A 10% Buyers premium will be added to the final bid price to arrive at the total purchase price. $2,500 due auction day as non-refundable deposit, per property. Cosing to occur within 30 days. All Pre-Auction Offers Will Be Presented. 4% Commission will be paid to agents for an accepted pre-auction offer, or 2% on auction day.
Corbett Bottles Real Estate Marketing, LLC, an Idaho limited liability company
(“Auctioneer”), AS AGENT FOR Seller, will offer the Property in today’s auction according to the
following terms and conditions:
1. At auction, Auctioneer may revise the printed property materials by written supplement
and announce revisions to the auction process. Auctioneer may accept or decline any bid, any
challenge to any bid or bidding increment, as Auctioneer may determine in its sole discretion.
2. BIDDER IS BIDDING ON THE PROPERTY IN “AS IS” CONDITION WITH ALL FAULTS
INCLUDING BOTH LATENT AND PATENT DEFECTS AND ALL SALES ARE FINAL. Seller and
Auctioneer are not making, have not made and expressly disclaim any representations or warranties, express or implied, with respect to any aspect, feature or condition of the Property including, without
limitation, the existence of hazardous waste, or the suitability of Property for Bidder’s intended use.
Bidder shall independently verify all information and reports regarding any aspect or feature of the
Property provided by Auctioneer. Neither Seller nor Auctioneer guaranty the accuracy of any
information or reports provided on the Property. The Property is open to thorough public inspection and making a bid is an acknowledgement that each bidder has had ample opportunity to, and has either inspected or elected not to inspect the Property.
3. Auctioneer reserves the right to withdraw the Property or any portion thereof before the
4. Only registered Bidders may bid on the Property being sold, any exceptions to this
requirement shall be within the sole discretion of Auctioneer. No allowances, adjustments, or
rescission of sale will be allowed based upon failure of the Property to correspond to a particular need. The Bidder listed below will be liable for any purchase made with the card issued with the Bidder Registration Form.
5. To the fullest extent permitted by law, Bidder agrees to indemnify, defend and hold
harmless Auctioneer, Seller and their agents, contractors and employees, and hereby releases
Auctioneer, Seller and their agents, contractors and employees from any and all claims, damages,
liability, causes of action, judgments, expenses (including reasonable attorneys’ fees and reasonable attorneys’ fees on appeal) arising out of or in any way connected with the auction or the Property. Neither Auctioneer nor Seller will be liable to Bidder for any damages relating to or arising out of the auction or the Property, including direct, indirect, consequential, special or incidental damages.
6. Bidder shall look only to Seller as to all matters regarding the Property and any contract
to purchase the Property. Auctioneer shall not be liable in any way if (a) Seller fails or refuses to deliver marketable title at closing or (b) with regard to any feature, condition or aspect of the Property, or lack thereof.
7. A BUYER’S PREMIUM OF 10% OF THE SUCCESSFUL BID WILL BE USED TO
ESTABLISH THE PURCHASE PRICE BY ADDING THE BUYER’S PREMIUM TO THE
SUCCESSFUL BID AMOUNT.
8. If Bidder is the highest bidder, prior to leaving the auction, Bidder shall pay a deposit in
the amount of $2,500.00 as required by Seller. The required deposit shall be held in a trust account
until closing and shall be non-refundable, except in the event of Seller’s default, but applicable to the
purchase price. Bidder furthermore agrees at the conclusion of the auction to sign all required sales
and purchase contracts pertaining to the purchase of the Property.
9. In the event Bidder defaults under the terms of this document, Auctioneer, may as its
sole remedy cancel the sale, retaining as liquidated damages all payments made by the successful
Bidder, including the deposit made by the Bidder. In any action to enforce Bidder’s obligations and/or
recover damages pursuant to this Paragraph 9, Auctioneer shall be entitled to recover its reasonable
attorneys’ fees, expenses, and costs of suit incurred in such action, including its reasonable attorneys’ fees on appeal.