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Developers Closeout
Auction - Last 6 Units
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RENAISSANCE
CONDOMINIUMS
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Auction
No.:
08-023
6 Two Bedroom - 1 Bath Condominiums
Auction
will be Conducted at:
Renaissance Condominiums Clubhouse
301 Oak Rose Lane
Tampa, Florida 33612
11:00
A.M. · SATURDAY · MAY 31
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Terms & Conditions of Sale
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1. BIDDER REGISTRATION: The
auction is open to the public and your attendance is welcomed. To
participate in the auction, Cash or a Cashier’s Check in the amount of
$2,500.00 must be displayed at the time of registration. All checks should
be made payable to National Auction Company Escrow Account.
2. CONDITION of PROPERTY: The property is offered
in As-Is condition and Bidders are encouraged to inspect the property prior
to the auction.
3. CONTRACT & DEPOSIT OR REAL ESTATE: The total
deposit due from top bidders on auction day will be the 10% of the contract
price which includes the Cashier’s Check displayed at the time of Bidder
Registration. Any difference between the Cashier’s Check brought to the
auction and 10% of the contract price can be paid by cash, corporate or
personal check with a valid driver’s license and will be due immediately
after the auction and execution of the Purchase Agreement immediately
following the auction. The form of the Purchase Agreement will be available
for inspection prior to the auction and is not negotiable. In the event any
language included in any of the advertising materials conflict with those
contained in the Real Estate Purchase Agreement, the language of the
contract will prevail.
4. CLOSING DATE & CLOSING COSTS: The Real Estate
Purchase Agreement provides for closing on or before 30 days after the
auction but no later than July 30, 2008. The Seller will provide and pay for
a Title Insurance Policy showing title to be good and insurable. Payment for
documentary stamps required to transfer title will be the responsibility of
the Purchaser. Real Estate Taxes will be prorated to the date of closing.
Condominium Association Fees prorate to date of closing.
5. FORM of AUCTION: The property will be sold
Subject to Confirmation of the Seller. This is a closeout auction - all
units are expected to be sold - please come prepared to participate.
6. REAL ESTATE BROKER PARTICIPATION: We welcome
the participation of other real estate brokers and their associates. Please
call National Auction Company for details and instructions for registration
of prospects. A fee equal to 20% of the net commission received by National
Auction Company will be paid at the time of closing. Registrations must be
in writing on a Broker Prospect Registration Form and received by National
Auction Company by 5:00 PM on May 30. Brokers or their agents will be
expected to attend the auction and register with their prospect.
7. BUYER’S PREMIUM: A 10 % Buyer’s Premium will be
added to all Top Bids and included in the total contract price.
8. CONDUCT of AUCTION:
• The terms and conditions may be changed or modified by announcement from
the auction podium. Any such announcement will take precedence over
previously printed materials or oral statements made.
• Bids will be accepted from registered bidders only and increments of
bidding will be at the discretion of the auctioneer.
• In the event of tie bids or disputes between bidders, the decision of the
auctioneer will be final.
• The Seller does not expect to entertain offers for the property prior to
the auction, however, reserves the right to add or remove any property from
the auction. In the event an offer is made to purchase the property prior to
the scheduled auction date and the Seller decides to accept, the auction may
be postponed or cancelled.
• The auction will be audio or video recorded to provide a record of the
event.
• Bidders should rely upon their own inspection of the property, information
and judgment as measurements, stated square footage or similar information
may be estimations.
• All information contained in the brochure, newspaper advertising, web site
or provided by staff members is believed to be correct but is not
guaranteed.
9. PREVIEWS: The property can be previewed on
Friday, May 30, from 10:00 A.M. until 5:00 P.M, two hours prior to auction
and by special appointment. Contact George Richards to schedule.
10. DIRECTIONS:
From I-75 (Tampa): Exit # 265 (SR 582 West -
East Fowler Avenue, University of South Florida/Busch Gardens/Temple
Terrace). At Exit #265, turn onto East Fowler Avenue and continue to US41
Business (North Florida Avenue) and turn right. Continue on North Florida
Avenue to 124 Avenue East and turn right. Continue to entrance to
Renaissance Condominiums.
From I-275 (Tampa) Exit at Fowler Avenue.
Continue to North Florida Avenue and continue to 124 Avenue to entrance to
Renaissance Condominiums.
Located Close to the University of South Florida Campus
11. AUCTIONEER CONTACT INFORMATION: If additional
details are needed please contact George Richards at (954) 658-5033 (cell)
or grichards@natlauction.com (E-mail). |
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