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Click Here to download and view the Sample As Is Sale and Puchase Contract
Terms and Conditions
1) Auction Procedures - ONLINE BIDDING ONLY. All announcements from the auction block take precedence over any other representation. Method and bidding increments shall be at the sole discretion of the auctioneer. Auctioneer has the right to reject the bidding of any person whose conduct, actions, or adverse comments he feels are not in the best interest of his client, the Seller.
2) Inspection - The property is being sold As Is, Where Is. Buyer shall rely entirely on their own information and inspection. All dimensions, figures and drawings are approximate and should be independently verified prior to bidding. All information was obtained from sources deemed reliable but is not guaranteed. All improvements are selling As Is, Where Is.
3) Regulations and Restrictions - This property is selling subject to any existing rights of way, easements, encroachments, zoning regulations, government agencies regulation, restrictions and association rules, if applicable.
4) Contract Price - High bid plus 10% buyers premium.
5) Deposit - 10% of contract price in cash or approved check due today. After becoming the winning bidder, these funds will be placed in the non interest bearing escrow account of Barnes Walker Title Inc. 941-741-8224 If the highest bidder fails to perform, then such earnest money shall be non-refundable.
6) Winning Bidder - After becoming the winning bidder, hold up your bidders card. As winning bidder you will then execute the contract of purchase and sale.
7) Broker Participation - Cooperating brokerage is encouraged with licensed real estate brokers. A commission of 2% (two percent) will be paid to a broker that successfully registers the purchaser who closes on the property. The broker must register his purchaser prior to the day of the auction. Broker must send registration to Atkinson Realty & Auction, P.O. Box 7009, Sun City, FL 33586 or fax to 941-827-9755, signed by broker and client. Broker must attend the auction with his client. Brokers acting as principals are prohibited from this commission. There will be no exceptions. Late broker registrations will not be accepted at the auction site.
8) Financing - The sale of this property is not contingent upon the buyers ability to secure financing.
9) Closing - To be held on or before Thirty (30) days from execution of contract.
10) Conveyance - Property will be conveyed by General Warranty Deed, free and clear of all liens. If the property can not transfer to you by virtue of bad title, your deposit will be refunded. You have no further obligation at that point and neither does the seller or the auction company.
11) Closing Costs:
Prorated Items: Taxes
Buyer to pay all closing costs
Buyer is responsible for all costs related to a mortgage and survey
Buyer to pay for title insurance and survey
12) Possession - To be granted at closing on or before 30 days.
13) Final Authority - All decisions of the auctioneer shall be final concerning disputes among bidders or any other matters that may arise during the sale.
14) Property Auction - Sale subject to confirmation Up to $450,000.00.
15) Survey . Kermit Roan 863-494-3399
16) Closing Agent and Title Insurance Barnes Walker Title Inc. 941-741-8224.
17) Buyers Remedy upon Sellers Default - Should Seller default under the terms of the contract, Buyers sole remedy shall be the return of its earnest money deposit.
18) Sellers Remedy Upon Buyers Default - Should Buyer default under the terms of the contract, Buyers earnest money deposit shall be forfeited unto Seller as Sellers sole remedy.
All information contained herein was obtained from sources believed correct but is not guaranteed. Buyers shall rely on their own information, judgment and inspection of the property and records. All announcements from the Auction Block take precedence over any other representations. All property sold in As Is condition with no warranties or guarantees. All measurements and other figures described in this brochure are approximate. Sold subject to any applicable federal, state and/or local government regulations.
For more details and photos, go here to View the Salebill