AUCTION DATE: Fri - Mar 18 - 2:00 PM
PROPERTY: 1818 Dolphin Blvd S - St Petersburg, Fl

1. TERMS: $25,000.00 deposit down time of Auction. Deposit must be in the form of cash, bank/cashier's check, or certified check. Balance due at closing. Closing to take place on or before 30 days following the day of the Auction. Check may be made payable to bidder, endorsable to Trust Account.
2. BIDDER REGISTRATIION: Although there is no obligation to bid, all prospective buyers must register in order to bid at the Real Estate Auction. As part of the registration process, you will be asked to verify (check number) that you have cash, bank/cashier's check or certified check in your possession, payable to yourself and endorsable to trust account, to enable you to make the necessary deposit if you are the successful bidder.
3. AUCTION TYPES: Properties may be offered through any of the following Auction methods:
A) Absolute Bid - The property will be sold to the highest bidder regardless of price.
B) Minimum Bid - The property will be sold to the highest bidder at or above the published price.
C) Reserve Bid - The property will be sold to the highest bidder at or above the unpublished price..
4. CONDITIONS OF THE AUCTION: The Auctioneer's decision is final in the event of a dispute over any Auction matter. The Auctioneer reserves the right to accept bids in any increments he/she feels are in the best interest of the client(s). The Auctioneer reserves the right to bid on behalf of any absentee buyer, providing the proper Absentee Bid Form has been completed. All Auction Sales and Purchase Contracts will be presented to the Seller for final approval. The Auctioneer reserves the right to withdraw any property including Absolute Sales from the Auction, without penalty. The Auctioneer may elect to cancel the Auction without penalty if the Auctioneer believes the outcome will not be in the Seller's best interest. If the Seller is not present, the Auctioneer may elect to start or cancel the Auction without penalty. The Auctioneer shall be held harmless by Buyer and Seller should the property fail to go to a successful settlement for any reason. The Seller, the Auctioneer and its agents shall not be held liable for any errors and omissions regarding Auction property.
5. DUE DILLIGENCE: Buyer assumes responsibility to check with the appropriate authority/authorities regarding the property's zoning and current or future intended use as well as any restrictions or covenants affecting the property. Bidder(s) have the right and should examine the applicable county master plan and any municipal land use plans and maps for the area in which the property is located prior to bidding. The Seller, Auctioneer and Agents assume no responsibility for the information contained in said plan(s) and assume no liability for failure by buyer to review the plans and encourage the bidder's to perform a thorough process of "due diligence" and inspections prior to the auction. The Contract for Purchase will not be contingent upon bidder(s) review of such plans or inspections. No contingency contracts will be accepted.
6. TITLE: A guaranteed certificate of title will be provided at Seller's expense giving marketable title at closing, subject to deed restrictions of record. The buyer shall be responsible for all other closing cost associated with the Sale.
7. TAXES: All taxes paid and prorated State of Florida method at closing.
8. AGENCY: Bay Area Auction Realty is the seller's agent.
9. BUYER'S PREMIUM : A Ten Percent (10%) buyer's premium will be added to the final bid to establish the final Sale Contract Price. It is clearly understood by the Buyer, that Bay Area Auction Realty represents the Seller and that this Buyer's Premium in no way implies an Agency relationship between the Auctioneer and Buyer.
10. MORTGAGE FINANCING: Financing is not a condition of the Purchase Contract. It is recommended that the Bidder does his/her due diligence (pre-qualification) in regards to being able to perform financially within the allotted closing period.
11. PROPERTY INSPECTION: The Bidder acknowledges that he/she has inspected the Property and will be purchasing the property "As is - Where is".
12. LEASED PROPERTIES: All leased properties will be sold subject to existing leases and subject to tenant's rights under state and local statutes.
13. WARRANTEES: There are no expressed or implied warranties on the property or properties and are being sold "As is - Where is".
14. FORMS: Bidder acknowledges that he has reviewed prior to bidding the appropriate forms, if applicable, as may be required by the State in which the auction is being held.
15. DISCLAIMER: All the information, whether written or verbal, has been derived from sources believed to be correct, but not guaranteed. All property dimensions are only approximations. Buyers shall rely entirely on their own judgment, inspections and due dilligence. Any other terms and conditions announced the day of Auction will take precedence over printed material.
16. BROKER PARTICIPATION: Broker participation is welcomed.
Call for registration forms and guidelines - 727-548-9303

Bidder acknowledges receipt of the printed terms and conditions and hereby agrees to them, which is acknowledged by his/her signature below.

Have check or funds for deposit in possession: _______ YES _______ NO

Dr. Lic. # ___________________________________________


Signature: __________________________________________

Date: ____/_____/______


Thomas Farner, Auctioneer, Lic R.E. Broker
Phone: (727) 548-9303 Toll Free: (800) 452-3905  
Fax: (727) 548-9403
8010 Us Hwy 19 North, Pinellas Park, FL 33781