Conditions of Sale
By placing a bid in this auction, Buyer agrees to these Terms & Conditions
A 7 1/2% Buyer’s Premium from Ayers Realty Auctions will be added to the high bid.
A bank letter of payment guarantee is required by the auctioneer to be eligible to bid.
Wire Transfer to the real estate escrow at the law offices of Smith & Wright, LLP (Payable to Sidney P. Wright, P.C.). Payment is required in full on or before given date of deed. Payments can be made before closing with Wire Transfer via the invoice.
Property is being sold ‘AS IS’ with no contingencies and no warranties expressed or implied except those provided herein. All inspections are welcomed prior to auction. The buyer has not relied upon any statement or representation by the auctioneer or staff as to the nature or condition of the property nor do they warrant the property, its construction, condition or material. All measurements are per courthouse records.
Manner of Payment
The purchase price shall be paid in cash. A 10% non-refundable down payment in the form of wire transfer is due immediately following the auction with the signing of a legal binding purchase agreement. The balance of the purchase price will be due in 45 days. If buyer chooses to obtain financing for the balance of the purchase price, completion of this transaction is not based upon the condition of successful obtaining financing nor is it subject to a satisfactory appraisal. All closing costs are the buyer’s expense.
Evidence of Title
Seller(s) will provide merchantable title via deed. Cost of title evidence, as desired by the buyer, to be a buyer’s expense. Owner’s title insurance is always strongly recommended, and that without said insurance, buyer may have no future objections to title, or potential losses. Buyer is accepting title subject to (1) Any recorded building restrictions, restrictive covenants, conditions or other use restrictions applicable to the property, (2) Any recorded or visible easements for public road, utilities, or public purposes (easements) upon which existing improvements do not encroach of which there are no violations and (3) Any mandatory membership associations associated with the property.
Real Estate Taxes, Assessments & Association Dues
The real estate taxes, assessments & association dues shall be prorated to day of closing. Seller(s) shall pay real estate taxes and assessments that are payable during the year in which closing occurs, and taxes payable during the succeeding year as computed and prorated to day of closing. Buyer(s) shall assume and pay all subsequent taxes and assessments, computed based on the last tax bill available.
Possession of Real Estate to be on the given date of deed.
Buyer may not terminate agreement if property is located in an area that may require flood insurance or that is subject to building or use limitations by reason of such location. Buyer shall pay for and be responsible for flood certification.
Federal Lead - Base Paint Disclosure
Every purchaser of any interest in residential real property on which a residential dwelling was built prior to 1978 is being notified that such property may present exposure to lead from lead-based paint. All inspections and assessments for the presence of lead-based paint and/or lead-based paint hazards must be made prior to auction. Buyer waives the 10-day opportunity to conduct such assessment and acknowledges receipt of lead-base paint disclosure form.
Ayers Realty LLC. is acting exclusively as agents for the seller.
New data, corrections, or changes could be made after the viewing of this document. Please arrive prior to the start of the auction to inspect and consider any new information and changes.
Auction price estimates are given on each lot. Estimates should not be relied on as prediction of the actual selling price or the actual value of any lot.