Terms & Conditions:

THIS IS AN INTERNET ONLY AUCTION

Deposit: The winning bidder is required to bring a deposit of $5000 to our office and execute

a purchase agreement the next business day following the conclusion of the auction. Deposit must

be in the form of wire transfer, cashier’s check, personal check with bank letter of guarantee or

cash made out to First American Title.

Buyer’s Premium: A 8% buyer's premium will be added to the final bid. If you bid $10,000.00

the total sale price will be $10,800.00.

Possession: Closing will take place no more than 30 days from day of auction. The seller at

closing will convey good and marketable title. Buyer & Seller will be responsible for

customary closing costs issued by the title company.

Initial_______________

Easements: The sale of this property is subject to any and all easements of record.

Real Estate Taxes: Real Estate taxes shall be prorated to date of possession.

Purchase Agreement: The successful bidder shall execute a purchase agreement the following

business day after being declared the winning bidder by the auctioneer. Please Note: The

purchase agreement will offer no contingencies, with occasional exception of convention financing, dependent on seller.

Terms: The property is being sold “AS IS, WHERE IS” without warranty or guarantee of any

kind. Each potential buyer is encouraged to perform his/her own independent inspections,

investigations, inquiries and due diligence concerning the described property.

Agency Disclosure: Derek Espeer is the selling agent and all parties employed by or

associated with Derek Espeer, ASPIRE Real Estate Group, or ASPIRE Auctions KC represent the Seller in this transaction.

Financing: Terms for this auction are __________ (cash, conventional).

Broker Participation: ASPIRE Auction encourages Broker/Agent participation. To

qualify for a three percent (3%) Buyers Agent Commission, all Agents must register their client

24 hours prior to the auction. We will teach you and your buyer about the auction process.

Backup Bids: In the rare event that the winning bidder is unable to close on this transaction, we

do accept backup bids. If you are not the winning bidder and would like to make a backup bid, please call our office for the necessary paper work.

Warranty and Condition of Items Sold: All items are sold 'AS IS, WHERE IS, with NO

WARRANTY expressed or implied. It is the responsibility of the buyer to determine the

condition of the items and bid accordingly. Descriptions are believed to be accurate

but not guaranteed. When you are not certain of the condition or use of an item, please bid

accordingly.