Auction Terms and Conditions<br>
5167 West Brown Rd. Piqua, Ohio<br>
Saturday March 26th. 10:00 a.m.<br>
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Property Description:<br>
Property is located at 5167 West Brown Rd. Piqua, Ohio and contains 1 parcel with the improvements of home and outbuildings. Miami County Parcel # M40-008200. <br>
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AUCTION PROCEDURE: The real estate will be offered On-Site at a Live auction event on the 26th. day of March 2016 at 10:00 A.M. The Property will sell to the highest bidder with owner confirmation.<br>
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BUYER’S PREMIUM: A 10% buyers premium will be added to the highest bid to establish the full contract price. For instance if your high bid was $ 150,000.00 + 10% or $ 15,000.00 your total contract price would be $ 165,000.00.<br>
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DEPOSIT: $ 5,000.00 shall be required the day of the auction as good faith earnest money. This deposit shall be made payable to Re/Max One Realty and will be held in Escrow until successful closing at which time it will be returned to the buyer.<br>
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ACCEPTANCE OF BID PRICES: The successful bidder will be required to enter into a NON CONTINGENT MEMORANDUM OF <br>
AUCTION SALE AGREEMENT with the sellers the day of the auction. Your bidding is considered to be a binding contract. <br>
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TITLE: At closing the seller shall convey marketable title to the property free and clear of all liens and encumbrances. If the seller’s title is found to be defective the seller shall have the right to remedy the defect within 60 days. If this cannot be done, then, at the option of the buyer, the deposit shall be returned and the auction sale terminated.<br>
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CLOSING &amp; ADDITIONAL EXPENSES: The full purchase price is due at closing, which shall take place no later than April 26th. 2016. The closing shall be conducted at Lawyers Title Agency 100 Courtview Center Sidney, Ohio. The purchaser shall be responsible for the payment of the Transfer tax due to the Miami County Recorder. Additionally purchaser shall pay a closing fee of $ 175.00 to Lawyers Title Agency.<br>
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POSSESSION: Possession of the property shall be granted upon recording of the deed.<br>
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REAL ESTATE TAXES, UTILITIES: Current Real estate taxes are $ 1694.94 per year. This total does include a homestead exemption of $ 431.12. Real estate taxes and assessments shall be pro-rated to the day of closing using the customary method in Miami County. The seller shall pay all accrued utility bills to the date of closing. <br>
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LEAD PAINT CONTINGENCY: Buyer will waive all contingencies based upon a risk assessment or inspection of the premises for the presence of lead based paint and/or lead based paint hazards, and will receive the pamphlet “ Protect your family from lead in your home “.<br>
SALE CONTINGENCIES: Your agreement to purchase this property is subject to no contingencies of any type including financing.<br>
AGENCY: Re/Max One Realty, Auctioneers and it’s representative’s are exclusive agents of the seller.<br>
DISCLAIMER AND ABSENCE OF WARRANTIES: The property and all fixtures are being sold on an AS-IS WHERE IS BASIS with no warranty or representation, either expressed or implied, concerning the property by the sellers, Broker or Auction Company. Buyers are responsible to perform all of their own inspections and have those results satisfactory to their expectations before bidding. All information provided in marketing materials is deemed reliable by the Auctioneers and Real Estate firm but is not warranted. Due Diligence is expected from the prospective buyers. <br>
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OWNER: Estate of Lora C. Todd Miami County Probate # 88008<br>
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Justin Vondenhuevel CAI Auctioneer/REALTOR<br>
Re/Max One Realty Sidney, Ohio<br>
937-538-6231<br>
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ANY ANNOUNCEMENTS MADE THE DAY OF THE AUCTION TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS