PLEASE READ: At the request of the auction company, this auction permits bids to be placed by the auctioneer, an employee of the auctioneer, or the seller or an agent on the seller's behalf. While Proxibid's Unified User Agreement prohibits this behavior, in accordance with UCC 2-328, this auction is permitted to engage in this activity by providing this clear disclosure to you, the bidder.
Special Terms
AUCTION REGISTRATION: The online registration form available at www.proxibid.com /romanauctions will need to be completed. A credit card is needed fro verification purposes ONLY and will NOT be charged. Upon completion of this registration you will receive an email indicating you must provide proof of funds from your bank that you have sufficient funds to cover the required earnest money down payment before online bidding is activated. This can be accomplished by emailing the proof of funds to croman@georgeromanauctioneers.com a minimum of 24 hours prior to the auction start time. Proof of funds can be in the form of a copy, email, or original of a current bank statement or brokerage statement in bidders name showing sufficient funds for the earnest money deposit required per property.
BUYERS PREMIUM: Properties will be sold with a ten (10%) percent buyers premium. The bid amount plus buyers premium equals the final purchase price.
EARNEST MONEY PAYMENT: Winning online bidders must deliver earnest money via wire transfer or cashiers check to HERITAGE UNION TITLE CO immediately following the auction or within 24 hours for wire transfers, in the amount specified per property in the description with terms. The successful online bidder will be notified immediately following the closing of the auction and emailed the Auction Purchase Agreement, to sign and return. Balance will be paid in full at closing on or before 30 days of acceptance of the offer.
TITLE AND BUYER EXPENSES: BUYER TO PAY ALL CLOSING COSTS!! HERITAGE UNION TITLE CO will be handling the title work and closing services.
BUYER FORMS: A bidders packet is available online or by email request and will include the Purchase Agreement, Agency Disclosure, Lead Based Paint Disclosure, the Property Disclosure, AS IS Acceptance form, Affiliated Business Disclosure, and Addendum to Purchase Contract.
BROKER PARTICIPATION: Broker participation is offered - contact Chris Roman for registration forms and guidelines at 330.717.1274 or croman@georgeromanauctioneers.com.
DISCLAIMER: All information was derived from sources believed to be correct, but is not guaranteed. Public records were used as a source of information. Buyers shall rely solely on their own due diligence, judgement and inspection of the property.
1. All property is sold AS IS, and ALL SALES ARE FINAL. Property is open to thorough public inspection. It is the Bidders responsibility to determine condition, age, genuineness, value or any other determinative factors. George Roman Auctioneers, Ltd. may attempt to describe the merchandise in advertising, on the Internet, and at the auction, but makes no representations as to any of these determining factors. In no event shall George Roman Auctioneers, Ltd. be held responsible for having made or implied any warranty of any type or use. Bidder shall be the sole judge of value.
2. All Internet Bidders agree to pay a buyers premium equal to Ten Percent (10%) of the hammer price of each item they purchase. If the hammer price of an item is $100,000.00 the buyers premium will be $10,000.00 for a total purchase price of $110,000.00.
3. George Roman Auctioneers, Ltd. is providing Internet on-line bidding as a service to the Bidder. Bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall Bidder have any kind of claim against George Roman Auctioneers, Ltd. or anyone else if the Internet service fails to work correctly before or during the live auction. George Roman Auctioneers, Ltd. will not be responsible for any missed bids from any source. Internet bidders who desire to make certain their bid is acknowledged should use the proxy-bid feature and leave their maximum bid 24 hours before the auction concludes.
4. Bidder agrees that this agreement shall be governed by the laws of the state of Ohio and hereby grants sole jurisdiction and agrees to submit to the personal jurisdiction and venue of a court of subject matter jurisdiction located in Ohio. Bidder agrees and grants that service of process on them may be obtained by mailing a certified letter, containing a summons, postage prepaid, to them at the address they provided to register. Should a dispute arise between George Roman Auctioneers, Ltd. and Bidder, Bidder waives any right to a trial or hearing in a court of law and agrees to settle the dispute through binding arbitration in Ohio.
5. George Roman Auctioneers, Ltd. may refuse a buyers number to anyone for any reason. Bidder agrees to provide any identification George Roman Auctioneers, Ltd. may request including but not limited to: drivers license, photocopies of credit cards, Social Security card or US Passport. Bidder agrees to comply with any stated additional terms or conditions associated with particular items.
Thank you for your patronage.