| Real Estate Auction Policy |
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Due to the wide variety of laws governing the sale of real estate, Costa Rica Real Estate Hunter Estate auction-style advertisements of real property do not involve legally binding offers to buy and sell. Instead, Costa Rica Real Estate Hunter Estate's auctions are simply a way for sellers to advertise their real estate and meet potential buyers. Costa Rica Real Estate Hunter Auction is commonly referred to as an online auction web site, however Costa Rica Real Estate Hunter Estate is not a traditional "auctioneer." Costa Rica Real Estate Hunter Estate is not involved in the actual transaction between buyers and sellers and, as a result, has no control over the quality, safety or legality of the properties advertised, the truth or accuracy of the postings, the ability of sellers to sell items or the ability of buyers to buy items. Costa Rica Real Estate Hunter cannot ensure that a buyer or seller will actually complete a transaction. Auction-style format advertisements for the sale of real estate are designed to assist the parties in identifying the most interested potential buyer(s). The listings do not result in binding agreements to buy and sell real estate; however, they do allow sellers and buyers to use Costa Rica Real Estate Hunter Estate as a venue to determine who may be most interested in the property. In this format, potential buyers are asked not to bid unless they intend to complete the purchase of the advertised property, subject to customary diligence and contingencies. Sellers are not permitted to claim in their listings that a bid results in a binding obligation to consummate the purchase. Following the close of the auction-style bidding, the sellers and buyers are expected to contact each other to prepare and deliver the appropriate paperwork to buy and sell the property, and to take such other actions as may be required by local laws. As noted below, Costa Rica Real Estate Hunter Estate cannot give legal advice to buyers or sellers, and users should seek professional advice when selling or buying real estate. Depending on the property, sellers may be required to deliver to buyers a disclosure statement prior to a sale, and in all cases buyers should conduct their own due diligence related to property inspection, title review, building code compliance, termite inspection, flood plain, hazardous materials and other local issues transparent only to an expert. While Costa Rica Real Estate Hunter Estate cannot guarantee consummation of the sale to either seller or potential buyers, our rules require sellers and top-bidding potential buyers to follow through in good faith. If the parties do follow through in good faith, but the transaction does not close, the parties should still leave positive feedback for each other. If you elect to use the ?auction-style? advertisement for certain kinds of real estate, you will be charged a ?Notice Fee? when the auction-style advertisement begins. This fee applies whether or not the real estate sale is completed. You will not be charged a ?final value fee? tied to the sale of the real estate. See Real Estate Fees for more information on fees. |





