Professional Documents
Culture Documents
Registration - Registration at the auction confirms your agreement to the terms and conditions of sale as stated here and in the Contract for Sale. Do not bid unless you have registered, received a Bidder's Card and Sale Day Notes and have read and agreed to be bound by the terms of sale in the Contract, a binding agreement upon you becoming the winning bidder. A registration form is available on our website. Please complete, sign and send to our office, with proof of funds or preapproval letter, to receive a buyers packet. Proof of Funds - Seller Mandated Financing Disclosure: The seller requires that the high bidder be able to demonstrate proof of funds or financing pre-qualification. Buyer must obtain a pre-approval letter from a lender of their choice. If buyer intends to pay with cash, a bank letter or other financial account statement showing proof of sufficient funds to cover 100% of the purchase price will be required. Buyer understands and agrees to submit said document to RGM at registration Use of Real Estate Broker - The Buyer may be represented by a Broker/Agent at any time. Broker/Agent must register buyer with RGM Real Estate Co. at least 24 hours prior to the auction. Broker/Agent may inspect the property with their client and must accompany them on auction day to be compensated on this transaction. Commission amounts will be specified on the Terms of Sale on each individual property. There is a Broker/Agent Participation Form on our website. If the Buyer has not been registered by a Broker/Agent, the buyer is not represented and agrees to represent his/her own best interest. Any information provided RGM Real Estate Co. may be disclosed to the seller. AS IS, WHERE IS - All properties are sold "AS IS, WHERE IS" with no financing, inspection or other contingencies to sale. RGM Real Estate Co. represents the Sellers only and does not inspect properties on bidder's behalf. View the Contract, Terms and Conditions and Sale Day Notes to determine the existence of any disclosures, exclusions, representations and disclaimers. Do not bid if you have not inspected the property(s). By bidding you agree to all disclosures. Compliance Disclosure - Transfer Compliance Disclosure. Property may be subject to undisclosed city/county requirements for transfer/transfer tax, and Buyer is responsible for all costs of compliance, which may include escrow of repair funds, remediation, and/or conducting inspections. Financing Disclosure - Buyer acknowledges that property condition may adversely impact the availability of financing for said property. Buyer agrees to accept 'as is, where is' and is responsible for all costs and remediation therein. Buyer agrees to accept with no contingencies. Buyer acknowledges that seller has no obligation or responsibility to reconnect utilities for the purpose of inspection or for any other reason. Buyer further acknowledges neither seller, RGM Real Estate Co., nor its agents make any assertions or guarantees as to the condition of said property or that utilities, plumbing, or fixtures therein will meet any financing guidelines. Liability Disclosure - Your inspection of the property(s) and attendance at this auction are at your own risk. Broker and Seller, their agents and employees, expressly disclaim any "invitee" relationship and shall not be liable to any person for damage to their person or property while in, on or about these properties, nor shall they be liable for any defects, dangers or conditions on the property(s). All persons enter the property(s) and attend the auction at their own risk and shall defend, indemnify, and save harmless Broker and Seller, their agents and employees, from any and all liability attendant thereto. Buyers Due Diligence - It is the Bidders sole responsibility to perform any inspections Bidder deems pertinent to the purchase of the Property and to be satisfied as to the condition of the Property prior to bidding. Each bidder assumes all risks associated with any such inspection. The Property both real and personal (if any), are being sold in their existing AS IS, WHERE IS, WITH ALL FAULTS condition, with no express or implied guarantees or warranties whatsoever, unless otherwise required by law. Personal on-site inspection of the Property is strongly recommended and bidders are advised to independently verify all information they deem important. Bidder understands that he/she may review the diligence materials and disclosures provided RGM Real Estate Co.; however, RGM Real Estate Co, and the Seller assume no liability for errors or omissions in these disclosures or any other property listings or advertising, promotional or publicity statements and materials. Each Property is scheduled to have one or more open houses, and/or showings upon request, pursuant to the schedule posted at www.rgmrealestate.com . Although information has been obtained from resources deemed reliable, neither RGM nor Seller makes any guarantee as to the accuracy of any such information.
Insurable Title - Buyers receive a deed and insurable title to each property, as evidenced by the Title Insurance offered by the Closer indicated in the Contract. Current year's property taxes are pro-rated through day of closing as customary. Any manufactured housing not already considered attached to the real estate will be conveyed only with a hold harmless agreement or quit claim Bill of Sale unless otherwise noted. Buyers Fee - There will be a Buyers fee added to the winning bid and included in the total purchase price. Please see the Sale Day Notes, The Contract for Sale, or RGM Real Estate for specifics about the property you wish to bid on. Therefore, the actual total purchase price on the Auction day (and at the closing) is equal to the winning bid amount plus the Buyers Fee (the Total Purchase Price.) The Total Purchase Price does not include other amounts payable by the winning bidder during closing, such as escrow/closing fees, property taxes, or insurance as more fully set forth in the purchase documentation.
Reserve Auction - If it is a reserve auction, unless otherwise noted in a specific Property listing, and all Properties have a reserve price (Reserve Price), meaning the Seller of each Property can accept or reject any bid and has also established an unpublished, minimum selling price. The starting bid is not the Reserve Price. Except where prohibited by law, during a live bidding event (online or otherwise) RGM Real Estate Co., as Bid taker, may open bidding on any Property by placing a bid on behalf of the Seller and may further bid on behalf of the Seller up to the amount of the Reserve Price by placing successive or consecutive bids for a Property, or by placing bids in response to other bidders. If no bidders meet the Reserve Price, the Seller is under no obligation to sell the Property (see Subject to Confirmation section below). The Seller may withdraw a Property at any time prior to the announcement of the completion of the sale by RGM Real Estate. RGM Real Estate Co. is not acting as an agent for any Bidder in any capacity, and is acting exclusively as the Sellers agent as Bid taker.
BROKER:
RGM Real Estate Co. 43W987 Empire Road St. Charles IL 60175