TERMS AND CONDITIONS

PROCEDURE

The property will be offered in 8 individual tracts, any combination of tracts, or as a whole property. The property will be sold in the manner resulting in the highest total sale price.

REAL ESTATE BUYER’S PREMIUM

A 10% Buyer’s Premium will be added to the final bid and included in the deed transaction sale price.

DOWN PAYMENT

A 15% down payment is required on the day of the auction, with the balance due in cash at closing on or before 30 days. The down payment may be in the form of cashier’s check, personal check, or corporate check.

YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.

CLOSING

Closing shall take place on or before 30 days from auction date.

REAL ESTATE TAXES

All 2026 ad valorem taxes will be prorated at closing.

SURVEY

The property will be sold by a new survey. Buyer will be responsible for 50% of the cost.

DISCLAIMER AND ABSENCE OF WARRANTIES

All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement.

Announcements made by the Auction Company at the auction podium during the time of the sale will take precedence over any previously printed material, or any other oral statements made.

The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or Auction Company.

Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property.

The information contained in this brochure is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company.

All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including a warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages.

Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. All decisions of the auctioneer are final.

NEW DATA, CORRECTIONS, AND CHANGES

Please arrive prior to scheduled auction time to inspect any changes, corrections, or additions to the property information.

ONLINE BIDDING & TECHNOLOGY DISCLAIMER

Bidding is conducted through an online auction platform and requires internet access. Harris Real Estate & Auction is not responsible for any technical issues, including but not limited to:

Internet connectivity failures
Delays, latency, or interruptions in service
Software or platform malfunctions
User device, browser, or hardware failure

Bidders are solely responsible for ensuring adequate internet access, equipment, and familiarity with the online bidding system prior to bidding. Failure to place bids due to technical issues does not relieve the bidder from responsibility for bids placed or obligations arising from winning bids.

BID EXTENSIONS & AUCTION CONTROL

Any bid placed within the final minutes of the auction may automatically extend the bidding time in accordance with the online platform’s rules to ensure fair competition.

Harris Real Estate & Auction reserves the right, at its sole discretion, to:

Extend bidding time
Reopen bidding
Pause, suspend, or cancel the auction
Resolve bidding disputes

in the event of technical difficulties, platform failure, or system irregularities.

BINDING NATURE OF BIDS

All accepted bids constitute a legally binding contract between the bidder and the Seller. Once the auction closes, the successful bidder is obligated to complete the transaction in accordance with these Terms & Conditions.

DEFAULT & FAILURE TO CLOSE

If the successful bidder fails to timely execute the purchase agreement, submit the required down payment, or close within the stated timeframe, the bidder shall be considered in default. In such event, the Seller and Auction Company may retain the down payment as liquidated damages and pursue any other remedies available by law.

ACKNOWLEDGMENT

By registering to bid and placing bids in this online auction, bidders acknowledge that they have read, understand, and agree to be bound by these Terms & Conditions and the Purchase Agreement.

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