Vacation Property or Primary Residence

HOW TO BID:  TERMS AND CONDITIONS

Registration will be at 12pm on sale day

What’s Required to be a Bidder
A $5,000 Cashier’s Check is required at registration to bid on the real estate.
Make the check out to Bay City Title & Abstract Company
If you are not the winning bidder, your check will be returned to you after the auction.

Auction Details
-Traditional closing at Bay City Title & Abstract Company
-You will receive a current survey and title policy
-Taxes will be prorated at closing

10% Buyer’s Premium

Sale day announcements take precedence over printed material.

Request a bid packet,
call 979-885-2400

There will be a traditional closing at Bay City Title and Abstract Company in Bay City Texas. You will receive a title policy along with current survey. The property will be free and clear of any liens and the taxes will be prorated to closing. The bid packet will contain the terms of the auction along with the commitment, survey, disclosures, and a copy of the earnest money contract that we will be utilizing on sale day. You will need to have a Cashier’s Check in the amount of $5,000 made payable to Bay City Title and Abstract to be able bid. You will have to put up 10% earnest money on sale day and be prepared to close with cash within 30 days of the auction. Your 5,000 cashier’s check will be applied to your 10% earnest money. You can give us a personal or company check for the balance of the 10% made payable to Bay City Title and Abstract. This sale is subject to no contingencies so you will have to have any inspections you feel necessary done prior to the auction. It is not subject to financing so if you will be utilizing third party financing you will need to have a good understanding with your lender. You must close with cash within 30 days of the auction or risk losing your earnest money.

For registration requirements, please contact Mark Switzer | 979-885-2400 | 979-885-8560 | [email protected]