PLEASE REAL ALL TERMS AND CALL WITH QUESTIONS (Chuck at 620-794-8824 or the office at 620-273-6421), thanks and good luck bidding!
IN ORDER TO BID, you must complete registration by Sunday, 11/10/2024 at 4pm, including a letter of credit or a guarantee from a credible financial institution before being approved to bid online (these must be received and approved by the auctioneer prior to being approved, CALL THE AUCTIONEER). Deadline to register and provide this information to our office is 4:00pm CST on Sunday, 11/10/2024. Pre-bidding will open on Monday, 10/28/2024 at 11am. Call Chuck Maggard at 620-794-8824 if you have questions.
TERMS: Earnest money due day of the auction will be $20,000.00 made payable to Morris County Title. The balance will be due in full at closing which shall be on or before Thursday, December 12, 2024, at which time buyer will receive appropriate Deed. Title insurance and title company closing fees will be shared 50/50 between buyer and the seller. Seller will pay for 2024 and all prior year’s taxes and will keep the 2024 crop rent. The buyer will receive full possession at time of closing. Seller’s mineral rights will transfer to the buyer. All inspections must be done prior to the auction. The property is sold in “as is” condition, with no warranties or guarantees. Buyers must rely on their own knowledge or have inspections completed prior to the auction. All financing arrangements need to be made prior to the auction. Bidding is NOT subject to the following contingencies, including but not limited to financing, appraisal, or inspection. All information has been gathered from Morris Co sources and is deemed reliable but is not guaranteed. Boundary lines on maps, photos and videos are approximate and not survey accurate. All announcements made day of the auction take precedence over any advertisements.
Real Estate contract to be electronically signed immediately following auction closing. Earnest money to be paid within 24hrs of auction closing. For more information contact the Auction Company 620-273-6421
Winning bidder will sign a purchase agreement and give $20,000.00 made payable to Morris County Title Co as a non-refundable down payment. Down payment will be hand delivered or wired within 24 hours of close of auction. Balance will be due at closing on or before Thursday, December 12, 2024.
Auction Co is not liable for any claim regarding poor internet connection / disconnection during or before the auction. Auction Co. has the authority to establish all bidding increments and has the right to refuse, reject, or disqualify any bidders who are believed to be fraudulent, illegitimate, not competent, or in violation of any terms and conditions. Auction Co. has the right to extend, pause, or delay the auction with the Sellers discretion. Griffin Real Estate * Auction is representing the Seller as a Seller's Agent and the real estate is selling with Sellers confirmation on price.
No Buyers Premium
This is a “WEBCAST AUCTION” - This means that all items will sell at the live auction, plus have the option for online bidding, this is called a Webcast Auction. These include a pre-bidding phase, which is a lot like a timed auction, but they also include a live element in which online bidders join bidders in the auction room with a live auctioneer. It's just like being in the room, but from anywhere in the world. HOWEVER, in a Webcast Auction, the closing is different from that of the ONLINE ONLY AUCTION, it has a closing just like a LIVE AUCTION, whoever the auctioneer has in as the high bidder, is who has the bid, even if there is a tie, it goes to the auctioneers discretion, which can end up being what someone left for a MAX bid, and that person might not get the item).
Griffin Real Estate and Auction Terms & Conditions GENERAL TERMS & CONDITIONS
- These Terms and Conditions constitute a CONTRACT between you, the bidder, and us, the Auctioneer. Do not submit any bids unless you understand and agree to ALL terms of this contract.
- Griffin Real Estate and Auction shall be known individually and collectively as "Auctioneers", or "Auction Firm".
** All bidders must be 18 years of age or older and register with a valid credit card to bid on this auction. All bidders and others participating in this auction agree that they have read these terms and agree to be bound by and abide by these terms thereby. Bidder and his or her agents and employees agree to assume all risks of damage to person or property. Bidder and his or her agents and employees specifically release and forever indemnify Auctioneer, it's employees, agents, and assigns, from any liability and causes of action.
** Bids will not be accepted online if you have not completed your registration by Sunday, 11/10/2024 at 4pm, including a letter of credit or a guarantee from a credible financial institution before being approved to bid online (these must be received and approved by the auctioneer prior to being approved, CALL THE AUCTIONEER). Deadline to register and provide this information to our office is 4:00pm CST on Sunday, 11/10/2024. Pre-bidding will open on Monday, 10/28/2024 at 11am. Call Chuck Maggard at 620-794-8824 if you have questions.
** All property is sold "as is, where is" without any warranty or guarantee, expressed or implied. ALL SALES ARE FINAL. THERE ARE NO REFUNDS, EXCHANGES or REFUSALS, ALL SALES ARE FINAL.
** As the bidder, by agreeing to the terms and conditions of the auction, you are giving consent for the email registered on file with HiBid to be used for all communication with the Auctioneer, unless the Auctioneer is notified differently.
**As the highest bidder, you are the buyer and are bound by the terms and conditions of this agreement and sale. In no event shall a bidder or buyer hold the Auctioneer responsible for having made or implied any warranty or merchant ability or fitness for any specific purpose
** The Auctioneer is acting solely as an agent for the Seller(s). The Auctioneer shall assume no liability for representations made, or information provided by the Seller(s). The Seller(s) reserve(s) the right to accept or reject any or all bids. This is a Public Auction and as such, all qualified bidders may bid, including Griffin Real Estate and Auction owners, family members and employees.
** Bidders are encouraged to inspect all items before bidding. Public inspection & preview information is posted on our website for each sale.
** Bidder registration numbers are issued solely to individuals and are not transferable. Others are not authorized to use your bidder registration. Should you allow others to bid under your number, you will be fully responsible for all bids they make as though you made them yourself.
** The Seller and the Auctioneer reserve the right to withdraw items from sale before or during the auction without prior notice.
** Persons attending the preview or inspection period, or during the removal period assume all risks of damage, injury, or loss to their person and or property, and release the Auctioneer and the Auction Firm from liability thereof. Neither the Auction Firm nor its principals shall be liable for any defect in or condition of the premises on which the auction is held. The Auction Firm is acting solely as the agent for the Seller(s) and is not responsible for any acts or omissions of its principals.
** The bidder / buyer agrees to reimburse the Auctioneer for all expenses incurred in the collection of any unsatisfied debt in conjunction with this auction.
** Any Bidder who fails to perform as required under these terms and conditions may be banned from this or any future auctions.
**By registering for any auction, the bidder agrees to be added to the Auctioneer's email list. If you choose to unsubscribe, please follow the link at the bottom of each email to update your notifications.
On-Line Auctions
**Neither the Auctioneer nor the Seller shall be responsible for any failure of any electronic or internet systems to accept or register a bid. Registered bidders must create a password that prevents others from using their account. Bidders are responsible for ALL bids placed under their name and password. This is a Public Auction and as such, all qualified bidders may bid, including Griffin Real Estate and Auction owners, family members and employees.
**By placing a bid, Bidder acknowledges that he or she has inspected the item(s) to his or her satisfaction or chooses to not examine them at his or her sole risk. Even though an item may display as "sold" on the internet, no sales are final until they are certified by the Auctioneer and the bidder receives an invoice. Auctioneer reserves the right to cancel any or all sales and resell the items in whatever manner he or she chooses.
**Bids cannot and will not be removed or altered, unless in the opinion of the auctioneer, the bidder can establish that the bid was an obvious typographical error.
**Internet bidders who desire to make certain their bid is acknowledged should use the proxy bidding feature and leave their maximum bid at least 24 hours before the auction closes. Auction Company reserves the right to withdraw or re-catalog items in this auction.
**Some of the items in this auction may have a minimum bid to enter the bidding. Others may be treated as a "reserve" bid item. Others may be sold "Absolute", regardless of price, to the highest bidder.
***Griffin Real Estate and Auction (Auction Company) is providing an Internet auction as a service to Bidder. Bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall bidder have any kind of claim against Auction Company or anyone else if the Internet service fails to work correctly during the online auction. Auction Company will not be responsible for any missed bids from any source.
INSPECTION: All items are sold in "AS IS" condition. Inspection of items is highly encouraged. Bidders are required to make their own inspection of the items that they are bidding on. All descriptions of the items are believed to be correct and have been conscientiously described by a reliable source, however the auctioneer or seller does not guarantee said descriptions. Placing a bid on an item is the Bidder's acceptance of the condition of the item based on their inspection of the item whether inspection was done in person or online. The failure of Bidder to inspect the items does not constitute grounds for dispute. Please ask all questions prior to bidding. The sale of this real estate is not contingent on financing or inspections.
SYSTEM FAILURE: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, the Auctioneer reserves the right to extend bidding, close the bidding, or continue the bidding. Neither the Auctioneer nor the online bidding software and service provider shall be held responsible for a missed bid or the failure of the software to function properly for any reason. The Auctioneer reserves the right to cancel, suspend, extend or reschedule an individual item or auction event. The auctioneer reserves the right to make changes to the auction closing times or inspection or removal times. Email notifications will be sent to registered bidders with updated information as deemed necessary by the Auctioneer. "
ADD OR DELETE ITEMS: Auctioneer reserves the right to add or delete items from the auction listing at any time.
PLEASE READ ALL TERMS AND CALL WITH QUESTIONS (Chuck at 620-794-8824 or the office at 620-273-6421), thanks and good luck bidding!