In order to become a Qualified Bidder for the Featured Property, please complete the "Bidder Registration Form" for the property.
Click on the corresponding link to the left, print the form and return fax to Advani Realty at (619) 255-7693or email to cwarren@advanirealty.com
If you have questions concerning registration please contact us directly.
2. The auction sale is not contingent upon Bidder qualifying for financing. Therefore, if the Bidder intends to secure financing, bidder is responsible for making sure that they can qualify for financing in an amount sufficient to complete the purchase.
3. A buyer’s premium, in the amount of Seven and one-half Percent [7.5%] of the High Bid, shall be added to the Purchaser’s High Bid and included in the total purchase price of the Property (“Purchase Price”) to be paid by the Purchaser. The premium is not a real estate broker commission and the payment of the buyer’s premium does not in any way create an agency relationship between Purchaser and Advani Real Estate Group, Bill Menish Auctioneers Inc.; Advani Real Estate Group and Bill Menish Auctioneers Inc does not represent Purchaser as a real estate broker or salesperson or in any other manner unless agreed upon by separate written agreement. For example, assume a 10% buyer premium and assume that $1,000,000 is the High Bid. The buyer’s premium will be $100,000 and the purchase price will be $1,100,000 ($1,000,000 + $100,000 = ($1,100,000).
4. The Property is being sold “as-is, where is” with no representations or warranties by Seller, Auctioneer or their agents, either expressed or implied with regard to the Property’s size, shape, age, zoning, allowable uses, soil type or quality, code compliance, physical condition, construction fitness or habitability. Auctioneer has completed a visual inspection of the Property only and noted the results of the visual inspection on the TDS. Auctioneer makes no representations as to the accuracy of the any of the Seller’s statements on the TDS or any information provided to Qualified Bidders or their agents by third parties or Seller. The Seller’s “as-is” language, with a release and Civil Code Section 1542 waiver, is provided in the Purchase Agreement. Seller, Auctioneer and their agents shall not be liable for any relief, including damages, rescission, reformation, allowance or adjustment based on the failure of the Property to be free of defects or failure of the Property to conform to any specific standard or expectation.
5. Bidders are to complete all property inspections prior to bidding at auction.
6. Please read and understand the full Terms & Conditions in its entirety prior to bidding.
Prior to the Auction, the Bidder shall submit a cashier’s check made payable to Chicago Title for $50,000. Said check will be held uncashed and returned to all non-winning bidders on the day of the Auction. A valid drivers license and one additional form of identification will be necessary to obtain a bidding paddle and/or to pick up your check. The winning bidder’s check will be cashed immediately following the Auction.
All cooperating Brokers must register their clients. If a client registers prior to the broker registration, broker shall not be entitled to a commission.
The Day of the Auction, the Bidder shall have completed the Bidder Registration form and have a personal or business check in the amount of 3% (minus $50,000) of the final purchase price.
The Buyer shall have completed all physical inspections prior to the Auction as the property is being sold in "as is" condition without Seller warranty.
Close of Escrow to be within 30 days from contract acceptance.
We will use a standard California Association of Realtors purchase agreement, a copy of which is available for your review.
Please refer to the "Bidder Registration" form for additional terms and conditions.
