Denver Colorado Real Estate Auctions- AJ Karas Auctioneers

AUCTION TERMS & CONDITIONS

RESERVE AUCTION TERMS & CONDITIONS

Bidders Registration: All prospective buyers must register to bid. A $5,000.00 cashier’s check or certified check made payable to AJ Karas Auctioneers, LLC will be required to bid at the auction. A 10% buyer’s premium will be added to the final bid and included in the total contract price. This amount will be applied to the purchase price and will be deposited in the broker’s escrow account. The $5,000.00 cashier’s check will be immediately returned in the event the bidder is unsuccessful.

Online & Phone Bidding: Online & phone bidding registration must be completed 48 hours
prior to the auction. All terms will apply as if you were participating at the auction in person.

Closing: The balance is due in cash or new loan at closing. Closing upon lien holder’s approval. Seller will execute and deliver a General or Specific Warranty Deed to buyer, conveying the property free and clear of all taxes (except the general taxes for the year of closing) and of all liens, unless otherwise specified. Taxes & Home Owner’s Association fees are pro-rated. Title insurance will be at the buyer’s expense.

Bidder Information Package: A package of information has been assembled for this property including preliminary title report, area information, and seller’s property disclosure.

Property Inspection: Preview and inspection of the property is essential. Property will be sold
“as is/where is.” Property will be sold subject to easements, restrictions, zoning, and other matters of record.

Conduct of Auction: Conduct of auction and bidding increments are at the discretion of AJ Karas Auctioneers, LLC. AJ Karas Auctioneers, LLC reserves the right to deny any person admittance to the auction.

Broker Participation Invited: Brokers must register a Broker Participation Agreement specifying the name of their client 48 hours in advance of the auction, and a Power of Attorney if they are bidding for their client. If the client is the bidder, they must also register as the bidder in order to purchase the property. All registrations are subject to the AJ Karas Auctioneers, LLC guidelines. Contact our office for more information toll-free 877-612-8494.

All property measurements are approximate. All information in this brochure was received from sources believed to be correct. AJ Karas Auctioneers, LLC does not guarantee the accuracy of any information. It is the buyer’s responsibility to verify all property specifications prior to the auction. AJ Karas Auctioneers, LLC is an agent of the seller. Announcements take precedence over printed materials.