Real Estate Auction Terms and Conditions Property: 533 Swan Drive, Fortville, IN 46040 1. Registration • All bidders must register prior to the auction. • Valid government-issued ID required for registration. • Registration deadline: Saturday October 19 10:00 2. Deposit • A deposit of $25,000 is required upon acceptance of your offer at auction. • Deposit must be in the form of a wire transfer made payable to [Insert escrow company name]. • This Deposit is NON-Refundable. 3. Buyer's Premium • A 10% buyer's premium will be added to the winning bid to determine the final purchase price. 4. Bidding • The starting bid will be taken from the online auction website. • Minimum bid increments will be $1,000. • The seller reserves the right to accept or reject the highest bid. 5. Winning Bid • The highest bidder acknowledged by the auctioneer will be the purchaser. • In the event of any dispute, the auctioneer's decision is final. 6. Closing • Closing must occur within 30 days of the auction date. • The balance of the purchase price is due at closing. • Failure to close may result in forfeiture of deposit and legal action. 7. Property Condition • The property is sold "as-is, where-is" with no warranties expressed or implied. • Bidders are encouraged to inspect the property prior to bidding. • Property inspections can be scheduled by contacting [Insert contact information]. 8. Financing • This is a cash sale not contingent on or subject to financing, appraisal, survey, or inspections of any kind. • Buyers are responsible for securing their own financing if needed. 9. Title • Property is sold free and clear of all liens and encumbrances. • Seller will provide a clear title and deed at closing. 10. Possession • Possession will be given at closing. 11. Real Estate Taxes • Seller will pay real estate taxes due and payable November 2024, Buyer will be responsible for any and all real estate taxes due and payable thereafter • 12. Agency Disclosure • Burgess Auctions is acting as agent for the seller only. 13. Auction Conduct • The auctioneer reserves the right to reject any and all bids. • Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. 14. Additional Terms and Conditions • By participating in this auction, all bidders agree to abide by these terms and conditions.