Welcome to R.J. Montgomery and Associates, Inc.

TERMS AND CONDITIONS

1. BIDDER REGISTRATION: All prospective buyers must register to bid. A cashier's check or certified check, made payable to the purchaser, will be required at registration. The successful high bidder will be required to endorse said check as a non-refundable deposit to the broker.
2. DOCUMENTS AVAILABLE: A bidder's information packet for this property will be available on the day of the auction and will include the legal description with a specimen of the real estate purchase and sale agreement.
3. PROPERTY INSPECTION: Preview of the property is essential. Property is being sold in "As Is, Where Is" condition with no expressed or implied warranties. Property will be sold subject to all easements, restrictions, zoning and other matters of record.
4. RESERVE BID: Seller reserves the right to accept or reject all bids.
5. AUCTION AND BID FORMAT: Auctioneer and/or Broker reserves the right to bid on behalf of any buyer. The auctioneer reserves the right to conduct the auction and to accept bids in any increments he feels are in the best interest of the Seller and reserves the right to waive any previously printed or announced requirements.
All auction day announcements supersede any printed material or any other auction statements previously made. The Auctioneer may elect to cancel the auction at anytime without penalty. The Auctioneer and/or Broker shall be held harmless by the buyer and/or seller should the property fail to go to a successful settlement for any reason.
All bidding is open and public. To bid during the auction, a registered bidder need only raise a hand, shout out a bid, or instruct an auctioneer's bid assistant to call out a bid on your behalf.
6. REQUIREMENTS OF THE SUCCESSFUL BIDDER: There will be a buyer's premium. The last bid (plus the buyer's premium, if applicable) will establish the final sale price, if accepted by the Seller. Immediately upon conclusion of the bidding, the successful high bidder will be required to sign the real estate purchase agreement, and will deposit a certified or cashier's check in the amount of with the Broker.
7. FINANCING: This property is being sold for cash not subject to any financing. Should you require financing, be sure to have your financing in place prior to bidding.
8. TAXES: Taxes will be prorated to the day of closing.
9. CLOSING: The sale will close within Thirty (30) days of auction subject to no contingencies, with the balance of the purchase price due at closing.
10. TITLE: At closing the Seller shall provide a warranty deed without liens, subject to all easements, restrictions, zoning and other matters of record.
11. OCCUPANCY: Successful buyer shall have occupancy at closing.
12. AGENCY DISCLOSURE: Broker, Real Estate Salespersons, and Auctioneers are agents of the Seller in the sale of this property.
13. DISCLOSURE: All information in this package was derived from sources believed correct, but is not guaranteed. All property dimensions are only approximations. Buyer shall rely entirely on his own information, judgment, and inspection of property and records. Any other terms and conditions will be announced on the day of the auction and will take precedence over printed matter.
14. FAIR HOUSING: As required by Federal and State laws; Auctioneer, Broker, and/or Seller will not discriminate because of race, religion, color, national origin, sex, marital status, age, height, weight, physical disability, mental disability, or familial status.
15. BROKER'S NOTICE: Please call for details. Not all auctions have co-broker participation. A Broker must register a buyer 72 hours prior to the auction if that specific auction offers co-broker participation.
16. RISK TO PERSON AND PROPERTY: Any person attending the inspection or auction sale assumes all risks of damage or loss to person or property and specifically releases the Auctioneer and/or Broker and his principal (s) from all liabilities.
17. BIDDER(S) ACKNOWLEDGMENTS: By signing below you, as the successful bidder, agree to the terms and conditions stated herein. This document is part of the non-contingent Purchase Contract of sale for property/s being offered at Auction on this date.

In the event of any conflict between this document and the purchase agreement, the purchase agreement will prevail.

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