Real Estate Terms (on site auctions)

Payment: The purchaser(s) shall pay $5,000.00 down on auction day that will be held in escrow & applied to total purchase price at closing. McLean Auction & Realty accept the following forms of

payment: cash, check, cashier’s check or credit card (3% fee for credit card transactions).

Deed: Seller shall provide a free-and-clear Warranty Deed unless otherwise stated.
Title Insurance: Purchaser may purchase Title Insurance through their closing attorney.

Closing: A cash closing will be handled by the Buyer’s closing agent and at the Buyer’s expense. A Closing involving financing will be handled as required by the Buyer’s lending institution and at the Buyer’s expense. Property taxes are prorated to date of closing. Back taxes, if any, will be paid by the Seller. The balance of the purchase price shall be paid at or before closing. Closing shall take place
within 30 days of auction, unless otherwise stated.

Closing Costs: Seller shall pay for drawing of the deed, revenue stamps, commissions and prorated taxes.

Possession: Purchaser will receive possession of property at closing. No work, of any kind, can begin until the property is closed.

As-Is Sale: The purchaser shall accept the property in as-is condition with all faults as of the closing date and the purchaser shall specifically agree that the seller has not and does not make any representations or warranties of any kind whatsoever, expressed or implied, to the purchaser regarding the property or any improvements thereon. The property is selling subject to anything an accurate survey or personal inspection of the property may reveal, including any existing rights-of-way, easements, or claims to easements, encroachments, rights or claims of parties in possession, restrictive covenants & easements, flood zones, zoning or subdivision regulations, building codes, governmental agencies regulations,
environmental conditions, lead-based paint, asbestos, radon gas, hazardous materials, any mineral rights, water rights, riparian or littoral rights, and reservations or conveyances, if any. The purchaser shall have satisfied himself as to the location and condition of the property, and all descriptions thereof,
before bidding. All information contained in the brochure and all promotional materials, including, but not limited to, square footages, acreage, dimensions, maps, taxes, etc., was provided by the seller or obtained from public record and is believed to be correct; however, neither the seller nor the auctioneer
makes any guarantee or warranty as to the accuracy or completeness of such information.

Easements: Sale of the property is subject to any and all easements of record.
Survey: The property will be conveyed according to the existing legal description from the previous and last conveyance unless stated that a new, current or existing survey is available.

Agency: McLean Auction & Realty and its representatives are exclusive agents of the Seller and are agents of no other party to this transaction.

Owner Confirmation: All Real Estate is sold with owner confirmation (reserve) unless otherwise stated. Meaning, the Seller has the option to accept or reject a bid.

Equal Opportunity Clause: All bidding is open to the public. The property is available to qualified purchasers without regard to a prospective purchaser’s race, color, religion, sex, familial status, national origin or physical handicap.

Information contained herein believed to be correct but not guaranteed. Announcements made day of auction take precedence over previously written or published materials and oral statements.


In order to resolve a complaint regarding the Site or to receive further information regarding the use of the Site, please contact us at: 

McLean Auction & Realty     
207 East 3rd Ave Gastonia   
Gastonia, NC 28052  
United States  
Phone: (704) 865-9524