|BY REGISTERING, ALL BIDDERS ARE HEREBY CONFIRMING THAT THEY HAVE READ AND UNDERSTAND THE ENCLOSED TERMS.|
These businesses, real estate and equipment are being sold "as is" with no contingencies!
Buyer will need to do their due diligence in advance regarding financing and inspections as this transaction will have no contingencies.
7% Buyer's Premium will be added to the purchase price.
Example (If final bid is $500,000, the sale price will be $535,000).
BIDS CANNOT BE RETRACTED ONCE PLACED. This includes max bids.
Darr Auctions will contact the buyer on the evening the auction closes to schedule a time to sign the purchase agreement. Buyer and seller agree that the purchase agreement will be structured so that real estate, equipment and shares will be divided at the recommendation of the seller's accountant for tax purposes(Sec. 1377 Election) The seller will have up to 2 business days to structure this with his accountant before the agreement is signed. THIS WILL NOT CHANGE THE AGREED UPON SALE PRICE. At the signing, buyer agrees to pay 15% of the sale price as nonrefundable earnest money (contingent only upon clear title). All taxes will be prorated. Buyer to assume assessments. Closing within 45 days pending clear title.
Seller retains the right to accept or reject any or all bids. Seller also retains the right to sell the property outright through Tuesday, November 15th upon a successful purchase agreement at which point this auction would be cancelled.
Buyer will receive the property "free and clear" knowing that past flood loans require a running business through 2017 or some forgivable portions may require reimbursement. ALL LOANS HAVE BEEN PAID IN FULL IN ADVANCE BY THE SELLER.
Darr Auctions cannot and will not guarantee internet or email service. Should there be a power outage or internet failure, Darr Auctions reserves the right to extend ending times at our discretion. No bidder will hold Darr Auctions responsible for any failure of internet or email to function properly. Should a bidder not receive an invoice or a “you have been outbid” email, buyer will not hold Darr Auctions responsible and hereby agrees to monitor all bids and invoices on an individual basis. By registering to bid, all bidders are hereby in agreement.
You must read our terms and conditions and register (if you have registered for one of our previous auctions you don't have to reregister but can use the same bidding number for all our auctions) before bidding on this auction.
Helpful hints: Once you have registered to bid, you can use the same bidder number and password for all of our online auctions without having to reregister. Don't forget to use the "refresh" button. As an auction is ending you will see the clock telling you when each item will end. You must hit "refresh" every so often to see the updated time and to see if you have been outbid.