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Bidding is not conditional upon financing, so be
sure you have arranged financing, if needed, and are
capable of paying cash at closing.
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10% down
payment is due at the close of auction. This is
based on 10% of the contract purchase price. Cash,
cashier’s check, personal or corporate check that is
immediately negotiable is satisfactory for the down
payment.
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The
balance of purchase price is due in cash at
closing. Closing shall be held one month from the
day of the auction as specified on the real estate
contract. The closing costs will be shared equally
between Buyer(s) and Seller.
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The
seller shall provide a title search and a Warranty
Deed. The cost of title insurance shall be at
Buyer’s expense, if Buyer elects to secure a title
insurance policy.
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The Seller shall pay the 2009 and all prior year’s
real estate taxes; real estate taxes for 2010 shall
be prorated to the date of closing.
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The
Seller may choose to be involved in a 1031 Tax
Deferred Exchange on the properties being sold.
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Possession shall occur at closing which shall take
place no later than one month after the auction.
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Bids are
to be based solely upon your inspection. All real
estate is sold without physical warranty of any
kind. The seller and the agents of Diamond S
Auction & Real Estate Co. shall not assume any
responsibility for warranty of any specific zoning
classifications, location of utilities, and
assurance of building permits, or water and septic
permits. No warranties or guarantees as to the
condition of the wells on any tract are made by the
Seller or Auction Company. All property is being
sold “AS IS” with no guarantees of any kind.
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All real
estate is being sold subject to any existing
recorded easements. Existing recorded leases, if
any will be assigned to the Buyer.
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At the
close of the auction, Buyer(s) will be required to
execute an Agreement to Purchase Real Estate and
Addendum(s). This agreement and addendum(s) will be
available for review in your bidder’s packet at the
auction. The terms of this agreement and addendum(s)
are non-negotiable.
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Information listed on the various advertisements was
provided to the auction company by the property
owner. This information is believed to be correct,
but is not guaranteed.
Remember, ALL PROPERTY IS BEING SOLD "AS IS" WITHOUT
GUARANTEES OF ANY KIND. Bidders
are strongly encouraged to inspect and research the
subject property before bidding.
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This
property is being sold according to existing legal
descriptions. Because of this there may not be
fence lines separating tracts on all land parcels.
Neither the seller nor the auction company shall
assume any responsibility for new fencing. New
fencing shall be the sole responsibility of the
buyer(s).
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Location
of tract signs are approximate and are not a
substitute for survey markers.
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Acreage
estimates are based on geo-referenced satellite
imagery, global positioning software and county
data. While these are very accurate estimates they
are only estimates.
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If the
Seller determines that a boundary survey is required
to establish a legal description, then a survey
shall be prepared. The seller and buyer shall share
equally in the cost of the survey. This survey
shall be perimeter survey only, if in deed a survey
is required.
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Diamond
S Auction & Real Estate Company, Inc. and its
representatives are the exclusive Agent of the
Seller.
Any
announcements made by the auctioneer shall take
precedence over this and any other printed material.
