224 Fowlkes Sealy, TX-LIVE AUCTION 10/20/2018

Real Estate Bid Sales

 

Date(s) 8/30/2018 - 10/20/2018

LIVE AUCTION ONLY on site at 224 Fowlkes Sealy, TX on 10/20/2018 at 11am

Past Auction
Bidding Notice:

LIVE AUCTION ONLY

Auction Information
Name 224 Fowlkes Sealy, TX-LIVE AUCTION 10/20/2018
Auctioneer
Date(s) 8/30/2018 - 10/20/2018
Auction Date/Time Info
LIVE AUCTION ONLY on site at 224 Fowlkes Sealy, TX on 10/20/2018 at 11am
Preview Date/Time Call Roger to preview 979-830-7708
Checkout Date/Time N/A
Location
Buyer Premium 10% Buyer's Premium
Description
**LIVE AUCTION TO BE HELD ON October 20, 2018, 11am**Former successful grocery and convenience store with check cashing business in historic downtown Sealy. Includes fixtures, equipment, and meat market equipment-all the tools necessary to start your own profitable business. Due to health reasons the current owner wants to sell and give a new buyer an opportunity to expand a business in the growing Sealy area. Sealy is located about 50 miles west of Houston on I-10 and is experiencing tremendous economic growth. Building is on two lots with frontage on Fowlkes Street and has rear alley access. The total building area (according to 2017 appraisal) indicates 8,904 square feet of space including retail on the first level, warehouse storage in the rear and residential loft upstairs. This floor plan gives the new owner the opportunity to finish out the residential area upstairs and continue the store business and expand or lease the open retail space or offices. The downtown area of Sealy is thriving with clubs, restaurant, offices and retail. Walking distance is close to all the downtown activities. AS IS NO CONTINGENCIES. 10% buyer premium, $5,000 cashier's check required to bid. TDLR #16709 For info call Roger Chambers 979-830-7708. For information and terms and conditions go to www.rebidsales.com
TERMS & CONDITIONS REBIDSALES INC. PROPERTY OFFERING REAL ESTATE AUCTION 224 FOWLKES STREET SEALY, TEXAS 77474 Procedure: The property will be offered for sale via the RE BidSales process with LIVE AUCTION to be held on site on October 20, 2018 at 11am. $5,000 Cashier's Check required to bid. Earnest Money: 10% of High Bid Price is due immediately from successful bidder and acceptance by seller payable to All Texas Title Inc. Company. Remaining balance of High Bid Price is due at closing. Bid Acceptance: Property is being sold with reserve. Successful Bidder shall immediately sign Purchase Contract to be presented to Seller. All bids are subject to seller approval. Seller reserves the right to accept, reject or counter offer any bid and reserves the right to withdraw the property from the auction at any time. Property is being sold "AS IS" with NO contingencies. Obtaining financing is the sole responsibility of the Buyer and contract is NOT contingent upon financing or any other contingencies. Buyers Premium: A Buyer's Premium, totaling 10% of High Bid Price is due upon acceptance of bid and made payable to Real Estate Bid Sales and is non-refundable except in the instance of title defects by seller. If seller is unable to provide the warranty deed and title as provided in the contract the buyer's premium will be refunded to buyer. Closing: Closing shall take place on or before Oct. 31, 2018. Possession: Possession shall be given to buyer at closing and funding. Title/Survey: Seller shall furnish title according to exceptions listed in contract and title insurance policy and will provide a warranty deed and existing survey. All fixtures and equipment will be sold via bill of sale. Taxes: Taxes payable for current year shall be paid and or prorated at closing. Any past due taxes will be paid at seller's expense at closing. Agency: Real Estate Bid Sales, Inc. or Market Realty Inc .and its representatives are listing agents of the Seller and reserve the right to act as intermediary with buyer and seller approval. Cooperative Brokers who represent the Buyer and register the buyer before the bid deadline will be paid a 2% commission of the high bid price at closing from RE Bid Sales Inc. Co broker must register by completing the section below. No commission will be paid to any agent acting as a principal in the transaction. No exceptions. Property Condition & Inspection: Property is being sold "as is, where is", and buyer accepts the property in its current condition with all faults or conditions and seller, sellers agents or representatives, RE BID Sales Inc or agents make no representation as to the condition or suitability of the property for any purpose. Buyers are encouraged to inspect property prior to submission of bid. Buyers assume risk of doing so. Additional Items: Acceptance of terms and conditions by buyer. No bids will be accepted unless terms and conditions have been signed and agreed by buyer. ________________________________________________ Buyer Date ________________________________________________ Buyer address phone email _______________________________________________ Co Broker/Buyers agent Date _______________________________________________ Co Broker address phone email Listing Broker: REBidsales Inc. 979-830-7708 rchambers@rebidsales.c
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 95.00 5.00 USD
95.01 - 975.00 25.00 USD
975.01 - 9,750.00 250.00 USD
9,750.01 - 97,500.00 2,500.00 USD
97,500.01 - 9,999,999.99 10,000.00 USD
Currency USD
Buyer Premium 10% Buyer's Premium
Payment Terms
REAL ESTATE AUCTION 224 FOWLKES STREET SEALY, TEXAS 77474 Procedure: The property will be offered for sale via the RE BidSales process with LIVE AUCTION to be held on site on October 20, 2018 at 11am. $5,000 Cashier's Check required to bid. Earnest Money: 10% of High Bid Price is due immediately from successful bidder and acceptance by seller payable to All Texas Title Inc. Company. Remaining balance of High Bid Price is due at closing. Bid Acceptance: Property is being sold with reserve. Successful Bidder shall immediately sign Purchase Contract to be presented to Seller. All bids are subject to seller approval. Seller reserves the right to accept, reject or counter offer any bid and reserves the right to withdraw the property from the auction at any time. Property is being sold "AS IS" with NO contingencies. Obtaining financing is the sole responsibility of the Buyer and contract is NOT contingent upon financing or any other contingencies. Buyers Premium: A Buyer's Premium, totaling 10% of High Bid Price is due upon acceptance of bid and made payable to Real Estate Bid Sales and is non-refundable except in the instance of title defects by seller. If seller is unable to provide the warranty deed and title as provided in the contract the buyer's premium will be refunded to buyer. Closing: Closing shall take place on or before Oct. 31, 2018.
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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.