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

Berkshire Hathaway Georgia Properties - Office - 770-487-8300

GAMLS Supra Lockbox Compatible

1. Registration & Auction Procedure:
   Registration is required to become a qualified and eligible bidder (“Bidder”) for the Auction. In order to become fully registered and eligible to bid, a prospective Bidder must: (a) Complete the bidder registration located on the website at www.Gleatons.com; (b) A $0.00 credit card authorization will be processed when submitting your first bid at this auction. The $0.00 is simply a pending hold on your card and is held by the credit card company for varying lengths but typically 24-72 hours. This $0.00 authorization is not actually charged to your card and if you are the winning bidder that payment will be a completely separate transaction. If you do not win any bids there will be no charges against your account. (c) Bidder Verification: The identity of all bidders will be verified, bidding privileges are provisional, and if complete verification is not possible, Berkshire Hathaway Georgia Properties reserves the right reject the registration, and bidding activity is subject to termination. Immediately following the close of the bidding, the high bidder will be required to enter into a Purchase and Sale Agreement.
2. Subject to Seller Confirmation
   The Final bid is subject to seller approving the bid as acceptable sales price. 
3. 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.
4. 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. 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.
5. Auction 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 five (1) minutes remaining, bidding for that lot will remain open for an additional five (1) minutes.
6. Payment:
   The Purchaser shall pay an amount equal to 15% of the total contract sales price to the Berkshire Hathaway Georgia Properties by 4:00 PM ET on February 26th, 2019. Berkshire Hathaway shall accept the following forms of payment: wire transfer or cashier's check. There may be a fee associated with payment of the deposit or purchase money by wire transfer. Contact the BHHS Georgia Properties if you intend to pay this way. In the event a winning bidder fails to submit the signed "Auction Purchase and Sale Agreement" and earnest money deposit as provided in the pre-stipulated Auction Terms, the winning bidder will be charged an administrative fee of $2500.00 on the credit card provided at auction registration. All administrative fees are non-refundable. Additional default remedies are reserved by Berkshire Hathaway Georgia Properties and the Seller as provided in the Auction Terms & Conditions and the "Auction Purchase and Sale Agreement."
7. Closing Attorney:
   The purchase monies in respect of the property shall be paid to and deposited with Weissman Attorneys.
8. Deed:
   Seller shall provide a warranty deed.
9. Evidence of Title:
   The Seller agrees to furnish bidders a preliminary title commitment to review before the auction ending. Seller agrees to provide merchantable title to the Property subject to matters of record, general conditions of title and similar or related matters. All tracts sold "AS-IS".
10. Closing:
    Closing shall take place on or before 4:00 PM CT on April 5th, 2019. The Closing Attorney will schedule and conduct closing.
11. Title Insurance:
    Purchaser may obtain an owner's title insurance policy in the amount of the purchase price from the Closing Attorney at the Purchaser's cost.
12. Real Estate Taxes:
    Real estate taxes and assessments shall be pro-rated to the date of Closing.
13. Other Closing Costs:
    The Purchaser shall pay a closing fee to the Closing Attorney. In addition, the Purchaser shall pay for any and all recording fees, transfer taxes, courier fees and all other sale, financing or closing fees as required.
14. Cash Sale:
    This is a cash sale and is not contingent on Purchaser's ability to obtain financing.
15. Possession:
    Purchaser will receive possession at closing, subject to the rights of parties in possession and existing leases, if any.
16. 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 the Auctioneer makes any guarantee or warranty as to the accuracy or completeness of such information
17. Personal Property:
    No personal property shall be conveyed in this real estate auction.
18. No New Survey:
    The Property shall be conveyed by the existing legal description.
19. Agency:
    Berkshire Hathaway Georgia Properties, Eric Gleaton Auctioneer and its representatives are exclusive agents of the Seller and are agents of no other party to this transaction.
20. Miscellaneous:
    All decisions of the Auctioneer 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 auction. Seller reserves the right to deny any person the right to participate in the auction or to ban anyone from the auction who attempts to disrupt it.
21. 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.
22. Debt Collection and Interest Charge:
    The bidder agrees to pay all reasonable attorney fees and other costs incurred by Berkshire Hathaway Georgia Properties & Gleaton’s 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 Berkshire Hathaway Georgia Properties & Gleaton’s. Any debt collection or dispute proceedings will be heard in Fayette County, GA.
23. 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.
24. Age Requirement:
    All bidders must be 18 years of age or older.
25. Bidder Information and Security:
    All registration information the bidder provides to Berkshire Hathaway Georgia Properties and Gleaton’s shall be current, complete, and accurate. All bidders are responsible for any bids placed under their bidding numbers and passwords. The security of bidder information is the responsibility of the bidder. Bidders must notify Eric Gleaton, agent and auctioneer if they believe that their bidder number and password have been compromised.