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400 North Mount Rushmore House Auction

Sale Terms for Auction Listing - Seller Conditions
None-negotiable Sale Terms for Auction Listing – Seller Conditions
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1. Seller to provide free and clear title POLICY at Seller’s expense.
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2. Inspection contingency: 10 days.
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3. Conventional loan contingency: 21 days. Yes, regular sale only, not all cash.
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4. Earnest money deposit: $1,277.00 (due upon contract execution).
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5. Non-refundable deposit: Deposit in item#4 becomes non-refundable after 10 days.
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6. Title company: Seller selects Austin Title, Cedar Park, Texas.
7. Seller agrees to pay 3.5% commission to the buyer’s cooperating agent through escrow.
8. Seller will sign Commission Addendum upon SP&SA (Texas Standard Purchase and Sale Agreement) submission.
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9. No assignments, no novation agreement, no double escrow, and no installment agreement is allowed, no contract for deed. No JV Dispo.
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Buy It NOW before Auction
Optional Seller Financing – Subject To Sale
Seller is open to a Subject To arrangement:
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Seller financing amount: $260,000
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Interest rate: 3.25% fixed for 27 years
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Monthly payment: $1,209.39
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Total purchase price: $555,777 (Seller’s original purchase price)
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Buyer’s cash deposit balance due at closing: $295,777 + buyer’s closing costs
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