REAL ESTATE TERMS
(as established by Jim Smith of Smith & Smith, Realtors)
All properties are being sold at public auction "As Is" with no contingencies allowed for the condition of the property or for the buyer's ability to obtain financing.
Any costs incurred by the buyer to obtain financing will be the sole responsibility of the buyer.
High / Winning bidders are required to put down a earnest money of 10% of the sales price on auction day.
Balance and closing costs are due within 30 days.
Earnest money can be paid by cash, personal check (with proper I.D.) or cashier's check.
Trustees & sellers have the right to accept or reject the high / winning bid.
All buyer inspections are to be completed before / prior to bidding.
Buyers and sellers will agree to have closings conducted by Scott Title & Escrow.
SCOTT TITLE & ESCROW
www.scotttitle.com
* 4510 E. 31st St. * Suite 100 *
Tulsa, Ok. 74135
(918) 749-9130 (Local)
(918) 745-0832 (Fax)
scotttitle@sbcglobal.net
Approximate costs to buyers will include the following:
* Closing Company Charges ($300.00) * Title Opinion & Name Check ($300.00) * Title Insurance (to be determined / varies) * Final Abstract ($150.00) * File Deed ($15.00) *
* Misc. Fees (to be determined / varies) *
Property Taxes will be prorated through the day of closing
