Buyer's must read all terms and conditions prior to bidding. By registering and bidding on these lots, bidder represents and agrees to all the terms noted on this auction. These lots sell with confirmation of the seller. The earnest money is $2000 per lot and is non-refundable and is due within 24 hours of the conclusion of the auction. This can be paid for by certified check, cash, or wire transfer. The balance of the purchase is due at closing. Purchaser is responsible for wire transfer fees. Closing will take place in approximately 45 days. Buyer's premium is 3% and will be added to the bid price to arrive at the final purchase price. Example: Bid Price $100,000 plus 3% buyer's premium equals a contract purchase price of $103,000. All online only auctions are a cash sale and are not contingent on or subject to financing, appraisal, survey or inspections of any kind, as agreed to by bidders at registration prior to bidding. Online only auctions are timed events and all bidding will close at a specified time. There also can be auto extend features meaning any bids placed in the final minutes of an auction can cause the auction ending to be automatically extended from the time the bid was placed. It is always best to place your max bids prior to the day of closing to avoid technical issues. Auction Company and Real Estate Company are not responsible for any technical issues. This property sells with confirmation of the seller. This means the property will not sell if a satisfactory price to the seller is not met. Seller can accept or reject any and all offers and prices. High bidder will be contacted after the closing of the auction to be notified if the seller will be accepting or rejecting their bid. Successful bidder will be required to enter into a purchase agreement immediately following the close of the auction. Bachmann Carow Real Estate Inc. will make arrangements to immediately meet with the successful bidder or e-mail documents to be executed and e-mailed back to Bachmann Carow Real Estate Inc. within 24 hours of the end of the auction. Bidder will also sign an agency disclosure and appropriate addendums. Successful bidder not executing and returning contracts with the earnest money deposit within 24 hours will be considered in default. Any and all inspections that the buyer may want must be done at buyer's expense prior to the auction end. Purchase agreements are available upon request by bidders to review. Agency: Bachmann Carow Real Estate and Bachmann Auctioneers are representing the seller in this transaction. All bidders must provide their full name, address, and phone number where they can be reached. Bachmann Auctioneers reserves the right to deny registration. The seller and selling agents and Auction Company reserve the right to preclude any person from bidding if there is any question as to the person's credentials, fitness, etc. Bidders agree to keep their username and password confidential as they are responsible for ANY and ALL activity involving their account. Bachmann Auctioneers has the right to remove any property from the auction. All bidders must log in prior to the auction closing time to inspect any changes, corrections, or additions to the property information. Property is being sold AS IS, WHERE IS” and no warranty or representation either expressed or implied, concerning the property is made by the seller, sellers agent or the auction company. All sketches and dimensions are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. No liability for accuracy, errors, or omissions is assumed by the seller, seller’s agent or the auction company. Conduct of the auction and increments of bidding are at thee direction and discretion of the auctioneer. All decisions of the auction company are final. By bidding on the property at auction, bidder agrees to all terms and conditions set forth here and in the auction material as well as those set at beginning of the auction. Each buyer is responsible to conduct their own due diligence on the property before bidding. If there is a malfunction, shutdown, or loss of service during the auction, the auction company reserves the right to remedy the situation in whichever way best represents the seller, including cancelling existing bids. Auction Company is not responsible for any type of malfunction. Internet bidders who desire to make certain their bid is acknowledged should uses the maximum bidding feature and leave their maximum bid 24 hours before the close of the auction. The auction company makes the final determination and holds official records of winning bidders and final hammer price. The listings on this website regarding final hammer prices and winning bidders are unofficial. By registering and bidding on these lots, bidder agrees they have read and understand all terms and accept the terms of this auction. All properties are being sold according to legal description. TERMS AND CONDITIONS FOR BROKER COOPERATION: Real Estate Agents, the following conditions must be met to receive commission, no exceptions. 1. There is a 2% broker co-op for each Purchase Agreement. 2. Notice of Bidder/buyer representation is required no later than 24 hours prior to the close of the auction and prior to a buyer bidding on any of the lots. A Buyer’s Representation form must be completed, signed and delivered to LuAnn Carow, broker at lcarow@arvig.net or the Bachmann Carow Real Estate Inc. office at 48208 Luce Street, Perham. Call for further directions 218-347-1075. 3. There are no late exceptions allowed. 4. Buyer’s Agent must show the property to their buyer. 5. Buyer’s Agent must assist the buyer with online bidding and also read through all the terms with their buyer. 6. Buyer’s Agent will fill out the purchase agreement with their buyer if the successful bidder (the Purchase Agreement will be filled out in advance by Bachmann Carow Real Estate Inc.). 7. Buyer’s Agent will follow their buyer’s transaction through closing. There are covenants and restrictions on these lots. If you would like to review these, please let Austin know and he will email a copy to you. Austin 218-841-2469 or austinb@arvig.net . By bidding on this auction, bidder agrees to accept the covenants and restrictions as they are. Contract for Deed Options: The seller will consider contract for deed options with the following terms: $2000 per lot as non-refundable earnest money, 20% down at closing, monthly payments, amortized over 10 years, 6% interest, a balloon payment in 2 years or less on the back lots and side lots, and a balloon payment in 5 years or less on the lake lots.