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How to use or fill out AUCTION REAL ESTATE PURCHASE AGREEMENT (This is a legally binding contract)
- Click ‘Get Form’ to open it in the editor.
- Begin by filling in the 'Parties to Agreement' section with the names of the Seller and Auctioneer. Ensure that you have the authority to execute this agreement.
- In the 'Term of Agreement' section, specify the start and end dates of the agreement.
- Provide a detailed description of the property in the 'Right to Sell – Property Description - Terms' section, including any known encumbrances.
- Select your preferred auction method in the 'Type of Auction Method' section by checking all applicable boxes.
- Indicate whether you grant Auctioneer authority to charge a Buyer’s Premium and specify its amount if applicable.
- Complete sections regarding financing terms, possession, title, cancellation policies, and earnest money as required.
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