INVESTIGATION OF THE PROPERTY: This auction is a reserve auction and subject to seller approval. Announcements and information, provided on the US Auction Advantage website will take precedence over printed marketing material. BUYER IS ADVISED TO INVESTIGATE EVERY ASPECT OF THE PROPERTY BEFORE BIDDING, INCLUDING REVIEWING THE BUYERS ADVISORY PAGE 2 ADDENDUM TO THE CAR PURCHASE AGREEMENT ON THE SAMPLE PURCHASE AGREEMENT FORM. BUYER UNDERSTAND THAT THE PROPERTY IS SOLD "AS IS," WITH NO CONTINGINCIES AS IT RELATES TO PROPERTY CONDITION, FINANCING, APPRAISAL, TITLE, HOA, DISCLOSURES AND OR INSPECTIONS. ALL SALES ARE FINAL. THE SUCCESSFUL BIDDER ACKNOWLEDGES THAT THE AUCTIONEER AND THE SELLER HAVE MADE NO IMPLIED WARRANTY OR REPRESENTATION OF ANY TYPE AS TO THE PROPERTY AND THAT THE PROPERTY IS SOLD WITHOUT ANY WARRANTIES WHATSOEVER, EXPRESSED OR IMPLIED AND SPECIFICALLY THERE IS NO WARRANTY OR MERCHANTABILITY AND NO WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE.
All information regarding this property was derived from sources believed correct, but is not guaranteed. All property measurements are approximate. It is the buyers responsibility to verify all permits, property use and property specifications before placing a bid.
Though all descriptions and information are believed to be correct, in no event shall auctioneer or seller be held responsible for having made or implied any warranty of description, genuineness, condition etc. The property is open to thorough public inspection at the published property preview dates. Auctioneer reserves the right to withdraw any item before or during the auction. Only registered bidders may bid on the property being sold, any exceptions to this requirement shall be within the sole discretion of the Auctioneer. No allowances, adjustments or rescission of sale will be allowed based upon failure of the property to correspond to a particular need. The registered bidder will be responsible for any bid or purchase made with his or her unique US Auction Advantage username and password.
A BUYERS PREMIUM OF 3% WILL BE CHARGED TO THE BUYER AS A CLOSING COST, DUE AND PAYABLE AT CLOSE OF ESCROW. THIS FEE IS PAID DIRECTLY TO US AUCTION ADVANTAGE THROUGH ESCROW AND IS NOT INCLUDED IN THE PURCHASE PRICE.
Bidder acknowledges that a security deposit of 3% is required within 48 hours upon being declared the winning bidder for a good faith deposit. All monies shall be deposited into a neutral escrow account.
RESPONSIBILITY OF BIDDER AND INDEMNIFICATION: Bidder agrees to assume the defense of and indemnify and hold harmless US Auction Advantage and the Listing Broker for all claims, loss, damage, injury and liability of every kind, directly or indirectly caused by acts of bidder and/or it’s agents in connection with this auction or the use of the property by the successful bidder. If the foregoing conditions or any other applicable conditions are not complied with, in addition to other remedies available to US Auction Advantage, the Listing Broker and the Seller by law, including, without limitation, the right to hold the successful bidder liable for the bid price. US Auction Advantage and the Listing Broker, as its option may either (a) cancel the sale, retaining as liquidated damages all payments made by the successful bidder or (b) resell the property publicly or privately and in such event, the successful bidder shall be liable for payment of any deficiency plus all costs, including the holding costs of the property, the expense of both sales and US Auction Advantage transaction fee and incidental damages. In any action to enforce and/or recover damages pursuant to this document Listing Broker shall be entitled to recover its attorney fees, expenses and all cost of suit incurred in such action. If you are the high bidder and fail to sign the purchase contract within 48 hours you forfeit your bid and agree to pay US Auction Advantage $500.00 plus any collections and/or attorney fees.
BROKER PARTICIPATION INVITED: Subject to client registration and completion of Bid Packet Receipt indicating Agency Relationship.
Legal Authority: This auction is being conducted in compliance with section 2328 of the California Commercial Code, Section 535 of the California Penal Code and provisions of the California Civil Code.
Agency: Listing Broker is agent of seller only.
Please Note: End of auction time may be extended. If a bid is placed on a property with less than 5 minutes before the auction ends, the auction will be automatically extended 5 more minutes until no more bids are placed.