TERMS:

Rules, Terms, and Conditions

GENERAL:

1. The property is sold "AS IS".  Bidder shall be solely responsible for determining all conditions of the property prior to bidding. The deed issued shall be a Warranty deed. Neither Creekside Enterprises nor United Country Palmer Real Estate makes any representation as to the quality of title, lot size, shape or location or conditions or existence of any or all improvements on the parcel. The Seller will furnish an abstract of title or title insurance. The purchaser may not assign his/her right to complete the sale. ALL DEEDS SHALL BE EXECUTED SOLELY IN THE NAME OF THE BIDDER AS REGISTERED AT THE AUCTION.

2. You are strongly encouraged to go to the property(ies) you are interested in and examine them in person from the sidewalk or street. You are, however, prohibited from trespassing on the property(ies) or entering into the building(s). This restriction also applies to the highest bidder on the property until the warranty Deed transferring ownership from the Seller to the new owner is recorded in the County Clerk’s Office. The Seller will resell any parcels if the successful bidder does not record their deed and pay the balance due within 30 business days of the auction, and the bidders deposit monies and auctioneer’s fee will be forfeited by the bidder.

3. Properties will be conveyed to the highest qualified bidder. Creekside Enterprises and United Country Palmer Real Estate reserves the right to reject any and all bids of any kind. Bidders should show Proof of Funds or Pre-Qualification approval from a qualified lender prior to the auction.

4.  Any promotional tools such as photographic slides, tax maps, written or verbal descriptions, etc. are for informational purposes only. Each bidder should research and visually locate the property prior to bidding. Town zoning and building code information can be obtained at the town or village where the property is located. It is the responsibility of the bidder to research any existing violations or restrictions on the property.

5.  Risk of loss or damage by fire, vandalism or any other cause (except taking under the power of eminent domain) between the time of sale and the time of deed delivery is assumed by the purchaser.

6. All potential Bidders must show acceptable identification for issuance of a Bidder/Buyer number.

7. All Bidders and all Buyers must register for this auction and must hold a Bidder/Buyer number.

8. The purchaser will be required to sign a legally binding STANDARD FORM CONTRACT FOR PURCHASE AND SALE OF REAL ESTATE  for the purchase which commits the purchaser to compliance with all Terms and Conditions as stated herein.

9. All decisions regarding the bidding disputes shall remain completely within the Auctioneer's discretion.

10. The Auctioneer retains the right to reject any bid that is not within current bidding increments or that is not an appropriate advancement over the preceding bid.

11.  The Auctioneer and the Seller shall remain forever immune from any and all liability concerning any personal injury, environmental hazards or property damage occurring before, during or after the auction, no matter what the cause. Additionally, the Auctioneer and Seller shall remain forever immune from the consequences of purchase of the property at this auction.

FINANCIAL:

Payments shall be made by cash, business or personal check, bank check, certified check or money order. Bank instruments must be made payable to the United Country Palmer Real Estate. The property transfer reports will be prepared and the closing process conducted by Fertig Law Offices.

12. 10% of the total amount bid must be paid immediately at "knockdown".

13.  The Successful Bidder must also pay a Buyer’s Premium of 10% of the Selling Bid Price, in a separate check or cash payable to United Country Palmer Real Estate, the day of the Auction.

14. The remainder of the purchase price must be paid with U.S. CURRENCY, CERTIFIED CHECK, CASHIER’S CHECK OR MONEY ORDER ONLY.  ABSOLUTELY NO PERSONAL CHECKS, BUSINESS CHECKS OR COINS ARE TO BE SUBMITTED and received by Fertig Law Ofiice, in approximately one month. All closings must be conducted between July 5, 2022 through July 26, 2022 with Fertig Law Office.

15. The purchaser, at closing, will pay a $55 recording fee by cash or check made payable to Chenango County Clerk as well as a $150 Title Search Fee payable by cash or certified funds to the Chenango County Treasurer.  Deed Transfer Fee is subject to change with New York State regulations.

16.  Failure to close on a property or failure to pay the remainder of the purchase price, subjects the purchaser to loss of any and all monies, and all rights or claims to the property in question.