"BIDDING RULES"
TERMS AND CONDITIONS
-The property will be offered for sale via a Public “Online – Bidding Process” (Online Auction) with the bidding ending on Wednesday Oct 9, 2024 @ 6:00pm ET
-The property will be sold subject to seller’s confirmation (sells with reserve).
-Property sells As-Is with no warranties expressed or implied
-The auction is Subject to prior sale (the property can be bought prior to the end of the auction)
-The list price of $187,654 is provided solely for filtering purposes and is not intended as a “For Sale at or List Price”. Interested buyers are required to review and sign the Terms & Conditions of the sale and make offers of your Highest & Best.
-The seller reserves the right to cancel the auction at any time prior to the final bid closing
-Buyer’s Premium
An 11% buyer’s premium will be added to the final bid and charged to the buyer, the final bid plus the 11% Buyer’s premium will establish the final sales price.
-A down payment of $5,000 must be paid by the successful bidder by direct wire transfer within 24 hours of acceptance of the auction contract by the sellers. Down payment will be payable to John Bethell Title Company. The down payment deposit will be non-refundable; your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing. The balance of the purchase price will be due via a wire transfer to the closing company, on delivery of insurable title on or before Nov 21, 2024.
-A promissory note will be signed along with the down payment.
-Final closing is NOT contingent upon financing.
-The property will be conveyed by a Personal Representative’s Deed
-The seller agrees to furnish buyer(s) with an owner’s policy of Title Insurance Policy at closing.
-Real Estate Taxes: the taxes will be prorated to the day of closing.
-Closing:
Closing shall take place at the office of: John Bethell Title Co. Address: 2626 S Walnut St, Bloomington, IN 47401
-Closing fee will be paid by the buyer.
-Closing will be held on or before Nov 21, 2024.
-Possession will be granted at final closing.
-The successful Bidder shall execute electronically an “Auction Real Estate Sales Contract” for the property immediately after being declared the Successful Bidder by the Auctioneer.
-Each potential Bidder is responsible for conducting at their own risk, their own independent inspections, investigations, and due diligence concerning the property.
-Further; Property sells as-is with no warranties expressed or implied
-JDC Group, INC dba United Country Coffey Realty & Auction and their representatives are exclusive agents of the Seller.
-All announcements made up to the final close of the Auction bidding take precedence over all advertising, oral or printed material.
-All information was gathered from reliable sources and is believed to be correct as of the date this brochure is published; however, the seller or auctioneers have not independently verified this information. Auction plats and drawings are not to be relied on and are for representation purposes only. Its accuracy is not warranted in any way. There is no obligation on the part of the sellers or auctioneer to update this information.
-SALE SITE: Internet website: www.UnitedCountryIN.com
VIEWING INSTRUCTIONS: Previews: Monday 9/23/24 - 6:00 pm EDT and Sunday 09/29/24 – 12:00 Noon EDT or By Appointment
The viewing of the property will be at the viewer’s own risk. The Seller, Auctioneer nor the Listing Agency may not be held responsible for accidents.
For questions call or text Gabrielle Getts (812) 340-3295 at United Country Coffey Realty & Auction (812) 822-3200 office.