Auction Terms and Conditions
302 West Walnut Botkins, Ohio
Live auction held On-Site
10% Buyers Premium
Must Close by August 15th. 2014
Property Description:
Parcel # 1 to contain a to contain a total of 4 residential lots along with all improvements of 1194 square foot home and de-tached garage. Lots 11-02-32-479-018, 11-02-32-479-019, 11-02-32-479-022, 11-02-32-479-024
Parcel # 2 to contain a total of 14 residential lots along with the improvement of an older 48 X 36 Pole Building. Lots to include 11-02-32-479-002, 11-02-32-479-003, 11-02-32-479-005, 11-02-32-479-006, 11-02-32-479-007, 11-02-32-479-008, 11-02-32-479-009, 11-02-32-479-010, 11-02-32-479-012, 11-02-32-479-013, 11-02-32-479-014, 11-02-32-479-015, 11-02-32-479-016, 11-02-32-479-017
AUCTION PROCEDURE: The real estate will be offered using the multi parcel auction method at Live Public Auction on the 31st. day of July 2014. 6:00 P.M. Property sells with owner confirmation
BUYERS PREMIUM: A 10% buyers premium will be added to the highest bid received to determine full contract price.
DEPOSIT: $ 5,000.00 shall be required the day of the auction as good faith earnest money. Payment may be in the form of Cash, or Check. This deposit shall be made payable to Re/Max One Realty and will be held in Escrow until closing at which time it will be returned to the buyer.
ACCEPTANCE OF BID PRICES: The successful bidder will be required to enter into a NON CONTINGENT MEMORANDUM OF AUCTION SALE AGREEMENT with the sellers the day of the auction. Your bidding is considered to be a binding contract.
TITLE: At closing the seller shall convey marketable title to the property free and clear of all liens and encumbrances. If the sellers 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.
CLOSING: The full purchase price is due at closing which shall take place on or before August 15th. 2014
POSSESSION: Seller shall deliver possession to the property at closing:
REAL ESTATE TAXES, UTILITIES: Real estate taxes and assessments shall be pro-rated to the day of closing.
SALE CONTINGENCES: Your agreement to purchase this property is subject to no contingencies of any type including financing.
AGENCY: Re/Max One and it’s representative’s are exclusive agents of the seller.
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.
Justin Vondenhuevel CAI Auctioneer/REALTOR
Re/Max One Realty Sidney, Ohio
937-538-6231
ANY ANNOUNCEMENTS MADE THE DAY OF THE AUCTION TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS
