Successful bidders will deposit 10% of the purchase price at the auction in the form of cash, cashier's check, personal or company check with a bank letter of guarantee, sign a real estate contract with the balance due at closing. 10% Buyer's premium applies! All transactions must close within 30 days of the auction.
Sample Guarantee Letter : As a customer of our bank, we will guarantee payment of checks drawn on account #_____, not to Exceed the aggregate amount of $_____, for the purchases at the auction of Haywood Realty & Auction Company, Inc. on __/__/__.
REAL ESTATE SELLS SUBJECT TO SELLER'S APPROVAL.