Terms: 10% nonrefundable down payment due within 48 hours of the close of the Auction. No financing or other contingencies. Any required inspections must be completed prior to bidding. All information contained herein derived from sources deemed reliable but not warranted. Sold as is no warranties written or implied. Property will be sold free and clear of any & all liens and encumbrances. Taxes will be prorated to the day of closing. 45 days to close. 5% buyer’s premium will be added to determine the final contract price.
Successful bidder will be emailed a contract to be executed and returned to Kaufman Realty & Auctions of Wv. Successful bidders will deposit 10% of the Contract price in the form of cashier’s check or wire transfer to Kaufman Realty & Auctions of WV. The entirety of the remaining balance is due at closing or within 45 days. Instructions for wire transfer and /or cashier’s check transmittal will be sent by e-mail to the successful bidder. Purchaser shall be responsible for wire transfer fees.
Contract Documents will be sent by e-mail to the successful bidder must execute and fax or email back to Kaufman Auctions within 48 hours of the end of the auction.
Successful bidders not executing and returning their contract with earnest money deposit within 48 hours of the conclusion of the auction will be considered in default.
At the close of bidding. The system is set to add a 5 minute extension when a bid is placed within the last 5 minutes and will do so until no one bids during the allotted time.
Buyers Premium Example:
Bid Price: $100,000
Plus 10% Buyers Premium: $10,000
Total Contract Price: $110,000
Down Payment $11,000
DISCLOSURE: Kaufman Realty & Auctions of WV / Dave Kaufman Realty Inc. is acting as Auctioneer/agent and is an agent for the seller only.
DISCLAIMER: Information contained herein is believed to be correct to the best of auctioneer/agent’s knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions.
All square footage and other dimensions are approximate
BUYER/BROKER INFORMATION: Up to 1% Commission will be paid to any properly licensed buyer's broker who registers a successful buyer according to the Broker Participation Guidelines. Broker registration forms are available. Call for Broker Registration Form, or print it from the documents tab for that specific Auction. Must be registered & Approved 24 hours prior to Auction. Brokers/Agents are not entitled to a commission if they are the purchaser.
LAND AND TIMBER TERMS
Timber and land Management: The seller and purchaser agree to the following specifications regarding skid, haul roads and locations of landings.
To adhere to those practices as specified in the West Virginia Forest Practices Standards. To the professional judgement of Landmark Forestry LLC. And where practicable to follow the BEST MANAGEMENT PRACTICES, (BMP’S) Accordingly, where the above-named practices differ, the higher standard shall be controlling and binding for this agreement.
Purchasers and sellers agree and understand that timber and land may be sold separately
Purchasers of timber will have 4 years to harvest the timber on trees measuring 14 inches or greater. And agree to adhere to West Virginia BMP’S
Purchasers who are buying land only agree and understand that the timber will/could be harvested on trees measuring 14” or greater 4 years from the time of closing.