Auction Terms & Conditions TERMS AND CONDITIONS OF THE REAL ESTATE AUCTION
204 SE 8th Street, College Place, Washington
1. SITE INSPECTION AND SALE DOCUMENTS
You should personally inspect all properties you are interested in purchasing, including a
physical inspection of the premises. You should take the opportunity to look for any and all defects
present on the premises including, but not limited to, the existence of lead based paint and lead
based paint hazards. The following documents are available and must be thoroughly reviewed for
details of the offering:
(a) Terms and Conditions of the Real Estate Auction
(b) Purchase & Sale Agreement;
(c) Terms and Conditions of Purchase and Sale Agreement;
(d) Disclosure of Information on Lead-Based Paint and Lead-Based Paint Hazards,
Addendum to Purchase and Sale Agreement;
(e) Seller Disclosure Statement;
(f) Preliminary Title Report;
(g) Home Inspection Report & Complete Wood Destroying Organism Inspection Report;
(h) The Law of Real Estate Agency;
(i) Protect Your Family from Lead in Your Home.
The Seller Disclosure Statement is available for each buyer prior to sale. Bidders must
specifically waive the right to rescind the Purchase and Sale Agreement pursuant to RCW
64.06 et seq. Bidders are responsible for making their own evaluation of the property and
may not rely on the Sellers(s) or sales personnel. Prospective purchasers are advised
to seek legal advice in their review of the documents.
2. REGISTRATION AND BIDDING
Registration is required to bid. To register contact Macon Brothers Auctioneers by e-mail
at firstname.lastname@example.org or call 509-529-7770. Bidders are encouraged to complete registration as
soon as they have decided to bid on the property.
Upon registration, Bidders must present: 1) a $_10,000.00 deposit in the form of cash,
cashiers check or business or personal check, and 2) a signed Purchase and Sale Agreement,
Terms and Conditions of Purchase and Sale Agreement and Disclosure of Information on Lead-
Based Paint and Lead-Based Paint Hazards, Addendum to Purchase and Sale Agreement.
Checks may be made payable in bidder’s name or to Walla Walla Title Company and held for
presentation by the bidder until they would be become the high bidder. Signed documents are
retained by auctioneer until the award of high bid at auction is determined. Unsuccessful bidder's
documents will be returned at the conclusion of the Auction or destroyed at the bidder’s option.
Bidding shall take place at the property, 204 SE 8th Street, College Place, WA at
approximately 2:00 P.M., December, 6, 2020.
Bidding increases will be in such increments as the Auctioneer, in his sole discretion,
directs. In the event of a dispute between bidders, the Auctioneer shall make the sole and final
decision to accept the final bid or to re-offer and re-sell the property in dispute.
Upon completion of the bidding, the highest bid will be entered on the Purchase and Sale
Agreement, the 10% Buyer’s Premium will be added to arrive at the total purchase price and the
offer will be presented to the seller(s) for acceptance or rejection.
Upon acceptance of such bid by the Seller, the $_10,000.00, together with an additional
deposit, the sum total of which shall be no less than 5% of the total purchase price, will be
deposited with the closing agent. The additional deposit may be made by cash or personal or
The deposit, once paid, is nonrefundable.
4. BUYER’S PREMIUM
A 10% Buyer’s Premium shall be added to the high bid to determine the total purchase
All financing arrangements are the sole responsibility of the Buyer(s). Information required
to complete loan packages (Preliminary Title Report, etc.) will be provided upon request.
Acquiring financing shall not be a contingency of purchase.
All sales must close on or before the ___45th_________day following Seller’s acceptance,
unless Buyer(s) receive(s) an extension in writing from the Seller(s). See "Extension." All Buyers
are required to pay escrow fees, closing costs and related expenses standard in the industry.
On a case-by-case basis and at the Seller's sole discretion, the parties may agree to an
extension of the closing date. Purchaser should be aware that the Seller may require an
additional, non-refundable deposit as an extension fee. Purchaser shall not have an absolute right
to an extension. If the sale does not close by the closing date, Seller shall be entitled to remedies
as set forth in the Terms and Conditions of Purchase and Sale. Any request for an extension must
be made in writing at least five days prior to the scheduled closing date.
8. AS IS, WHERE IS
Auction property is being offered "As Is, Where Is." The information contained herein and
in all other verbal and printed materials is obtained from sources deemed reliable, and the Seller(s)
and the Auctioneer assume that the Buyer(s)is/are relying solely on his/her/its/their own inspection
of the property and the materials relating to the Auction. The Auctioneer and its representatives
and the Seller(s) and their representatives assume no responsibility for accuracy, errors or
9. VOLUNTARY SALE
The Seller(s) chose the Auction as the best sales method for their property.
10. ADDITIONAL CONDITIONS
(a) Seller(s) reserve the right to refuse admittance to anyone or remove anyone from the
Auctions for interference with Auction activities or other reasons.
(b) Renderings, maps and elevations are artists' conceptions only. Square footages are
approximate. Actual square footages may vary.
(c) Seller(s) reserve the right to postpone or cancel the Auctions in whole or part, at their
sole discretion. Seller(s) may modify or add any terms or conditions of sale and announce those
modifications or additions either prior to or during the bidding process.
(d) Oral representations may not be relied upon. No liability for accuracy, omissions or
errors in the information contained herein is assumed by the Seller(s) or their Agents.
Seller User Terms
Bidder User Terms