Kendall Terry ~ Auctioneer
374 S Roosevelt Rd. P. Portales, New Mexico 88130
Appraisals * Auctions * Liquidations * Real Estate
**Buyer Broker Participation - Up to 3% commission will be paid to any properly licensed buyers Broker who registers a successful buyer according to the Broker Participation Guidelines. Broker must register and complete broker registration form 48 hours prior to the auction sale date.
Terms - A ten-percent (10%) down payment will be due immediately after being declared the buyer. The balance due in cash at closing within 30 days.
Closing - The remainder of the purchase price is payable in cash at closing. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING be sure you have arranged financing, if needed, and are capable of paying cash at closing. Seller shall provide an Owner’s Policy of Title Insurance in the amount of the purchase price. Seller shall provide survey if needed and be sufficient for providing title insurance.
Acceptance of Bid Price - All successful bidders will sign a purchase agreement at the auction. Auctioned Real Estate Property is subject to the owner’s acceptance or rejection within 30 minutes of final and last bid.
Real Estate Taxes - The 2007 Property Taxes will be prorated to the date of closing.
Mineral Rights - The Seller shall include all mineral rights owned by Seller, if any.
ALL STAR AUCTION COMPANY LLC || 374 S Roosevelt Rd. P. || Portales, New Mexico 88130 || 575 760-5980