Property Inspection

All properties are sold on an “AS/IS, WHERE/IS” basis with all faults, and no warranty or representation, either expressed or implied, concerning the property is made by the seller or the Auction Company. Each potential bidder is responsible for conducting, at their own risk, their own independent inspection. Please refer to specific property information for inspection dates and times.

 Property information is included on our website. This information is not guaranteed or warranted by the seller or any of its agents. It is the responsibility of potential Buyers to evaluate properties for themselves and make their own determinations. This includes, but is not limited to, location of boundary lines, condition of electrical, plumbing, furnace, appliances, doors, windows, insulation, etc.. Wellson Group recommends visually inspecting properties prior to submitting a bid.

GPS Coordinates

Auction Procedures

 
ABSOLUTE

All properties advertised “no minimum” will be subject to acceptance or rejection by the seller. The bidding for each property closes in 10 minute intervals from each other. If you are not the successful bidder on one property, you will have time bid on another property before that property closes. Keep in mind that the seller reserves the right to reject offers that are too far below market value.

For all properties advertised “published reserve”, the seller must accept the highest bid at or above the published reserve price. For bids received below the “published reserve”, the seller can accept, Reject, or counter back to any offer.

MULTIPLE NO MINIMUM AND PUBLISHED RESERVE PROPERTIES

In the event that a Bidder is high bidder on MULTIPLE “NO MINIMUM” AND “PUBLISHED RESERVED” PROPERTIES, they shall be obligated to purchase ALL of the respective properties.

All successful bidders will be required to enter into a purchase agreement and pay $1000 earnest money within 2 days of the close of the auction. Earnest money will be held in Wellson Group Inc. non interest bearing “trust account”.

1. To bid on our property, you must be of legal age to enter into contract to purchase real estate (18 in most states, 21 in others). If you’re in doubt about the legal age to enter into contract in your state, please consult with competent legal counsel before bidding.
2. While auction is “active”, all bids MUST be placed online. Written offers will not be accepted.
3. Winning Bid is subject to seller approval.
4. All bids are placed in US Dollars.
5. If you are outbid by another bidder, you will receive an email notice so you can return and increase your bid if you so desire.
6. The bidding will be open and everyone will have access to the bid history during the auction.
7. As the auction nears the ending time it will auto-extend until bidding is silent for (3) three Minutes.
8. If there is more than one high bid at the same level (a tying bid), the bid first submitted will be honored.
9. The high bidder will be notified via email after the auction ends.
10. Seller will include the following personal property in the closing: None
11. Seller will exclude the following personal property in the closing: None

Title Insurance