Auction Terms & Conditions UNDER CONTRACT PRIOR TO AUCTION - AUCTION CANCELLED
The property will be sold ABSOLUTE at Public "Online Only - Internet Auction", ending Thursday October 29, 2020 at 2:00pm (soft close)
The property will be sold ABSOLUTE with no minimum no reserve.
Property sells As-Is with no warranties expressed or implied
The auction is Subject to prior sale (the property can be purchased prior to the end of the auction)
The seller reserves the right to cancel the auction at any time prior to the final bid closing
- 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 10% of the sale price 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 Bethel Title Co. 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 November 30, 2020.
- 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 Warranty 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.
Sellers reserves the right to transfer property via a 1031 exchange using a qualified intermediary.
- Closing shall take place at the office of: John Bethell Title Co. 2626 S Walnut St. Bloomington, IN 47401
- Closing fee will be paid by the buyer.
- Closing will be held on or before November 30, 2020
Possession will be granted at final closing.
The successful Bidder shall execute 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 ad 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.
Seller User Terms
Bidder User Terms