Name Paris Multi-Property Auction 190927
Auctioneer Chisum USA LLC
Type Online-Only Auction
Date(s) 9/27/2019 - 10/11/2019
Bidding Opens: 9/27 8am - Closes: 10/11 7pm
Preview Date/Time Contact Auctioneer for preview information
Checkout Date/Time N/A
Location 28 W. Plaza
Paris, TX 75460
Buyer Premium 10% Buyers Premium
Description
MULTI-PROPERTY AUCTION - Commercial, Residential, and Investment Properties
Auction Terms & Conditions CHISUM REALTY & AUCTION MULTI-PROPERTY AUCTION Each property is subject to a minimum opening bid. If the high bid for any single property meets or exceeds the minimum opening bid, the property will be sold subject to the terms and conditions of the Purchase Agreement executed between the parties. BUYER'S PREMIUM There is a 10% buyer's premium on all properties in this auction. The contract price on the Purchase Agreement will be calculated as the (high bid + 10% = contract price.) FIRST BIDDER DISCOUNT The first bidder who enters a bid on a property will receive a 20% discount as applied to the Buyer's Premium if they are the successful high bidder and purchaser of that property. EARNEST MONEY DEPOSIT Immediately following the close of bidding, the successful bidder will execute a Purchase Agreement and deposit the higher of either $500.00, or 10% of the contract price with the escrow agent. PURCHASE AGREEMENT The Purchase Agreement is not assignable, not contingent upon financing, and not contingent upon inspections. Each buyer is responsible for obtaining their own financing. If you are not a CASH buyer, and you cannot obtain financing, DO NOT BID OR YOU MAY LOSE YOUR EARNEST MONEY. This agreement is subject to the Seller being able to provide insurable title. Buyer will pay all closing costs except for the Seller providing owners title insurance and pro-rated taxes. All adjustments of property taxes or other pro-ratable items shall be as of the Closing date. A copy of the Purchase Agreement may be obtained from the Auctioneer upon request. CLOSING The balance of the purchase price is due at closing on or before November 15, 2019. DISCLOSURE Each property is being sold "as-is", "where-is", and "with-all-faults, if any. No warranty as to condition or suitability for any purpose is expressed or implied. Bidders shall rely entirely on their own information, judgment and inspection of the property and records prior to the auction. No personal property will be conveyed. Please review the ENTIRE CONTENTS OF THE PROPERTY INFORMATION PACKET. Bidding signifies agreement to all disclosures contained therein. Bidding signifies you have READ AND AGREE with terms and conditions of the auction. INDEMNIFICATION Neither Seller nor Auctioneer shall be liable for any personal injury on the property location during any preview or inspection. Buyer assumes all risk and liability whatsoever resulting from the purchase of the properties sold hereunder, and shall defend, indemnify, and save harmless Seller and Auctioneer from any liability. COMPLAINTS Unresolved complaints may be reported to the Texas Department of Licensing and Regulation, P.O. Box 12157, Austin, Texas 78711. Auctioneer: Matthew C. Armstrong, TDLR # 17082. Chisum Realty & Auction is the broker of record, TREC # 9005615 AUCTIONEERS FOR THIS AUCTION ARE SELLING AGENTS ONLY AND MAKE NO REPRESENTATIONS CONCERNING THE PROPERTY WHATSOEVER. --------------------------------------------- ------------------------------------------ Terms Of Use

Seller User Terms

Bidder User Terms
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 10,000.00 250.00 USD
10,000.01 - 50,000.00 500.00 USD
50,000.01 - 9,999,999.99 1,000.00 USD
Currency USD
Buyer Premium 10% Buyers Premium
Payment Terms
Earnest money is due at the conclusion of the auction. Closing on or before November 15, 2019.