Internet-Only Minimum Opening Bid Real Estate Auction - Tope

Town & Country Real Estate and Auction

 

Date(s) 6/11/2018 - 7/17/2018

Internet-Only Real Estate Auction with Minimum Opening Bid will begin to close on Tuesday, July 17th at 6:00 pm central time

Past Auction
Online-Only Auction
Bidding Notice:

Bidding is now open and will begin to close on Tuesday, July 17th at 6:00 pm central time

Auction Information
Name Internet-Only Minimum Opening Bid Real Estate Auction - Tope
Auctioneer
Type Online-Only Auction
Date(s) 6/11/2018 - 7/17/2018
Auction Date/Time Info
Internet-Only Real Estate Auction with Minimum Opening Bid will begin to close on Tuesday, July 17th at 6:00 pm central time
Preview Date/Time Monday, June 25th - 5:00 - 6:00 pm Sunday, July 1st - 1:00 - 2:00 pm Sunday, July 8th - 1:00 - 2:00 pm
Checkout Date/Time Contract will be signed by 5:00 pm on Wednesday, July 18th. Closing on or before Thursday, August 26th.
Location
Buyer Premium added to the high bid for each lot sold
Description
Ranch style home with 3 bedrooms and one bath
Town & Country Real Estate PO Box 56 313 Jefferson St. Oskaloosa, KS 66066 785-863-3322 (Herein known as "Auctioneer" or "Auction Company") Terms and Conditions for INTERNET-ONLY auctions for 5713 SW Avalon Lane, Topeka, Kansas 66604 BIDDING BEGINS WEDNESDAY, JUNE 13, 2018 AT 1:00PM CT; BIDDING BEGINS TO END TUESDAY, JULY 17, 2018 AT 6:00PM CT. 1. Property is offered "as-is" with any and all faults with positively no contingencies. Buyer is responsible for conducting their own due diligence, including any desired inspections, at Buyer's cost, prior to close of auction. 2. This is a minimum opening bid auction. After a minimum opening bid of $35,000.00 FOR 5713 SW AVALON LANE, TOPEKA KANSAS; seller agrees to sell the property to the highest and last bidder. 3. A 10% BUYERS PREMIUM WILL BE ADDED TO YOUR LAST AND HIGHEST BID TO DETERMINE THE CONTRACT PRICE. 4. THE WINNING BIDDER MUST BE ABLE TO CLOSE ON THE PROPERTY ON OR BEFORE AUGUST 20, 2018. 5. Any description of any improvement is for informational purposes only, and no representations, warranties or guarantees are made concerning quality or suitability for use. 6. The property shall transfer by Deed that is acceptable by title company, subject to seller obtaining merchantable title, free and clear of any and all liens. Seller and Buyer will split the cost of title insurance and the closing agent's fee 50/50. 7. Once bidding is closed, there shall be no further bidding. In the case of any disputes, the Auctioneer will use his judgment as to good faith of all claims and his decision is final. 8. Auction Company has the right to set the minimum acceptable bid increments. 9. All bidders are required to register online to participate in the auction. 10. If a bidder has an agent acting on their behalf that agent MUST fill out the "BUYER BROKER REGISTRATION FORM" and return it to the auction company no less than 24 hours prior to auction close and PRIOR to bidder registering for auction. In order to eligible for compensation from auction company said agent MUST attend all document signings and closings. 11. Should a dispute arise after the auction, auctioneer's records shall be conclusive in all respects. 12. This is a privately owned and operated auction. We reserve the right to refuse participation to any person(s). No transfer shall be recognized from one buyer to another. 13. Auctioneer and/or seller reserves the right to withdraw the property prior to auction close. 14. Bidder does hereby indemnify and hold harmless Auctioneer/Real Estate salesman, broker, Auction Company, and Seller from any and all damages, claims or liabilities from injuries to person or property of any type whatsoever, caused during auction. 15. Auction company has full discretion to modify the date and time, order, and details of the sale of any asset or conduct of any auction for any reason or no reason at all, including but not limited to technical issues, emergencies, and convenience of the Auction Company or the seller. 16. Auction company and seller are not responsible for a bidder's inability to participate in this auction, including but not limited to, technical issues, internet issues, personal ability, etc. 17. ANY BID SUBMITTED ONLINE CONSTITUTES A BINDING OFFER TO PURCHASE AND AGREEMENT TO THE TERMS & CONDITIONS, AS WELL AS AGREEMENT TO PERFORM. 18. Earnest money: The high bidder at the close of the auction shall present non-refundable earnest money in the amount of 10% of the contract price in certified funds, personal check, or cash, at the property or other agreeable place, and sign the purchase contract no later than 1:00pm CT on Wednesday, July 18th. Said earnest money will be tendered and made payable to Lawyers Title of Topeka, Inc., and will be deposited into their escrow account and held until closing. Said escrow company shall also handle all closing matters. Balance of the purchase price shall be due and payable at closing on or before August20, 2018. Time is of the essence in this transaction. 19. Town & Country Real Estate and Auction listing agent Richard Garvin is a designated seller's agent in this transaction and represents the seller, not the buyer. 20. Persons registering for this auction acknowledge and agree that their contact information can be added to our data base so they can be notified of upcoming auctions. Seller Buyer Seller Buyer
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 250.00 USD
Currency USD
Buyer Premium added to the high bid for each lot sold
Payment Terms
A non-refundable amount equal to 10% of the contract price with the balance due in certified funds at closing on or befor Thursday, August 26th.
There is no shipping or pick-up for this auction. Posession will be after a completed closing
Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.