall rely on their own investigation in conjunction with the purchase of this property. Seller shall have no obligation to extend the contract-closing period and purchaser will not be granted any inspection period after the final gavel call.
5. A detailed title search has not been conducted; therefore, Auctioneer/Broker, and Seller are not positive as to the status of the oil, gas and mineral rights. The Seller may, at direction,
BUYER? _________________________________________ SELLER? __________________________________
convey interest in any oil, gas, or mineral rights to the Purchaser unless stated in writing and any prior reservations shall stand as reserved. Furthermore, oil, gas or mineral rights previously sold, conveyed or rescinded will not be conveyed to the Purchaser and such rights may be offered as a separate conveyance unrestricted to other purchasers.
6. Subject to roll back taxes for residential, commercial or other use including homestead exemption.
7. Purchaser will be responsible for any clean-up of debris and accepts property in the "as is" condition.
8. Property may be subject to any association dues, fees, annual costs or other assessment as required by the covenants, additionally subject to the restrictions thereof. Purchaser may be required to pay for and assume fees in conjunction with Owner Association Requirements and shall become the sole responsibility of the Purchaser.
9. Rights or claims of parties not in possession and not shown by the public records.
10. Any lien, or right to a lien, for services, labor or material heretofore or hereafter furnished, imposed by law and not shown by the public records. Taxes or special assessments which are not shown as existing liens by the public records.
DISCLAIMER
Brokers/Auctioneer and the Sellers have gathered this information and believe it to be correct to the best of our knowledge. All documents and information are being furnished to the bidder for the bidder's convenience, and it is the responsibility of the bidder to determine that information contained herein is accurate and complete. Any reliance on the contents shall be solely at the bidder's risk. These documents are being provided without any warranty or representation, express or implied, as to its content, its suitability for any purpose or its accuracy, truthfulness or completeness. Each Purchaser must conduct and rely solely upon its own investigation and inspection, including room sizes and square foot measurements in the entirety of any/all structures with any calculation in part or as a whole. Further, all parties acknowledge and agree that the Property is being sold "AS IS" with any and all faults. The Seller shall have no obligation for repairs or replacements noted in any inspection(s) made by or for the Purchaser. Such repairs or replacements shall be the sole responsibility of the Purchaser. All contracts will be presented at the close of the Sale with specific Seller instructions. Seller may remove property from the sale during or at any time prior to the end of sale and at the Seller's discretion; Seller may accept the offer with the best terms. Broker/Auctioneer and/or Seller may bid or rebid on any property in tracts, combination of tracts or as a whole, defense of a bid or any bid increment vital to producing the highest and best price under the terms and conditions of the Seller. Furthermore, it will be the Seller's discretion to accept any additional increase on any posted bid by any individual tract purchase, combination, defense of bids or any upset bid during or after any bid has been posted and prior to final confirmation and reserves the liberty of bidding until the acceptance in the form of a purchase and sale agreement in writing. Online offers may be transferred to live auction events or vice versa being subject to terms and conditions of any sale. Furthermore, all bids shall be posted and presented accordingly as announced by the Auctioneer. Bids may be accepted without notice to any party. Seller shall have the right to enter into a purchase contract without notice.
BUYER? _________________________________________ SELLER? __________________________________

Auctioneer's Note for Accepted Procedures:
Broker/Auctioneer reserves the right to accept bids from all qualified bidders to include but not limited to: Live Auctions, Online Auction Platforms, Written Bids, Electronic Bids, Fax Bids, or Written offers during before or after the bidding period. If you are looking to buy this item, you are invited to make your best offer, however your offer may not be the best offer, the sellers reserve the right to evaluate all bids and make final decisions on acceptance based on all offers. Make your best offer; Auctioneers will further reserve the right to cross-reference bidders to evaluate the best offer across all bidding availability. By registration, the Auctioneer is allowed to update new information as it becomes available. A permanent bidder's number may be issued at Myers Jackson apps or other bidding platforms. F Future notices may be received via electronics, certified or standard mail subject to privacy policy. It is further understood that this auction is subject to Film, TV and Photography and all parties hereby release Auctioneer from any and all liability without recourse. You hereby authorize the use of Film and Photography with distribution rights throughout the universe without restriction. Such distribution shall not be restricted, and no claim shall be administered upon Auctioneer, Brokers or Agents thereof. All rights or Film and/or photography shall remain with Myers Jackson.
It is expressly understood that the terms and conditions set forth are authorized by the sellers and the purchase and sale will be between the purchaser and sellers. Auctioneer is acting as an agent for the seller, however, shall not be responsible for any contract action between the parties. No party shall alter, use, reuse, mark, stamp or reproduce this document without the express written consent of Myers Jackson, these actions shall instigate default of the purchaser. Furthermore, I agree to a NON-Disclosure of bids or final offers to include the written purchase and sale agreement until such time the purchase amount is made public by legal means.
I agree to all Terms & Conditions of Sale:
________________________________ ________________________________________ Bidder Signature Print Name Date
BUYER? _________________________________________ SELLER? __________________________________

Make the offer with the use of a Buyer's Premium
What is a buyer's premium? For decades auctioneers have used buyer's premiums in connection with sales subject to multiple offers, competitive bid sales and/or auctions.
A buyer's premium is a fee in addition to other closing costs and transaction fees paid by purchaser.
The amount of the buyer's premium is addressed in the terms and conditions of sale in advance of the offer.
A prospective buyer may make an offer but must keep in mind that the offer amount is subject to the percentage of flat fee amount required to finalize the offer.
Additionally, when making the offer the buyer's premium will affect the final out of pocket amount the buyer will need to appropriate to affect the sale. An example is set forth in the space below.
?Final Bid $100,000.00 $ 10,000.00 $ 10,000.00
Buyer's Premium: 10%
Amount Paid to Auctioneer
? Final Bid $1,000,000.00 $ 100,000.00 $ 100,000.00
The amount of the buyer's premium may vary from sale to sale. Reading the terms and conditions prior to the offer will be important in order to determine the final payments required. The buyer's premium may be considered and out of pocket expense for services rendered by the Auctioneer or Agent that will administer the bidding procedures.
Auctioneers are licensed in most states including Texas (License #17057). Auctioneers provide marketing services, sale of real property, sale of personal property, administer multiple offers in live out cry public sales and/or sales utilizing online or APP bidding platforms.
Think of the Auctioneer as a legal service provider such as a surveyor, an attorney or a home inspector. Auctioneers work on a commission basis or in some cases a flat fee basis. Check the terms and conditions for each sale.
Auctioneers may be Real Estate Brokers or Real Estate Agents in addition to an Auctioneers License. Ask the Auctioneer questions about the administration and the use of a buyer's premium.
Myers Jackson America's Auctioneer Multiple Offer Management 844-400-2828
BUYER? _________________________________________ SELLER? __________________________________

Commercial Real Estate Granbury Texas Property Auction Information About Brokerage Service can be found at: myersjackson.com/texas-information-about-brokerage-services/