Auction Terms & Conditions General Terms
" It is the Bidder's responsibility to read and fully understand all Terms and Conditions and property information prior to bidding.
" This auction is to be conducted by Epic Auctions and Estate Sale, Inc. hereinafter referred to as Auctioneer or Auction Company, on behalf of the owners of the property, hereinafter referred to as Seller.
" The terms Bidder and Buyer shall be defined as the individual or any company representing or represented by that individual, including any and all of its agents, employees, representatives, officers, owners, members, or directors.
" Auctioneer is not responsible for acts or representations of Seller.
" Auctioneer reserves the right to update the Terms and Conditions and any property information at any time. Those will be effective upon posting.
" The act of bidding shall constitute Bidder's acceptance of these Terms and Conditions in whole and individually. In the event that any individual Term or Condition is later found to be unenforceable, Bidder agrees that all remaining Terms and Conditions remain valid and in full effect.
" Epic Auctions and Estate Sale, Inc., Auctioneer Robert Howe, Jr., and Auctioneer/Broker Bradley A. Stoecker are acting solely in the role of Seller's Agent. They are not acting as Agents of any potential Buyer and owe no fiduciary responsibility to anyone other than the Seller.
" Auction company staff and Seller's family members may bid on their own behalf with the intent to purchase and take possession of the property.
" All bidders are encouraged to attend an Open House to inspect the property to their full satisfaction. If the Bidder isn't satisfied with the condition of the property or they have any reservations about the bidding process, they are encouraged to discuss this with the auctioneer until they are satisfied, or refrain from the process of bidding.
" The information provided in auction advertisements and bidder information packets was obtained from sources believed by Auction Company and Seller to be accurate but is subject to verification by any and all parties relying on such information. No liability for its accuracy, errors, or omissions is assumed by Auction Company or Seller.
Real Property Information
" All properties are sold subject to any and all existing matters of record, all easements, and local zoning regulations.
" This property is sold "as-is" with no expressed or implied warranty provided by either Auctioneer or Seller.
" Specific property information is available either at the Epic Auctions and Estate Sales website or via email by request. Please read the property information on the listing and request a Bidder Information Packet from the Auction Company.
" Auction Company assumes no liability or responsibility for any defects or deficiencies of the property, either known or not known by Seller.
" Bidder is expected to read and understand all available information regarding the property and to perform their own due diligence to be fully informed about the property prior to bidding.
" All bidders must provide full legal name, mailing address, phone number, email address, and valid credit card information to register.
" All bidder identities will be verified to the satisfaction of the auction company. Any party that cannot be fully identified will have their bidder registration rejected and any and all bidding activity will be deleted.
" All bidders must be 18 years of age as of the day of the auction.
" Online bidder registration requires the submission of valid credit card information in order to be registered for a unique username and password.
" Online bidder identities will be kept confidential except to Auction Company staff and Seller.
" Auction Company reserves the right to waive some or all registration requirements.
" Bidding will be conducted online via an online only auction.
" If after we say a lot has closed there is determined to have been an internet service interruption or online bidding software interruption in the final 2 hours of bidding, Auctioneer reserves the right to re-open the lot for further bidding. However, if there is no internet outage or service interruption, then we will consider "closed" to mean "Sold". Auction Company will contact the final bidder to confirm the lot is sold.
" Neither Auctioneer nor Seller are responsible for failure of Auction Company computer systems, bidder's computer system malfunctions, failure of bidder to receive email notifications, vendor platform failures, internet connections, or any other event that prevents bidder from bidding or Epic from receiving said bids.
" There will be a Ten Percent (10%) Buyers Premium charged for this auction. This amount will be added to Bidder's final bid to determine the final sales price.
o As an example: If the Bidder's final bid is $100,000, the 10% buyer's premium will be added to this amount to arrive at the final offer price of $110,000. This final offer price will be the final price on which all transfer taxes and title insurance policies will be based.
" The high bidder, at the conclusion of the auction event, will receive a phone call confirming their final bid.
" The high bidder must meet with Auctioneer within 24-hours to complete and sign the Purchase Agreement and tender their earnest money deposit.
Earnest Money/Down Payment/Deposit for Real Property
" $4,000 deposit in the form of a certified bank check or wire transfer will be deposited with Auction Company within 24 hours of the completion of the auction. Winning bidders that fail to submit the fully executed Contract and earnest money deposit will be considered to be in default.
" Earnest money is 100% non-refundable.
" Earnest money will be held in Auctioneer's Trust account until closing.
" Remaining balance to be paid in full on or before 45 days after the auction at closing.
" Terms are Cash or Conventional Mortgage Only.
" There are no contingencies for financing, appraisals, repairs, or inspections or any other requirements that may be required by the mortgage company.
" Bidder is expected to have any needed pre-approvals in place for a mortgage, if necessary, prior to bidding.
" All closing costs will be paid by the Buyer including Title Insurance, recording fees, title fees,
" Seller will execute a warranty deed conveying the property to Buyer at closing.
" Title Company will be selected by Seller.
" Buyer must be prepared to close within 45 calendar days from the close of the auction.
" Seller may extend closing date until after the first of the next month due to Estate settlement issues.
" Taxes will be prorated to the date of closing.
" Any closing that is delayed beyond 45 days without the written authorization of Seller and Auction Company due to any actions or inactions of Buyer or anyone working on behalf of Buyer, including lenders, inspectors, appraisers, etc., will cause Buyer to be considered to be in breach of contract. Buyer will forfeit all earnest money deposits and will be held responsible for any costs incurred by either Auction Company or Seller from the resale of the property.
" In the event of any dispute regarding the auction and subsequent transfer of this property, all legal claims will be properly filed in Eaton County, in the State of Michigan.
The information contained in this document is subject to verification by all parties relying on it. Though every effort has been made to gather accurate and correct information, neither the Seller nor Epic Auctions & Estate Sales assumes any liability for its accuracy, and/or any errors or omissions. Conduct of the auction and increments of bidding are solely at the discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the person's credentials, fitness, etc.
All decisions of the Auctioneer are final.
Sale shall include 100% of the mineral, oil and gas rights that may be owned by the Seller.
Neither Epic Auctions & Estate Sales nor the seller will discriminate because of Race, Creed, Color, National Origin, Sex, Martial Status, Age, Handicap or families with children.
Epic Auctions & Estate Sales will act as the Seller's Agent in regards to the sale of this property.
Seller User Terms
Bidder User Terms