ArrowHead Ranch Beauty - Golf Course Lot

These terms of use are entered into by and between You and The Collins Home Team and the The Collins Home Team Group at YOUR HOME SOLD GUARANTEED Realty ("Company," "we," or "us"). The following terms and conditions, together with any documents that Your Home Sold Guaranteed Realty incorporate by reference (collectively, "Terms of Use"), govern your access to and use of the The Collins Home Team website platform By agreeing to these Terms and Conditions you agree and understand any offers you submit will be available and visible to the public in real-time on the property page of our website. This Website is offered and available to users who are 18 years of age or older and reside in the Canada and/or the United States or any of its territories or possessions. By using this Website, you represent and warrant that you are of legal age to form a binding contract with the Company and meet all of the foregoing eligibility requirements. If you do not meet all of these requirements, you must not access or use the Website. In order to place an offer on any property available for online offers on the The Collins Home Team website platform, you must register and create an account. If you are working with an Agent, you will need to provide us with their contact information. By agreeing to these Terms and Conditions you agree and understand any offers you submit will be available and visible to the public in real-time on this property page. The Seller has required the listing agents to have all offers submitted online. We have been instructed NOT to review or present offers that were not submitted through the online process. If you are bidding from a different time zone than the property, you MUST change the clock on your computer to ensure your bids are submitted in a timely manner. WE DO NOT RECOMMEND USING A MOBILE PHONE FOR BIDDING! IF YOU DO, YOU MUST REFRESH YOUR SCREEN TO ENSURE ACCURACY! By creating your account, you agree, accept AND understand the Terms and Conditions of the online offers process and the The Collins Home Team online offers platform. In addition, you must either provide acceptable Proof of Funds if paying in cash OR a FULL Underwritten Loan Pre-Approval Letter or the actual Automated Underwriting printout from a Licensed Mortgage Lender (pre-qualifications are not allowed) prior to getting access to the online offers area. Registration and documents must be completed and provided to the listing agent of the property you are making offers on NO LATER than 4:00 pm Arizona time on the final day of the online offers sale event. If you are not pre-approved and want to come to the Open House event to tour the home, you may do so, but you will not be allowed to access the online offers platform unless and until you either supply the listing agent of the property you are interested in the appropriate pre-approval or proof of funds as stipulated previously. We STRONGLY encourage you or your agent to log in to your account well in advance of the end of the stipulated online offers time limits on the property you wish to make an offer. You can see all offers on the property page for the home you are interested in. Upon acceptance and approval of your documentation submitted as described above (acceptable proof of funds / lender pre-approval letter) you will be granted access to our online offers platform which means you will receive access to make offers on properties that meet your criteria. EACH PROPERTY WILL HAVE DIFFERENT TIMES THAT ACTIVATIONS / OFFERS WILL TAKE PLACE SO PLEASE READ THE DESCRIPTION FOR THE PROPERTY YOU ARE INTERESTED IN MAKING AN OFFER ON. "Final Declared Winning Offer" – Being the highest offer on the site property page does not necessarily mean your offer is the final declared winning offer or that your offer is accepted. There are many factors that go into a seller accepting an online offer such as type of mortgage financing, down payment, amount of earnest money, closing date, home sale and other contingencies etc. The listing agent will call all buyers or agents who have placed competitively priced offers on a particular property on our platform to learn all the details of their offers. Only after the seller and seller's agent discuss the terms of all the competitive offers submitted on the site will they determine who the "Final Declared Winning Offer" from all competitive registered buyers involved in the online sales event. Winning Offer – If your offer is accepted by the seller, you must have your agent submit a signed Arizona Residential Purchase Contract to the seller / seller's real estate listing agent along with the earnest money deposited with the seller's title company as escrow agent within the time specified in "sale terms and conditions" (typically within 24 hours but please see the property posting for complete details). If you do not have an agent, please Contact Us as you must have a licensed agent perform this function and be registered on our site prior to your being able to place any offers on a property on our platform. Seller(s) reserve the right to accept, negotiate or reject any or all offers submitted online. What is the "Buyer's Premium" – Using the The Collins Home Team online offers platform, real estate commission is paid in whole or in part from what is called a "Buyer's Premium". Buyer's Premium can range from 1% to 12% of the "Final Declared Winning Offer" price accepted (this is not the Final Sales Price). The exact percentage amount of Buyer's Premium can be different for each property offered on our platform so be sure to read the specific terms on the property page and MLS listing for the property you are interested in. The FINAL SALES PRICE which will be shown on Line 10 of the Arizona Residential Purchase Contract calculated in the following manner: Buyer's Premium Amount = Final Declared Winning Offer Price x Buyer's Premium Percentage stated on Property Page Final Declared Winning Offer Price + Buyer's Premium Amount = FINAL/CONTRACT SALES PRICE. The Buyer's Premium is calculated using the highest final offer NOT based on the Total Purchase Price. This is the MOST transparent way for a seller to offer the lowest price on their home and still compensate the real estate agents who conduct and close the transaction. Each property listed on our platform site will offer different terms, conditions and buyer's premium, so be sure to research the property you are interested in thoroughly along with all of the details on the property page. Properties will be available for viewing by the general public ONLY on the day(s) specified on the property page of each specific property (unless agreed otherwise). Seller(s) reserve the right to accept, negotiate or reject any or all offers submitted online. An online offer is a binding agreement and a seller can legally pursue a non-performing buyer. Be sure to contact us if you have question on the offers process. Terms You Should Know: WE SUGGEST YOU ALWAYS LOG INTO THE SITE 5 MINUTES BEFORE THE SCHEDULED ONLINE OFFERS EVENT ENDS TO SEE VIEW THE CURRENT OFFERS TO DETERMINE IF YOU WISH TO PLACE OR MODIFY YOUR OFFER(S). Extension of Offers – Our system prevents last second unfair Offers by automatically extending the online offers event time. If a buyer places an offer within 2 minutes of the end of the online offers posted on the site time, the system will automatically extend and allow more offers to be placed for an additional 5 minutes in order to allow all registered buyers the opportunity to respond and will continue to operate like this until there are no more offers placed during any 5-minute extended time period. Attention – Final Declared Winning Offer If Your offer is Declared the Final Winning Offer: Our Seller's Agent will contact your agent to discuss and finalize your offer and to determine the actual final sales price to be inserted into an Arizona Residential Purchase Contract. The Highest Offer on our site does NOT mean you have an accepted contract. Once we have discussed the terms of your offer and the seller accepts your offer, your agent MUST submit a signed purchase agreement to the seller within the time specified in "sale terms and conditions" (please see the posting details on the property page). If you do not have an agent, please Contact Us. Notice to Final Declared Winning Offer: Important – If your offer is declared the final winning offer by seller and seller's agent at the end of the online offer event (after seller and or seller's agent discusses with you all other terms of your offer and your offer is accepted by same and you are then declared the "Final Winning Offer") and if you then back out without submitting a contract, you will have been considered breaching our terms of use of our online offers submission system and you may be liable for a $500 withdrawal penalty fee. We will invoice you for that amount. Seller(s) reserve the right to accept, negotiate or reject any or all offers submitted online. To access the Website or some of the resources it offers, you may be asked to provide certain registration details or other information. It is governed by our Privacy Policy, and you consent to all actions we take with respect to your information consistent with our Privacy Policy. If you choose or are provided with, a username, password, or any other piece of information as part of our security procedures, you must treat such information as confidential, and you must not disclose it to any other person or entity. There is only one registration entry allowed per buyer. (i.e.: only you or your licensed real estate agent can create an account for your bid) You also acknowledge that your account is personal to you and agree not to provide any other person with access to this Website or portions of it using your username, password, or other security information. You agree to notify us immediately of any unauthorized access to or use of your username or password or any other breach of security. You also agree to ensure that you exit from your account at the end of each session. You should use particular caution when accessing your account from a public or shared computer so that others are not able to view or record your password or other personal information. We have the right to disable any username, password, or other identifier, whether chosen by you or provided by us, at any time in our sole discretion for any or no reason, including, if, in our opinion, you have violated any provision of these Terms of Use. Information About You and Your Visits to the Website All information we collect on this Website is subject to our Privacy Policy. By using the Website, you consent to all actions taken by us with respect to your information in compliance with the Privacy Policy. Online Bidding and Other Terms and Conditions All bids resulting from visits made by you, are governed by our Online Bidding Terms and Conditions, and the specific Purchase and Sale Agreement (referred to previously) executed by the winning bidder and seller, which are hereby incorporated into these Terms of Use. Additional terms and conditions may also apply to specific portions, services, or features of the Website. All such additional terms and conditions are hereby incorporated by this reference into these Terms of Use.