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Terms for Bidding
Thank you for participating
in today’s auction. If this is your first time to purchase
real estate via auction it is important that you familiarize
yourself with terms of the sale, as buying real estate at
auction is final and irrevocable-the terms of sale are not
subject to change or negotiation after the fact. Good luck
and good bidding!
THIS IS A BINDING CONTRACT BY
SIGNING UP ON THIS WEBSITE OR SIGNING THE ONSITE BIDDER CARD
AND BIDDING ON THE AUCTION, YOU AGREE TO BE BOUND BY ALL
TERMS AND CONDITIONS, INCLUDING THE CONTRACT FOR SALE AND TO
PAY ALL SUMS REQUIRED UNDER THE CONTRACT. A BUYER’S PREMIUM
MAY APPLY TO THIS PROPERTY. PLEASE REVIEW THE SALE DAY NOTES
AND LISTEN TO THE AUCTIONEER FOR SPECIFICS.
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DO NOT BID until you have
read the Contract for this sale, including all addendums
(the “Contract”) and acknowledge this is a CASH, AS IS
auction, subject to down payment requirements, buyer
closing fees and each property may be subject to a
Buyer’s Premium of 3%($2,500 minimum) added to the high
bid OR an auction service fee of $3,000. By bidding, you
are representing to “Broker” and/or “Auctioneer” and the
Seller that you have read and agree to be bound by the
terms and conditions for this sale as stated in the
Contract. If you do not agree with any of the terms and
conditions stated in the Contract for this sale you must
not bid or you will be bound by those terms and
conditions. Please see the Sale Day Notes, the Contract
for Sale and/or the Auctioneer for specifics about each
property.
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YOU ARE ON THESE PREMISES
AT YOUR OWN RISK. Auctioneer, Broker, and Seller, their
agents and employees, expressly disclaim any “invitee”
relationship and shall not be liable to any person for
damages to their personal property when in, on or about
these premises, or while attending open houses, not
shall they be liable for hidden defects, dangers or
conditions. All persons are on the premises at their own
risk and shall defend indemnity, and save harmless
Broker and Seller from any and all liability attendant
thereto.
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THE SALE WILL BE
CONTROLLED BY THE AUCTIONEER. World Wide Auction Group
represents the Seller only. If a tie or dispute occurs
between two or more bidders the Auctioneer may re-open
the bidding at the Auctioneer’s sole discretion and
shall serve as the sole arbiter as to who is or is not
allowed to bid. The Auctioneer represents the right to
group, add to, delete, withdraw, consolidate or break
down lots and/or quantities offered, to sell out of
scheduled sequence, to reject any bid which is only a
fraction advance over the preceding bid, to regulate
bidding, and to accept or reject and or all bids. The
Auctioneer reserves the right to enter bids on behalf of
absentee bidders as specified in 21 NCAC 4B. Any and all
decisions of the Auctioneer regarding the conduct of the
auction shall be final and absolute without liability to
any part.
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YOU WILL BE LIABLE FOR
ANY UNLAWFUL OR DAMAGING CONDUCT. The Auctioneer will
receive bids, at his discretion, from any bidders who
conduct themselves in an orderly manner. Any person who
bids in bad faith, has a history of bidding in bad
faith, is drunken, or acts in a boisterous, loud or
otherwise disorderly manner that is disruptive to the
sale will not be permitted to bid, will be required to
leave the sale premises and will be held liable to the
Seller and/or Auctioneer for any damages caused
including without limitation defamation, slander or
trespass. If a bidder breaches any of these terms for
bidding, Seller and/or Auctioneer shall be entitled to
reimbursement of all reasonable attorney’s fees and
expenses as a result of such breach and may be excluded
from future auctions.
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