Terms and Conditions: REAL ESTATE TERMS: Subject to Sellers' Confirmation: Seller has up to 48 hrs. to accept or reject the final bid. Buyer Premium: A 10% buyer premium will be added to the final bid price to determine the contract price. Purchase Agreement/Contract: At the conclusion of the auction, the successful bidder will sign a purchase agreement in the amount of their bid plus the 10% buyer premium. When accepted and signed by the seller, this agreement becomes the purchase contract. Down Payment/Earnest Money: With purchase agreement, Bidder will submit $1,000 for each property purchased, to be deposited and escrowed in Orrell Auctions & Real Estate PLLC Trust Account. Down payment will be credited to buyer at closing or returned to the bidder if Seller rejects bid. Balance of purchase price required in approximately 30 days at closing. If you cannot close you will forfeit your down payment. Acceptable Currency for down payment: Cash, cashier's check, good personal or company check pre-approved by auctioneer or accompanied by a bank letter guaranteeing payment. Warranties & Contingencies: 1. Property sells "as is" with no warranties from the seller other than good title. Inspections should be conducted before the auction. Sale is not contingent on repairs. If you bid, you are agreeing that you are satisfied with Property in its current condition at the price you bid. 2. Financing: Property sells with no contingencies for financing, and no financing is offered by the seller. Financing should be arranged before bidding. If you cannot pay the balance at closing, you will lose your down payment/earnest money. Survey: No survey is being provided by the seller. If required by buyer, survey is at buyer's expense. Title: Seller will guarantee good title at closing by providing owner's title insurance and a warranty deed free of all liens and encumbrances but subject to any easements of record. Closing will be in approximately 30-45 days from auction. Buyer pays 1/2 closing fee, 1/2 Revenue Stamps, deed recording fee and any other expenses generated by Buyer, including, but not limited to, Loan Policy of Title Insurance, hazard insurance premiums, survey, fees of Buyer's attorney and any other fees associated with Buyer's loan, if any. Seller pays 1/2 closing fee, 1/2 Revenue Stamps, Owner's Policy of Title Insurance, deed preparation Property taxes will be prorated as of the date of closing. PERSONAL PROPERTY TERMS: All merchandise is sold as is with no warranties. Bidder is responsible for his own inspection, determination of condition, value, and correctness of description. Do not bid if you are uncertain what you are bidding on. All sales are Final: Bidder understands that no refunds, exchanges, adjustments, charge backs, etc. will be allowed. Buyers Premium: A 10% will be added to the final bid price on each item. Cash or good check, sorry, no plastic