Terms and Conditions of Auction: The property will sell in its present existing condition with all faults and without warranties provided by the seller or REALTOR/Auctioneers whatsoever.
A 5% Buyers Premium will be added to the high bid price to determine the contract price. Example: $100,000 high bid plus 5% Buyers Premium ($5,000) makes contract price $105,000.
The property will sell for cash.
10% of the contract price down the day of auction with the remainder due upon delivery of the deed and marketable title. Purchaser to arrange for their own financing. The sale is not subject to any inspections or financing that might be required by the high bidders lender. All costs for high bidder's loan will be the responsibility of the high bidder and not the seller. Real estate taxes to be prorated to the day of closing. The seller reserves the right to refuse the last high bid.
A Transaction Fee of $150.00, to be shared equally between the Seller and Buyer, shall be paid to Countrywide Realty, Inc. at the time of closing. If contract is closed by Countrywide Realty, Inc., a closing fee of $100.00 for cash closing or $150.00 for loan closing shall be paid by Purchaser to Countrywide Realty, Inc., at the time of closing, in addition to said transaction fee.
Each and every bidder is urged to inspect the property before submitting a bid on the property.
All Prospective Bidders: The property will sell in its present condition "as is" "where is" without warranties, guarantees or inspections provided by the seller or REALTOR/Auctioneers whatsoever. All prospective bidders are urged to inspect the property and have any and all inspections completed (at your expense) prior to auction day. Bidders you are urged to review all documents on file with the city, county, state of Kansas, and title reports prior to auction day. All information is provided by others and is deemed reliable but not guaranteed by REALTOR®/Auctioneers. The high bidder accepts the property in its present condition without any inspections provided by the seller or REALTOR®/Auctioneers such as EPA, lead base paint, surveys, structural, mechanical, electrical, plumbing, (septic where applicable), mold mildew, moisture damage, termite damage, EIFS, or code enforcement violations of applicable governing body. Bidders, you should have completed these inspections prior to auction day to your satisfaction. Bidders, you should have completed your risk assessment inspection for the presence of lead base paint within 10 days prior to auction day on homes constructed prior to 1978. Purchaser agrees to sign a waiver to conduct a lead based paint inspection at the time of signing the real estate contract. (Contact auctioneers with questions concerning lead base paint.)
The seller and REALTOR®/Auctioneers make no other representation or warranties expressed or implied with respect to the compliance with the accessibility laws or the environmental condition of the premises and the surrounding properties. The property will be sold subject to restrictions, reservations, easements, assessment community contracts, and zoning orders. Bidders should satisfy yourselves with respect to all issues which you deem material to the transaction.
Statements made the day of auction takes precedent over anything printed or stated prior to auction day.
Seller(s) and/or REALTOR®/Auctioneers are not responsible for accidents or theft.
Real Estate Licensees: A commission of 3% of the selling price will be paid at the time of closing to any real estate licensee representing a buyer on the day of auction. However, said real estate licensee must have registered said buyer in writing or online 24 hours before the day auction with Darrell Simnitt of Countrywide Realty, Inc. or Terry Simnitt of Coldwell Banker Griffith & Blair and be with said buyer the at the auction. Seller will not offer sub-agency to any real estate licensee. All real estate licensees will represent the interests of the buyer and not the interests of the seller. Realtor/Auctioneers represent the seller and are agents of the seller.
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