Terms & Conditions

1. You must be at least 18 years old to bid on the online auction.
2. Sale may be subject to bank approval.
3. Any repairs need to the property should be considered in you bid/offer. Seller/Bank may not offer any repair allowances.
4. Seller may choose to set a reserve price. If the reserve is NOT met, all bidders may be contacted to submit additional offers.
5. A 1% Buyer’s Premium will be added to the final bid/offer price. The Buyer will submit the Buyer’s Premium as an earnest money deposit upon execution of the purchase contract within 2 business days of the auction.
6. All Buyer’s must provide proof of funding either to the Agent or SellMyHouse.com for the purchase of the property via a bank or mortgage pre-qualification letter. Funding should be attained before bidding on the property.
7. Buyers are encouraged to schedule a viewing of the property with the listing agent prior to the auction. Winning bidders will be required to follow through with the contract even if they chose not to view the property prior to becoming the winning bidder.
8. In the case of multiple offers, the seller reserves the right to consider ALL offers over a 2 business day period and negotiate with any or all of the bidders to secure an acceptable contract.
9. Closing will be conducted by a title company acceptable by both the buyer and the seller. If clear title cannot be provided the buyer is entitled to a full refund of the earnest deposit and the contract becomes void.
10. Material defects in the property found during an inspection that were not disclosed prior to the aucgtion are grounds to void the contract. Buyers are encouraged to attain disclosure documents from the listing agent prior to bidding on the property.