Real Estate Terms & Conditions:

1. PROCEDURE: In the first round of bidding, the property will not be considered "SOLD" but will be considered "PENDING". The auctioneer will meet with the seller and then the property may be opened back up for additional bids.

2. ACCEPTANCE OF BID PRICES: Winning bidder will enter into a Contract to Purchase immediately upon being declared the Successful Bidder by the Auctioneer. The Seller reserves the right to reject any and all bids. Once accepted, this agreement shall be binding on the parties and their successors and assigns. This agreement is NOT subject to financing, inspections, or other contingencies that delay the closing for any such reason.

3. DOWN PAYMENT: 10% of the contract purchase price will be due upon acceptance of the Sales Contract. Personal or Cashier's Checks will be accepted. This is "AS IS, WHERE IS" and is non-refundable.

4. CLOSING: Closing shall be within 30 days of the auction date.

5. POSSESSION: Possession will be given at closing, subject to the remaining rights of the current tenant(s) if any.

6. TITLE: Seller shall furnish the buyer at Sellers expense an Owners Policy of Title Insurance in the amount of the purchase price, and agrees to provide and execute a proper deed conveying merchantable title to the real estate to the buyer.

7. REAL ESTATE TAXES: Real Estate taxes shall be prorated as of the date of closing between the Seller and the Buyer.

The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyer should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to this property. Real estate (including all improvements, if any) is being sold As Is, Where Is with NO warranties expressed or implied. Please make all inspections and have financing arranged prior to the end of bidding. Not responsible for accidents or theft. Statements made the day of auction take precedence over printed material.

Cash, approved check, or credit/debit card (convenience fee will be applied) accepted. Must have proper ID to register for a buyer number. Nothing to be removed until settled for. Not responsible for accidents or theft. The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. Statements made the day of auction take precedence over printed material.

Shelbina Real Estate & Personal Property