CONTRACT:

At the close of bidding, an appointment will be made with the highest bidder to complete a purchase agreement. An earnest money deposit of $5000 will be placed with, and held in escrow by Real Time Escrow within 24 hours. Failure by the high bidder to sign the purchase agreement within 24 hours will disqualify that bidder. If the high bidder is disqualified, the next highest bidder will be notified.

PURCHASER QUALIFICATION:

Bidders must initiate financing on this home, if applicable, within three (3) days of contract acceptance. Proof of the bidder’s ability to pay the purchase price, and/or qualify for financing, must be in the form of a written letter of qualification from a financial institution. It also must be  within the Highest Bid of contract acceptance. Purchaser should plan on closing on or TBD.

Should the high bidder fail to show his or her ability to pay the purchase price, or qualify for financing within the specified Highest Bidder period, or prove unable to close this sale within the specified date, the seller reserves the right to terminate the sale process and offer the property to the next highest bidder under the same stipulations. The owners reserve the right to reject any or all bids and terminate the sale process at any time without explanation to any potential buyer, with exception to an accepted contract.

CLOSING COSTS:

To be paid by Buyer with exception title policy and tax pro-rations typical in California.

INSPECTION REPORT & DISCLOSURE:

Buyer is encouraged obtain their own independent inspection report. The home will be sold As-Is, Where-as with no warranties expressed or implied. The Buyer is welcome to have their own inspections done at their own expense.

REALTOR OR BROKER FEES:

The owners will not be responsible for any commission or fees due to a broker or real estate agent representing a buyer. If a broker or real estate agent elects to bid on behalf of his/her client, all bids MUST BE NET TO SELLER and his/her client will pay any fees, monies or commissions due to the broker or real estate agent separately.

SALE POSTPONEMENT:

Owner reserves the right to postpone or cancel the sale if in his opinion an insufficient number of calls are not received by Friday evening or due to illness, foul weather or Act’s Of God and war. In this event the sale may be cancelled or postponed to an alternative weekend. Notice will be given to all, so we encourage you to call, leaving your name and phone number specifically for this purpose.