Auction Terms & Conditions General Real Estate Auction Terms: 1. A 10% buyer’s premium will be used to determine the final contract purchase price. 2. There will be a $5,000 non-refundable down payment on each property purchased and made payable to the auction company within 24 hours of the conclusion of the internet auction and this must be delivered to 911 E. Court Avenue at which time signing of the purchase contracts will take place. 3. A valid Visa or MasterCard is required to register & bid during the auction, and the bidder must have a minimum availability of the $5000.00 to bid. 4. The $5,000 cashier’s check must be from a local area servicing bank or financial institution and must be presented to the auction company at 911 E. Court Avenue, Jeffersonville, Indiana 47130 within 24 hours of the conclusion of the auction. Any useage of an out of area bank must be approved & verified by the auction company prior to bidding. 5. Failure to deliver certified funds for the down payment as specified in the online auction terms will result in a credit card transaction or other appropriate legal actions for the non-refundable down payment. 6. Balance of the final purchase price must be presented to the sellers at closing NO LATER THAN, 10 January 2017. All real estate closing must take place with Pitt & Frank Real Estate Closing Attorneys, New Albany, Indiana. 7. All property taxes due on 121 S. Clark shall be prorated between the buyer/sellers. Any taxes due on 115 E. Harrison shall be the responsibility of the buyer. 8. This property is being offered to the public and will be sold subject to no contingencies in regards to inspections or the policies and procedures of any lending instuition, once there has been an accepted purchase agreement between the buyers & sellers. 9. All terms and conditions posted online shall take precedence over all previous announcements. 10. The property will be sold as-is with no warranty, refunds or exchanges. The property will be sold to the highest bidder recognized at time of the auction close-out. 11. It shall be the bidder's responsibility to determine suitability of the property prior to the close of the bidding process. 12. Lead Based Paint inspection period on the residential property shall begin December 1, 2016. The presences or not of lead based paint shall not be cause for failure to close. Buyers shall sign a waiver for Lead based paint at time of signing the purchase agreements. Real estate will be available for inspections or preview beginning December 1, 2016 and by appointment only. 13. A public preview period/open house period will be posted online at the auction company website and is tentatively scheduled for December 4, 1 – 3PM . Any other showing will be by appointment only. 14. All real estate related inspections are welcome at buyers expense prior to the close of the auction, but property is being sold as-is. Watch this website for details or updates. 15. There will be a cooperating broker’s fee of 1% offered for this auction. 16. The property is being offered subject to prior sale, all outside offers will be presented to the sellers through Real Estate Unlimited and if accepted by the seller all online bidding will be terminated and this auction will be cancelled. 17. The Auctioneer and Real Estate Broker are acting as agents only for the seller; the auction company & real estate company staff reserve the right to bid. 18. For additional information or to schedule inspection appointments please call: John McGinnis, CAI, CES, CAGA, at 812-282-7253 concerning auction procedures, all other matters may be directed to Fran Evola, Broker, at 812-288-6080. Selling on behalf of multiple consignors. John McGinnis, Indiana Auctioneer's License AU19600081. McGinnis Auction & Appraisal Service, Jeffersonville, Indiana AC30900136 --------------------------------------------- ------------------------------------------ Terms Of Use

Seller User Terms

Bidder User Terms

Post Auction: A non-refundable down-payment of $5,000 must be presented to the auction company within 24 hours after the close of the auction for each property purchased.