WatervilleValleyCondoAuction

 
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Waterville Valley Condo - 5 Day Sale Auction Info.  E-mail

Auction Definitions >> Auction Methodology >> AUCTION REGISTRATION >> Virtual Auction Room >>

Auction Bidding Information & Method

This Waterville Valley Condo will be:
1. Open for Inspection by appointment        
from 10:00 AM - 3:00 PM
2. Accepting Online Bids Through 10/23/2014  2:00 PM EST
3. Open For Bidding -- Starting Bid $179,500

Once the "Best Bidder" is selected, the parties put the property under contract as a Normal REAL ESTATE TRANSACTION with approved New Hampshire "contract-for-purchase" subject to standard contingencies such as appraisal, satisfactory property inspection, and financing if applicable.

Property Address:
To Come
Auction Registration >>

Auction Bidding Method:

• Initial bids can be left in any amount but must be verified by the bidding closing date.
• Initial bids can be changed until 2:00 PM local time on the bidding closing date.
• The bidding will be open and can be viewed in the virtual auction room.
• Verified bids will be posted and can be viewed in the virtual auction room.
• The seller may elect to negotiate a sealed bids prior to the bid closing date.
• Final telephone round-robin bidding will begin at 3 PM local time on the bidding closing date.
The high initial bidder will receive the first call to let him/her know that the bidding has begun. The
next highest bidder will then be called and given the opportunity to top the current high bid, and so
on down the list.
• While bidding is open, every bidder will have the opportunity to top the high bid until the best
bidder is established.
• If there is more than one bid at the same level, the earliest bid will be honored.
• When bidding begins, the bids must be at least $1,000 apart. ($179,500…$180,500…$181,500…
Etc.)
• Once the best bidder is established and global transaction terms are agreed to, the sale becomes a
NORMAL REAL ESTATE TRANSACTION subject to customary contingencies such as appraisal,
financing, property inspection, etc.
• When the final bidding has completed, the best bidder will have 72 hours to put the property  
under contract in accordance with all applicable real estate laws in the state of New Hampshire. 
Sample state approved sales contracts are available via the links located on this website page above. 
Otherwise, the second best bidder will be given the opportunity to purchase the home.
• As with any real estate transaction, there is no legal obligation to purchase or sell until a contract is   executed.



Real Estate Auction Definitions:

"International Bidder:”
Any bidder domiciled outside of United States including Alaska & Hawaii

“Out-of-State Bidder:”
Any bidder domiciled outside of New Hampshire, USA

“Best Bid:”
That bid determined by the seller to be most qualified given price considerations including seller’s perception of a given bidders ability and willingness to close the transaction in a timely manner with good funds

“Formal Notice of Auction Award:"
The seller may notify the “Best Bidder” by phone, facsimile, email, and/or registered mail. All such forms of notification will constitute legal “Formal Notice of Award”

“Best Bid Award Price:”
That “Best Bid” price that through the “round-robin” bidding process the seller’s award the auction subject property to

“Buyer’s Premium:”
There are no "buyer's premiums", fees or charges associated with this 5 day sale auction format to the best bidder.

 

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Waterville Valley Condo
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