AUCTION TERMS & CONDITIONS

AUCTION LOCATION & TIME: The auction will be held on site on Thursday, August 2 at 4:00 p.m.

INSPECTION: July 26 from 2:00 p.m. to 4:00 p.m. and two hours prior to the auction.

TERMS FOR LIVE BIDDING: Pay 20% down of the purchase price at the auction. Balance shall be paid in full at closing to be held on or before Monday, September 3, 2012. A copy of the Contract of Sale may be reviewed prior to the auction by contacting the auctioneer.

BUYER’S PREMIUM: A 10% buyer’s premium will be added to the high bid. Example: For each $10,000, a 10% buyer’s premium of $1,000 will be added to arrive at the total purchase price of $11,000.

BROKER PARTICIPATION: A 2% commission of the high bid, before adding buyer’s premium, will be paid to any qualified Georgia licensed real estate broker whose prospect is the successful bidder at the auction and closes on the property. To qualify for a commission, the broker must first register the prospect by mail, deliver by hand or fax the prospect’s name and address on John Dixon & Associates’ broker registration form. The registration must include the signature of the prospective purchaser, the signature of the broker and the broker’s real estate license number. The registration must be received at 200 Cobb Parkway North, Suite 120, Marietta, Georgia 30062, Attention: KJ Otis, no later than 4:00 p.m. eastern time on the business day preceding the auction. Broker registration may be faxed to 770.425.4413. UNDER NO CIRCUMSTANCES WILL BROKER REGISTRATION BE ALLOWED ON THE DAY OF THE AUCTION. In addition, to qualify for a commission, the broker must attend the auction with the prospect. Commissions will be paid only if property closes. A commission on a property will be paid only to the first broker registering a prospect. A BROKER CANNOT ACT AS A PRINCIPAL AND BROKER ON THE SAME TRANSACTION. Visit johndixon.com to download a form.

CLOSING: Balance of the purchase price is due in 30 days on or before Monday, September 3, 2012.

CLOSING ATTORNEY: Closings will be conducted by Robert A. Plumb, Jr., Langdale Vallotten, LLP, Valdosta, GA (229.244.5400). Deed preparation and all other closing cost will be paid by the purchaser. Taxes will be prorated as of date of closing. Title insurance will be available at purchaser’s expense. 

AGENCY: John Dixon & Associates, auctioneer/broker, is acting exclusively as agent for the seller.

SPECIAL NOTE: Property is selling "as-is, where-is" with all faults and is selling subject to easements, leases, restrictions, covenants, conditions, zoning, HOA and POA fees and all other matters revealed by a current survey or an inspection of the property or contained in public records. The only representation and warranties made are those contained in the Contract of Sale. Seller reserves the right to add or delete property and/or cancel the sale. Properties will be conveyed by Warranty Deed. Contact auctioneer for information. Information contained herein was obtained from sources deemed reliable. The property will sell "as-is, where-is" with no warranty, express or implied, as to improvements, soil condition, environmental and wetlands, or zoning. No personal property conveyed with real estate unless denoted in contract. Neither the seller, John Dixon & Associates nor their agents will be responsible for any errors or omissions herein. Bidders should carefully verify all information and make their own decisions as to the accuracy thereof before submitting their bid. The terms of the Contract of Sale are controlling in the event of any perceived inconsistency between its terms and any statements in this brochure or other advertisement. Announcements made at the auction will take precedence over written matters.

 

GAL #2034