AUCTION GUIDLINES

All Tristar Advanced REA Auctions properties guidelines are as follows:

INITAL DEPOSIT TERMS

An original cashiers check will be required on the day of auction in order to register to bid, in the

amount of $_______________ Pertaining to:

All non willing deposits will be returned the same day.

Winning bid deposits are considered non-refundable upon the announcement of the winner of the property. 

ABSENTEE BIDDERS

Absentee Bidders Bidders who are not able to attend the auction, can have a friend, agent or relative attend the auction and bid on their behalf.

Alternatively the bidder may bid over the phone and have a TriStar Advanced Real Estate Advisor representative convey their bid*.

Please contact TriStar Advanced REA for more information and to download an absentee bidding form in the property details section. or email Auctions@AdvancedREAdvisors.com to request a form.

Completed forms must be returned via email to Auctions@AdvancedREAdvisors.com 24 hours prior to auction day for seller approval.

CLOSING BALANCE

Real Estate Closing Balance of the purchase price is due at closing which shall be on or before 30 days after auction date.

BUYERS PREMIUM 

Buyer Premium… No buyer premium is required to be paid by the buyer. What you bid is what you pay.

Real Estate Conditions … The property will be sold in “AS-IS” condition.

All information  disseminated was derived from sources believed to be correct but is not guaranteed.

All property dimensions are approximates only.

BUYERS DUE DILIGENCE

Buyers shall rely entirely on their own information, judgment and inspection of the property and records.

The buyer is to verify all information prior to the auction.

LIVE ANNOUNCEMENTS

All announcements made from the auction block will take precedence over any previously printed material or any other statements made.

BROKER & AUCTIONEER  FIDUCIARY DUTY

The Auctioneer & Broker represents the Seller in this Real Estate transaction.

CLEAR TITLE

The Seller shall provide a copy of prior Title Insurance Policy or a Title Insurance Commitment. Seller will deliver property at closing free and clear of liens and encumbrances.

CLOSING COST TERMS

Buyer will pay all closing costs. Seller to choose all services including title and escrow.

OFFERS

Offers may be submitted to Tristar Advanced REA Broker for seller consideration prior to the auction date.

Seller reserves the right to accept or reject any offer and may cancel the auction date upon acceptance of any offer with acceptable terms.

Please contact TriStar Advanced Real Estate Advisor regarding offers prior to auction.

BROKER PARTICIPATION

Buyers Broker Registration is required within 3 business days prior to auction.

PRIOR TO AUCTION DAY AND AFTER AUCTION DAY OFFERS

Seller will entertain offers from buyers up to 24 hours prior to auction day. All offers submitted prior to auction day are subject to the following terms:

FINANCING TERMS

Loan Approval - Buyer to have formal approval from a qualified TriStar Advanced REA approved lender.

Loan Contingency - NO loan contingency on a pre auction day offers, Seller has the right to entertain contingencies offers after the auction day. 

Buyers Own Lender - Buyer has the option to use any lender of their choice to close the transaction. 

Appraisal Contingencies - NO appraisal contingencies are accepted on all pre auction day offers. Seller has the right to entertain contingencies offers after the auction day.  

Seller has provided an current market appraisal from an qualified professional third party appraiser.

TriStar Advanced REA has prepared a detailed market analysis with all homes within a 5 mile radius for buyers due diligence.     

Buyer is advised to due their own market research prior to making any offers to purchase.

DEPOSIT TERMS

All deposits on any accepted offer will be subject to non-refundable under the terms of the purchase agreement and terms.

OFFER TERMS AND GUIDELINES

Counter Offers - Seller will not counter offer any offer presented from buyer or buyers broker. 

Verbal Offers - Seller will not entertain any verbal offers presented from buyer or buyers broker.

Multiple Offers - Seller will look at each offer presented first by time stamp. Seller will accept or reject each offer presented in real time. 

Re-Offers - Buyer has the right to make as many offers as they wish until Seller has accepted an offer from a buyer. 

BUYER REPRESENTATION GUIDELINES

Buyers Agent Representation  - Buy shall reserve the option to hire an agent of their choice to represent them and their offer. Seller is not responsible for buyer representation expenses and the buyer shall be responsible for agent costs. 

Buyer has the option to request representation with a TriStar Advanced Real Estate Advisor at a reduced fee subject to buyers choice of level of representation. 

OPEN HOME GUIDELINES AND TERMS

Live Open Home Previews - All auction property will be available to buyer preview on the set days and times listed in the property details section.

Lockboxes & schedules - NO homes shall have a lockbox or be available to showing other than the schedule days and times listed in the property details.

Additional Due Diligence - Buyer shall have the opportunity to request the property availability for additional due diligence once the buyer has registered with TriStar Advanced REA and has received the qualified lender approval letter. 

All additional due diligence must be completed no later than 3 days prior to auction day.  

Open Home Registration - Buyer shall register with TriStar Advanced REA before or at the live open home day prior to any access to the property.

Registration terms - Buyer Shall register at the home prior to access to the the which will include buyer representation agreement signed by buyer to be represented on all TriStar Advanced REA homes. Unless buyer has own representative with buyer at the property and viewing day.

Buyer is responsible for all buyer representation fees that may apply as per Government Law effective as of 09/01/2024

Buyer Broker Representation - Buyer shall have any agent or broker of choice represent them at the live open home event.

Said buyers representation agent must register with TriStar Advanced REA at the home prior to buyer and representative viewing home.