Okanogan River Valley Real Estate
Tuesday, December 15, 2009 ~ 02:00 pm
Tonasket, WA
540+/- Formerly Orchard Acres:
Offered in 2 Tracts, Separately or Combined
Auction Location:
Whistler's Family Restaurant, 616 S Whitcomb Avenue, Tonasket, WA 98855
Seller:
North Cascades National Bank
Property Description & Location:
Sale Terms:
-A 10% buyer's premium will be added to the high bid to determine the selling price.
-Bidder pre-qualification & registration require $15,000 (per tract) cashier's check(s) bidder deposit made payable to Baines Title Company in addition to proof of adequate financial resources to close on the property.
-Earnest money deposit will be 10% of the selling price.
-Cash at closing on or before January 15, 2010.
-Sale is subject to seller confirmation and acceptance of bids.
Disclaimer:
All information contained in this package and any advertisements was obtained from sources believed to be accurate. However, no warranty or guarantee, expressed or implied, is intended or made with regard to the accuracy or completeness of this information. Neither Western Real Estate Auctions, LLC, Booker Auction Company, nor the Seller shall be liable for any errors or the correctness of the information provided in this package or in any advertisements or materials disseminated pertaining to the property.
This property is being offered “AS IS, WHERE IS” without representation or warranty of any kind, including any representations regarding environmental conditions affecting the property or its title. All sketches and dimensions in the brochure and this booklet are approximate. The same is submitted subject to errors, omissions, lease or other conditions and withdrawal without notice.
Each potential bidder is responsible for his or her own independent inspections, investigations, inquiries and due diligence concerning the property and verification of all presented information on which any bid is based. The property and improvements, if any, will be offered “AS IS, WHERE IS” for auction to qualified bidders without regard to prospective purchaser’s race, color, religion, sex, marital status or national origin..
The property shall be offered subject to conditions, restrictions, rights-of-way, easements, and reservations, if any, of record. Prospective buyers are advised to consult with an attorney of their choice with respect to the purchase of any real property. Any decision to purchase or not to purchase is the sole and independent business decision of the potential purchaser. No recourse or cause of action will lie against any of the above-mentioned parties should purchaser become dissatisfied with its decision, whatever it may be, at a later date.
Auction Venue - Multiple Parcel Real Estate Auction:
The subject property will be offered in individual sale tracts and as a combined single unit providing each pre-qualified, potential buyer the opportunity to make their offer on the ‘configuration’ of their choice.
This process is commonly composed of two bidding phases. The most important aspect is that '''NO''' registered bidder, having met the pre-qualification requirements, is excluded at any time during the bidding process. Whether a bidder makes the first offer on an individual tract or the final bid raise on a combination, registrants may participate in the entire bidding process until the auctioneer announces the bidding closed.
Phase One:
Sale tracts will first be offered individually, per tract, to establish a beginning base. These bids will be visibly posted at the front of the audience on whiteboards and simultaneously entered into computerized software for visual projection to the auction attendees. These bids are posted - they are not ‘winning’ bids at this point in the process.
Phase Two:
At the beginning of the second phase, bids are called for on the entirety. Additionally, any registered bidder, whether active in phase one or not, can enter or re-enter the process. At this point, bids may be entered or raised on any individual tract and/or on the combined unit. Again, NO registered bidder is excluded during the bidding process. The process slows during phase two allowing ample time for bidder calculation, consideration or consultation with attending advisors.
All bids placed will be projected to attendees and participants. Those bids in the leading position (with the highest aggregate value) will be indicated by ‘stars’ on the projected image.
All bids remain active until the auctioneer closes the bidding and announces the property sold.
Remember that the Sale Price is your bid plus the 10% Buyer’s Premium.
Okanogan River Valley Real Estate | 
