Auction Terms & Conditions 1. General Real Estate Auction Terms: A 10% buyer's premium will be added to determine the final contract purchase price.
2. A valid Visa or MasterCard is required to register & bid during the auction, and the bidder must have a minimum card availability of the $5000.00 to bid. A cashier's check for $5000.00 from a local financial institution, with a bank letter of guaranteed credit addressed to the auction company, must be presented to the auction company at 412 E. Court Avenue, Jeffersonville, Indiana 47130 within 24 hours of the signed purchase contract., but no later than 6PM, September 25, 2019.
3. Failure to deliver certified funds for the down payment as specified in the online auction terms may result in credit card transactions for the non-refundable down payment or other legal actions as necessary.
4. Balance of the final purchase price must be presented at closing within 30 days from the day of contract acceptance.
5. All property taxes due shall be prorated between the buyer/sellers.
6. All terms and conditions posted online shall take precedence over all previous announcements. The property will be sold as-is without warranty, refunds or exchanges. It shall be the bidder's responsibility to determine suitability and accuracy of the property prior to the close of the bidding process. Any personal property left on the property shall be the responsibility of the buyer for removal and not the seller.
7. All property taxes shall be prorated between the buyer & seller at time of closing.
8. The property will be sold as-is, with no contingencies. Lead Based Paint inspection period to begin on September 8, 2018. Real estate will be available for inspections or preview beginning September 8. There will be a open preview on Sunday September 15, 12 Noon, at 1848 Portland Ave. Proceeding the other locations at 1 hour increments - last location ends at 5PM. No other open periods offered.
9. All real estate related inspections are welcome at buyer's expense prior to the close of the auction, but property is being sold as-is. Watch this website for details or updates, www.mcginnisauctions.com. John McGinnis, CAI, Broker, 502-417-5681
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