Terms & Conditions of Sale

CONTRACT: A meeting will be held on the Tuesday following the open house bidding at our closing attorney with the highest/best bidder. The purpose of the meeting will be to execute the lease option agreements and accept an optoin deposit (must be certified funds). The agreements and deposit will be held in escrow, until the bidder’s application is reviewed. Terms of the contract shall supercede any terms to the contrary contained herein. Failure by the initial successful bidder to sign the lease option agreements and tender the optino money by the end of the meeting will disqualify that bidder. If the highest bidder is disqualified, the next bidder will be notified immediately.

PURCHASER QUALIFICATION: Bidders must fill out and submit a lease application within 24 hrs of signing the contract. If the application is not approved, the deposit will be returned promptly, minus the application fee. If the application is approved, the bidder will receive the keys, upon tendering the 1st month's rent, and may move in.

**REALTOR OR BROKER FEES: The owners will not be responsible for any commission or fees due to a broker or real estate agent representing a buyer. If a buyer elects to work with a broker or real estate agent the buyer will be solely responsible for any fees or commissions incurred. All bids MUST BE NET TO SELLER.

Sale Postponement/Cancellation: Owner/Seller reserves the right to postpone or cancel the auction if, in their opinion, an insufficient number of calls are not received by Friday evening or due to illness, foul weather or force majeure. In any event the sale may be cancelled altogether or postponed to an alternative weekend. Notice will be given to all...so we encourage you to call leaving your name and phone number specifically for this purpose. Seller also has right to reject an offer if it does not meet the reserve.

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