Ravenden, Real Estate & Personal Property

ONLINE BIDDING TERMS:

REAL ESTATE:
Any competent adult with a satisfactory photo identification who properly registers and complies with the Terms of Auction may bid. Bidder must present a $5,000.00 cashier's check to Mullen Abstract at the close of auction. There will be a 10% buyers premium added to the final bid to equal the contract sales price. Closing within 30 days. This contract will not be contingent upon the buyer's ability to obtain financing. If buyer is unable to obtain financing or otherwise defaults, he or she will forfeit their earnest money. Property sells 'as is' where is without any warranties expressed or implied. If the high bidder does not submit the down payment and sign the contract by 4:00 pm the day after auction day, the seller will not be obligated to sell the property to the high bidder and may immediately enter into a contract with another buyer. Defaulting Buyer will still be responsible for down payment. Seller nor auction company are responsible for any cleanup of the property or of any remaining personal property left after auction pick-up. After closing, remaining personal property becomes property of the buyer. Extremely motivated sellers!! No reasonable offer refused. Potential Buyers MUST sign a Bidder Certification Form.

*Auctioneers have requested Preliminary Title Work prior to auction from Mullen Abstract. Buyer does not have to use said title company but will be required to deposit down payment to Mullen Abstract.

*Subject to Owner confirmation
*NO Survey provided

Click on the FILES tab for Bidder Certification Form

PERSONAL PROPERTY:
All bidders agree to be bound by this bidder contract by placing a bid. PLEASE SCROLL & READ ALL TERMS LISTED BELOW, INCLUDING PREVIEW, PICKUP, and SHIPPING INFORMATION.

* TERMS OF SALE: 10% Buyer Fee added to high bid at invoice. All items are being sold AS IS, WHERE IS, No Warranties or Guarantees of any kind. No Returns, No Refunds. A paid invoice receipt from SOLDasap llc. is required prior to pickup and removal. Buyers assume all responsibility and hold Seller and Auctioneer harmless for introducing any item or part of item into the stream of commerce. Photographs and Descriptions are provided as a guide, and a guide only. Bidders to verify correctness of ANY advertised information to their satisfaction as to use for any particular purpose. Any bid placed by a Bidder is based solely upon the Bidders personal inspection and opinion. Failure to inspect the property does not relieve bidder of responsibility for payment and removal as stated in these terms. All bids are a binding contract according to these terms. Bidder acknowledges that once a bid is offered, the Bidder shall be bound by the bid amount. Bids cannot be withdrawn or retracted. Verify your information entered (bid amount) before submitting your bids. Auction Company may change bidders usernames or passwords at the sole discretion of the Auction company. Auction is subject to additions and or deletions prior to auction closing.

* INVOICES & PAYMENT TERMS: All Invoices are due and payable upon receipt. Please be prepared to pay in the form of cash, a cashiers check, or direct wire the funds within one hour of the ending of the auction. Payment must be paid in full at end of auction. Cash or cashier’s check will be accepted. No personal checks and no credit cards, no exceptions. Call our office for instructions if you wish do direct deposit into our escrow account.

* EXTENDED BIDDING DYNAMIC CLOSING: If a bid is entered within the last 3 minutes of the closing of an item, the closing time will be extended by ten minutes to ensure sufficient time for bidders to submit their bids. Extended Bidding will continue until no bids are placed within 3 minutes.

* PREVIEW & INSPECTION: The Preview and Inspection Schedule is available, and can be found in the Auction Listing Tab on the Auction Page. Individuals previewing items are personally responsible for any breakagedamage to items they are handling and will be charged appraised value for item(s). All people previewing assume all responsibility for their own safety. Auctioneer & Seller are not responsible for accidents.

* PICK UP TIME REMOVAL: The Pickup Time Removal Schedule is available, and can be found on the Auction Listing Tab on the Auction Page, and MUST BE adhered to specifically. Any bid placed by a Bidder should be based on their ability to comply with the pickup schedule as listed. Buyers MUST pickup these items and provide any additional personnel or equipment required to move the item. IF YOU CANNOT PICK UP THE ITEM DURING THE SCHEDULED PICKUP TIME --- DO NOT BID! Buyer is responsible for providing the supplies, boxes, packing material, tools, equipment, etc. necessary, as well as the physical labor for dismantling, rigging, crating, loading and hauling at their own expense. ANY ITEM NOT PICKED UP ON PICK-UP DAY WILL BE CONSIDERED ABANDONED. IF THE BUYER INVOICE IS NOT PAID, THE DEFAULTING BIDDERS ACCOUNT WILL BE CLOSED FOR ALL MARKNET ALLIANCE AUCTIONS.

* SHIPPING AND DELIVERY:
SHIPPING: Pick up by buyer only with paid receipt.

* NOTICE TO BIDDERS AND BUYERS OF AUCTIONEER'S RIGHT TO REPOSSESS AND RECOVER DAMAGES:
By placing any bid, each Bidder or Buyer -
1) understands that Auctioneer or Seller incurs actual damages by non-performing Bidders or Buyers.
2) understands that Auctioneer or Seller may repossess any property not paid for by midnight on the day of auction pick-up regardless of invoice payment status. A Storage Fee equal to any payments, may be levied at midnight on the day after auction pick-up ends. Defaulting Buyer account may be closed, and a black flag notification may be sent to the MarkNet Alliance removing registration access to all MarkNet websites.
3) understands that Auctioneer or Seller may request assistance from a third party to recover damages incurred as the result of a non-performing Bidder or Buyer.
4) ANY ITEM NOT PICKED UP WITHIN THE ALLOTTED TIME, AS STATED IN THESE TERMS, WILL BE CONSIDERED ABANDONED. IF THE BUYER INVOICE IS PAID, WE WILL RESELL THE ITEM AND SEND THE DEFAULTING BUYER 50% OF THE HIGH BID ATTAINED AT THE SUBSEQUENT AUCTION. IF THE BUYER INVOICE IS NOT PAID, THE ITEM(S) WILL BE RESOLD AND THE DEFAULTING BIDDERS ACCOUNT WILL BE CLOSED FOR ALL MARKNET ALLIANCE AUCTIONS.

Attention!!

Please do not wait until the last minutes of the auction to register or call the auction company. Our office staff is typically extremely busy at this time, and we cannot guarantee getting to your questions or concerns during that time frame. We highly suggest that you utilize the max bidding feature to ensure your bids are placed. We will not be responsible for last minute computer issues.

Bid on Your OWN Schedule!

Please call our office if you have any questions 1-870-236-6117 or 870-236-0632