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Terms and Conditions for Online Auctions

For Real Estate Auctions Only:

Successful bidders will mail 20% of the contract price, if the contract price is over $5,000.00. If the final contract price is $5000.00 or less the successful bidder will mail 100% of price. In the form of cash, personal or company check, along with a signed a real estate contract. Buyer will owe the remaining balance at closing. A 10% buyer's premium will be added to all high bids to arrive at the contract price.

All high bidders' credit cards will be charged in the amount of $1,000.00 (one thousand dollars) at the end of the auction. This charge will then be credited back the buyers credit card once their earnest money check as been received. South Auction and Realty will not be able to access or view any personal information and/or credit card information of any registered bidder. All transactions are handled through a third party processor. If you have done business with us before we may elect to wave this automatic charge. Please call Brent Stephens (706-442-5513) for more details.
Contract and deposit must be mailed within 24 hours to:
South Auction and Realty
PO Box 134
Swainsboro, GA 30401

Broker Participation:
A two percent (2%) (of SAR commission), commission is available to registered brokers. Broker Participation form is available at southauction.com.

Closings:
All closing costs are paid by the buyer.
All real estate transactions will close in 30 days or less after the end date of the auction.

Survey:
If buyer wishes to have any property surveyed. All survey costs will be paid by the buyer.

Special Notes:
1. ALL ACREAGE REFERENCED IN BROCHURE, ON SIGNS, AND ONLINE ARE ESTIMATED ACRES.
2. SOUTH AUCTION AND REALTY NOR THE SELLER GUARANTEES THAT EACH AUCTION SIGN IS ACCURATELY PLACED ON THE PROPERTY BEING SOLD.
3. ALL SELLERS HAVE THE RIGHT TO ACCEPT OR DECLINE ANY HIGH BID. ALL BUYERS WILL BE NOTIFIED WITHIN 3 BUSINESS DAYS IF THEIR BID IS ACCEPTED.
4. PLEASE CONTACT AUCTION COMPANY BEFORE INSPECTING PROPERTY. ALL INSPECTIONS ARE AT OWN RISK.

Special Stipulations:
1. Any personal internet connection failures during the auction are the responsibility of the bidder. The auction will continue as normal and the item will be sold.
2. The auction company shall not be held responsible for any "missed" bids or bids unseen by the auctioneer. The bids are received immediately when they are entered. If you have a question pertaining to your bid please contact the auction company.
3. ALL SALES ARE FINAL.
4. By bidding on any item, the bidder shows acceptance of the terms of the auction and is responsible for closing on the property if they are the high bidder when the auction time has expired.
5. The auction company reserves the right to refuse service to any person.
6. 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.

Disclaimer:
Auctioneer can bid on behalf of seller. No personal property is included with any auction real estate. By bidding on the property all buyers are responsible for closing on the property. By bidding in the auction you are acknowledging that you agree to the terms and conditions. Seller and Purchaser agree that any dispute arising under the terms and conditions of this sales contract or auction agreement shall be heard in the Superior Courts of Emanuel County, Georgia. All property is selling as-is, where-is with all faults and is selling subject to easements, leases, restrictions, covenants, conditions, zoning and all other matters revealed be a current survey or an inspection of the property or contained in public records. It is the bidders responsibility to determine the information contained herein is accurate. Each bidder must conduct and rely on their own inspection and investigation. All property is sold as it lies at the time of the auction. The auction company strictly represents the sellers. All inspections are the responsibility of the buyer.

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