All properties are sold “AS IS, WHERE IS, WITH ALL FAULTS” with no warranties of any type expressed or implied as to the merchantability, usability, fitness for a particular purpose, or any matter of whatsoever type or nature. The Real Estate DOES NOT sell contingent upon financing, acceptable post-auction inspection, acceptable environmental reports, surveys, use requirements, other property sales and purchases, or any other matter whatsoever.  All buyers are urged to physically inspect the property before the auction. No bids can be withdrawn after the auction for any reason. BUYER agrees that these terms as well as all other terms set forth herein, can be amended or revised only in writing, signed by the auctioneer. BUYER also agrees that any oral representation made by the auctioneer shall not modify these "AS IS - WHERE IS WITH ALL FAULTS" terms. BUYER understands that any description given in advertising or orally is not guaranteed, and BUYER will rely entirely on their own inspection. All information and descriptions contained in advertising this sale are believed correct, but no responsibility is assumed by auction company or seller for any errors or omissions.

Dynamic bidding on this website is a feature that does NOT allow an item to sell at the end of the auction until there is a preset 10-minute interval of bidding inactivity. Example - an auction is scheduled to close at 2:00 pm. An item is bid on at 1:50 pm. When this bid is placed, the ending time will automatically extend to 2:10 pm. When another bid is placed at 2:01 pm the auction will extend until 2:20 pm. Bidders then have 19 minutes to place another bid. If no further bids are placed this auction will conclude at 2:20 pm. The key to the dynamic bidding feature is that the auction extends from the preset closing time in 10-minute intervals, NOT 10 minutes from when a bidder places their bid.

The following are a summary of standard terms for the real estate auction.  This summary is in addition to the Site User terms indicated in the registration process and is provided for the convenience of the bidder. Complete terms governing sale can be found in the contract for the sale of the real estate, also referred to as the Buy/Sell Agreement, located on each property’s website. Buyers should review that document prior to bidding to familiarize themselves with those terms.


Buyers Premium: There is no Buyer’s Premium associated with the sale of this property. 

Deposit for Real Estate: Deposit for Real Estate: A good faith deposit equal to ten percent (10%) of the purchase price will be required within 48 hours of the conclusion of the auction. An auction company representative will contact you if you are the high bidder to coordinate your deposit and Buy/Sell Agreement signature(s). Wire transfer and cashier's checks are accepted for the deposit. This deposit is NOT refundable if you the buyer do not carry through with the purchase. Your bidding IS NOT conditional upon financing, so be sure you have arranged financing if needed and are capable of paying cash at the closing.


Conditions: All properties are sold “AS IS WHERE IS” with no warranties of any type expressed or implied as to the merchantability, usability, fitness for a particular purpose, or any matter of whatsoever type or nature. The Real Estate DOES NOT sell contingent upon financing, acceptable post-auction inspection, acceptable environmental reports, surveys, use requirements, other property sales and purchases, or any other matter whatsoever. Buyers should inspect all properties before placing any bids. Any improvements which may need to be done will be the responsibility of the buyer. All property dimensions are only approximations. No new surveys or perk tests have been completed. Any surveys or perk tests desired will be the sole cost and responsibility of the buyer and are not a contingency of the sale. The property will be sold subject to any easements and building and use restrictions of record. The Real Estate will be sold free and clear of all liens of record, unless otherwise stated. The auction company retains the right to place bids on the behalf of any buyer, employee, principal, or seller. All information advertised or stated was derived from sources believed to be correct but is not guaranteed.


Inspection: Buyers shall rely entirely on their own information, judgment, and inspection of the property and records. As such, buyers should inspect the property prior to the auction. Please note the advertised “Open for Viewing” times. Acceptable inspection after the auction is not a contingency of the sale of the property, so be sure to inspect the property to your satisfaction prior to the auction. The auction company cannot provide inspection of or access to the property after the auction, until the closing.


Closing: The balance of the purchase price, closing costs, etc, will be due within 10 days of all paperwork being ready for closing, but not later than 30 days after the auction. Unless otherwise noted buyer will receive possession at closing, subject to tenant’s rights if applicable. Closing fees of approximately $400 will be divided evenly between the buyer and seller.

Taxes and Assessments: Property taxes and assessments will be prorated, as if paid in arrears, to date of closing based on a Fiscal Year proration. Fiscal Year will be assumed to cover a 12 month period from date billed. Fiscal Year tax levies and assessments will be estimated, if necessary, using the taxable value and millage rate(s) in effect on the day of closing, broken down to a per diem tax and assessment payment and prorated to the date of closing with seller paying through the day before closing. Seller will be responsible for any taxes and assessments billed prior to those addressed above. Buyer will be responsible for all taxes and assessments billed after those addressed above.

Deed and Title Insurance: At closing seller will provide, at their cost, a deed to the property and an owner’s title insurance policy in the amount of the purchase price.


Buyers Note: If you are the successful bidder, you must sign all purchase agreements and make your deposit on the property within 48 hours of the conclusion of the auction. Individual purchases are to be considered as singular transactions, not contingent on any other purchases of properties on the auction. The ability to obtain financing is NOT a contingency of the sale. Property is being sold subject to the acceptance or rejection of the high bid by the seller, bank, court, trustee, and/or lien holder, as applicable, unless specifically stated that the property is selling with No Minimums or Reserves. The auction will be conducted at the sole discretion of the auctioneer and any bids may be recognized at their discretion.


Additional Buyer Costs: In addition to the bid price the buyer will be responsible for one half of the closing costs charged by the title company and a prorated share of real estate taxes and assessments.

Tuesday, June 20 from 3 - 5 pm and Wednesday, June 21 from 11 - 1 pm

The automatic system generated email invoice will calculate a 10% Buyer’s Premium. However, there is no Buyer’s Premium associated with the sale of this property. The Buy/Sell Agreement will that there is no Buyer’s Premium.

Deposit is required within 48 hours of conclusion of the auction. Balance is due at closing, within 10-30 days of the conclusion of the auction.

Posted closing times and displays of auction company’s current time are approximate. All times based on United States eastern time zone. Auction company reserves the right to close early or extend auctions at its discretion at any time. Auction company strongly recommended that bids be placed early to avoid losing out due to an ill-timed, last minute bid.

NO REFUNDS, RETURNS, OR EXCHANGES. All items sold "AS IS WHERE IS" with all faults.

Property is being sold subject to the acceptance or rejection of the high bid by the seller, bank, court, trustee, and/or lien holder, as applicable, unless specifically stated that the property is selling with No Minimums or Reserves.

Thank you for bidding with LASTBIDrealestate.com!  Following an auction, if you are the high bidder we will contact you directly once we confirm status of the sale with the seller. You may also contact us directly at 800-527-8243.

Wire Transfer or Cashier’s Check are acceptable form of payment.