PRIOR TO THE AUCTION:
You will want to arrive early to allow time for a final inspection of the property. To register for a bid number, you will be required to sign a bid certification. The certification, among other things, states that you have had ample opportunity to inspect the property, you understand that the property is sold ''as is" and you have sufficient funds to meet the required deposits. A member of the auction staff will assist you with registering and supplying you with a bid number.
STARTING THE AUCTION:
The auctioneer will go over all the terms, conditions, and rules of the auction. The auctioneer will describe the property to be auctioned.
THE MAIN EVENT:
The auctioneer will begin the bidding. When the bidding begins to slow down, the auctioneer will call a two minute time-out. This gives the auctioneer time to talk with the sellers, and/or with the buyers, and answer any last minute questions, etc. Bidding will then resume and continue until the property is declared "sold". At most real estate auctions, the auctioneer goes relatively slow allowing time for bidders to ask questions.
All Fuchs auctions are audio-taped to protect all participants. The tapes are also available for a small fee by calling the Fuchs office.
AFTER THE AUCTION:
The successful bidder (buyer) and seller will sign the purchase offer. The buyer will then pay his first deposit with the second deposit due within 72 hours as outlined in the terms.
TERMS AND CONDITIONS:
All balances are due at closing in about 60 days. Ten percent buyer's premium will be added to the final bid and included in the purchase price to be paid by the buyer at closing. Property sold in ''as is" condition with transfer by Warranty Deed. Absentee phone bids accepted, broker participation invited and trades taken. Call for details.