124 Veterans Dr Holland, MI 49423-Auction Parcel #2

Deposit for Real Estate: A deposit of Ten Percent (10%) of the purchase price up to a maximum amount of $25,000 will be required of the successful bedders within 48 hours of the conclusion of the auction. A Big Red Auctions representative will contact you if you are the high bidder to coordinate your deposit and arrange for signatures on the Buy-Sell Agreement. Wire transfers, cash, cashiers check, company or personal checks(With Bank Letter of Guarantee) are accepted for this good faith deposit. This deposit in NON-REFUNDABLE if you, the buyer(s) do not carry through, or are unable to carry through with the purchase for whatever reason. Your bidding is not conditional upon financing, so be sure to have financing arranged ahead of time (if needed) and are capable of bringing the full amount due at closing at closing. Conditions: All properties are sold “AS IS WHERE IS” with no warranties of any type expressed or implied as to the merchantability, usability, fitness for a “Particular Purpose”, zoning, or any matter of whatsoever type or nature. Potential buyers should inspect all properties before placing any bids. If an inspection report has been provided, it is provided as a convenience to the buyer and the buyer assumes all responsibility for decisions or judgements provided by that report. Big Red Auctions, it’s employees, officers, owners, and members are not to be held liable for any reports provided by an outside vendor or source. Any and all improvements which may need to be done will be the responsibility of the purchaser. All information advertised or stated was derived from sources believed to be correct, but is not guaranteed. The Real Estate DOES NOT sell contingent to financing, acceptable post-auction inspections, acceptable environmental reports, use requirements, surveys, other property sales/purchases/or exchanges, or any other matter whatsoever. The auction company reserves the right to place bids on behalf of any buyer, employee, principal, member, or seller. Surveys and perk tests if provided, are provided based on a courtesy to the buyer and not a right. If a new survey is required or a new certification of an existing survey is required, it shall be the responsibility of the buyer to bear the full cost of such survey or recertification. The property will be sold free and clear of any liens of record, unless otherwise stated. The property will be sold subject to any existing easements, use and building restrictions of record, and or deed restrictions. Inspections: Buyer shall rely entirely on their own information, judgement, and inspection of the property and records. Buyer can and should inspect the property prior to the auction. Acceptable inspection(s)after the auction is not a contingency of your bidding so be sure you have inspected the property to your satisfaction prior to the auction. Big Red Auctions, LLC cannot provide inspection or access to the property after the auction until the closing. Please no the advertised “Open House” times. In the event an appraisal is desired after the auction, Big Red Auctions, LLC will make efforts to allow access to the property for the appraisers inspection. The purchase of the property is not contingent upon the appraisal nor it’s values. Closing: The balance of the purchase price will be due within 14 days after all of the paperwork has been prepared for the closing, but no later than 30 days after the auction. Possession will be given at closing, unless otherwise noted. Closing fees charged by the title company of approximately $450 will be divided evenly between the buyer and the seller. Buyer and Seller also acknowledge that a $175 Big Red Auctions, LLC administrative Fee will be charged at closing. Taxes and Assessments: Property taxes (Prior Year(s)) which are due and payable on or prior to the auction date will be paid by the SELLER without pro-ration. Current Year property taxes will be pro-rated to the date of the auction using a calendar year proration. (Winter and Summer tax bill will be combined and divided by 365 days to come up with a daily rate) The Seller will be responsible for the number of days up to the date of the auction, the buyer will be responsible for the day of the auction and the number of days remaining in the year. The buyer will assume any dues or assessment balance which remains after the Seller pays for any dues or assessments (or installments) which are due and payable on or before the date of the auction. Deed and Title Insurance: Seller will provide at their cost, a deed to the property, and an owners title insurance policy in the full amount of the purchase price. Signing of contracts: If you are the successful bidder, you agree to and must sign all the purchse agreements and related documents and make your deposit on the property within 48 hours of the conclusion of the auction. Individual purchases are to be considered as singular (individual) transactions, and not contingent upon the purchase or purchases of any other property on the auction. The ability to obtain financing is NOT a contingency of the sale. Properties will be sold subject to seller(s) acceptance or rejection of the high bid. Such decisions will be made within 72 hours after receiving the executed buy-sell agreements. If the high bid is rejected, the good faith deposit will be refunded within 72 hours upon notice of such rejection of the bid. The auction will be conducted at the sole discretion of the auctioneer and any bids may be recognized at their discretion. Any exceptions to the above terms will be noted in the “Additional Terms” information on each auction page for each property. Notice to Buyers: Unless otherwise noted to Big Red Auctions, LLC in writing, it is assumed that you are NOT represented by a buyer(s) agent or do not have a Buyers Agency agreement in writing. You agree and acknowledge that if you are not the successful bidder, you may be contacted in the future by a licensed Real Estate agent who has a relationship with Big Red Auctions, LLC about other properties in this area that you may be interested in, that are similar in style, price, or layout to the auction property. This is not intended to solicit real estate that is currently listed or to interfere with any existing agency relationships that you may currently have as a bidder.  Bidder will need to sign a 9 day right of inspection and withdrawal waiver for the Condo requirement.  Bidding while scheduled to end at 7pm, may be extended if there is  a bid received in the last 10 minutes of an auction.  This feature known as a soft close, allows for a bidder to respond if they have been outbid.  These extensions will continue till such a time as there are no further bid received for a period of 10 minutes beyond the stated closing time.