Purchase Real Estate

Georgia Auction | Auctioneer Service | GA Auctions | GA Auctioneer

Florida Auction | Auctioneer Service | FL Auctions | FL Auctioneer

Purchasing Real Estate at Auction is simple and uncomplicated.

Terms & Conditions

All Auctions have terms and conditions. All Bidders at our Real Estate Auctions are required to register with a valid Driver's license and/or state identification. The winning bidder of each auction is bound by the terms and conditions and is required to sign the Memorandum of Agreement/Contract of Sale after they are declared the winning bidder. If a bidder does not agree, understand the terms and conditions of the auction or agrees to be bound by all of the terms and conditions then they should not bid at the auction. All bids are subject to the approval of the Seller unless the auction is declared absolute. All the terms and conditions of auctions vary are read out loud and recorded at the auction and take precedence over anything published in an advertisement or on the website.

Real Estate Inspections

All properties are sold "AS-IS" which means the condition the property is in the day of the auction is the condition you are purchasing the property. Auction contracts are not contingent on any buyer or lending inspections. If you are interested in having a home inspection prior to auction please contact us to make arrangements. Most of our auctions are on-site. We do have some auctions where we auction multiple properties from one location. The Real Estate is made available for inspection and day of sale to prospective buyers who at their own risk and expense, including without limitation all dangers inherent, known, or unknown; and Sellers and True Blue Auctions, "Skip" Wayne A. Dreibelbis Jr. expressly disclaim any "invitee" relationship which could be construed and therefore any liability incurred by any person inspecting, viewing, or attending the auction of any property.

Good and Marketable Title

Our Sellers are responsible and assume liability to deliver a good and marketable title for all property sold at auction that will be free and clear of all liens and encumbrances. Auctioneers are an agent only for the Seller and assume no responsibility or liability for the real and/or personal property.

Financing A Real Estate Auction

If a buyer is planning on financing their Real Estate Auction purchase it is advised that they secure financing since auctions are never contingent on financing.

Real Estate Down Payment & Closing Date

When registering at the auction and bidding, the potential Buyer(s) is representing and warranting to the Seller and True Blue Auctions, "Skip" Wayne A. Dreibelbis Jr., his agents and/or contractors that the Buyer is accepting the Property in its current condition, including equipment , fixtures and appliances; is accepting the title per the title insurance commitment and is prepared to close with cash immediately.

The winning bidder is required to pay a down payment of either cash, certified funds or personal check at each auction. This amount varies each auction. The down payment is non-refundable. If for any reason Seller does not perform per the terms of the Contract, the sole remedy shall be the return of Buyer's down payment. The closing date is usually within 30 days and will be specifically stated at the auction in the terms and conditions.

Real Estate Closing

The Buyer is required to close within 30 days of the auction unless otherwise noted and can vary with each auction. This means that they Buyer will pay the balance of the purchase price including all associated costs and fee's.) Buyers pay for the closing costs and the current year's real estate taxes which are usually pro-rated through the day of closing. Buyers may have additional closing costs relating to any loan they secured, survey, plat or other fee's or inspections ordered prior to auction. Buyers in order to complete the closing must pay the Buyer's Premium and/or Buyer's Incentive to True Blue Auctions and/or "Skip" Wayne A. Dreibelbis Jr. This will vary with each auction. All closing costs and fee's associated with closing a Real Estate Auction transaction will vary with each auction.

Disputes

Both Buyer(s) and Seller(s) agree that no disputes shall arise as a result of an auction. If a buyer does not agree to this or any of the terms and conditions of the sale then they should not bid.

Hazard & Flood Insurance

Heavy rainstorms are experienced in most areas on occasion. There are areas where property has been damaged from overflow creeks, streams, rivers, and from run off water in areas where storm water drainage facilities were incapable of handling run off water fast enough to prevent flooding. Every potential Buyer should get the facts and be satisfied with the flood and water history and water risk attendant to the Property being sold prior to the auction. For more information on the nature of the water condition as it relates to the Property being sold, potential Buyers should contact any of the following:
1. The U.S. Corp of Engineers
2. City or County Engineers Office (in the city or county where the Property is located)
3. The Seller's Disclosure Declaration to determine how long he or she has owned the Property and if there have been any water problems
4. Neighbors who have lived adjacent to the Property for some time to determine if they have noticed any water problems. Buyers may also need to obtain Federal flood insurance, if required by a lender. Buyers should be aware that flood insurance may also be purchased on personal property (carpets, drapes, furniture, etc.) and should seek advice from an insurance agent. Potential buyers may have the Property inspected by an insurance agent, such as State Farm or others; research insurance claims histories via services like Comprehensive Loss Underwriting Exchange and obtain a commitment for hazard as well as flood insurance covering the Property prior to bidding. All explanations, representations, and disclosures concerning the terms, conditions and provisions of a commitment for insurance coverage and/or an insurance policy are the responsibility of the Buyer's insurance agent and not of the Seller or True Blue Auctions, (Skip) Wayne A. Dreibelbis Jr.

Hazards with Environment

Buyers should fully investigate any possible environmental hazards, including asbestos, lead based paint, radon gas, mold or any other toxic materials, prior to attending the auction. For further information Buyer should contact the City, County and State Health Departments where the Property is located, as well as the offices of the federal Environmental Protection Agency. The EPA's information on Indoor Air Quality and the Department of Health and Human Services information on Disease Control .

Dimensions, Easements, Lot Lines

If a Buyer has any questions or material needs regarding exactly where lot lines, tract boundaries, or any easements are located, as well as the dimensions of land and/or buildings, the Buyer may choose to have a staked survey made by a licensed surveyor prior to bidding at Buyer's expense. Buyer may request that the survey show the location of utility easements and driveways, proximity of buildings to lot lines, and the dimensions of improvements. Any survey or plat provided by the Seller or True Blue Auctions, "Skip" Wayne A. Dreibelbis Jr. may include fees to be charged to the Buyer, but is provided for general information purposes only and is not warranted as accurate or in any other way meeting Buyer's material needs.

Bidder Broker/Agent/Realtor Relationships

The Buyer's Agent acts solely on behalf of the Buyer. Buyer's Agents do not represent the Seller. The Buyer may be legally responsible for the words and actions of the Buyer's Agent (and his or her sales associates). A Buyer's Agent must disclose to the Buyer information provided to him or her by the Seller, or the Seller's agents, including Seller's motivation, previous results of negotiation with other Buyers, and minimum price the Seller will take to negotiate the best price, terms, and least costs for the Buyer. The above duties of the agent in a real estate transaction do not relieve a Seller or a Buyer from the responsibility to protect their own interests. Buyers and Sellers should carefully read all agreements to assure that they adequately express their understanding of the transaction. A real estate agent is a person qualified to advise about real estate in general only. If tax, legal, or other more specific advice is desired, Buyers and Sellers should consult a competent professional. TRUE BLUE AUCTIONS, "SKIP" WAYNE A. DREIBELBIS JR., REPRESENTS THE SELLERS ONLY AND EXPRESSLY DECLINES ANY OFFERS OF SUBAGENCY.

Disclaimer

True Blue Auctions, (Skip) Wayne A. Dreibelbis Jr., nor any of our contractors are experts regarding any Real Property offered, including without limitation the following:
1. The value, nature, quality or condition of the real property, including without limitation, the water, soil, geology.
2. The income to be derived from the real property.
3. The suitability of the real property for any and all activities and uses which buyer may conduct thereon .
4. The compliance of or by the real property or its operation with any laws, rules, ordinances or regulations of any applicable governmental authority or body.
5. The insurability, habitability, merchantability, marketability, profitability or fitness for a particular purpose of the real property.
6. The manner or quality of the construction or materials, if any, incorporated into the real property.
7. The manner, quality, state of repair or lack of repair of the real property.
8. The flood or water damage history of the property, or (i) any other matter with respect to the real property. BUYER IS THEREFORE STRONGLY ADVISED TO SEEK FROM INDEPENDENT SOURCES OF BUYER'S CHOOSING EXPERT ADVICE AND/OR INSPECTIONS, INCLUDING LEGAL ADVICE, TO BUYER'S COMPLETE SATISFACTION CONCERNING ANY PROPERTY AND THE TERMS OF SALE PRIOR TO THE AUCTION. Every potential Buyer should satisfy him/herself regarding all possible defects, if any, that might have been caused to structures or improvements to the Property as the result of soil movement, water conditions, settlement, storm damage, fire, or any other possible causes. Inspections every potential Buyer should obtain prior to an auction include, but are not limited to, those concerning structure and soils (from an architect or professional engineer), roof (including structural members, decking and shingles, fire history), plumbing (including well, sewer lines, septic system), heating/cooling systems (including duct system), electrical systems, built-in appliances, security system, pool/spa, appraiser valuations, surveyor information, flood and hazard insurance availability and costs, and a HUD approved infestation (termite) report. All such inspections should be conducted by a qualified and experienced expert of Buyer's choosing and each potential Buyer is advised to accompany the inspector(s) during the inspection(s). Potential Buyers should not rely on Seller, True Blue Auctions and/or (Skip) Wayne A. Dreibelbis Jr., their auctioneer(s), contractors, a friend, or him/herself to make these or any other inspections. The costs of all inspections, including all liability attendant thereto, are the potential Buyer's sole responsibility. To locate experienced and qualified inspectors, potential Buyers should consult the Yellow Pages of the Telephone book under the various headings listed herein, and verify appropriate licenses and all references given. If Buyer asks and is given recommendations, by True Blue Auctions, (Skip) Wayne A. Dreibelbis Jr. or any other person, Buyer should be sure to receive the names of at least three inspectors for each such inspection to select from. These may be provided by an attorney, lender, or other informed sources. If a potential Buyer has any objection to the Property based on any defects or information disclosed or learned about the Property per the recommended inspections herein, he/she should not bid. INFORMATION AS MIGHT OTHERWISE BE PROVIDED IS FROM SOURCES DEEMED RELIABLE, BUT NO WARRANTY OR REPRESENTATION IS MADE AS TO ITS ACCURACY. TRUE BLUE AUCTIONS, "SKIP" WAYNE A. DREIBELBIS JR., HIS AUCTIONEERS & CONTRACTORS AND THE SELLERS EXPRESSLY DISCLAIM ANY LIABILITY FOR ERRORS, OMISSIONS OR CHANGES REGARDING ANY INFORMATION PROVIDED. POTENTIAL PURCHASERS ARE STRONGLY URGED TO RELY SOLELY UPON THEIR OWN INSPECTIONS AND OPINIONS IN PREPARING TO PURCHASE ANY PROPERTY AND ARE EXPRESSLY ADVISED NOT TO RELY ON ANY REPRESENTATION MADE BY THE SELLERS OR THEIR AGENTS. PROPERTIES MAY BE ADDED OR DELETED AT THE DISCRETION OF TRUE BLUE AUCTIONS, (SKIP) WAYNE A. DREIBELBIS JR. AND ARE SOLD WITH RESERVE UNLESS OTHERWISE INDICATED.

If you have any questions about auctions please feel free to Contact Us anytime.