REAL ESTATE AUCTION TERMS & CONDITIONS
10% BUYER’S PREMIUM
A 10% Buyer’s Premium will be added to the final high bid to determine the total contract purchase price.
All sales are final. The successful bidder shall enter into a legally binding Purchase Agreement by Friday 5pm June 5th. In addition to a $5,000 earnest money deposit.
ONLINE BIDDING TERMS
This auction utilizes a staggered closing and auto-extend feature. If a bid is placed within the final two (2) minutes of bidding on any property, the bidding period for that property may automatically extend an additional two (2) minutes.
If multiple properties are offered in this auction, Christy’s of Indiana reserves the right to extend all properties simultaneously if bidding activity continues on any individual property. Christy’s of Indiana also reserves the right to adjust bidding increments, extension times, or ending times as necessary to facilitate the auction process.
PURCHASE CONTRACT & DEPOSIT
Successful bidders will receive a Purchase Agreement, and any applicable property documents via email. These documents must be fully executed and returned no later than June 5th 5pm
A non-refundable earnest money deposit of $5,000 shall be due no later than June 5th 5pm via wire transfer, certified funds, or approved check.
Failure to execute required documents or submit the earnest money deposit within the required timeframe shall constitute default.
DEFAULT
If a successful bidder fails to comply with the terms and conditions of the auction, including execution of the Purchase Agreement and submission of earnest money, the bidder authorizes Christy’s of Indiana to charge a $2,500 Auction Administrative Fee to the credit card used during registration.
Seller and Christy’s of Indiana reserve all rights and remedies available under Indiana law, including the right to pursue additional damages for breach or default.
PROPERTY INFORMATION & DUE DILIGENCE
All properties are selling “AS-IS, WHERE-IS” with no warranties or guarantees expressed or implied.
Buyers are responsible for conducting their own inspections, investigations, and due diligence prior to bidding, including but not limited to zoning, financing, condition, square footage, acreage, taxes, utility availability, and intended use.
All information provided is believed to be accurate but is not guaranteed.
FINANCING AND PROOF OF FUNDS
Financing is permitted; however, bidders are strongly encouraged to obtain full underwriting approval prior to bidding. Pre-qualification letters alone may not satisfy bidder approval requirements.
Christy’s of Indiana reserves the right to require proof of funds or lender approval documentation prior to approving any bidder to participate.
CLOSING
Closing shall occur on or before July 10th 2026, unless otherwise agreed in writing by all parties.
Seller shall provide marketable title by General Warranty Deed free and clear of all liens and encumbrances, except easements, restrictions, and conditions of record.
Real estate taxes for 2026 shall be prorated to the date of closing. Any delinquent taxes, penalties, or rollback taxes, if applicable, shall be paid by the seller.
Seller will pay title, and closing cost
ONLINE BIDDING DISCLAIMER
Christy’s of Indiana is providing internet bidding as a service to bidders and shall not be held responsible for missed bids due to technical difficulties, internet outages, or platform malfunctions.
RESERVE AUCTION / OWNER CONFIRMATION
This auction is conducted with reserve and is subject to seller confirmation unless otherwise stated.
Seller reserves the right to accept or reject the final high bid.
