Power House Team Inc. (hereinafter Listing Broker) will offer the property for auction according to the following terms and conditions: Announcements and information, provided on the day of the auction will take precedence over printed marketing material. THE PROPERTY IS SOLD "AS IS," WITH NO CONTINGINCIES AS IT RELATES TO FINANCING APPRAISAL OR INSPECTIONS AND ALL SALES ARE FINAL. THE SUCCESSFUL BIDDER ACKNOWLEDGES THAT THE AUCTIONEER AND THE SELLER HAVE MADE NO IMPLIED WARRANTY OR REPRESENTATION OF ANY TYPE AS TO THE PROPERTY AND THAT THE PROPERTY IS SOLD WITHOUT ANY WARRANTIES WHATSOEVER, EXPRESSED OR IMPLIED AND SPECIFICALLY THERE IS NO WARRANTY OR MERCHANTABILITY AND NO WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE. Though all descriptions and information are believed to be correct, in no event shall auctioneer or seller be held responsible for having made or implied any warranty of description, genuineness, condition etc. The property is open to thorough public inspection at the published property preview dates. Auctioneer reserves the right to withdraw any item before or during the auction. Only registered bidders may bid on the property being sold, any exceptions to this requirement shall be within the sole discretion of the Auctioneer. No allowances, adjustments or rescission of sale will be allowed based upon failure of the property to correspond to a particular need. The registered bidder will be responsible for any bid or purchase made. A BUYERS PREMIUM OF 3% WILL BE CHARGED TO THE BUYER AS A CLOSING COST, DUE AND PAYABLE BEFORE CLOSE OF ESCROW. Bidder acknowledges that a security deposit of $5000 is required upon being declared the winning bidder; this money will be deposited into Listing Brokers trust account until time of closing when it is transferred to escrow. RESPONSIBILITY OF BIDDER AND INDEMNIFICATION: Bidder agrees to assume the defense of and indemnify and hold harmless the Listing Broker for all claims, loss, damage, injury and liability of every kind, directly or indirectly caused by acts of bidder and/or its agents in connection with this auction or the use of the property by the successful bidder. If the foregoing conditions or any other applicable conditions are not complied with, in addition to other remedies available to the Listing Broker and the Seller by law, including, without limitation, the right to hold the successful bidder liable for the bid price. The Listing Broker, as its option may either (a) cancel the sale, retaining as liquidated damages all payments made by the successful bidder or (b) resell the property publicly or privately and in such event, the successful bidder shall be liable for payment of any deficiency plus all costs, including the holding costs of the property, the expense of both sales and incidental damages. In any action to enforce and/or recover damages pursuant to this document Listing Broker shall be entitled to recover its attorney fees, expenses and all cost of suit incurred in such action. If you are the high bidder and fail to sign the purchase contract within 48 hours you forfeit your bid and agree to pay Listing Broker $500.00 plus any collections and/or attorney fees.
BROKER PARTICIPATION INVITED. PLEASE BE SURE BROKER INFORMATION IS ON BIDDERS REGISTRATION FORM. (Available as a download supplement on the MLS listing) All information in this brochure was derived from sources believed correct, but is not guaranteed. All property measurements are approximate. It is Buyer’s responsibility to verify all permits, property use and property specifications before placing a bid. Listing Broker is agent of seller only.
Thank you for attending today’s auction.