Auction Terms & Conditions READ CAREFULLY BEFORE BIDDING. ONCE YOU BID, YOU WILL BE BOUND LEGALLY BY THE FOLLOWING TERMS AND CONDITIONS.
This auction is conducted by SPR Auctions (Auctioneer) on behalf of the owners of the property, referred to as the Seller.
ACCEPTANCE: All persons participating in this auction agree to and accept these terms and conditions unequivocally and without exception. All items are sold AS IS, WHERE IS with NO warranties implied or expressed. All SALES ARE FINAL. No allowance, refund or set aside will be made on account of any error in item description, cataloging, imperfection, authenticity, condition, defect or damage. Any descriptions or representations are for identification purposes ONLY and are NOT to be construed as a warranty or statement of value of any type. It is the bidder's responsibility to determine the condition, value, authenticity and all other factors of each item they bid on and to bid based solely upon that judgment. By participating in this auction you agree that SPR Auctions, nor its employees or affiliates will be held responsible for any errors in descriptions or any failure to execute a bid on behalf of any participant(s) for any reason what-so-ever.
OBTAINING A USER NAME & PASSWORD: Click LOGIN/NEW BIDDER on our online auction page and follow the instructions. If you need assistance feel free to contact SPR Auctions at 888-708-2877.
REGISTRATION: Bidder must be 18 years of age or older and provide valid credit card information prior to registration. All bidders are required to register in order to bid. Bidder must submit current, complete, and accurate information for approval to be obtained. Auctioneer does not sell or rent this information. Auctioneer uses the provided email to notify customers about upcoming online and live auctions, customers who do not wish to be notified should contact the office of the Auctioneer and request removal from the email list. Bidder is responsible for security of his/her bidding number/user name and password, and any and all bids placed under the assigned number/ID. Auctioneer should be notified immediately if Bidder believes number and/or password have been compromised. Auctioneer, at Auctioneer's sole discretion and for any reason reserves the right to terminate registration, deny any person permission or access to bid, to reject any and all bids, and to suspend or ban Bidder from bidding. Bidder registration is not transferable or assignable. Bidder will be required to accept these Terms & Conditions prior to registering.
BID DEPOSIT: Persons wishing to participate in the bidding process for this sale are required to register online and submit a $2,500 bid deposit. To complete the registration process, download the Bid Deposit Form available on the auction listing details page at SPRauctions.com. Mail completed bid deposit form along with a cashier's check in the required amount made payable to SPR Auctions at 1014 FM 3351 Boerne, Texas 78006. Once the deposit is received, the bidder will be sent an email notification confirming their approval to bid. The bid deposit for this auction is due no later than 5:00 p.m. on the last business day before the auction end date. The successful bidder's deposit will be retained as the initial payment for the property. Cashier's checks payable to the bidder's name WILL NOT be accepted. Deposit checks for unsuccessfully bidders will be sent out for return by standard mail on the 5th business day following the end of auction.
BIDDING: Once you are registered and have your User Name & Password, you may place bids as soon as a lot opens for bidding. Read the descriptions of each lot and view photographs carefully. Your bids are FINAL and constitute a binding contract.
BUYER'S PREMIUM: There is no buyer’s premium for this sale.
RESERVES: All items are with reserve unless stated otherwise. SPR Auctions reserves the right to establish a stated minimum bid, minimum acceptable sale price, reject or accept any or all bids and the right to withdraw items from auction at any time.
SOFT CLOSING: Each auction item is scheduled to end at a specific time, however all Online auctions performed by SPR Auctions use a "Soft Close" feature. During SOFT CLOSING bidding will remain open on any item that receives a bid within the last 2 minutes prior to the scheduled closing time. Time extensions are added in 2 minute intervals to the original auction closing time and to each extension's closing time when a bid is placed during that 2 minute extension. For example: An item is scheduled to close at 11:00am, and a bid is placed between 10:58am and 11:00am, the closing time will be extended by 2 minutes until 11:02am. If a bid is once again placed within the closing 2 minute interval, the time will extend until 11:04am and so on. Once a 2 minute interval has passed without any bids, the auction for the item will close and the lot will show as COMPLETED. Remember to click the "Refresh" button on your web browser frequently before the item closes and during any extension periods. Your screen may not "auto-refresh" and you may not see bids placed after yours if you don't manually refresh.
**REAL ESTATE **
CLOSING: Closing will be held within 45 calendar days of the date a sales contract is approved by the Seller thereby accepting the Buyer's offer. Closing costs may include without limitation transfer taxes, document fees, recording fees and escrow fees paid by the Buyer and Seller in accordance with the customs of the county in which the property is located. Title insurance, if desired will be at the expense of the Buyer.
PAYMENT TERMS: The buyer will be responsible for funding payment in the amount shown on the final closing documents. Only certified bank check or wire transfer will be accepted. Seller financing is not available. The buyer is responsible for obtaining his or her own financing if required. Bidders are strongly urged to secure financing prior to bidding. Failure to obtain financing during the closing process does not relieve the buyer of the legal responsibility or obligation for completion of purchase. Failure of specific performance on the real estate contract will result in termination of the contract and result in the forfeiture of any earnest money /deposit funds.
SELLER RESERVE: The Seller reserves the right to reject any or all bids. Seller will review final bids within 5 days following the end of auction to determine the award of any potential purchase contract. The Seller reserves the right to reject any or all bids at any time prior to the execution of any sales contract.
INSPECTION: Bidders are invited, urged and cautioned to inspect the property prior to bidding. Failure to inspect property shall not constitute cause for cancellation of sale. Property will be available for inspection at the times specified by SPR Auctions. Absolutely no access to property is allowed without prior authorization. Bidders’ at their own expense may have property inspectors examine the property during the regularly scheduled inspection period. Please note that due to the property being occupied, bidders or inspectors will ONLY be able to access the exterior and common/ mechanical areas.
DISCLAIMER OF LIABILITY FOR SERVICE INTERRUPTION: The bidder acknowledges and accepts that SPR Auctions does not guarantee continuous, uninterrupted service or secure access to our website. Operation of our website may be interrupted, interfered with or adversely affected by numerous factors or circumstances outside of our control. Neither SPR Auctions nor any of its sellers, agents, or any provider or third-party vendor will be liable for nor have any responsibility for any loss or damage incurred in the event of any failure or interruption of the website or internet bidding, or from any other cause regarding access to or inability to access the site or its materials, or to place bids whatever the perceived cause. In the event of service interruption during the course of internet auctions, SPR Auctions and its sellers reserve the right to terminate the interrupted auctions and declare all bids in those auctions null and void, to allow auctions to continue to run after an interruption, to relist and restart affected auctions at the original starting bid or the high bid at the time of the interruption, to restart all auctions containing any lots of merchandise affected by an interruption or to take any other action deemed necessary. The auctioneer's decision, with Seller's consent, shall be final without recourse or liability.
SPR Auctions is licensed and regulated by the Texas Department of Licensing and Regulation. Texas License #17318
Seller User Terms
Bidder User Terms