Real Estate Mountain Lots in Western NC

1. BIDDER REGISTRATION The auction is open to the public and your attendance is welcome. To participate in the auction, a Bank Cashier's Check in the amount of $5,000.00 must be displayed at the time of registration. All checks should be made payable to yourself. Immediately after you're pronounced the winning bidder the check will be signed over to the auction company. Auction registration will begin at 4:30 PM on Friday, May 25th 2007. 2. CONDITION OF PROPERTY All properties are offered in As-Is condition and Bidders are encouraged to inspect the property prior to the Auction. 3. CONTRACT & DEPOSIT The total deposit due from top bidders on auction day will be 10% of the contract price, which includes the Bank Cashier's Check used to register for the auction. Any difference between the Bank Cashier's Check brought to the auction and 10% of the contract price can be paid by cash(In House Only), corporate or personal check and will be due immediately following the auction and execution of the Purchase Agreement immediately following the auction. For any property with a purchase price less than $50,000, the buyer will be required to pay 20% of the contract price on the day of the auction. The form of the Purchase Agreement will be available for inspection prior to the auction and is not negotiable. In the event any language included in any of the advertising materials conflict with those contained in the Real Estate Purchase Agreement, the language of the contract will prevail. 4. CLOSING DATE AND CLOSING COSTS The Real Estate Purchase Agreement provides for closing on or before 30 days after the auction. Payment for a Title Insurance Policy showing title to be good and insurable and documentary stamps required to transfer title will be the responsibility of the Purchaser. Real Estate taxes are pro-rated. Buyer will receive a general warranty deed free and clear of all liens at closing. 5. FORM OF AUCTION These properties are being offered for sale at absolute and reserve auction, also known as "subject to seller's confirmation". If a property is sold subject to the Seller's confirmation, confirmation is expected during or immediately following the auction. It is the intention of the sellers to liquidate the property on auction day. 6. REAL ESTATE BROKER PARTICIPATION We welcome the participation of other real estate brokers and their associates. Licensed real estate professionals who bring a buyer to the auction will be paid 2% of the highest bid amount at closing. Please call Rogers Auctioneers for details and instructions for registration of prospects at 919-545-0412. If the winning bidder purchases the property through Ebay, then no real estate commission shall be paid to the buyer's real estate agent. 7. BUYER'S PREMIUM A 10% Buyer's Premium will be added to all Top Bids and included in the total contract price. 8. CONDUCT OF AUCTION -The terms and conditions may be modified or changed by announcement from the auction podium. Any such announcement will take precedence over previously printed materials or oral statements made. -In the event of tie bids or disputes between bidders, the decision of the auctioneer will be final. -Bids will be accepted from registered bidders only and increments of bidding will be at the discretion of the auctioneer. -The auction will be audio or video recorded to provide a record of the event. -Bidders should rely upon their own inspection of each property, information and judgment as measurements, stated square footage or similar information may be estimations. -All information contained in the brochure, newspaper advertising, website or provided by staff members is believed to be correct but is not guaranteed. ONLINE BIDDERS: Must register by 5:00 pm on Thursday May 24, 2007 via fax or email with $5,000 secured funds. Place a bid only if you're serious about buying the item. If you are the successful and winning bidder, you have entered into a legally binding contract to purchase the property bid on from the seller. You should contact the seller to resolve any questions before bidding. Ebay Bids: Live internet bidding is available during the auction. Current bids on the internet will be executed on your behalf during the auction by Ebayliveauctions.com. However, Rogers Auctioneers, Inc. cannot be held liable for live internet bids that are not sent, received, or executed by the administrator. If you are bidding live, real-time on-line, please bid quickly because there is a time delay in receiving live bids.

No local Taxes apply