Listing price is the OPENING BID for the public Real Estate Auction occurring on August 20, 2020 at 2PM. ***SHOWING INFO: There are no available showing outside of the 3 open houses. See below for open house dates*** You are free to submit cash AS IS offers with the terms outlined below, however Executors will most likely not sell before the auction day. This single brick home with a one car garage has 3 bedrooms, one bath. Fireplace, Sunny enclosed back porch, Shady screened front porch, unfinished third floor walk up attic offers expansion potential. Auctioneer for full terms. Property sold AS IS with free and clear title. OPEN HOUSES: Masks and Social Distancing Required. Limited occupancy. There may be a line. Only 2 families in the house at a time. Open House 1: SUNDAY August 2, 2-4PM Open House 2: WEDNESDAY August 12, 6-8PM Open House 3: SUNDAY August 16, 2-4PM No contingencies. Buyer pays all transfer taxes. Broker Participation 5% with represented registered bidder 24 hours prior to the auction. How it works: At Uniques & Antiques we have sold many estate properties using the auction method. The executors for this Estate have decided to use to use the auction method to market and negotiate the sale of this property for a quick sale, as is, with limited contingencies and fair, transparent competitive bidding. Before the Auction: Each potential bidder views the property during the open house inspection periods. Desired inspections including all home inspections conducted by bidder or their contractor. This is the only opportunity to do inspections. All inspections happen before auction day. Zoning or subdivision research is completed. Bidder decides what their maximum bid will be. Auction day: We allow for a one hour inspection the day of the auction. Any interested buyer has already completed their inspections on the property and decided on how they will pay for the property. Buyers arrive at the auction with a $5,000 Certified check made out to their own name in order to register for a bidding paddle. Only registered bidders will be able to bid. The auctioneer auctions the property accepting bids from present registered bidders and approved telephone bidders. Once the bidding stops and there is a high bidder, the auctioneer takes a quick consultation with the seller to confirm the price. Once the price is confirmed, we may offer one last chance for further bids. Buyer and seller immediately enter a written agreement of sale for the hammer price plus the 10% buyer~s premium with a set settlement date. Buyer~s certified $5,000 deposit is endorsed over to the transaction and held in an escrow account with the auctioneer. This deposit will be applied to the transaction at settlement. If buyer defaults and does not follow through to settlement, the deposit is forfeited to the seller. There are no contingencies on this agreement of sale other than Free and Clear title. If a bidder was unsuccessful, they redeposit their $5,000 check back into their own account. After the auction: Successful Buyer orders a title report from their choice of title insurance companies. (Auctioneer can assist in choosing a title co.) Title is researched and all liens are paid by the seller before or at settlement. Settlement: Buyer and seller attend settlement with the balance of the amount needed to complete settlement including all real estate tax escrows, transfer taxes and settlement charges. (Title insurance company can provide a settlement cost estimate) Buyer receives keys and the transfer of the property free and clear. Buyer must apply for a certificate of occupancy and do any required renovations by local municipality before occupying the residence.
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