Auction Terms & Conditions
||10 Merton Street, Somerset,
||10/16/2018 at 10:00 AM
The following terms are believed to be standard in the auction industry.
Terms of sale for each individual auction will vary and the documents signed
by the successful bidder at any auction shall supercede and take precedence
over all other information including, but not limited to, the terms stated below.
- All prospective Buyers are required to register
in order to Bid and to obtain a Bid Number.
- The Property Auction sale is not contingent
on the Buyer obtaining financing, nor conditional
upon inspection, and will not be extended for any
- If you are a successful bidder, a non-refundable
deposit of $5,000 will be due and payable at the
conclusion of the Auction in the form of certified
check, money order, or bank draft. The money will
be held in a non-interest bearing account. At the
end of the Auction, the successful Bidder will immediately
enter into a Real Estate Purchase Contract, and
be bound to the Terms & Conditions as set forth
in the Purchase Contract. Bidders who subsequently
fail to close the sale for any and all reasons will
be required to release their entire deposit to the
Seller as liquidated damages.
- All Property(s) is being sold "AS IS" condition.
Bidders are encouraged to review all Property details,
zoning restrictions, compliance certificate, inspection
reports, and any other information prior to attending
- All sales are final.
- The Auction sale will begin promptly at the
Property location at the appointed date and time,
unless a condition prevents such a sale to take
place, in which case the Auctioneer will make a
decision on where and when.
- Descriptions made by the Auction Company are
made as accurately as possible in its website and
advertisements, and are provided for information
purposes only and should be verified by the Bidder.
The Auction Company, the Designated Brokers, Seller
or their Agents cannot be held liable for any errors
or omissions whatsoever.
- The Auction Company reserves the right to deny
any person admittance to, or expel any person from
the Auction premises, or to withdraw any or all
Property(s), or to change the Terms & Conditions,
or to reopen bidding on the Property, or may designate
one of the Bidders as the successful Bidder, at
any time prior to or during the course of the Auction,
without just cause.
- Bidders acknowledge that they are on the Sale
site at their own risk. No person shall have any
claims against the Auction Company, its staff and
representatives, including its Agents for any injuries
sustained or for any damages to or loss of property
which may occur.
- In the case of dispute, the Auctioneer's decision
shall be final.
If you agree with the terms and conditions, complete the form and click "Pre-Register for Auction".
Note: Registered users can track their registrations on the My Registrations page.
By submitting this form, you as a successful Bidder agree
to the Terms & Conditions as stated by the Auction Company.
Any other Terms & Conditions announced on the Auction Day
would take precedence over printed matter or statements
made previously. I HAVE READ, APPROVED and RECEIVED A COPY
OF THESE TERMS & CONDITIONS, and ACKNOWLEDGE THAT THE INFORMATION
IN MY REGISTRATION PROFILE IS ACCURATE AND TRUE
McLaughlin & Co. LLC
Office: (617) 646-1019
Fax: (617) 646-1290