Call Agent Eric Gleaton for Appointment - 678-725-8757

Gleaton's Realty - Office - 678-489-4928

LOCKBOX - GAMLS Supra 

1. Registration & Offer / Bidding Procedure:
   Registration is required to become a qualified and eligible bidder & buyer. In order to become fully registered and eligible to bid, a prospective Bidder must: (a) Complete registration located on the website at www.Gleatons.com. (b) Auction starts on March 21, 2021 and runs through March 26, 2021 and starts closing at 4 PM. 
2. Pre-Auction Offers Encouraged - Gleaton's Realty will present all offers to Sellers with the option of a contract before the auction starts on March 21, 2021. 
3. Absolute Auction - No
   This is Not an absolute auction. The final bid is subject to seller confirmation. All bids and offers including final bid is subject to seller confirmation & approval.
4. Buyer's Premium:
   A ten percent (10%) buyer's premium will be added to the high bid price to determine the total contract sales and purchase price for the property.
5. Broker Participation: 3 percent (3%) of the Winning Bid amount will be paid to a qualified Licensed Real Estate Broker (“Broker”) whose registered Buyer’s offer is accepted by the Seller and closes on the Property, provided the Broker is not prohibited by law from being paid such commission. To qualify for a commission, the Broker must register their prospect at www.Gleatons.com and fill out the cooperating broker form and email form to info@gleatons.com This registration must be received by the close of business one day prior to the Auction. Commissions will be paid only after closing and Seller receipt of proceeds. Brokers are not required to attend the closing. If a cooperating Broker has not met all of these requirements, no commission will be paid to the cooperating Broker, even if the cooperating Broker’s prospect purchases the Property. No oral registrations will be accepted. Under no circumstances whatsoever will any commission be paid if the sale does not close for any reason.
6. Sale Ending:
   Beginning at the stated closing time, the auction software will conclude bidding with the following exception: if a bid is placed in the last one (1) minutes remaining, bidding for that lot will remain open for an additional one (2) minutes.
7. Payment:
   The Purchaser shall pay an amount equal to 15% of the total contract sales price to the Clifton Law Firm within 24 hours after signed purchase and sale agreement. Signed Purchase and Sale Agreement must be signed within 24 hours from the closing bid. 
8. Closing Attorney:
   The purchase monies in respect of the property shall be paid to and deposited with The Clifton Law Firm. 
9. Closing:
   Closing shall take place on or before 4:00 PM ET within 31 days of binded purchase & sale agreement. The Clifton Law Firm will schedule and conduct closing. All Closing Cost are to be paid by the winning bidder/purchaser of the property. 
10. Possession:
    Purchaser will receive possession at closing.
11. As-Is Sale:
    The Purchaser shall accept the property in an as-is condition with all faults as of the closing date and the purchaser shall specifically agree that the Seller has not and does not make any representations or warranties of any kind whatsoever, expressed or implied, to the purchaser regarding the property or any improvements thereon. The property is selling subject to anything an accurate survey or personal inspection of the property may reveal, including any existing rights-of-way, easements or claims to easements, encroachments, rights or claims of parties in possession, restrictive covenants and easements, flood zones, zoning or subdivision regulations, building codes, governmental agencies regulations, environmental conditions, lead-based paint, asbestos, radon gas, hazardous materials, any mineral rights, water rights, riparian or littoral rights, and reservations or conveyances, if any. The purchaser shall have satisfied himself as to the location and condition of the property, and all descriptions thereof, before bidding. All information contained in the brochure and all promotional materials, including, but not limited to, square footages, acreage, dimensions, maps, taxes, etc., was provided by the Seller and is believed to be correct; however, neither the Seller nor Gleaton's, Inc. makes any guarantee or warranty as to the accuracy or completeness of such information
12. Personal Property:
    No personal property shall be conveyed in this sale.
13. Miscellaneous:
    All decisions of Gleaton's, Inc. are final as to the methods of bidding, disputes among bidders, increments of bidding and any other matters that may arise before, during, or after the close of bidding. Seller reserves the right to deny any person the right to participate in the sale or to ban anyone from the process who attempts to disrupt it.
14. Equal Opportunity Clause:
    All bidding is open to the public. The property is available to qualified purchasers without regard to a prospective purchaser's race, color, religion, sex, familial status, national origin, or physical handicap.
15. Guaranty Agreement:
    By submitting a bid in the name of a business entity or corporation, the individual submitting the bid enters into a guaranty agreement whereby he or she personally guarantees payment of any bid amount not paid when due by the business entity or corporation, for any reason, together with all collection expenses incurred to enforce collection, including a reasonable attorney's fee.
16. Age Requirement:
    All bidders must be 18 years of age or older.
17. Debt Collection and Interest Charge
    The bidder agrees to pay all reasonable attorney fees and other costs incurred by Gleaton's, Inc. in its efforts to collect unpaid funds from the bidder. The bidder agrees that a fee of 2% of the outstanding balance per month be added to any unpaid balance due Gleaton's, Inc. Any debt collection or dispute proceedings will be heard in the federal and state courts located in Fayette County, GA

18. PRE AUCTION OFFERS's ENCOURAGED - CALL 678-725-8757. Seller has the right to sell property pre auction at any time. Present all Offers.