NO BUYERS PREMIUM. Auction will auto extend 5 minutes until there is 5 minutes of inactivity. 10% nonrefundable down payment day of sale with the balance due at closing. No financing or other contingencies, property sells “AS IS”. Any required inspections must be completed prior to bidding. Sellers to transfer any and all owned mineral rights. Property sells subject to all articles of record. Announcements day of sale take precedence over all previous advertising and statements. Auction will be offered in various amalgamations, including as individual parcels or lots, combinations of parcels or lots, and all parcels or lots as a whole. See sale order addendum day of sale for more details.
At the close of the auction, successful bidders will be emailed a contract to be executed and returned to Kaufman Realty & Auctions. Successful bidders will deposit 10% of the purchase price in the form of cashier′s check or wire transfer with Kaufman Realty & Auctions, Inc. 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, who 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.
Closings: Time being of the essence, these sales shall be closed within 90 days after the ending date of the auction. The seller will pay for preparation of the deed of conveyance, and all ad valorem taxes up to the date of closing. HOA fees and condominium assessments, if any will be prorated up to the date of closing. The purchaser will pay all other closing costs associated with this sale.