(Back To Listing)

Terms & Conditions:   10% down payment is due at the close of the 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.

The balance of the purchase price is due in cash at closing.  Closing shall be held as specified on the real estate contract.  The cost for the administered closing will be shared equally between Buyer(s) and Seller.

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.

The Seller shall pay the 2009 and all prior years real estate taxes; real estate taxes for 2010 shall be prorated to the date of closing.

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.  Tracts purchased in combination shall receive a perimeter survey only, if any.  There shall be no prorated price adjustment of tracts with building improvements or any combinations including these tracts due to the value of said improvements.  The bid price shall be adjusted at closing to reflect any results of any new survey work, if the surveyed acres are different than the estimated acres, except when tracts with building improvements are included in the purchase.

Possession shall occur at closing which shall take place no later than 30 days after the auction.

Bids are to be based solely upon your inspection.  All real estate is sold without physical warranty.  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.

All real estate is being sold subject to any existing recorded easements Existing recorded leases, if any, will be assigned to the Buyer.

Many of the tracts are being sold according to existing legal descriptions.  Because of this there may not be fence lines separating tracts on all parcels.  Neither the Seller nor the Auction Company are responsible for any new fencing.  New fencing shall be the sole responsibility of the Buyer(s).

At the close of the auction, Buyer(s) will be required to execute a Real Estate Sales Contract and Addendum(s).  This agreement shall be available for review at the auction.  The terms of said agreement and addendum(s) are non-negotiable.

Diamond S Auction & Real Estate Company, Inc. and its representatives  are the exclusive Agents of the Seller.

Announcements made by the auctioneers shall take precedence over this printed material.