Timeshares For Auction.com
Terms and Conditions
A About Us
As a Bidder using the services
of TimesharesForAuction.com (Auctioneer), it is assumed that you
will have read the following Terms and Conditions of this auction
site.
Timeshare Resales USA, a Florida
Corporation (The Broker) is a licensed Real Estate Brokerage operating
under the laws of the state of Florida and specializing in timeshare
resales. The Broker is providing the Bidders the opportunity
to submit a bid on interval vacation ownership and will not be
held liable for the actions of the Bidders on our site. This includes
any of the following:
-
Failure by the Bidder or
Seller to complete transaction
-
Accuracy of description
of the listing
-
Communication of any kind
between The Broker and the Bidder and/or Seller
- In today's world of high tech communications,
The Broker can not be held responsible for your inability
to access our web site or server during down time.
B
Registration
You must be at least 21 years
of age to be registered as a Bidder on The Broker s auction web
site. You must provide your actual name, address and telephone
number and any other information requested on the Bidder registration
form. Providing fraudulent information will preclude you from
transacting any purchase on our auction web site.
C
The Auction
The Broker will start
the auctions on Monday and they will end on Sunday. The Broker
has the option to extend the auction time period. All bids received
during this period of time will be presented to the Seller by
a licensed real estate sales person. Our unique program of presenting
all bids to the Seller, when the reserve price has not been met
or exceeded, allows more latitude in putting a buyer and Seller
together.
D
Bidding
Before you may bid in our auction
program, you must first register online. There is no charge
for registration to be a Bidder.
This is a Reserve Price Auction.
This means the Seller's lowest price is protected.
Our unique auction program is
a closed bid program where all bids at the end of the auction
period will be presented to the Seller by a licensed real estate
sales person. If the reserve price has not been met, there is
still an opportunity to create a sale. Remember.. most people
are negotiable. Before bidding on a property, you should make
sure you know what the property is and if you want the property.
Make sure you understand the extra costs of the property, such
as maintenance fees, taxes and etc.
By placing a bid, you are placing
a legally binding offer to purchase the property at any price
up to your maximum bid amount. Failure to complete the transaction
is a breach of the agreement and The Broker may suspend
or terminate your user account.
If you bid on multiple properties,
you are placing a legally binding offer to purchase each and every
property you bid on.
E
Ownership Transfer
The Broker will provide
the sales contract work for both buyer and Seller. A licensed,
bonded title company will provide all the necessary title work
on deeded property or any paperwork requiring the transfer of
membership.
F
Escrow Deposit
Funds will be held in The Broker
's Escrow account in Orlando, Florida. An escrow deposit is required
from the buyer in order to proceed with the sale.
G Closing
Costs
Closing costs vary, depending
on the location of the resort. These costs are paid by the buyer
for all work provided by the title company.
H
Inspection
Buyer acknowledges that he/she
has made their own investigation as to the Property and has inspected
the physical condition of the property prior to auction.
I Warranty
Of Sale
Seller shall execute any and
all documents necessary to transfer title of the property to
the buyer. Seller shall convey marketable title to the property
subject to all existing covenants, conditions, easements, restrictions,
reservations, right of way and any zoning of record. Seller shall
pay any and all liens.
J Maintenance
Fees
All Maintenance fees are by
the year unless otherwise stated. Maintenance fees vary from year
to year. In addition to maintenance fees some resorts may charge
additional fees to cover taxes and variable assessments. Maintenance
fees, assessments and taxes will be based on usage.
K Contract
After the bid is presented and
accepted by the Seller, the parties will execute the sales Contract.
L Disclaimer
Neither Auctioneer nor Broker
will make any kind of representations or warranties, whether expressed
or implied, as to the condition of the property, Its merchantability,
or fitness for buyer's intended use. The property is sold on an
as-is where-is basis.
M Choice
of Law
The agreement and the performance
hereunder and all suits and special proceedings hereunder shall
be construed in accordance with the laws of the State of Florida.
All actions under this agreement shall be taken in a court of
competent jurisdiction in Orange County, Florida and no party
shall advance a position that such forum is improper and inconvenient.
Close
Window
|