Terms:  The successful purchasers within 24 hours of the bid ending will be required to sign the seller’s real estate purchase agreement and make an earnest money deposit equal to fifteen percent (15%) of the contract price.  Sale will close within thirty (30) days after the date of auction at which time the purchaser will pay the balance of the purchase price.  A 10% buyer’s premium will be added to all purchases to arrive at a contract price.

The information contained on this page and all related materials are subject to the terms and conditions of the purchase agreement.  The property is being sold on an “as-is, where-is with all faults” basis.  The property will be sold for all cash.  Your complete inspection of the property and pertinent documents is recommended.  Announcements posted online in the terms and conditions of a specific auction take precedence over all printed materials, except for the fully executed purchase agreement and subsequent conveyance/closing documents.  

Conduct of the auction and increments of bidding are at the discretion of the auctioneer.  All properties will be sold subject to the sellers reserving the right of confirmation within ninety-six (96) hours.  Since the sellers are highly motivated to sell on the date of the sale, the announcement of acceptance of final bids could be synonymous with the time the online bidding closes.

Survey: All property must be surveyed prior to closing by a licensed Georgia registered surveyor.  The cost of the survey is to be paid by the purchaser.  The number of acres surveyed times the contract price per acre shall determine the final or actual purchase price to be paid at closing.  J. Durham and Associates, Inc., will have the final approval of the selected surveyor.

Representation disclosure: J. Durham and Associates, Inc., represents the seller in this transaction, not the purchaser, but does not have authority to make representations on behalf of the seller with respect to any matter.

Property size & dimensions:  All acreages and property line dimensions are subject to change.  They have been calculated for auction purposes only and are approximate and may be general in nature and are being sold subject to final survey.  They are not guaranteed by the seller of J. Durham and Associates, Inc.

Acceptance of condition of property:  The property, and the improvements thereon (if any), are being sold "as is - where is." Buyer acknowledges he has had ample opportunity to inspect the property and to have same inspected by his agents, and Buyer accepts the property in its present condition. Auctioneer/Broker and Seller have gathered information contained in promotional materials and online postings from sources deemed reliable but not guaranteed.  Buyer acknowledges that he has inspected property or has had the opportunity to do so and chose not to inspect the property. Buyer is relying solely on his own inspection and judgement. Further, all parties acknowledge and agree that the property is being sold "AS IS" with any and all faults.

After you register and receive your bidder number, if you are not a regular customer or known buyer, you will be required to make a $250.00 bid deposit before your bidder number will be activated.  Mail your bid deposit check, attention: Joe Durham, payable to J. Durham & Associates, Inc. 1216 Dawson Road, Suite 102, Albany, Ga 31707. Or, contact Joe Durham to remit the deposit via wire transfer. The winning bidder’s $250.00 deposit will be applied to the down payment. All other bidder’s deposits will be refunded within ten days after the auction closing date.

1. Our office will call you shortly after the end of the auction. At that time we will verify the name(s) to be entered on the contract as purchaser and on the deed.
2. Next, we will email you the completed contract package. The email will include directions for returning the signed documents and sending the earnest money deposit (wire, cashier’s check or cash)
3. All documents and earnest money must be returned within 24 hours
4. Upon receipt of these, our office will forward the contract package to the seller for signature.
5. After the seller has signed, we will send you a copy of the signed documents for your records. At the same time, copies of the documents and closing information will be forwarded to the closing attorney/title company.
6. Then the closing attorney/title company will contact you to schedule the closing for the property.
7. Prior to the closing, the attorney/title company will supply you with a copy of the preliminary hud settlement statement showing the accounting of the transaction and any remaining funds that you will need to bring to closing.