Terms and conditions . see description

Updated August 27, 2026

If you do not understand these terms or the bidding platform, DO NOT BID. .Location: 1629 Northfield rd. Fairbanks Alaska . Buyer's Fee: There will be an 10% buyer's fee added onto the highest bid price to determine the actual offer to purchase price: Example: Bid Price $100,000 plus $10,000 (10% buyer's fee) equals purchase price of $110,000. . Sale is not subject to any contingencies whatsoever. Buyers should do their own due diligence. There will be no modification of the offer to purchase. Seller does not agree to any contingencies, such as financing, appraisal, survey or inspections of any kind. Real Estate Broker will work with buyers & financial institutions, but the offer to purchase is not contingent upon financial institutions or appraisal requirements. This is agreed to by bidder, at the time of on-line registration and prior to bidding. . Terms: Within 24 hours of notification of buyer receiving notice of being winning bidder, the Buyer(s) is to pay $25,000.00 EARNEST MONEY, which is non-refundable, in the form of a certified check to Great North Auction, via overnight mail, or in-person delivery. . EARNEST MONEY Cont.: Upon acceptance of the real estate offer to purchase, by seller, The buyer's earnest money, will apply towards the purchase price. If for any reason, the buyer's offer is rejected by the seller, the earnest money will be refunded in full to the buyer. Earnest money will remain in Great North Auction LLC.’s Account up to the time of closing. The buyer agrees to release A portion of the earnest money to the seller as liquidated damages if the buyer fails, for any reason, to complete the transaction, once accepted. . Buyers' Responsibility for Signing Documents: Successful bidders not executing and returning contracts with earnest money deposit, within 24 hours, will be considered in default (breech) of contract and the seller may take legal action. Bidding is considered a binding legal contract. If theFirst buyer is in default, the immediate back-up bidder will be given the first opportunity to purchase under the same terms and conditions. Addendum D-electronic email delivery. Agency Disclosure . Deed: Seller shall provide a deed and transfer to the property at seller's cost. . Closing & Possession: Closing is to be no later October 15, 2026. Possession is at closing. . Closing fees to buyer: Any bank or loan fees, any buyer initiated testing or inspections, $30.00 to file deed, title company closing fees. . Real Estate Taxes: All taxes will be prorated to the day of closing, using the previous year's tax amount. Any unpaid taxes will be paid at closing by the seller. . Zoning: Residential . Easement: Subject to any and all easements of record, including utility easements. . Inspections: Any inspections requested by the buyer, must be made prior to bidding and permission given by auction company in writing. Buyer is responsible for any costs related to pre-auction inspections. . Buyer is buying property

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