Emerald Auction Group - Real Estate Auction Terms & Conditions

Disclaimer
All information provided is believed to be accurate but is not guaranteed. The property is being sold “AS IS, WHERE IS” with no warranties, contingencies, or guarantees. Buyers are expected to perform their own due diligence and inspections prior to bidding. All announcements made prior to auction will take precedence over printed materials or previous communications.

All purchase agreements shall be considered cash transactions. If the purchaser elects to obtain financing, the sale shall remain non-contingent, and the seller shall not be obligated to accommodate any financing-related conditions, delays, or requirements.

Auction Registration
All prospective bidders must register to participate in the auction. Registration must be done online at emeraldauctiongroup.com. If you have questions regarding registration or the auction process, contact our team Monday through Saturday between 9:00 AM and 7:00 PM at (419) 855-2035 or support@emeraldauctiongroup.com.

Participation in the auction constitutes acceptance of these Terms & Conditions. If you do not agree, do not register or bid.

Online Only Auction
This is an Online Only Auction. Bids will be accepted solely from registered online bidders at emeraldauctiongroup.com.

Online bidders must:

Create an account and register in advance
Accept these Terms & Conditions during registration
Bid only using their own registered account (unless prior written approval is granted)
If you are the winning bidder:

A member of our team will contact you to finalize the purchase
Required documents (e.g., Purchase Agreement and Disclosures) will be sent electronically and must be signed within 2 hours of receipt.

The Earnest Money Deposit (EMD) must be submitted via wire transfer or certified check within 24 hours of the auction close to:
Perrysburg Title
330 Louisiana Ave, 1st Floor
Perrysburg, OH 43551

Alternative arrangements must be approved in advance by Emerald Auction Group in writing.

Important:
While our platform is reliable, technical issues can occur. To avoid missing out, we recommend using the “Max Bid” feature. Emerald Auction Group is not liable for internet disruptions, user error, or third-party platform issues. If you experience any issues, call or email us immediately for assistance or to place your bid by phone.

Buyer’s Premium
A 10% buyer’s premium will be added to the winning bid and will be paid by the buyer. The total purchase price will be the sum of the high bid plus the buyer’s premium. All transfer taxes and fees will be calculated based on the total purchase price.

Earnest Money Deposit (EMD)
The winning bidder is required to submit a non-refundable Earnest Money Deposit of $5,000 within 24 hours of auction end via wire transfer or certified check to Perrysburg Title (see address above).

The remaining balance of the purchase price is due within 30 calendar days of auction end. If closing does not occur within 31 days, and no written extension is agreed upon, the EMD may be released to the seller and Emerald Auction Group as liquidated damages.

Pre-Auction Offers Accepted
Pre-auction offers will be accepted and presented to Seller. To keep things fair for all parties, every pre-auction offer must follow the same terms as the auction itself, including:

The required Earnest Money Deposit (EMD)

A 10% Buyer’s Premium added to your offer

The stated closing timeline

An As-Is, Where-Is sale, with no warranties, inspections, or contingencies

All offers are treated as sight-unseen, and buyers are expected to complete all due diligence before submitting. Property access will not be granted before closing.

Offers must include proof of funds or a lender pre-approval. The seller has the right to accept, reject, or counter any offer. If accepted, the auction will be canceled and the sale will move forward under the standard auction terms.

Submit Pre-Auction Offers online at emeraldauctiongroup.com/pre-auction-offer.

Auction Documents
A complete bidder’s packet will be available online at emeraldauctiongroup.com, and through the MLS (where applicable). This packet may include:

Contract to Purchase
Residential Property Disclosures
Ohio Lead-Based Paint Disclosure (if applicable)
Broker/Realtor Participation Form (if applicable)
Agency Disclosure Statement
Consumer Guide to Agency Relationships
Anti-Fraud Disclosure Form
Title & Closing
The seller will provide marketable title free of encumbrances at their expense. All liens, judgments, and encumbrances will be satisfied by the seller at closing. Buyer is responsible for their portion of closing costs. Closing will occur within 31 days of the auction close at Perrysburg Title (see address above).

The balance of the purchase price is due within 30 calendar days. If the buyer fails to close within 31 days without written mutual agreement, the Earnest Money Deposit may be released to the seller and Emerald Auction Group as liquidated damages.

Agency
Emerald Auction Group and its representatives act solely as agents for the seller.

Agent/Broker Participation
Agent and Broker participation is welcomed. A commission of 25% of the 10% buyer’s premium (paid by the buyer) will be paid at closing to a registered agent or broker whose referred client is the winning bidder and who successfully closes in accordance with the Purchase Agreement.

To qualify for compensation, the buyer’s agent must:

Complete the Agent/Broker Participation Form at least 48 hours prior to auction close
Register their client for the auction on emeraldauctiongroup.com
Attend at least one property preview with their client
Failure to meet all of the above requirements will disqualify broker participation and compensation. Submit Agent/Broker participation form on emeraldauctiongroup.com or contact us to register.

Transfer of Personal Property
Any personal property left on the premises at the time of closing shall be deemed to transfer with the real estate unless otherwise stated in the purchase agreement.