BID ONLINE HERE

Bidding Format: Tranzon Integrity Partners utilizes “timed auction events”. If there are multiple properties being offered in a single auction event, the auction completion times are staggered in 10 minute intervals.
Our Online Only Real Estate Auctions also include an auto extend feature. Any bid placed within 4 minutes of the auction ending will automatically extend the auction for an additional 4 minutes from the time the bid is placed.
(Example:) If an auction scheduled to end at 10:00 a.m. receives a bid at 9:59 a.m., the conclusion of the auction automatically extends to 10:04 a.m. The auto-extend feature remains active until no further bids are received within the 4 minute time frame.

Terms of Sale: At the conclusion of the auction, successful bidders will be emailed a contract to be executed and returned to Tranzon Integrity Partners. Successful bidders will deposit $2,500 per property (or Ten Percent of the Contract Sales Price, whichever is greater OR the deposit required in the Property Information Package) in the form of cashier’s check to the escrow agent named on the contract for sale. The entirety of the remaining balance is due at closing on or before the contract closing date stipulated in the purchase agreement. This must be completed within 48 hours of receipt of the documents or the purchaser shall be in default.

Auction Bid Default: In the event a winning bidder fails to submit the executed contract of sale as well as the required earnest money deposit as provided in the Auction Terms, the winning bidder will be charged a penalty fee of $2,000.00. There may be additional remedies for the seller as a result of default, see contract of sale for specifics.
Buyer's Premium: A 10% buyer’s premium will be added to the bid price to determine the final contract price.

Buyer’s Premium Example:
Bid Price: $50,000
Plus 8% Buyer’s Premium: $5,000
Total Contract Price: $55,000

Closing: Time is of the essence, the property shall be closed on or before the contract closing date stipulated in the contract of sale. The seller will pay for preparation of the deed of conveyance, and all ad valorem taxes up to the date of closing. HOA fees and condominium assessments, if any, will be prorated up to the date of closing. The purchaser will pay all other closing costs.

Open House: For Lots and Land, drive by and inspect anytime. For all other real property, please view tranzon.com for open house dates and times. You may also contact YOUR real estate professional for a private showing. (have them contact us for a broker participation form and showing instructions)

Broker Participation: A one & a half percent (1.5%) buyer broker commission is available to properly registered brokers. The required broker participation from is available for download at www.tranzon.com or email: fsmith@tranzon.com if you would like a broker participation form emailed to you.

Agency Disclosure: Tranzon Integrity Partners, Stephen Jax & Associates, Inc, Stephen A. Jax and all affiliates and partners represent the SELLER in ALL transactions.

Disclaimer: All information contained herein is believed to be correct. The information is being furnished to bidders for the bidder’s convenience and it is the responsibility of the bidder to determine that information contained herein is accurate and complete. Any reliance on the contents shall be solely at the recipient’s risk. Each bidder must conduct and rely solely upon their own investigation and inspection. The property is being sold “AS IS” with any and all faults. Please review all information supplied and seek appropriate assistance prior to bidding.

Note: Pursuant to Federal Law, the purchaser of a single family residence built before 1978 has a ten day period to inspect the property for the presence of lead-based paint. The period for the inspection is the ten day period prior to the completion of the auction event. All bidders will be required to execute a waiver of the lead based paint addendum. Please see each property for a copy of the disclosure.