Bidding Terms and Conditions of Real Estate Auction

             Thank you for participating in this Online Auction Event (the “Auction”). Outlined below are the Terms & Conditions of Sale. Please read them carefully. By placing a bid, you are acknowledging your acceptance of these Terms.

Auction Firm:  For the purposes of Terms of Sale, Gryphon Asset Advisors d/b/a Gryphon Realty d/b/a GryphonUSA, Jeremy Pratt, Broker, BK3615306 in conjunction with Doug Crenshaw, Copeland Morgan, LLC, SL700811 shall be known as "Auction Firm."

Inspection: The property will be available for inspection by appointment with any and all inspections required PRIOR to the closing of the bidding process. Seller reserves the right to decline any requests for post auction inspections or walk throughs by the contracted purchaser, with or without contractors for any reason, prior to Closing.  Real estate brokers/agents may show, prior to auction closing, by appointment following the registration of their prospective client with Auction Firm by utilizing the link at www.agentregistration.com.  

Registration: To obtain a buyer number for the real estate auction, the buyer must complete online registration with Auction Firm and agree, if the highest bidder, to tender a deposit of Five Thousand Dollars ($5,000.00) with the Purchase and Sale Agreement and execute a Purchase and Sale Agreement for delivery to Auction Firm not later than the next business day following the conclusion of the auction. 

Be it understood that Auction Firm advises all potential buyers to seek legal counsel if for any reason they do not understand any part of the auctions TERMS and CONDITIONS.

Agency: Auction Firm represents the Seller ONLY in this transaction. Other agents of Gryphon may represent buyers and all registrants to the auction hereby consent to Dual Agency.

Contracts: The successful bidder for the purchase of the real property shall sign and return all documents to Auction Firm on the next business day following the conclusion of the auction. Transmission may be by email to Richard F. Kruse, at rfk@gryphonusa.com.  Sale offer is irrevocable for twenty-four (24) hours from receipt pending Seller signature.   Seller shall not make any alterations nor sign any addendum modifying auction terms or Contracts, including but not limited to FHA Amendatory Clause (s). 

A copy of the Purchase and sale Agreement is available by contacting Richard F. Kruse at rfk@gryphonusa.com.

Deposits: A deposit in the amount of Five Thousand Dollars ($5,000.00) will be collected from the high bidder by wire transfer to Sellers preferred Title Agent not later than 5:00 p.m. eastern standard time on the business day following conclusion of the auction. 

Timing and End of Auction: The Auction will be a timed event and all bidding will close at a specified time. At Auction Firm’s discretion, Auction Firm may close bidding early or extend the Auction. The Auction may have an auto-extend feature. If the Auction features auto-extend, any bid placed within a specified time of the end of the Auction, Auction Firm may extend bidding for an additional amount of time specified by Auction Firm. Auction Firm may increase or decrease such extended time during the Auction until bidding is closed.

Technical Provider and Technology Issues: In the sole discretion of Auction Firm, Auction Firm may use a third party to provider technical services to facilitate the Auction. In the event that there are issues related to any technology utilized during the Auction, Auction Firm may extend bidding, continue the bidding, or close the bidding. In no event shall Auction Firm be held responsible or liable for a missed bid, any failure of technology to function properly for any reason during the Auction, or for the actions of any third-party service provider engaged by Auction Firm to provide services for the Auction.

Buyer’s Premium: A Buyers Premium of ten percent (10%) shall be added to the high bid at the close of bidding. The high bid plus buyer’s premium shall constitute the Total Contract Price paid by the Buyer to the Seller.

Closing: Closing shall occur not later than 30 days following Approval of the sale through a Title Agent of Sellers choosing.  Time is of the essence in consummating this transaction. Because time is of the essence, the Buyer shall be assessed a penalty of $300.00 per day, to be paid to the Seller in addition to the agreed-upon purchase price, for each day that this transaction does not close following the agreed-upon closing date.

Seller shall pay title search fees, taxes through the date of closing and transfer tax. All other closing costs shall be paid by Buyer. At Closing, Buyer shall receive a limited warranty deed to the Property in transferable and recordable form.  

Possession: Buyer shall be entitled to possession at closing.

Contingencies: None

Real Estate Brokers: Real estate brokers shall be paid a referral fee equal to two percent (2%) of the high bid amount provided that brokers refer (introduce) buyers to auction opportunity and Auction Firm prior to (a) any interaction between prospective bidder and Auction Firm and (b) the registration by prospective buyer for participation in the online auction. It is understood that Referring Brokers shall remain involved in the transaction as an advisor to the prospective purchaser.   Auctioneer represents the Seller only in the transaction. Buyer referral registration is online at www.agentregistration.com. 

Condition of Sale: BUYER ACCEPTS THE PREMISES "AS-IS, WHERE IS", WITHOUT REPRESENTATION OR WARRANTY OF ANY KIND BY SELLER INCLUDING ANY REPRESENTATIONS REGARDING ENVIRONMENTAL CONDITIONS AFFECTING THE PREMISES. THE WARRANTIES EXCLUDE, BUT ARE NOT NECESSARILY LIMITED TO, FREEDOM FROM STRUCTURAL DEFECTS, CONSTRUCTION IN A WORKMANLIKE MANNER AND FITNESS FOR HABITATION. 

No Warranties and Limitation of Liability: Auction Firm makes no representations or warranties with respect to any technical aspects of the Auction, including, but not limited to, the performance of any computer hardware or software, any other technology utilized during the Auction, or the services of any third party engaged by Auction Firm to provide technical services during the Auction. In no event shall Auction Firm be held responsible or liable for any delay or failure of technology during the Auction.

Force Majeure. If Auction Firm is delayed or prevented from the performance of the Auction by reason of any act of God, act of nature, fire, act of government or state, acts of war or terrorism, civil commotion, insurrection, embargo, prevention from or hindrance in obtaining raw material, energy or other supplies, labor stoppages or disputes of whatever nature, or any other reason beyond the control of the party, including, but not limited to any epidemic or outbreak of pandemic disease, performance of such act shall be excused.

Jurisdiction: The respective rights and obligations of the parties with respect to the herein terms and conditions and the conduct of the Auction shall be governed and interpreted by the laws of the State of Florida. By bidding at the Auction, whether present in person or by agent, by written bid, online or other means, the buyer shall be deemed to have consented to the jurisdiction of the County Court in Pinellas County, Florida. Any controversy or claim arising from or relating to the purchase contract or incidental document associated therewith, or breach thereof, shall be determined and settled by the County Court in Pinellas County, Florida.  

High Bidder Notification: At the conclusion of the auction winning bidders will receive an email advising of the item won.  Bidders will receive an email only and are responsible for checking your email account.

BUYER BEWARE: By placing a bid, the bidder acknowledges that s/he has been provided an opportunity to conduct an inspection of the property and is entering into this agreement as the result of a thorough inspection, or acknowledged opportunity to inspect, of the property being purchased and in an AS-IS, WHERE-IS, and AS-INSPECTED condition with any and all faults. Auction Firm gives notice that the auctioneer or agent can bid on behalf of the seller.

The above-stated Terms & Conditions of Sale cannot be altered except in writing by Auction Firm. By registering to bid, you agree that you have read and understand the previous terms and conditions.

Disregard Price. Auction is ON!!  List Price is Opening Bid.  Don’t miss the opportunity to name your price on this beautiful 3-bedroom, 2.5-bath single-family home that offers 2,150 +/- square feet of comfortable living space with a functional floor plan perfect for both everyday living and entertaining. Step inside to find a spacious main living area filled with natural light, a modern kitchen with ample cabinet and counter space, and a dedicated dining area that flows seamlessly for family meals or gatherings. The primary suite features a walk-in closet and private bath, while three additional bedrooms provide flexibility for family, guests, or a home office. Outside, enjoy a private backyard with room for relaxation, play, or future customization. Situated in a desirable Wesley Chapel community, this home offers easy access to shopping, dining, schools, and major roadways while still maintaining a welcoming neighborhood feel. 

Open for viewing Saturday, October 11th, 2025 from 1PM to 3PM  & Sunday, October 19th, 2025 from 1PM to 3PM.  Online auction ends Wednesday, October 22nd, 2025 at 6PM.  Offered AS-IS.  10% Buyers Premium.  Bid at www.gryphonusa.com.  Agents register for commissions at www.agentregistration.com.  Pre-Auction Offers Considered. 

Offered by Gryphon Asset Advisors dba Gryphon USA, Jeremy G Pratt, #BRK3615306 & Copeland Morgan LLC, Douglas Crenshaw, SL700811