June 21st Absolute Real Estate Auction Warsaw NY

Bid-N-Buy Realty & Auctions, Inc.

 

Date(s) 4/11/2021 - 6/21/2021

Online only auction ends Monday June 21st soft close. What does ‘soft close’ mean? A soft close prevents individuals from entering a bid at the very last second before an auction closes with the intent to prevent others from bidding higher. Soft close time is set to 10 minutes.

Past Auction
Online-Only Auction
Shipping Not Available
Bidding Notice:

Please note that all bids are legal and binding. Make sure to attend the open house and inspect the property and review all the terms and conditions.

Auction Notice:

Open House Wed. May 26th 4-6PM Open House Sat. June 5th 9am - noon Open House Monday June 14th 4-6 pm You must show proof of funds prior to bidding on this property.

Auction Information
Name June 21st Absolute Real Estate Auction Warsaw NY
Auctioneer
Type Online-Only Auction
Date(s) 4/11/2021 - 6/21/2021
Auction Date/Time Info
Online only auction ends Monday June 21st soft close. What does ‘soft close’ mean? A soft close prevents individuals from entering a bid at the very last second before an auction closes with the intent to prevent others from bidding higher. Soft close time is set to 10 minutes.
Preview Date/Time Open house: Wednesday May 26th - 4:00 to 6:00 PM Sat. June 5th - 9:00 to Noon Monday June 14th 4:00 to 6:00 PM
Checkout Date/Time Paperwork and a $3,000 non refundable deposit must be made within 24 hours of the auction close.
Location
Buyer Premium 10% buyers premium added to final bid
Description
This 1885 sq. ft. 4-5 bedroom, 2 bathroom home with 2 car attached garage sets on an 86' X 242' parcel of property located in the Village of Warsaw, NY. Property will be sold to the highest bidder with no minimum and no reserve with ONLINE BIDDING ONLY. Property has an assessed value of $110,100.00. The utilities include public water, sewer, electric and natural gas. Property will sell with good and clear title and updated abstract. (No liens or encumbrances) The home will need repairs and updates. The home has a vinyl & brick exterior, block foundation, mostly copper plumbing, asphalt roof (some repair needed), fused 150 amp electric panel, electric hot water heater and natural gas furnace. Make a point to come to the open house to view this property. Bidders must furnish proof of funds 24 hours prior to close of bidding. Contracts must be signed by Tuesday June 22nd at 5:00 PM along with a $3,000.00 non refundable deposit. Please give our office a call with any questions you may have regarding this property. - There is no minimum and no reserve on this parcel of property. The highest bidder with approved financing will own this property. Call 585-737-8705 - Please read the Terms & Conditions prior to bidding.
Terms: This parcel of real estate will be offered for sale in "As-Is" condition and sells as described by the Wyoming County Tax Map. (No survey will be provided.) Any and all required permits and repairs will be the sole responsibility of the Buyer. The Seller will provide good and clear title to the property, updated abstract and all taxes will be paid to date of closing. (No liens or encumbrances) There will be a 10% Buyer Premium over and above the final bid to determine the final purchase price. Within 24 hours of acceptance of the highest bid the Buyer must sign the real estate contracts and provide a non-refundable deposit of $3,000.00 which will be credited to the buyer toward the final purchase price. Closing to take place in approximately 60 days or as agreed by the closing attorneys. The Real Estate sells in AS-IS condition with no contingencies or warranty of any kind. All Bidders must provide a proof of funds letter or bank letter of credit 24 hours prior to close of bidding. Any partty represented by a RE Boker must provide a Buyer Broker contract prior to bidding or the contract will be considered null and void. The RE agent must escort the Buyer to any open house. (As a Realtor you can only represent one client, not multiple clients.) Please make a point to come to the open house to view the property so you understand what you are buying.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.00 100.00 USD
9,999,999.01 - 9,999,999.99 100.00 USD
Currency USD
Buyer Premium 10% buyers premium added to final bid
Payment Terms
Buyer must come to Bid-N-Buy Realty & Auctions office, located at 5893 School Rd. Castile, NY 14427, with a non-refundable deposit of $3,000.00 within 24 hours of the auction close. Contracts must be signed by Tuesday June 22nd by 5:00 PM. If you are not able to complete these tasks please call our office PRIOR to bidding. 585-493-5837
There will be no shipping at this auction. Thank you
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.