Real Estate Auction Terms & Conditions

DOWN PAYMENT: A $500 down payment and the buyer's premium will be required on the day of auction. The down payment may be made in the form of check and is non-refundable.
YOU'RE BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing if needed. A pre-approval letter from your lender will be required to bid.
ACCEPTANCE OF BID PRICES: The successful bidder will be required to sign a Purchase Agreement upon acceptance of final bid. (The final bid is subject to the Sellers acceptance or rejection).
EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the purchase price.
DEED: Seller shall provide Warranty Deed(s).
CLOSING: The balance of the purchase price is due at closing, which will take place in 30 days after the auction, or as soon thereafter as applicable closing documents are completed by the Seller. Fee's for an administered closing shall be shared 50/50 between Buyer(s) and Seller(s).
POSSESSION: Possession will be given at closing.
REAL ESTATE TAXES: Real Estate taxes shall be prorated to the date of closing.
PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries and due diligence concerning the property. Seller disclaims any and all responsibility for Bidders safety during any physical inspection of the property.
SURVEY: The cost of the survey, if needed, will be the responsibility of the buyer.
DISCLAIMER AND ABSENCE OF WARRANTIES: The property is being sold on an AS IS, WHERE IS basis, and no warranty expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, and inquiries concerning the
property. Conduct of the auction and increments of bidding are at the direction of the Auctioneer. The
Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the person's credentials, fitness, etc

Mark J Graber- Auctioneer/Real Estate Broker Lic.#AU19400133

The real estate consists of 3 vacant lots at 124 E New Albany Ave, Vincennes, IN. Don't miss this opportunity! BIDDING ENDS: Monday, February 13th, 2023 ~ at 6:45pm ET Parcel #s: 42-12-15-402-019.000-022; 42-12-15-402-020.000-022; 42-12-15-402-108.000-022 Legal Description: Reel & Swartzel SD Lot 353; Reel & Swartzel SD Lot 354; Reel & Swartzel SD Lot 355 Mark Graber AU19400133 812-254-2220