Auction Terms and Conditions
This auction is conducted by Matthews Auctioneers, Stephen LaRaviere - Auctioneer VAAL#3799
All bidders must read and agree to the following terms before participating in this real estate auction.

1. Property Condition & Inspection

The property is being sold AS-IS, WHERE-IS, with no warranties or guarantees expressed or implied by Matthews Auctioneers or its agents.

All information, including square footage and acreage, is believed to be accurate but is not guaranteed. It is the buyer’s responsibility to conduct their own due diligence, inspections, and verify all property information prior to bidding.

Lead-Based Paint Notice: Buyer waives the 10-day opportunity to conduct a risk assessment or inspection for the presence of lead-based paint and/or hazards.

2. Registration & Bidding

By registering to bid, you agree to all terms and conditions contained herein.

Matthews Auctioneers reserves the right to:

Verify bidder identity via phone, email, or other means.
Require a refundable deposit of $500 prior to bidding.
Request proof of funds, such as:
- A certified bank letter
- A cashier’s check for $10,000
- A valid credit card with a $10,000 limit

The auctioneer reserves the right to deny bidding access to any person who fails to meet these requirements.

3. Buyer’s Premium

A 10% Buyer’s Premium will be added to the high bid to determine the final purchase price.

4. Sale Terms & Deposit

The high bidder must submit a 10% earnest money deposit on the day of the sale. Acceptable forms of payment include certified check, cash, or immediate wire transfer.

A purchase agreement will be emailed to the winning bidder and must be signed and returned by 5:00 PM the following day.

5. Closing

Closing must occur within 30 days of the auction date. The earnest money deposit will be held in a non-interest-bearing account until closing.

The buyer is responsible for:

Title search and title insurance
Recording fees
Survey costs (if needed)
Transfer taxes and customary closing costs

Property taxes, water, and sewer charges will be prorated to the date of closing.

6. Financing

The sale is not contingent on financing. Buyers should have all financing, inspections, and due diligence completed prior to bidding.

7. Default

Failure to complete the sale or comply with these terms will result in:

Forfeiture of the deposit
Liability for any attorney’s fees and costs incurred in enforcement
The auctioneer reserving the right to offer the property to a backup bidder

Thank You for bidding today

Matthews Auctioneers

Stephen LaRaviere - Auctioneer VAAL #3799

276-235-0153

Wythevile VA Real Estate Auction - Large Country Home

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