•Property is being sold in an “as is” condition, and the condition is unknown and may include defects, possible health or safety hazards, or debris, or be located in a Special Flood Hazard Area. 

•Proof of Funds Required. The seller requires that the high bidder be able to demonstrate proof of funds or financing pre-qualification within 24 hours of the auction. Buyer must obtain a “pre-qualification” letter from a lender of their choice. If buyer intends to pay with cash, a bank letter or other financial account statement showing proof of sufficient funds to cover 100% of the purchase price will be required (account numbers should be removed or redacted). Buyer understands and agrees to submit said documentation to auctioneer within 24 hours of the auction. 

•Utilities Disclosure. The utilities to this property are not currently “turned on” and the property has been winterized. Utilities will not be turned prior to closing, regardless of inspections. Buyer will need to consider this and account for it if/when inspecting the property. Buyer is responsible for utility transfer post-closing.

•Occupied Property Disclosure. Buyer acknowledges and understands that property herein is occupied. Buyer accepts responsibility for eviction, lease or rental negotiation, or other remediation, as Buyer finds necessary in order to clarify legal occupancy status. Buyer agrees to hold Seller, Williams & Williams, and its agents harmless from any and all results therein.

•Occupied Property and Utility Usage Disclosure.  Buyer acknowledges and understands that property herein is occupied and utilities have not been disconnected. Buyer accepts responsibility for eviction, lease or rental negotiation, or other remediation, as Buyer finds necessary in order to clarify legal occupancy status.  Buyer further shall be responsible for payment of utilities consumed and used by tenants.  Any collection or reimbursement of said utility payment s by tenants shall be the sole responsibility of the Buyer.  Buyer agrees to hold Seller, Williams & Williams, and its agents harmless from any and all results therein.  Buyer is advised to conduct a thorough investigation of the property’s utility usage and any associated costs and expenses associated with usage.

•Buyer understands and acknowledges that square footage, acreage, and/or bedroom and bathroom count for the building sited on the property is based on an appraisal or county assessor information.  Buyer further understands and acknowledges that measurements/acreage/count can vary from a few feet to several hundred feet regardless of source (County Assessor’s records, appraisal, or appraisal measurement report, etc.) and that said sources may contain erroneous information or measurements/acreage/count. 

Buyer should conduct their own investigation and satisfy that the size and/or square footage, acreage, and bedroom/bathroom count of the dwelling/building is acceptable to the Buyer prior to placing any bid or offer on a property.  

By placing a bid or offer on a property, Buyer is accepting the property in “as-is where-is condition” and agrees to be bound to the bid or offer should a discrepancy arise.

Transfer Application Required.  Buyer acknowledges that the conveyance of Property is subject to completion of the City of Cleveland's Transfer Application, which may or may not delay closing.  Seller shall not be responsible for any delay in closing due to the application process. Buyer agrees to comply with all requirements necessary to complete the application, including, but not limited to, obtaining the necessary permits and making arrangements to correct any noted city/county violations. Buyer accepts all responsibility for any remediation, fees, or terms required by the authority thereof, which may or may not include demolition, escrow fees, or habitation certificates. Property may also be subject to other undisclosed city/county transfer requirements, and Buyer agrees to be responsible for compliance therewith.

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