Campbell Auctioneers & Appraisers LLC

National Auctioneers Association

 

Auctioneers Associations of Maryland

 

TERMS AND CONDITIONS OF AUCTION

1.     The property will be sold at the discretion of the Owner at the end of all bidding.

 2.    The terms and conditions listed herein, as amended or supplemented by any oral announcements during the conduct of the auction, constitutes the Owner's entire statement relative to the premises described herein and the terms and conditions upon which such premises shall be offered for sale, sold, or purchased.

 3.    The property and its improvements will be offered for sale in “AS IS” condition subject to all covenants, easements, rights of ways, restrictions, and agreements of record affecting same, if any, and further subject to Ocean City Building, Fire, and Zoning Codes, and without any warranty, expressed or implied, as to the condition or description of the property and/or its improvements including lead paint and/or asbestos concerns and ground contamination.

 4.    A down payment of Fifteen Thousand and 00/100s Dollars ($15,000.00) in cash, certified check, or cashier’s check will be required of the purchaser(s) at the time and place of Auction.

 5.    An additional down payment of Ten Thousand and 00/100s Dollars ($10,000.00) in cash, certified check, or cashier's check will be required of the purchaser(s) within five (5) business days of the auction.

 6.    The balance of the purchase money, together with interest at the rate of eight percent (8%) per annum is to be paid in cash, certified check, or cashier’s check within forty five (45) days of the Auction date. TIME BEING OF THE ESSENCE.

 7.    Should the purchaser(s) default, in addition to any other remedies available at law or in equity, the Owner, at her election, may declare the deposit forfeited and resell the property at the risk and expense of the defaulting purchaser(s).

 8.    Adjustments on all taxes, public charges, and special or regular assessments, if any, which are due and payable on an annual basis will be made as of the date of Auction and thereafter assumed by the purchaser(s).

 9.    Title examination, land survey, conveyancing, State Stamps, transfer taxes, and all other costs incident to the settlement of whatsoever kind or amount shall be paid by the purchaser(s).

10.   Title guaranteed to be free and clear of any encumbrances at the time of settlement.

11.   Should the Owner be unable to convey good and marketable title to the purchaser(s), the sole remedy for the purchaser shall be the refund of the deposit at which time the sale shall be null and void and the purchaser(s) shall have no further claim against the Owner or the Auctioneers.

Graduate Personal
Property Appraiser

 Accredited Auctioneer
Real Estate 

Campbell Auctioneers & Appraisers, LLC
      410-810-8915 Chestertown
410-268-1108 Annapolis
1-877-811-8915 Toll Free
Members:
National & Maryland Auctioneers Associations
Anne Arundel Co. License Nos.
00077, 00078
www.CampbellLLC.com