TERMS & CONDITIONS AGREEMENT FOR REAL ESTATE AUCTION of
55 acres mol on Upper Run Road; Pine Grove, WV 26419
Date of Auction - Saturday, the 3rd of June, 2006 at 2 PM
Place of Auction - Onsite at Upper Run Road.; Pine Grove, WV 26419
Seller - Roy Frank & Jessie Thompson
Brokerage - Realty Done Right LLC; 664 Maple Avenue; New Martinsville, WV 26155
Auctioneer - Joseph B. Hise
Listing # 6704A
PROCEDURE: The property will be offered in one parcel to be sold ABSOLUTE WITH NO RESERVE. All bidders must register before bidding and acknowledge receipt of the bidders packet. Sellers, the Sellers Agents, or employees of Realty Done Right LLC are prohibited from bidding at the auction.
DOWN PAYMENT: $10,000 as down payment on the day of auction if you are the successful bidder. with the balance in cash at closing. The down payment may be made in the form of cash, cashier’s check, or approved personal or corporate check. Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing. Please bring proper identification with you.
BUYERS PREMIUM: A Buyers premium of 10% will be added to the final bid. Ex. If the called bid price was $100 add 10% or $10 to it. The sales price listed on the purchase agreement would then be $110.
ACCEPTANCE OF BID PRICES: All successful bidders will be required to enter into purchase agreements at the auction’s site immediately following the close of the auction. In addition to the Purchase Agreement the successful bidder will be required to sign an Agency Disclosure Form, the Lead Based Paint Disclosure Form, and a copy of the Terms and Conditions of the Auction.
DEED: Seller shall provide a Warranty Deed. Seller has already paid for and will provide to successful bidder an attorney's opinion of title.
CLOSING: The balance of the purchase price is due at closing, which will take place within 30 days of the auction date. Seller shall pay for the new deed, pro-rated taxes, and title opinion. Purchaser shall be responsible for all inspections, appraisals, surveys if desired, and all other closing fees.
POSSESSION: Possession shall be given at closing.
REAL ESTATE TAXES: Real Estate Taxes will be pro-rated to the day of closing.
ACREAGE & SURVEY: All tract acreage, dimensions and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos. Seller will convey title with current legal description on record. If a survey is desired by Purchaser, the Purchaser shall be responsible for all of the costs associated with said survey.
AGENCY: Realty Done Right LLC and Auctioneer Joseph B. Hise and their representatives are exclusive agents of the Seller.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on “AS IS, WHERE IS” basis, and no warranty or representation, either express, or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conduct of his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in the brochure is subject to verifications by all parties relying on it. The Seller or the Auction Company assumes no liability for its accuracy, errors, or omissions. Conduct of the auction and increments of bidding are at the discretion 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. All decisions of the Auctioneer are final.
ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED
MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.
For Additional Info Please contact:
Realty Done Right LLC
Auctioneer/Broker - Joseph B. Hise
664 Maple Avenue
New Martinsville, WV 26155
Phone: (304) 455-4164
www.RealtyDoneRight.net
