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Bidding Information

Auction Terms: By participating in the auction, bidders agree to abide by the terms and conditions set forth by the auction website.

Bidder Registration: Bidders must register and provide accurate information to participate in the auction. Any false or misleading information may result in disqualification.

Agency – Tru North Auctions is Representing the Seller.

Bidding is open to public without regard to bidders sex, race, color, religion or national origin.

Reserve Price: Some auctions may have a reserve price, which is the minimum price that must be met for the property to be sold.

Bid Increments: Bidders should be aware of the minimum bid increment, which is the minimum amount by which a bid must be increased.

Bidding Errors: Bidders are responsible for any errors made during the bidding process. Double-check your bids before submitting.

Winning Bid: The highest bidder at the close of the auction will be considered the winner, subject to any applicable reserve price.

Stay engaged: If someone outbids you, you’ll have the chance to place a higher bid until the auction ends.

Remember, it’s important to read and understand the auction terms and conditions before participating. Happy bidding!”

Winning the Bid! Right after the auction concludes, the winning bidder will jump right into the next steps. They’ll enter into a written purchase agreement, along with any necessary addendums, and they’ll be asked to provide an earnest money deposit. This deposit shows their commitment to the purchase and helps facilitate the transaction.

Earnest money: shall be equal to 10% of Purchase Price and is NON-REFUNDABLE. Earnest Money is to be made payable to Tru North Realty Inc dba Tru North Auctions Inc.

Payment and Closing: The winning bidder will be required to complete the payment within a specified timeframe and adhere to the closing terms and conditions.

Sold As-Is
The property is being sold ‘as is,’ which means it’s being sold in its current condition without any warranties or guarantees. Additionally, buyers agree to hold the seller and Tru North Auctions harmless, which means they won’t hold them responsible for any issues related to zoning, misrepresentation, or damages that may arise after the sale. It’s important for buyers to thoroughly inspect the property and do their due diligence before participating in the auction. If you have any further questions or concerns, don’t hesitate to reach out. We’re here to help!”

If the buyer fails to purchase, there will be a forfeiture of the earnest money. This means that the buyer loses their earnest money deposit as a sign of their commitment to the purchase. It’s important for buyers to carefully review the terms and conditions to understand the potential consequences. If you have any specific concerns or questions about the forfeiture of earnest money, feel free to let me know.

All bidders are indeed required to provide identification in accordance with OFAC guidelines. It’s an important measure to ensure compliance with regulations and prevent any potential involvement with sanctioned parties. By verifying the identity of bidders, it helps maintain a secure and transparent auction process.

Information is Deemed Reliable but Not Guaranteed
While all the information provided is believed to be reliable, it’s important to note that it’s not guaranteed. This means that there may be a possibility of unforeseen changes or circumstances that could affect the reliability of the information. It’s always a good idea to do your own research and due diligence to ensure that you have the most accurate and up-to-date information. All sizes, dimensions, drawings are approximate.

Measurements are based on data recording at the County Assessor, in the event the Buyer would like exact measurements the costs of a certified survey would be at the Buyers expense.

Terms and Conditions
By agreeing to the terms above Buyers are in agreement to these terms and conditions. It is important to read through the sample purchase agreement to understand all of the details fully. This helps ensure a smooth buying process. In the event a Winning Bidder fails to furnish an earnest money deposit and execute the purchase agreement in a timely fashion the Buyer will be charged an Administrative Fee of $500. Administrative fees are non-refundable.

Environmental Disclaimer
All properties are sold as-is. Bidders are responsible for their own investigations of any contaminants, pollutants, hazardous wastes substances. Tru North Realty dba Tru North Auctions is not liable for any misrepresentation.

Technology Issues
In the event of Software failure, neither party can hold the other responsible for any issues caused by software failure. The Seller retains the right to cancel any sale due to these issues at any time and will have the ability to resell the property in the event an unforeseen issue arises.

Acknowledgement and Acceptance
When creating an account, all Bidders confirm receipt and accept the terms and conditions set forth above.