Auction Terms
TERMS & CLOSING: Each purchaser or winning bidder shall make a down payment at the conclusion of the auction of 15% of the purchase price in the form of cash, certified check, cashier's check, or good personal check secured by purchaser's personal demand note payable to the Auctioneer. Balance to be paid for a general warranty deed and insurable title on or before 30 days. Properties with owner financing are noted.
ATTENTION BROKERS: Broker participation is invited. Call Auctioneers for details, required registration forms, and registration deadline. Form also available on website. www.remax100auctionteam.com
BUYER'S PREMIUM: A 10% Buyer's Premium will be added to the winning bids to determine the contract selling price for each property. Buyers over the Internet pay an 11% buyers premium.
INTERNET BIDDING: You may bid in advance of the auction and live during the auction if you have been approved and make the necessary downpayments or required deposits in advance to Auctioneers Escrow account. This will be $5000.00 single family homes and $10,000 for any Commercial Investment property. The total amount of the 15% of the selling price shall be wired to auctioneers by close of business before 4 pm on March 17, 2010 or down payment will be forfeited and property sold to runner up bidder. Purchase agreements will be posted on web site.
AUCTION LOCATION: Auction Held at Holiday Inn 1325 S. Hurstbourne Ln at I-64 in Louisville. (502)426-2600
TRADES AND LEASE OFFERS: Auctioneers will consider trades of other real estate equities as a portion of your purchase price, provided these are cleared with them well in advance of the auction. Advance lease offers solicited from potential tenants.
PRIOR SALE or LEASE: Each property is subject to prior sale or lease.
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Auction Terms
