170418 ~ Manufactured Home On Approximate 1 Acre Lot

Joe Ollis Auction Service LLC

 

Date(s) 3/23/2017 - 4/18/2017

Online Only Auction Ending on April 18, 2017 @ 7:00 P.M.

Past Auction
Online-Only Auction
Bidding Notice:

This is an online only auction. ALL bidding will take place online.

Auction Information
Name 170418 ~ Manufactured Home On Approximate 1 Acre Lot
Auctioneer
Type Online-Only Auction
Date(s) 3/23/2017 - 4/18/2017
Auction Date/Time Info
Online Only Auction Ending on April 18, 2017 @ 7:00 P.M.
Preview Date/Time By Appointment 1-800-272-9791
Checkout Date/Time N/A
Location
Buyer Premium 10% Buyers Premium on all Items
Description
Online Only Real Estate Auction. 3 Bedroom Home On Approximate 1 Acre Lot. Checkout this 1989 mobile home nestled off of Old Cape Rd on Fair City. This property is near the Shawnee National Forest yet close to Anna-Jonesboro and Cape Girardeau, MO. 1,680 Sq.Ft. Mobile Home on Approximately 1 Acre Front Family Room Addition in 2010 2-3 Bedrooms & 1 Full Bathroom Large Eat-In Kitchen, Utility Room, & Bonus Room That Could Be A 3rd Bedroom Central A/C, Gas F/A Heat, Spring Fed Water, Septic System Call for Auction Company for a showing (618)833-2227
"ONLINE ONLY" REAL ESTATE BIDDING AUCTION TERMS AND CONDITIONS REGISTRATION: Proper and complete online registration is required to bid. All bidders must provide name, address, phone number, and email address to register. A credit card is required to actually place a bid on the property. The credit card will be validated before bidding access is granted, but is not a recognized form of payment of the deposit or purchase price. Should a Winning Bidder fail to complete the contract signing process, the required deposit plus a 10% Buyer's Premium will be charged to the credit card provided at registration. By registering, all bidders acknowledge having read and agree to be bound by the Auction Terms and Conditions. Bidders may register prior to, or during the bidding period. At registration bidders are given the option of receiving emails confirming their individual bids and/or when they are outbid. BIDDING ONLINE: The only way this property may be purchased is via online bidding during the published bidding period. (If you need assistance placing a bid or prefer to submit a bid in person, please call our office for assistance. 618-833-2227) To place a bid, bidders enter their "maximum" bid and click the "Place Bid" button. Each time that bidder is outbid by another bidder, the system will automatically bid on their behalf at the established bid increments up to their maximum. In the case of an auction with a reserve, if the max bid amount entered is less than the reserve, the system will place the bid at the max amount. Once the reserve is met, then the system will advance the bid (by the bid increments) only when the bidder is outbid by another bidder, up to the bidders max. The system will not advance a bidder's own bid. Online-only auctions utilize the "Soft Close" feature that automatically extends the bidding time if a bid is received in the last 2 minutes of the published bidding period. The extensions will continue until 2 minutes have lapsed without any bidding activity, at which time the auction is concluded. BUYER'S PREMIUM: A buyer's premium of ten percent (10%) of the high bid shall be added to that bid and included in the total purchase price to be paid by the successful bidder(s). Please take this into consideration when bidding. Sample calculation High bid = $100,000 Buyer's Premium = $ 10,000 (10% of 100,000) Total contract price = $110,000 FINANCING: Financing is not a contingency of sale in this offering. Therefore, it is strongly recommended that potential bidders ensure in advance that they are able to obtain the necessary financing to close the transaction. CONTRACT SIGNING: The Auctioneer or his representative will contact the Winning Bidder the following morning to establish a meeting time. In any event, the contract signing and deposit payment process must be completed by close of business on the day following the auction conclusion. A Winning Bidder whose documents and deposit are not received within the required timeframe is subject to paying a liquidated damages amount equal to the down payment (charged to the credit card used at registration) and will not be allowed to bid in any future Joe Ollis Real Estate & Auction, LLC auction events. Note that property-specific purchase documents are available prior to the auction end date and any professional reviews of such documents should be undertaken PRIOR to bidding. All final bids are subject to Seller's reserve, unless advertised otherwise. Any property with a high bid exceeding the Seller's reserve will be declared "sold" by the Auctioneer. In instances where the seller's reserve was not met in the auction, the signed contract and accompanying deposit will be presented to the Seller for approval, which shall be given or denied in the Seller's sole discretion within 5 business days. If approval is denied, all documents and the deposit will be returned immediately. DOWN PAYMENT (DEPOSIT): The Winning Bidder shall be required to make an earnest money down payment in the amount of $1,500. This deposit must be paid by close of business the day following the bidder being declared the Winning Bidder. Winning Bidders whose documents and deposit are not received within the required timeframe are subject to paying a liquidated damages amount equal to the down payment (charged to the credit card used at registration) and will not be allowed to bid in any future Joe Ollis Real Estate & Auction, LLC auction events. CLOSING: The Winning Bidder shall close on or before May 18, 2017 unless prior arrangements have been made. EVIDENCE OF TITLE: Seller shall furnish at seller's expense an Owner's Policy of Title Insurance in the amount of the total purchase price and shall execute a general warranty deed conveying the real estate to the buyer(s). Seller shall also pay applicable taxes to the State of Illinois. Buyer is responsible for paying for the search on themselves and applicable taxes to the State of Illinois. REAL ESTATE TAXES & ASSESSMENTS: 2016 taxes are to be prorated as of the closing date, based on the latest tax bill. Back taxes if any will be paid by the seller. EASEMENTS AND LEASES: Sale of said property is subject to any and all easements of record and any and all leases. There are not any 2017 leases. AGENCY: Joe Ollis Real Estate & Auction, LLC and its representatives are Exclusive Agents of the Seller. BROKER PARTICIPATION: A commission of 20% of the auctioneer's commission will be paid to any properly licensed Broker who registers a successful buyer according to the appropriate Broker Participation Agreement. This form is available from the Auction Company and must be completed and returned no later than 48 hours prior to the auction end date. DISCLAIMERS AND ABSENCE OF WARRANTIES: The information in the auction advertising was obtained from sources believed to be accurate, but is subject to verification by all parties relying on it. All sketches and dimensions are approximate. No liability for its accuracy, errors or omissions is assumed by the Seller or the auction company. All bidders are responsible for conducting their own inspections, investigations, inquiries and due diligence concerning the property. The property is being offered on an "AS IS", "WHERE IS" basis and no warranty or representations, expressed or implied, is made by the Seller or the auction company. All information contained in the advertising and all related materials are subject to the terms and conditions outlined in the purchase agreement. This property is available for and subject to sale prior to auction. PRE-AUCTION SALES: As exclusive agents for the Seller, the Auctioneer has a fiduciary obligation to present any and all offers to the Seller. Therefore, all properties are subject to pre-auction sales. Pre-auction offers must meet all auction terms and be submitted to the Auctioneer on the Real Estate Sale Contract along with the required deposit. Properly submitted offers will be presented to the Seller, who may accept or reject such offer in their sole and absolute discretion. MINERAL RIGHTS: Auction shall include 100% of the Mineral Rights owned by the Seller, if any. BIDDER REPRESENTATION: Bidder represents and warrants that bidder is of legal age, has full legal capacity and authority to understand, execute and deliver this bidder's statements and Real Estate Terms and Conditions on bidder's or an entity's behalf, if any. All information contained in the auction brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 20,000.00 500.00 USD
20,000.01 - 9,999,999.99 250.00 USD
Currency USD
Buyer Premium 10% Buyers Premium on all Items
Payment Terms
Currency : USD Buyer Premium : 10% of the High Bid Payment Terms : See Terms and Conditions
N/A
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.