The following are Terms and Conditions of the Auction.  Please review and if there is any item that you do not understand, please call us at 256.353.7525 or see one of our auction staff members at the auction!

Bidding:

All bidding is open to the public.  Everyone must register for a bidder number.  Bidder registration will begin one hour prior to auction.  Each Bidder will be required to present $50,000 in Certified Funds made payable to yourself or Amerisouth Auction Trust Account.  The balance of the down payment will be accepted in the form of cash, personal or business check, or certified funds. 

Amerisouth Auction, Inc. is acting exclusively for the Seller as Auctioneer and Broker. 

Deposits:

At the conclusion of the auction, the high bidder will make a down payment equal to 15% of the Contract Sales Price, your certified funds will be part of your down payment.  The contract form is in your Auction Information Package for you to review beforehand. The sale is not contingent upon financing or any other contingencies.  Upon acceptance by Sellers the deposit is non-refundable.

Closing:

Balance of purchase price due at closing by Sellers' appointed closing agent within 30 days after the auction.  Seller will prepare a warranty deed.  All other closing costs will be the Purchaser's expense.  Taxes will be prorated from date of closing.

Conditions:

A 10% Buyer's Premium will be added to the final bid price and included in the Total Purchase Price. 

All property to be sold "As Is, Where Is", with any and all faults and no implied warranties by Seller or Auctioneer.  The information included herein is a summary of information available from a variety of sources including the Seller, most of which have not been independently verified.  This summary has been provided for the use of the prospective bidders at public auction.  All information and opinions are supplied herein without warranties or representations; either expressed of implied whatsoever from Amerisouth Auction, Inc., the Sellers, or any of their respective representatives, agents, of employees.  Buyers shall rely on their own information, judgment and inspection of the property, records and documents. 

All announcements from the auction block will take precedence over any previously printed material or any other oral statements made.  Conduct of the auction and increments of bidding are at the direction of the Auctioneer.  The selling price of each property shall be determined by competitive bidding at the auction. 

No property will be sold with contingencies in the contract(s) including any financing contingency.

Owner Confirmation:

The property is being sold with Owner Confirmation. 

Pre-Auction Sale:

Property is subject to be sold before auction.

From Huntsville: 

At intersection of I-565 and Memorial Parkway (Hwy 231), go south on Memorial Parkway for 2 miles.  Take the Drake Ave. exit.  Continue on the access road (parallel with Memorial Parkway).  Cross Drake Ave. to property on right.  Watch for Amerisouth Auctions signs!