By placing a bid in this auction, Buyer agrees to the following Terms & Conditions.
A 10% Buyer’s Premium will be added to the final bid. The buyer’s premium, together with the final bid amount, will constitute the total purchase price of the Real Estate.
Right to Accept Any Bid, and to Reject Any Bid
The Harritt Group, Inc. reserves the right to accept or reject any bid.
Property is being sold ‘AS IS’ with no contingencies and no warranties expressed or implied except those provided herein. All inspections are welcomed prior to auction. The buyer has not relied upon any statement or representation by the auctioneer or staff as to the nature or condition of the property nor do they warrant the property, its construction, condition or material. All measurements are per courthouse records.
Manner of Payment
The purchase price shall be paid in cash. A 10% non-refundable down payment in the form of cash, check or wired funds is due immediately following the auction with the signing of a legal binding purchase agreement. The balance of the purchase price will be due in 40 days. If the buyer chooses to obtain financing for the balance of the purchase price, completion of this transaction is not based upon the condition of successfully obtaining financing nor is it subject to a satisfactory appraisal. All closing costs are the buyer’s expense.
Evidence of Title
Seller(s) will provide clear and merchantable title via deed. Cost of title evidence, as desired by the buyer, to be a buyer’s expense. Owner’s title insurance is always strongly recommended, and that without said insurance, buyer may have no future objections to title, or potential losses. Buyer is accepting title subject to (1) Any recorded building restrictions, restrictive covenants, conditions or other use restrictions applicable to the property, (2) Any recorded or visible easements for public road, utilities, or public purposes (easements) upon which existing improvements do not encroach of which there are no violations and (3) Any mandatory membership associations associated with the property.
Real Estate Taxes, Assessments & Association Dues
All taxes that have accrued for any prior calendar year that remain unpaid shall be paid by the seller, unless otherwise noted. All taxes that have accrued for the current calendar year shall be prorated on a calendar-year basis as of the closing date. The buyer also acknowledges the seller’s tax exemptions and/or credits may not be reflected on future tax bills. The buyer may apply for current-year exemptions/credits at or after closing if applicable.
Possession of the Real Estate to be given date of deed.
Buyer may not terminate agreement if property is located in an area that may require flood insurance or that is subject to building or use limitations by reason of such location. Buyer shall pay for and be responsible for flood certification.
Federal Lead - Based Paint Disclosure
Every purchaser of any interest in residential real property on which a residential dwelling was built prior to 1978 is being notified that such property may present exposure to lead from lead-based paint. All inspections and assessments for the presence of lead-based paint and/or lead-based paint hazards must be made prior to auction. Buyer waives the 10-day opportunity to conduct such assessment and acknowledges receipt of lead-base paint disclosure form.
Auction End Time
Harritt Group Online Auctions are timed events and all bidding will close at a specified time. Harritt Group Online Auctions also have an auto-extend feature. Any bid placed in the final minutes of an auction will cause the auction ending to be automatically extended from the time the bid was placed. Example: If an auction scheduled to close at 6 PM receives a bid at 5:59 PM, and the extended bidding time for that auction is 10 minutes, the close time will automatically extend to 6:09 PM. The auto-extend feature remains active until no further bids are received within the specified time frame.
Malfunction And Loss of Service
The results of the auction may be rendered void if a malfunction or temporary loss of service occurs. In such an event, Harritt Group reserves the right to remedy the situation in whichever way best represents the seller, including the cancellation of existing bids. Harritt Group shall not be held liable in any way for any malfunctions or loss of service. The bidder acknowledges and understands that this service may or may not function correctly at the close of the auction. Under no circumstances shall Bidder have any kind of claim against Harritt Group or anyone else if the internet service fails to work correctly during the close of the auction. Harritt Group will not be responsible for any missed bids from any source.
Sold With Seller’s Reserve
Final bid price is subject to the seller’s confirmation. When the bidding has met the reserve, a notification will be posted and the auction will become absolute and sell to the highest bidder.
The Indiana Sheriff’s Offender Registry (www.indianasheriffs.org) exists to inform the public about the identity, location, and appearance of sex offenders residing within Indiana. Auctioneer is not responsible for providing or verifying this information.
The Harritt Group, Inc. is acting exclusively as agents for the seller.
New data, corrections, or changes could be made after the viewing of this document. Please arrive prior to the start of the auction to inspect and consider any new information and changes.