Auction Terms and Conditions Terms: 10% Buyer's Premium for live bidders plus additional 1% charge for online bidders, with a cap of $5,000 per property. Successful bidder will deposit 10% of the purchase price (including Buyer's Premium) and is due day of sale in the form of cash cashier's check personal or company check with a bank Letter of Guaranty, plus a real estate sales contract must be signed. Balance is due in certified funds at closing. CLOSING MUST OCCUR WITHIN 20 DAYS OF SALE DATE. NO EXTENSIONS.