Real Estate Auction Services
-Vacant Land, Houses, Condo's, Buildings & Commercial Property
Real Estate Auction Terms & Conditions
* All properties sell to the HIGHEST BIDDER, at all auction sales, whether an "Absolute Auction" (regardless of price) or Reserve Auction Sale (reserved price with minimum upset).
*All properties are sold "AS IS" with no warranties announced or otherwise implied.
*5% Buyer's Premium charged on each property.
*$10,000.00 deposit for each individual property at auction in the form of cash, certified bank check made payable to "Casale & Co. Auctioneers", additional deposit due equaling at least 10% of the winning bid due within 5 days of auction. Bidders must be in possession of deposit in order to obtain paddle and bid at any Real Estate Auction.
*Bidders should be in possession of updated bank pre-qualification if purchase is not to be "all cash" deal.
*Closing within 30 days of auction sale.
*Buyer obtains possession of property with deed at closing of title.
*Buyer's responsibility to obtain title insurance and bank approved survey, if applicable for closing.
*Buyer's responsibility for their closing attorney fees.
*All real estate taxes to be adjusted and pro-rated per diem at closing of title.
*Water and sewer bills adjusted and pro-rated per diem at closing of title. *Transfer Tax paid by buyer.
*Any mortgages, liens or encumbrances will be satisfied by the seller at closing of title.
*Bidders are requested to register 3 days prior to auction, but can register one hour prior to sale at the sale location.
*Property inspections held as per advertised and one week prior to auction at an "Open House".
*All properties to be auctioned at the date and time posted, no property may be purchased prior to the auction sale. All sales are final. Winning bidder's failure to complete transaction within 30 days will forfeit down payment at auction sale contract signing.
*Any and all announcements at the auction by the Licensed Auctioneer shall overturn any written terms.
*All closing costs are the responsibility of the buyer, (except seller attorney fees, mortgages, equity loans and any and all liens) including, but not limited to the aforementioned title search, title insurance, transfer taxes, mortgage taxes, buyer attorney fees, surveyor fees and the like.
*Broker participation welcomed. Brokers must call to register their client and intended attendance at the sale. Broker paid commission of 2% of the Auction Selling Price.
*EQUAL HOUSING OPPORTUNITY
*All Real Estate Auctions are conducted in full compliance with Federal Fair Housing Laws.
Selling your home or property at Auction is not a last resort, it's an alternate selling method that works!
Have you had your property listed with a Broker for a conventional sale? No takers? Tired of paying taxes, utilities, insurances and fees?
TRY AN AUCTION!
Call today to find out if a Real Estate Auction is right for you!
Free Confidential Consultation.
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