Auction Terms

GUARANTEED OWNER FINANCING TERMS:

20% down payment; balance amortized for 20 years with those payments of Principal and Interest at 8% made to the seller for 35 months with a balloon on the 36 month. (copy of mortgage and note will be on website) PROPERTY SELLS "AS IS - WHERE IS".

REAL ESTATE TERMS:

As a bidder you should know - An auction fee (buyer's premium) of 10% will be added to the highest bid to establish the final contract price. A 10% down payment (earnest money) or $10,000.00, whichever is greater, is required from winning bidder when the hammer falls and the auctioneer says, "sold". $10,000.00, of the down payment, (earnest money) must be in the form of a cashier's check, cash, or personal / business check with a bank letter of guarantee. Down payment (earnest money) is non-refundable if purchaser fails to close. The balance of the purchase price is due at closing within 40 days. All closing and survey costs are to be paid by the purchaser. The successful high bidder and purchaser will sign a real estate purchase agreement at the auction. In all transactions, the auctioneers of Granger, Thagard & Associates, Inc. are acting as agents (working for) of the Seller. Announcements from the auction stand take precedence over all previous oral statements and printed material. PROPERTY SELLS "AS IS - WHERE IS".

Call our office at 205-326-0833
for additional assistance.