No Minimum Starting Bid!
Date: Bidding opens Monday, July 22 @ 10:00AM. Ends July 24 starting at 1:31PM.
Locations: 225 Redmond Road and Redmond Road, Lewis, Essex County, NY
12950
Description: 86+/- acres with Cottage, trout stream, and stables. Two (2)
parcels selling together as 1
Showing by appointment only. Contact office agents Philip Gableman
845-377-5063 or John Santiago 845-605-2504. Sunday, July 21
Internet Bidding Packet
Property Information
Packet
Auction Info
No Minimum Starting Bid!
Date: Bidding opens Monday, July 22 @ 10:00AM. Ends July 24 starting at 1:31PM.
Locations: 225 Redmond Road and Redmond Road, Lewis, Essex County, NY
12950
Description: 86+/- acres with Cottage, trout stream, and stables. Two (2)
parcels selling together as 1
Showing by appointment only. Contact office agents Philip Gableman
845-377-5063 or John Santiago 845-605-2504. Sunday, July 21
Internet Bidding Packet
Property Information
Packet
Categories:
Terms And Conditions
Terms and Conditions of Bidding and Purchase for NY Real Estate at Online Auction
Thank you for participating in today?s auction. The auction will be conducted by Absolute Auctions & Realty, Inc. (AARauctions.com or AARbids.com) on behalf of the owner of the real estate (the Seller). The real estate offered for sale at auction (the real estate) is fully described in the Contract for Purchase and Sale, a copy of which is available for inspection within the Internet Bidding Packet.
1. Registration. All bidders are required to register prior to the auction at www.aarbids.com, complete an 'internet bidding packet', tender a deposit of $5,000 in cash, wire transfer or guaranteed funds made payable to - Absolute Auctions & Realty, Inc. And deliver/mail to Absolute Auction Center, 45 South Ave., P.O. Box 1739, Pleasant Valley, NY. In the event of a successful bid, bidder approves applying said funds toward the 10% buyer's premium downpayment. Auctioneer reserves the right to decline registration if forms are not completed.
3. Buyer's premium. 10% buyer?s premium shall be
added to the top bid to become part of the purchase price. Buyer's premium
definition: the buyer's premium is that portion of the commission(s) which
is/are being paid by the buyer. It is clearly understood and agreed by both
buyer and seller that the auctioneer and broker represent the seller only. The
full buyer's premium is due no later than 4:00 pm on the next business day
following the auction, the successful bidder shall deliver, by wire transfer, or
guaranteed funds acceptable to auctioneer/broker, the balance of the ten percent
(10%) of the bid price. Said downpayment funds shall be payable to Absolute
Auctions & Realty and deposited in an account designated by Absolute Auctions &
Realty, for preservation of said funds. Failure to fund said downpayment shall
constitute immediate default by the high bidder.
5. Back up bidder: The back-up bidder agrees that
his/her bid shall be kept open until such time as the buyer's premium has been
provided to auctioneer/broker by the high bidder. In the event the high bidder
fails to provide the buyer's premium, the backup bidder shall become the high
bidder and shall be obliged to provide the funds set forth herein, by four pm
the following business day, upon notification by any means that he or she is now
the successful bidder.
10. Privacy of auction. The auction is a privately
conducted event, not open to the public and as such, auctioneer/broker reserves
the right to refuse admittance to any person.
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