Seller will provide a warranty deed, transfer tax, tax proration, and title insurance.

Please view our PIP-Property Information Package at www.bippususa.com for Complete Terms & Conditions for each individual property.

* 10% Buyer's Premium based on High Bid Price applies to all BippusUSA.com Auctions. 

* A 10% Down payment on high bid price, is due day of sale with signed contract (Minimum down payment is $2,000.00, per property). 

* Closing will be in 30 Days. For those properties needing Probate Court Approval, it will be 60-90 Days to closing. 

* Although you do not need a Real Estate Broker to purchase property at auction, should you decide to have one, we offer a Co-Broke, details regarding this are found within the Property Information Packet (PIP)


The property described is being sold in “AS-IS, WHERE IS” condition subject to “ALL FAULTS”. Neither BippusUSA.com nor the Seller or their respective agents make any express or implied warranties of any kind.


BippusUSA.com
Real Estate Auction
Terms & Conditions
(NOT TAX SALES)
YOU ARE URGED TO INSPECT THE PROPERTY BEFORE THE AUCTION
The information provided is subject to inspection and verification by all parties relying on it. Buyers must rely solely upon their own inspections and determinations to bid. Property information provided by Seller or Auctioneer is not guaranteed. No liability for accuracy, errors or omissions is assumed by the seller or agents. All square footage, lot size measurements, and dimensions provided are approximate. No warranties or guarantees are expressed or implied. Seller's disclosure statement may be available prior to sale except on; lender owned, court supervised, and estate sales. Properties are sold "AS IS" "WHERE IS" and should be fully inspected prior to bidding.
CONDITIONS
If you do not agree with any of the terms and conditions stated DO NOT BID. The terms of sale are non-negotiable. The Auctioneer's decision is absolute and final in the event of a dispute over any matter. If there is a tied bid, the auctioneer will reopen the bidding. The auctioneer reserves the right to accept bids in any increments he feels are in the best interest of his clients and reserves the right to waive any previously announced requirements.
STARTING TIMES
Live auctions only take minutes to sell a property. Please be prompt. There will be an explanation of the Auction Process and Terms and Conditions before each property is sold. When at the discretion of the auctioneer present, the auction is opened for bid, all property designated to be sold absolute will be sold to the highest bidder. All properties will be sold ON-SITE, RAIN OR SHINE, unless otherwise noted.
FINANCING INFORMATION
Buyers are to obtain their own financing. No purchase is contingent upon financing.
BROKER PARTICIPATION
Cooperating Brokerage is encouraged with licensed real estate brokers. A commission of one to three percent (1-3%) will be paid by BippusUSA.com to a cooperating buyer's broker who registers the successful bidder who closes on the property. See the Registration form in the Property Information Package for details specific to this auction. (No commission will be paid if the bidder fails to close). Brokers must register his/her client/bidder either by email to (kburkeen@bippususa.com) or by text to 269-535-4961 with BippusUSA.com and the broker registration form must be received no later than 4:00 PM EST on the day before a published auction. On-line Auction registration must be submitted before the bidder begins bidding. Registration must be on the broker registration form provided by BippusUSA.com and must be signed by broker/salesperson and client/bidder. Additionally, the cooperating broker/salesperson must attend the auction with his/her client/bidder. Brokers acting as principals are not eligible for this commission. There can be NO EXCEPTIONS to this procedure and no broker registrations can be accepted at the live auction site on auction day. If there is a minimum commission or if the commission is reduced in negotiations, all parties shall share proportionately in this figure equally up or down on the same percentage basis. BippusUSA.com shall have full and complete control with regard to commissions negotiated with Seller.
LIVE AUCTION BIDDER REGISTRATION AND DOWNPAYMENT REQUIREMENTS
Cashier's check, certified check (made payable to yourself) in the amount of $5,000.00 must be shown at registration.
The high bidder will turn the certified funds shown at registration over as part of your deposit; if you are not the high bidder; simply re-deposit your check back into your bank account.  An escrow deposit of 10% of the contract price is required of the winning bidder at the conclusion of the auction. The balance of your deposit may be paid with a personal or business check.  The minimum deposit is $5,000.00
ON-LINE AUCTION BIDDER REGISTRATION AND DOWNPAYMENT REQUIREMENTS
Registration to bid requires a deposit made by credit card authorization in the amount of $2,000.00 to be held at registration. If you are the high bidder, you will turn the $2,000 received at registration over as part of your deposit; if you are not the high bidder; funds will be credited back to your credit card account. 
A down payment escrow payment of 10% of the contract price is required of the winning bidder at the conclusion of the auction in cash, personal, business check or cashier’s check. The minimum deposit is $2,000.00.
ON-LINE AUCTION END OF SALE PROCESS
Immediately after the bidding ends the auction company will contact you by phone and email to confirm and congratulate you on being the winning bidder. We will make arrangement for you to deliver in person or overnight mail the down payment and the signed contract to us.
Contracts are signed and the down payment is made at the close of the auction. Your failure to sign contracts and make the 10% deposit immediately at the conclusion of the auction will forfeit your winning bid status. Any winning bidder that fails to complete the signing and down payment requirements will be charged a $2,500 non-refundable Internet Service Fee on their credit card.
ADDITIONAL TERMS FOR PROPERTIES
A 10% Buyers Premium will be added to the final bid and included in the contract price.  A published "suggested opening bid" and "opening bid" auction is sold with reserve and subject to seller confirmation.  Seller will furnish deed, free and clear of liens.  Seller to provide title insurance, transfer tax, and prorated property taxes based on where property is located.  Buyer and Seller will split the title office closing fee 
OTHER
This auction is conducted by BippusUSA.com acting as auctioneer/listing real estate broker. BippusUSA.com is solely responsible for the terms and conditions of the auction and the manner in which it is conducted. Announcements made sale day or sale ending day take precedence over previously disseminated material. Listing may be withdrawn or modified without notice at any time. All rights reserved.

Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.

Disclaimer: Information contained herein is believed to be correct to the best of the auctioneer/agent’s knowledge but is subject to inspection and verification by all parties relying on it.  Sellers, their representative and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions.  All square footage and other dimensions are approximate.  This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.