Auction Contract of Purchase Sample Contracts

AUCTION CONTRACT OF PURCHASE (This is a legally binding contract.)
Auction Contract of Purchase • September 23rd, 2020 • Virginia

This Auction Contract of Purchase (herein “Contract”) is made and entered into this date September 25, 2020 by and between: Mollie S. Snead & Lee S. Dillard (herein the “Seller”), Buyer Name (herein the “Purchaser”), Torrence, Read & Forehand Auctions, L.C. (herein the “Auctioneer”), and provides that Purchaser agrees to buy, and Seller agrees to sell, on the terms and conditions set forth herein, the following described real estate, and all improvements thereon: 182.268 acres including three homes and all other improvements and appurtances being Rappahannock County tax map # 21031 and known as 13583 Lee Hwy, Washington, VA all herein called "The Property." Purchaser, Seller and Auctioneer may sometimes be referred to herein individually as “Party” and collectively as “Parties”. W I T N E S S E T H : WHEREAS, Seller engaged the services of Auctioneer to sell the Property by auction and/or negotiation; WHEREAS, Purchaser was the highest bidder at the auction, or successfully negotiated,

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