Pre-Auction Offers Clause Samples
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Pre-Auction Offers. As an agent for the Seller, the Auctioneer must present any and all bona fide written offers to the Seller, which may be created outside of the online bidding platform. Therefore, all properties are subject to pre-auction sales. Pre-auction offers must meet all of the auction terms and conditions, and must be submitted to the Auctioneer on the Auction Real Estate Sales Contract, along with the required non-refundable down payment. Properly submitted offers will be presented to the Seller in a timely manner. Seller may accept or reject such offer at their sole and absolute discretion. When a pre-auction offer is submitted, all properly registered online bidders will be notified that “an offer” has been submitted and on which specific property, however the amount of the offer shall remain confidential. All pre-auction offers must allow a minimum of 24 hours for seller’s acceptance.
Pre-Auction Offers. Any pre-Auction offers received by Auction Company in connection with the Property will be submitted to Seller for Seller’s acceptance or rejection, as Seller may determine within Seller’s sole discretion; and any pre- Auction sales resulting therefrom will be treated similarly to a Property sold at Auction in terms of applicable compensation payable to Auction Company hereunder. Notwithstanding the foregoing, pre-auction offers will not be submitted to Seller pursuant to this provision if received within seventy-two (72) hours prior to the scheduled Auction date. Prospective Buyers submitting pre-auction offers within said seventy-two (72) hour period will be directed by Auction Company to submit a proxy bid or otherwise participate in the Auction. Auction Company does not warrant or guarantee that any such prospective Buyers will, in fact, participate in the Auction.