INTERNET ONLY REAL ESTATE AUCTION
TERMS AND CONDITIONS:
The Sale of this Property is Based solely on your Due Diligence and Inspection, Understand that Historic Farm buildings are known to have uneven floors, insect activity, roof leaks, loose boards, etc. It is being sold at public auction AS IS. With No Guarantee from Seller/Auctioneer
Due to INCOME TAX Limitations the Owner/Auctioneer will ONLY sell this property under a Land Contract. No Exceptions. Terms will be $30,000 to $50,000 down with the remainder on a 6 year amortization Schedule at 6.5% Interest with No Pre Payment. Offer to purchase to be initiated and 5% Earnest money to be paid within 72 hours after auction close. Contract will be drafted by Lewis & Van Sickle LLC Law firm. Closing within 30 days of sale, Title Insurance and Transfer fee will be paid by seller. There is No BUYERS FEE for this sale, Seller has the right to accept or reject any and all bids. 5% non refundable earnest money in the form of a certified check, cash or wire transfer is to be paid within 72 hours of the close of auction, with the balance of down Payment due at Land Contract signing. Purchaser shall be responsible for all wire transfer fees. Land Contract signing date will be set within 30 days.
AUCTION END TIMES:
Bid To Buy Auctions Online Only Auctions are timed events and all bidding will close at specified time. Bid To Buy Auctions Online Only Auctions also have a Soft Close, auto extend feature. If any bids are placed in the final 10 minutes of an auction, the auction ending time will be automatically be extended 10 minutes from the time the bid was placed. Example: if an auction scheduled to close at 4:00 receives a bid at 3:59, the close time will automatically extend 4:09. The auto extends feature remains active until no further bids are received within a 10-minute time frame.
ACCEPTANCE OF BID PRICES:
Successful bidder(s) will be required to enter into a purchase agreement immediately following the close of the auction, if the Seller accepts their offer. This real estate is being offered "with reserve" meaning that the Seller has the right to accept or reject any and all bids. Bid To Buy Auctions will supply the seller's documents to be executed and buyer will be required to hand deliver or e-mail the signed document back to Bid To Buy Auctions within 72 hours of the end of the auction. Successful bidders not executing and returning contracts with earnest money deposit within 72 hours will be considered in default. Any and all inspections that a buyer may want must be done at buyer's expense prior to auction close.
BRIEF OUTLINE OF WHAT TO EXPECT AFTER THE CLOSE OF THE AUCTION:
1. At close of auction, Auction Company will contact Seller(s) for confirmation of bid amounts. (This is a "Reserve Auction", meaning the seller(s) has the right to accept or reject any and all offers)
2. Auction Company will contact Bidders after the close of the auction.
3. Auction Company will email or hand deliver signed Agreement between Seller(s) & Buyer(s) for Buyers signature on Agreement, if offers are accepted.
4. Buyer(s) must then return signed agreement to Auction Company & deposit 5% of Final Purchase Price as NON-REFUNDABLE earnest money, to Bid To Buy Auctions within 72 hours of close of auction.
5. Auction Company will arrange a Land Contract closing date, Contract will be drafted by Lewis & Van Sickle LLC Law firm in Green Bay WI within 30 days of sale, Auction Company will notify Buyer of Date.
POSSESSION: Possession at closing. No Exceptions.
REAL ESTATE TAXES: All taxes will be prorated to day of closing using previous year's tax amount.
EASEMENTS: Subject to any and all easement of record.
ZONING: This property is zoned Residential and subject to all state and local zoning ordinances.
ACREAGE: Parcel dimensions and acreages are based on legal descriptions.
BIDDER VERIFICATION:
The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Bid To Buy Auctions will reject the registration, and bidding activity will be terminated. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the person's credentials, fitness, etc. Bidders agree to keep their username and password confidential, as they are responsible for ANY and ALL activity involving their account. When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges.
AGENCY:
Bid To Buy Auctions, and its representatives are agents of the Seller.
BUYERS AGENCY:
All buyers are responsible to notify auctioneers of any potential buyers agency contracts in place before registration and bidding on the auction and no later than 24 hours prior to auction close.
NEW DATA, CORRECTIONS, AND CHANGES:
The Auction Company will notify all registered bidders of any changes, corrections, or additions to the property information.
DISCLAIMER & ABSENCE OF WARRANTIES:
The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation either expressed or implied concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. All decisions of the Auction Company are final. Any dispute between auctioneers and buyers will be dealt with through arbitration in Brown County, WI. By bidding on the property at auction, buyer agrees to all terms and conditions set forth.
Each buyer is responsible in conducting their own due diligence on the property before bidding.
Participating in this auction requires that you agree to the
full Terms & Conditions listed in the Registration Process.
ANY ANNOUNCEMENTS MADE BY THE AUCTIONEER during the SALE TAKE PRECEDENCE OVER THIS PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.
In the event of failure of the online bidding system or other technical failure, Bid To Buy Auctions reserves the right to cancel and/or reopen the auction.
By signing up for this auction you give Bid To Buy Auctions permission to add your name to their mailing list. You may unsubscribe at any time.