Please note that approval is required to bid on this auction. Bidder approval closes one hour prior to the scheduled soft close time. Example…soft close of 7 PM, bidder approval closes at 6 PM. WE STRONGLY SUGGEST YOU COMPLETE THE REQUIREMENTS AND REQUEST APPROVAL 24 HOURS PRIOR TO THE SCHEDULED SOFT CLOSE. Kaufman Realty & Auctions is not responsible for anyone who does not meet the approval time or requirements to bid. 10% nonrefundable down payment due within 48 hours of the close of the Auction. The sale is not contingent upon buyer securing financing and or any additional contingencies. Any required inspections must be completed prior to bidding. All information contained herein derived from sources deemed reliable but not warranted. Sold as is no warranties written or implied. Property will be sold free and clear of any & all liens and encumbrances. Taxes will be prorated to the day of closing. 45 days to close. 10% buyer’s premium will be added to determine the final contract price. Successful bidder will be emailed a contract to be executed and returned to Kaufman Realty & Auctions of WV.  Successful bidders will deposit 10% of the Contract price in the form of cashier’s check or wire transfer to Kaufman Realty & Auctions of WV. The entirety of the remaining balance is due at closing or within 45 days. Instructions for wire transfer and /or cashier’s check transmittal will be sent by e-mail to the successful bidder. The purchaser shall be responsible for wire transfer fees. Contract Documents will be sent by e-mail to the successful bidder must execute and fax or email back to Kaufman Auctions within 48 hours of the end of the auction. Successful bidders not executing and returning their contract with earnest money deposit within 48 hours of the conclusion of the auction will be considered in default. At the close of bidding, the system will reset to 5 minutes when a bid is placed within the last 5 minutes and will do so until no one bids during the allotted time. Buyer's Premium Example: Bid Price: $100,000 Plus 10% Buyers Premium: $10,000 Total Contract Price: $110,000 Down Payment $11,000 Bid Increments   $1-$50,000= $1,000 $50,000-$100,000= $2,500 >$100,000= $5,000 In a reserve auction, if a bidder's max bid is below the reserve, the system bids on behalf of the seller up to the reserve. DISCLOSURE: Kaufman Realty & Auctions of WV is acting as Auctioneer/agent and is an agent for the seller only. Reservations: The seller retains four older vertical wells within said tracts, which are under construction/improvement. The prospective buyer will receive an overriding royalty interest of 12.5 % of wellhead production on the existing wells. The seller will retain 100 feet around the existing well heads for service operations. The prospective buyer of the 271 +/- net acres oil and gas minerals will receive 100% ownership of the mineral interest and the lease on the existing four wells will not interrupt any future leasing potential! DISCLAIMER: Information contained herein is believed to be correct to the best of auctioneer/agent’s knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. Boundary lines are according to tax map and shall not be used as a survey. BUYER/BROKER INFORMATION: Up to 3% Commission will be paid to any properly licensed buyer's broker who registers a successful buyer according to the Broker Participation Guidelines. Broker registration forms are available. Call for Broker Registration Form or print it from the documents tab for that specific Auction. Must be registered & Approved 24 hours prior to Auction. Brokers/Agents are not entitled to a commission if they are the purchaser. By initialing, bidder verifies that they have read, reviewed, and agreed to the Terms. In addition, bidder agrees that this bid is a legal and binding contract upon the bidder.