Terms: Successful bidder will be emailed a contract to be executed and returned to Kaufman Realty & Auctions of Wv. Successful bidders will deposit 10% of the purchase price in the form of cashier’s check or wire transfer to Kaufman Realty & Auctions of WV. The entirety of the remaining balance is due at closing. Instructions for wire transfer and /or cashier’s check transmittal will be sent by e-mail to the successful bidder. Purchaser shall be responsible for all wire transfer fees.
Contract Documents will be sent by e-mail to the successful bidder must execute and fax or email back to Kaufman Auctions within 48 hours of the end of the auction.
Successful bidders not executing and returning their contract with earnest money deposit within 48 hours of the conclusion of the auction will be considered in default. 10% buyer’s premium will be added to determine the final contract price.
Buyers Premium Example:
Bid Price: $100,000
Plus 10% Buyers Premium: $10,000
Total Contract Price: $110,000
Down Payment $11,000
10% nonrefundable down payment made the day of auction with the balance
due at closing. No financing or other contingencies. Any required inspections must be completed prior to bidding. All information contained herein derived from sources deemed reliable but not warranted. Sold as is no warranties written or implied. Property will be sold free and clear of any & all liens and encumbrances. 45 days to close. Announcements the day of the auction, take precedence over all previous advertising and statements.
DISCLOSURE: Kaufman Realty & Auctions of WV is acting as Auctioneer/agent and is an agent for the seller only.
DISCLAIMER: Information contained herein is believed to be correct to the best of auctioneer/agent’s knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions.
All square footage and other dimensions are approximate
Timber is 1 cutting only, Buyer has 1 yr. to harvest timber if failed to harvest in 1 yr. timber buyer cost to renew contract for 6 month is $10,000 paid to the land owner. Buyer is buying timber based off of the Inventoried Sawtimber Volume Table which is available under documents on kaufmanauctionswv.com