AGREEMENT TO BID- AUCTION SALE OF REAL ESATE

BIDDING IS OPEN TO THE PUBLIC WITHOUT REGARD TO RACE, COLOR, SEX, OR NATIONAL ORIGIN.

AGENCY DISCLOSURE; AUCTIONEERS, CHUCK CRYDERMAN AND ASSOCIATES, ACT AS EXCLUSIVE AGENTS FOR THE SELLER. THE DUTIES THAT A SELLER'S AGENT OWES TO THE SELLER INCLUDE; PROMOTING THE BEST INTERESTS FOR THE SELLER. FULLY DISCLOSING TO THE SELLER ALL FACTS THAT MIGHT AFFECT OR INFLUENCE THE SELLERS DECISION TO ACCEPT AN OFFER TO PURCHASE; KEEPING CONFIDENTIAL THE SELLER'S MOTIVATIONS FOR SELLING, PRESENTING ALL OFFERS TO THE SELLER; DISCLOSING THE IDENTITIES OF ALL BUYERS AND ALL INFORMATION ABOUT THE WILLINGNESS OF THOSE BUYERS TO COMPLETE THE SALE OR TO OFFER A HIGHER PRICE.

THE PROPERTY IS BEING SOLD "AS IS WHER IS" WITH NO WARRANTIES EXPRESSED OR IMPLIED AS TO THE CONDITION OF THE BUILDINGS OR LAND, INCLUDING ANY ENVIROMENTAL CONCERNS AND LEAD BASED PAINT CONCERNS, WHICH PURCHASER AGRES TO WAIVE ANY AND ALL INSPECTIONS. THE AUCTIONEERS, REALTORS, AND SELLERS WILL ASSUME THAT THE BUYER IS RELYING ON HIS OR HER OWN JUDGEMENT AND INFORMATION REGARDING THIS PROPERTY. AT THE CONCLUSION OF THE BIDDING, THE SUCCESSFUL BIDDER MUST SIGN A PURCHASE AGREEMENT, STATING THE BID PRICE AND TERMS OF THE SALE. TAXES, AS APPLICABLE, WILL BR PRORATED TO THE DAY OF CLOSING, AS IF PAID IN ADVANCE.

THE SUCCESSFUL BIDDER MUST DEPOSIT WITH AUCTIONEERS 10% OF THEIR CONTRACT PRICE IN THE FORM OF PERSONAL CHECK, CASHIERS CHECK OR CASH ON THE DAY OF SALE. THIS IS A N ON REFUNDABLE DEPOSIT AND WILL BE FORTFEITED BY THE PURCHASER SHOULD THE PURCHASER CHOOSE NOT PROCEED WITH THE CLOSING AFTER ACCEPTENCE BY THE SELLER OF THE BID TERMS AND PRICE. THE DEPOSIT WILL BE APPLIED TO THE PURCHASE PRICE AT THE TIME OF CLOSING. ALL BIDS ARE SUBJECT TO APPROVAL OF THE SELLERS WITHIN FORTY-EIGHT HOURS.

THE SELLERS WILL SUPPLY AN OWNERS POLICY OF TITLE INSURANCE WITH STANDARD EXCEPTIONS, TO THE SUCCESSFUL PURCHASER, A DEED WILL BE PROVIDED. THE CLOSING WILL TAKE PLACE WITHIN THIRTY DAYS OF THE AUCTION DATE OR AS SOON AS POSSIBLE WITH THE UNDERSTANDING THAT "TIME IS OF THE ESSENCE". CLOSING PACKAGES SHOULD BE AVAILABLE APPROXIMATELY TWO DAYS PRIOR TO CLOSING FOR REVIEW BY THE PURCHASER AND/OR THEIR ATTORNEY. CLOSINGS WILL TAKE PLACE AT THE OFFICES OF CHUCK CRYDERMAN AND ASSOCIATES, L.L.C. OR ANOTHER DESIGNATED LOCATION. CLOSINGS HELD FOR PURCHASERS AT TITLE COMPANY OFFICE ARE AT THE EXPENSE OF THE PURCHASER. IMMEDIATE POSSESSION WILL BE AVAILABLE AFTER THE CLOSING.

THE SELLERS RESERVE THE RIGHT TO REVIEW ANY AND ALL BIDS, TO COMPARE OFFERS SUBMITTED WITH APPRAISALS AND/OR MARKET EVALUATIONS, WAIVE IRREGULARITIES AND/OR INFORMALITIES AND ACCEPT, REJECT OR COUNTER ANY OR ALL BIDS AS DEEMED IN THE BEST INTEREST OF THE SELLERS AT THEIR SOLE DISCRETION.

NOTICE : THERE IS A 7% BUYERS FEE ADDED TO THE BID PRICE FOR THIS PROPERTY.
IMPORTANT NOTICE: THIS SALE IS NOT SUBJECT TO THE PURCHASER OBTAINING A MORTGAGE. ALL FINANCES MUST BE IN ORDER AND PURCHASER PREPARED TO CLOSE THIRTY DAYS FOLLOWING THE DATE OF THE AUCTION. AUCTIONEERS AND REALTORS ACT AS EXCLUSIVE AGENTS FOR THE SELLERS.

REGISTERING TO BID FOR THIS SALE ACKNOWLEDGES BUYERS AGREEMENT TO THE ABOVE TERMS AND CONDITIONS FOR THIS SALE.

BRICK RANCH 340 EAST LONG LAKE ROAD, TROY MICHIGAN OAKLAND COUNTY