Please read all information thoroughly. Please call 501-840-7029 with any questions. Earnest Money: A sum in the amount of ten percent (10%) of the purchase price or $50,000, whichever is greater, shall be deposited as earnest money to the escrow agent specified in purchase agreement, by the high bidder within 24 hours following auction. This will be credited to the Buyer at closing. The purchase agreement must also be executed within this 24 hour period following auction end. The deposit is non-refundable if transaction is not closed within 30 days. Terms: If a bidder does not comply with the online terms the bidding rights shall be terminated or extinguished without notice. Atlas Real Estate Firm, LLC utilizes timed auction events in an online setting. Bidders will need a continuous Internet connection, high speed is recommended. Under no circumstances shall Bidder have any kind of claim against Atlas Real Estate Firm, LLC or anyone else if the Internet service fails to work correctly before or during the auction. Internet bidders who desire to make certain their bid is acknowledged should use the proxy-bidding feature and leave their maximum bid 24 hours before the auction ends. Payment: Wire transfer, due and payable at the time of closing on or before the contract closing date stipulated in the purchase agreement. This agreement must be completed within 24 hours of receipt of the documents or the purchaser shall be in default. Buyer's Premium: A ten percent (10%) Buyer's premium will be added to the high bid price to equal the contract price used in the purchase agreement. For example, a bid price of $100,000 would equal a contract price of $110,000. ($100,000 + $10,000) This property is sold without contingencies in an AS IS condition. RESERVATIONS: Property is sold subject to Seller's confirmation and acceptance of final bid price.