This is a Live Simultaneous Auction, offering both in-person and online bidding options. A 10% buyer's premium will be added to the final bid price to determine the contract sale price. The winning bidder must enter into a Contract to Purchase immediately upon being declared the successful bidder by the auctioneer. Following the auction, the winning bidder will sign a purchase agreement. A 20% down payment of the final bid price is due on the day of the auction and is nonrefundable. Closing shall occur within 30 calendar days of the auction’s closing date. The sale is not contingent upon financing or inspections. Buyers must conduct all inspections and secure necessary financing prior to the auction's conclusion. Possession of the property will be given at closing. Real estate taxes will be prorated up to the closing date. Auctioneer reserves the right to bid on the property. Town & Lake Realty & Auction is not responsible for any technical issues, including internet failures, that occur before or during the auction. Under no circumstances shall the bidder have any claim against Town & Lake Realty & Auction or any associated parties for such failures. All bidders must register prior to the auction and provide valid identification. By registering, bidders confirm they are legally capable of entering into a binding contract to purchase. The auctioneer will determine bid increments and has the authority to resolve any disputes over bids and may re-open bidding if necessary. This is an absolute auction, meaning the property will sell to the highest bidder regardless of price. Title to the property will be conveyed by a general warranty deed or as specified in the auction marketing materials. The buyer is responsible for all closing costs, including title insurance, deed preparation, and any other customary fees unless otherwise specified. The property is sold subject to any existing easements, rights-of-way, zoning ordinances, and restrictions. Buyers should investigate any potential issues prior to bidding. Town & Lake Realty & Auction reserves the right to withdraw the property from the auction or cancel the auction at any time prior to the sale. Buyers acknowledge that the auctioneer and seller make no representations regarding environmental conditions or hazardous materials on the property. Buyers should conduct due diligence prior to bidding. Online bidders must agree to additional terms for online participation, such as ensuring stable internet access. Late or incomplete bids will not be accepted. Any announcements made on auction day take precedence over previously distributed information or materials. By bidding, I confirm that I have read, understand, and agree to all terms and conditions.