Terms: 10% Down payment at the conclusion of the auction upon signing of Purchase Agreement. Signed Purchase Agreement and down payment due at Wears Auctioneering offices by 12:00 Noon Friday, October 23, 2015. If High bidder does not perform by 12:00 Noon Friday, October 23, 2015 as outlined above, back up bidder will be given the opportunity to purchase property at their last bid.
A 5% Buyer's Premium is in affect for this auction. If your bid is $100,000.00, 5% will be added to the final bid. ie: $100,000.00 + $5,000.00 Contract price of $105,000.00.
The remaining balance will be due upon delivery of Deed and Abstract showing merchantable title at time of closing.
Closing to occur on or before November 23rd , 2015.
Taxes will be prorated to date of possession.
Possession will be given at time of closing.
The auction is NOT subject to financing or any other contingencies and buyer MUST close no later than November 23, 2015 or their Down payment will be forfeited.