When you place a bid, you’re confirming that you’ve inspected the properties (or waived your ability to inspect) and that you have read and agreed to the Contract and the terms and conditions of that particular auction. Please do not bid unless you have done this!
The property disclosures are located on the property’s web page and at the auction on the ’Sale Day Notes’ handout. Both the seller and Williams & Williams have disclosed everything we know about the properties. Properties are sold "As Is, Where Is" without any further inspections or repairs. By bidding you agree to all disclosures.
Immediately following the auction, the high bidder must make a down payment of either 5% of the high bid or $2,500, whichever is greater. (Some sellers have higher down payment requirements, up to 10%.) We accept cash, money orders, or personal, business or cashier’s checks. Credit cards are not accepted on site.
The contract is not assignable, and the deed name(s) the high bidder provides cannot be altered. The persons named on the contract and deed must be present unless represented by someone with a power of attorney.
Unless the auction is designated as "without reserve," all sales are subject to seller confirmation. Most approvals are received within 14 days or less; you will be notified by our staff upon the approval of your bid.
You will receive an Owners Title Insurance Policy as evidence of insurable title (at buyer’s expense unless otherwise indicated on the Contract). Real estate taxes will be prorated through date of closing.
You must close within 30 days from your acceptance date, unless your contract and sale day notes indicate otherwise. There are no contingencies allowed for financing or inspection, so make sure you’re pre-approved for financing before you bid. You will also be responsible for closing costs.
You will be given access to and possession of the property after closing.
Each property will be subject to either an auction service fee of $3,000 or a buyer’s premium (buyer’s fee in WI) of 5% added to the high bid ($2,500 minimum). Please see the sale day notes and listen to the auctioneer for the specifics about each property.
The Auctioneer controls the bidding and corrects any mistakes made. The bidding will only last a few minutes, and the Auctioneer has final say.