AUCTION TERMS & CONDITIONS

If you are planning to bid at auction, you will need to register with us the day of the sale with photo identification required.  Please arrive early to complete bidder registration to receive a bid number to identify you if you are the successful bidder and to inspect and consider any new information and changes.

REAL ESTATE

  • Property sold “as is” with no contingencies.  All inspections are welcomed prior to auction.
  • Purchase price shall be paid in cash.  If buyer chooses to obtain financing for the balance of the purchase price, completion of this transaction is not based upon the condition of successfully obtaining financing.   All closing costs are a buyer’s expense.
  • A 10% non-refundable down payment in the form of cash or check is due immediately following auction upon signing of a legal binding purchase agreement.
  • Balance of the purchase price will be due in 30 days.
  • Real Estate Taxes, Assessments and Association Dues are prorated to day of closing.  Seller(s) shall pay real estate taxes and assessments that are payable during the year in which closing occurs, and taxes payable during the succeeding year as computed and prorated to day of closing unless specified otherwise.
  • Buyer(s) shall have complete possession day of closing, unless specified otherwise.
  • Real Estate subject to prior sale.

 

PERSONAL PROPERTY

  • Special attention has been given to accurately describe the items however prospective buyers need to make their own inspection.  We remind the prospective buyers that descriptions are not warranties and that each item is sold as is with all sales being final.
  • You are expected to pay for your purchases day of auction with payment made by check or cash.
  • If you cannot attend an auction, you may bid in another way by absentee bid.  Absentee bids are written instructions from you directing The Harritt Group to bid for you on one or more lots up to a maximum amount you specify for each lot.  The Harritt Group staff will execute your absentee bid competitively.  If identical bids are left by two or more parties, the first bid received by The Harritt Group will take preference.  The auctioneer may execute bids for absentee bidders directly from the podium, clearly identifying these are absentee bids.  Absentee bid forms are available by e-mailing terri@harrittgroup.com.  The Harritt Group offers this service as a convenience to our clients, but will not be responsible for errors or failures to execute bids.  A buyer’s premium of 10% of the final bid price is charged on all successful absentee purchases.  You are expected to pay for absentee purchases within seven calendar days from notification of your successful bid and remove the property you have bought by that date.  Payment can be check, cash, money order or bank wire transfer.  Shipping arrangements are the responsibility of the buyer.