FOR SUPPLEMENTAL INFORMATION CALL 1-800-845-3524
you have inspected the property and are purchasing it in its “as is”
condition. No allowances will be made for contingencies. Sample
copies of contract documents are available in each Supplemental
Information Package. The sales contract is a binding contract.
SEALED BID AUCTION
All Sealed Bids must be accompanied by Certified Funds for ten
percent (10%) of the bid price as an earnest money deposit. Within
three (3) business days of acceptance of a bid, earnest money deposit
must be increased to ten percent (10%) of the accepted bid price.
Checks should be made payable to the Realty Marketing/Northwest
Client Trust Account. Due diligence should be completed prior to
bid submissions. Bidders will be notified of acceptance or rejection
of bids no later than five business days after the bid submission
deadline. Escrows will close within 30-45 days of the date of the
bid acceptance.
FINANCING
Many Sellers offer financing subject to approval of Buyers’ credit.
See individual property descriptions for details.
COOPERATING BROKERS
Broker cooperation is invited. A commission ranging from 1%
to 2% will be paid to the real estate agent whose Buyer closes
on the purchase of any Auction Property. The real estate agent
must be a broker currently licensed by his/her state of residence
or a salesperson licensed under such broker. Cooperating broker
commissions will be paid upon close of escrow. Cooperating
brokers will not share in any payment of liquidated damages.
Buyers must register their real estate agent on the Auction
Registration Form or on the Sealed Bid Form. For the Oral
Auction, the Registration Form should be received by the Auction
Information Office at least three days prior to the Auction. No
Auction Day Registration of real estate agents will be accepted.
For the Oral Auction, registered real estate agents must attend the
Auction with their Buyer and must accompany their Buyer into the
contract area if their Buyer is the successful high bidder.
No real estate agent will be recognized for a Buyer where that Buyer
has previously contacted, or been contacted by, the Seller, or Realty
Marketing/Northwest, concerning the Auction Property purchased.
No commission will be paid to any real estate agent participating
as a principal in the purchase of the property. The commission will
be earned and paid upon the full and final closing by the Buyer on
the conveyance of the property and the receipt of the full purchase
price by Seller. No exceptions to this procedure will be made and
no oral registrations will be accepted.
CLOSING AND COSTS
All sales must close within 30 to 45 days of the Auction, unless
extended by the Seller, in writing. Prior to making a bid, refer to
the Supplemental Information Package with regard to customary
closing costs including, but not limited to, recording fees, normal
prorations, title fees, transfer and/or excise taxes (if applicable),
sales tax on personal property (if applicable), local improvements
and irrigation district assessments (if applicable), and document
preparation fees. Buyers will be responsible for any real estate
compensation taxes or rollback taxes and penalties as a result of
a change in use or designation of the property including, but not
limited to, a change from open space, agriculture, forest land or
recreation.
For the properties being offered for sale with No Minimum Bid, the
Buyer will be required to pay all customary closing costs, including,
but not limited to, title insurance premiums and sales tax thereon
(if any), full escrow fees, back taxes and penalties (if any), local
improvement and irrigation district assessments (if any), and state
excise taxes.
ADDITIONAL CONDITIONS
(A) No claim will be considered for allowance, adjustment or
rescission based on failure of the property to correspond to any
particular expectation or standard, other than the Preliminary Title
Report.
(B) No bidder shall offer an advance on the previous bid of less than
the amount the Auctioneer directs. In the event of a dispute between
bidders, the Auctioneer will make the sole and final decision to
either accept the final bid or to re-offer and resell the property in
dispute. The Auction will be recorded, and if any dispute arises
following the Auction, the Auctioneer’s records will be conclusive
in all respects.
(C) Title insurance is available for each property, ensuring the title
of such property to be in fee simple, subject to no encumbrances
except current taxes and assessments, easements, rights of way,
reservations, covenants, conditions and restrictions of record,
purchase money financing and printed exceptions in the standard
form Owner’s Title Policy. A copy of the Preliminary Title Report
for each property may be inspected prior to the Auction.
(D) To the extent permitted by law, properties will be sold “As Is”.
Prospective buyers should examine the property and all supporting
documentation carefully. Each bidder is responsible for evaluating
the property and shall not rely on the Seller or sales agents. All
buyers will take possession at the close of escrow.
(E) Sizes and square footages set forth for the properties are
approximations only, based on the best information available, but
the actual sizes and square footages may be different. All sketch
plans are conceptual in nature and neither Seller nor its agents have
submitted plans or made applications to any public agency.
(F) Agency Disclosure. The selling and listing agent, Realty
Marketing/Northwest, represents the Seller in these transactions.
(G) Seller and Sellers’ Agents reserve the right to refuse admittance
to or expel anyone from the Auction premises for interference with
Auction activities, causing a nuisance, canvassing or other reasons.
(H) Seller has the right to postpone or cancel the Auction in whole
or in part, at its sole discretion, and to modify or add any terms and
conditions of sale and to announce such modifications or additional
conditions either prior to, or at, the Auction.
(I) Offer void where prohibited. Catalog will not be mailed to
residents of any state in which this offering is not in compliance
with the real estate laws or other laws of that state.
(J) The information contained here has been gathered from sources
deemed reliable; however, Realty Marketing/Northwest makes
no warranties expressed or implied as to the accuracy of the
information contained here.
NEED HELP?
Realty Marketing/Northwest prides itself on the quality of its
service. If at any time you need special assistance, please contact
John Rosenthal, President at (800) 845-3524 or (503) 228-3248
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