ABSOLUTE AUCTION

Terms and Conditions

REGISTRATION
In order to receive a bidder’s number, you must register by presenting a driver’s license and guaranteed funds (cashier’s check) in the amount of $2000 made payable to yourself. Buyer of storage building, if other than buyer of lot and land, will pay cash or good check day of auction.

DAY OF AUCTION DEPOSIT

If you are the successful bidder, you will endorse the cashier’s check over to the auction company as part of your day of auction deposit of 10% of your bid. The balance of your deposit may be paid with a personal or company check.

CONTRACT OF PURCHASE

The successful bidder must sign a real estate purchase contract immediately upon the conclusion of the bidding.

BUYER’S PREMIUM

A Buyer’s Premium of ten percent (10%) will be added to the successful bidder’s high bid to determine the Total Purchase Price.

CLOSING

Closing shall take place no later than thirty (30) days after the auction at the offices of Independence County Abstract, 150 South Broad Street, Batesville, AR 72501, Phone number 870-793-3333.  The entire Purchase Price less the day of auction deposit must be paid by cashier’s check other certified funds.

SELLER’S WARRANTY

The only warranty by the seller is good, merchantable title.  The property is selling “as is, where is.”  Title Insurance is available at buyer’s expense.  All other closing costs will be split evenly between the buyer and the seller.

AGENCY

RPM-Mitchum Auctions, LLC represents the seller exclusively and acts solely on its behalf. 

DISCLAIMER

All statements included in the marketing materials are believed to be accurate but are not guaranteed by the seller or the auction company to be correct.  Announcements made at the auction take precedence over all printed material and oral information previously stated.