Auction Policies & FAQs for Bidders:
Municipal Property Auctions
Deposit Required: Auction registrants will provide a deposit in cash (no coins) or personal check payable to “Sager & Smith, PLLC Trust Account” in the amount of $1,000.00 prior to the auction. Deposits may be made to an NH Tax Deed & Property Auctions representative at the auction location immediately prior to the auction. Deposits of unsuccessful bidders will be returned at the conclusion of the auction. An additional deposit will be required upon a successful bid pursuant to the “Closing/Transfer of Title to Successful Bidder” section below.
Auction Information: Each auction is held at a central location (typically in the town in which the property to be auctioned is located). Please refer to nhtaxdeedauctions.com for up-to-date information about the times and locations of our auctions.
Due Diligence: Each bidder is responsible to perform due diligence in researching each property prior to bidding on same.
Buyer’s Premium: A buyer’s premium of ten percent (10%) of the base price (successful bid) will be added to the purchase price payable by the buyer as part of the purchase price.
Disclaimer: The information provided by the Municipality in any bidder packet and at www.nhtaxdeedauctions.com is for informational purposes only. Each bidder is required to conduct his/her own research and to make his/her own conclusions regarding title, fitness for a particular purpose, zoning restrictions, etc.
Closing/Transfer of Title to Successful Bidder: Closing will take place within 30 days of the sale at the law office of Sager & Smith, PLLC, or other mutually agreed upon location. Most closings can be accomplished using email and the U.S. Postal Service. Successful bidders will sign a Memorandum of Sale prior to leaving the auction venue, and a deposit in the amount of not less than 10 percent of the purchase price will be collected at that time ($1,000.00 minimum) and held in escrow at the law office of Sager & Smith, PLLC until closing. Failure on the part of the successful bidder to meet the terms of sale within the closing period will result in the forfeiture of the deposit as liquidated damages as well as other legal remedies available to the Municipality for the breach of contract. The successful bidder will receive a deed conveying title to the property, which will be without covenants (warranty, quitclaim or otherwise), but which will be subject to any easements, restrictive covenants, and/or benefits that remain of record. The successful bidder will be required to pay all NH transfer taxes, deed recording-related fees, and applicable pro-rations at the time of closing.
No Warranty of Title: Bidder acknowledges the Municipality is conveying each property AS IS, WHERE IS, WITH ALL FAULTS, with no representations as to the quality of the title being conveyed or the quality of the property being bid upon. Bidder further acknowledges that all representations made by the Municipality are for descriptive purposes only, and are not to be relied upon by bidder for determining whether the property is suitable for building or for any purpose whatsoever.
Signature Required: Each bidder is required to sign a “Bidder’s Registration and Acknowledgment,” that he/she has read and understands its terms, and he/she understands the same and will abide by the terms of this auction sale. The auctioneer can refuse a bid or to consummate a sale with any person who refuses to sign this “Bidder’s Registration and Acknowledgment.”
Rights Reserved: The Municipality reserves the right to add or remove properties from the list of properties for sale, increase or decrease the minimum bid amount, offer the property to unsuccessful bidders in the event the successful bidder defaults, sell parcels in groups, postpone or cancel the auction, or take whatever reasonable action it deems appropriate in order to facilitate sale of the properties or otherwise.