CONDITIONS OF THE AUCTION

Terms: The successful purchasers will be required to sign the Seller’s real estate purchase agreement on sale day and make an earnest money deposit equal to fifteen percent (15%) of the contract price.  Sale will close within thirty (30) days after the date of auction at which time the purchaser will pay the balance of the purchase price.  A 10% buyer’s premium will be added to all purchases to arrive at a contract price.

The information contained in this brochure and all related materials are subject to the terms and conditions of the purchase agreement.  The property is being sold on an “AS-IS, WHERE-IS WITH ALL FAULTS” basis.  THE PROPERTY WILL BE SOLD FOR ALL CASH.  Your complete inspection of the property and pertinent documents is recommended.  Announcements made at the podium at the time of the sale take precedence over all printed materials, except for the fully executed purchase agreement and subsequent conveyance/closing documents. 

Conduct of the auction and increments of bidding are at the direction of the Auctioneer.  All properties will be sold subject to the Sellers reserving the right or confirmation within ninety-six (96) hours.  Since the Sellers are highly motivated to sell on the date of the sale, the announcement of acceptance of final bids could be synonymous with the time and place of the auction.

SURVEY: If the property sells divided, all property must be surveyed prior to closing by a licensed Georgia registered surveyor.  The cost of the survey is to be paid by the purchaser.  The number of acres surveyed times the contract price per acre shall determine the final or actual purchase price to be paid at closing.  J. Durham and Associates, Inc., will have the final approval of the selected surveyor.

ABSENTEE BIDDING: Absentee bidding will be allowed. All interested parties must contact, Joseph P. Durham, Broker, for details and to recieve an "Absentee Bid" registration form.

REPRESENTATION DISCLOSURE: J. Durham and Associates, Inc., represents the seller in this transaction, not the purchaser, but does not have authority to make representations on behalf of the seller with respect to any matter.

PROPERTY SIZE & DIMENSIONS: All acreages and property line dimensions are subject to change.  They have been calculated for auction purposes only and are approximate and may be general in nature and are being sold subject to final survey.  They are not guaranteed by the seller of J. Durham and Associates, Inc.