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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 $500.00 for each lot planned to
purchase payable to yourself.
2. CONDITION of PROPERTY: The properties are offered in As-Is condition and
Bidders are encouraged to inspect the properties 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
the day of the auction. Any type of check will be
accepted for closing funds. 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.
5. FORM of AUCTION: The properties will be
offered Subject to Confirmation of
the Seller. Seller plans to liquidate all lots at
this auction.
6. GUARANTEED SELLER FINANCING AVAILABLE:
The sellers will be offering guaranteed financing on all
lots purchased at this auction - come prepared to take part in this
important event. All Property will close day of Auction, any type of check
will be accepted.
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TERMS of FINANCING
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| Down Payment |
20% |
| Term of Mortgage |
5 years |
| Interest Rate |
10% |
| Points/Fees |
None |
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Anything $10,000 or higher can go for up to 10 years at 10% Interest |
7. 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 September 19. Brokers or their agents will be expected to attend the
auction and register with their prospect.
8. BUYER’S PREMIUM: A 10 % Buyer’s Premium will be added to all Top Bids and
included in the total contract price.
9. 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 properties 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 properties 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.
10. PREVIEWS: The properties can be previewed on
a
drive-by basis. Contact George Richards @ National Auction
for more information.
11. DIRECTIONS:
From I-95 (exits 42A
(from south) or 42B (from north) go east on Hillsborough Boulevard to
location.
From Florida's Turnpike (exit 71) SW 10th Street head east to
Powerline Road turn left north to Hillsborough Boulevard turn right east
past I-95 to location.
11. AUCTIONEER CONTACT INFORMATION: If additional details are needed please
contact George Richards at (954) 658-5033 (cell) or grichards@natlauction.com
(E-mail). |
