REAL ESTATE TERMS: The high bidder will be required to place a non-refundable bid deposit of $25,000.00, which will be held as earnest money in escrow until closing and will then be credited to the buyer as part of the purchase price of the property. The successful bidder must sign the real estate contract immediately upon conclusion of the bidding with the closing to take place within 30 days from the date of the auction. The entire purchase price must be paid by cashier’s check or certified check, or wired funds at closing. No purchase shall be contingent on financing or any other contingencies. Buyer is entitled to and the seller will provide clear title for property upon full payment.
UPON CONCLUSION OF THE AUCTION: The successful bidder will immediately be emailed a real estate contract to print and sign. The contract will have already been signed by the Seller as this auction is ABSOLUTE. The winning bidder will sign the real estate contract and fax it to Blue Sky Auctions, LLC by 12:00 PM on October 15, 2010 and the earnest money ($25,000) will be wire transferred to the escrow account of the closing title company, First Guaranty Title, within the same time frame, 12:00 PM on October 15, 2010.
CONDITION OF PROPERTY: Property is sold 'AS IS, WHERE IS' condition and neither Kelly Hogue, auctioneer of Blue Sky Auctions, LLC, the sellers, nor their representatives, agents, or employees make express or implied warranties or representations of any kind.
BUYER’S PREMIUM: A buyer’s premium of 10% will be added to the high bid to determine the total price for the real estate.
BID INFORMATION: When you bid your maximum bid, the current bid price doesn't automatically advance to your maximum bid. Another bidder has to bid to increase the current price and the computer will automatically bid up to your maximum in the increments specified. This auction has what is called an 'Auto Extend' feature, meaning the auction will not close until all bidding parties are satisfied and no one can be outbid at the last second without having another opportunity to bid again. If any bids are placed within the last 10 minutes of the auction, the bid will extend for 10 minutes. The bidding will extend in 10 minute increments from the time the last bid is placed until there are no more bids, and the lot sits idle for 10 minutes.
DISCLAIMER: All information included herein was derived from sources believed to be correct, but is not guaranteed.
BLUE SKY AUCTIONS, LLC
KELLY HOGUE, CAI, AARE, CES * MAL #1102