Buyer's Premium: A 10% buyer's premium will be added to the high bid, which constitutes the final purchase price. Deposit: A 10% deposit of the final purchase price is due at the auction's conclusion. The deposit must be paid through certified funds or wire transfer. Property Condition: The property is sold "as is, where is," and no warranties or guarantees, expressed or implied, are made by the seller or the auctioneer. It is the responsibility of the purchaser to thoroughly inspect the property before placing a bid. Inspection: Prospective buyers are encouraged to conduct their own due diligence and inspections before participating in the auction. The purchaser acknowledges that they have had the opportunity to inspect the property and is satisfied with its condition. Bidding Process: Bidders must register before participating in the auction. Bids are binding. The highest bidder, as determined by the auctioneer, will be the purchaser. Reserve Price: The auction may have a reserve price, and the property will only be sold if the reserve is met or exceeded. Closing: The closing will take place within [insert timeframe] days of the auction's conclusion. The balance of the purchase price must be paid at closing. Financing: The sale is not contingent on the buyer obtaining financing. Buyers should arrange financing in advance. Taxes and Fees: All applicable taxes, conveyance fees, and recording fees are the responsibility of the buyer. Auctioneer's Discretion: The auctioneer reserves the right to reject any bid that is not in the best interest of the seller. The auctioneer also reserves the right to withdraw the property from the auction at any time before the final bid is accepted. Announcements: All announcements made by the auctioneer on the day of the auction take precedence over any printed material. Legal Action: Failure to comply with these terms may result in legal action and forfeiture of the deposit. By participating in this auction, all bidders acknowledge that they have read, understand, and agree to abide by these terms and conditions.