TERMS FOR YOU ONLINE BIDDERS

TERMS OF THE SALE:  A 10% (ten percent) buyer’s premium will be applied to your bid price to determine the gross sales price of the contract.    You must be pre-qualified in order to bid.  Be sure to follow the terms of the auction.  In order to bid you are required to provide a letter guaranteeing funds from your bank or financial institution.  You may email it to John@roebuckauctions.com.  Once you are approved by the Auctioneer, you may register to bid.  On certain properties, you will be required to send a deposit by wire transfer to the closing attorney’s Escrow Account at least 24 (twenty-four) hours prior to the auction.  For example, the deposit to bid on the apartments is $100,000 and the deposit to bid on each storage unit location is $50,000.  If you are not the winning bidder, your deposit will be returned within 72 (seventy-two) hours after the auction.  If you are the winning bidder, you are required to sign a sales contract and submit a 10% (ten percent) deposit of the gross sales price.  Your wire transfer will be applied to the deposit.