Lewis County BOE Alum Bridge School Auction

Real Estate Terms: 10% nonrefundable down payment made the day of auction with the balance due at closing. No financing or other contingencies. Any required inspections must be completed prior to bidding. All information contained herein derived from sources deemed reliable but not warranted. Sold as is no warranties written or implied. Property will be sold free and clear of any & all liens and encumbrances. 45 days to close. Announcements the day of the auction, take precedence over all previous advertising and statements. 10% buyer’s premium will be added to determine the final contract price.

DISCLOSURE: Kaufman Realty & Auctions of WV is acting as Auctioneer/agent and is an agent for the seller only.
DISCLAIMER: Information contained herein is believed to be correct to the best of auctioneer/agent’s knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions.
All square footage and other dimensions are approximate.

BUYER/BROKER INFORMATION: 3% Commission will be paid to any properly licensed buyer's broker who registers a successful buyer according to the Broker Participation Guidelines. Broker registration forms are available. Call for Broker Registration Form, or print it from the documents tab for that specific Auction. Must be registered & Approved 24 hours prior to Auction. Brokers/Agents are not entitled to a commission if they are the purchaser.
All lots are sold as is, where is, with all faults, imperfections and errors of description. Due diligence is the responsibility of the bidder/buyer. All sales are final. Buyers assume complete responsibility for care of each purchase at time of sale. Announcements day of sale take precedence over written material and any prior verbal statements. Not responsible for accidents, thefts, errors or omissions.


ONLINE AUCTION TERMS:

10% nonrefundable down payment made the day of auction with the balance
due at closing. No financing or other contingencies.

Any required inspections must be completed prior to bidding. All information contained herein derived from sources deemed reliable but not warranted. Sold as is,where is no warranties written or
implied. Property will be sold free and clear of any & all liens and encumbrances. 45 days to close.
10% buyers premium will be added to determine the final contract price.

At the close of the auction, successful bidders will be emailed a contract to be executed and returned to Kaufman Realty & Auctions of Wv. Successful bidders will deposit 10% of the purchase price in the form of cashier′s check or wire transfer with Kaufman Realty & Auctions, Inc. The entirety of the remaining balance is due at closing. Instructions for wire transfer and /or cashier′s check transmittal will be sent by e-mail to the successful bidder. Purchaser shall be responsible for all wire transfer fees.

Contract Documents will be sent by e-mail to the successful bidder, who must execute and fax or email back to Kaufman auctions within 48 hours of the end of the auction.

Successful bidders not executing and returning their contract with earnest money deposit within 48 hours of the conclusion of the auction will be considered in default.

Buyer′s Premium Example:
Bid Price: $100,000
Plus 10% Buyer′s Premium: $10,000
Total Contract Price: $110,000

Closings: Time being of the essence, these sales shall be closed within 45 days after the ending date of the auction. The seller will pay for preparation of the deed of conveyance, and all ad valorem taxes up to the date of closing. HOA fees and condominium assessments, if any will be prorated up to the date of closing.