AUCTION TERMS 1108 N. Main St., Dix, Illinois
Sale Method: Property to be offered at reserve auction. REserve is ONLY $10,000.00
Survey: No survey is provided
Possession: At closing
Taxes: Prorated to date of closing
Financing: Sale is NOT contingent on financing Make arrangements prior to bidding. THIS MEANS ALL INSPECTIONS, APPRAISALS OR ANYTHING ELSE LENDER REQUIRES MUST BE DONE PRIOR TO BIDDING. ONCE PROPERTY IS SOLD, WINNING BIDDER IS EXPECTED TO FOLLOW THROUGH OR LOSE EARNEST MONEY. PLEASE BID ACCORDINGLY.
Registration: In order to bid, potential bidders must provide bank letter of guarantee or verification of funds via email to Kdauctionservice@hotmail.com, YOU MAY PROVIDE A PRE-APPROVAL LETTER. Contact auction company with any questions.
Buyer’s premium: A 10% buyer’s premium will be added to high bid to become total contract price.
Earnest Money and Purchase agreement: Immediately following the close of bidding, the approved high bidder will deposit by wire transfer to Kim Duncan Auction & Realty, $1,000 earnest money and sign a purchase agreement with the seller via electornic signature or in person. In the event wire is not received by Monday August 21 close of business, it will be assumed buyer has defaulted and forfiets their right to purchase the property, allowing it to be sold to another party. Balance due at closing no later than 45 days after signing of contract. In the event of default by the buyer, earnest money will NOT be refunded.
Conditions and Easements: Sale is subject to all easements, covenants and restrictions on record.
WASHER AND DRYER DO NOT STAY WITH HOUSE
Kim Duncan Auction & Realty and Kim Duncan Auctioneer are agents for the Seller only.
Disclaimer and Absence of Warranties
All information contained herein and all related materials are subject to the terms and conditions outined in the agreement to purchase. Announcements made by the auctioneer at the time of the sale will take precedence over any previously printed material or any other oral statement made. The property is being sold As-Is Where-Is and no warranty or representation, either expressed or implied, concerning the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries and due diligence concerning the property. The information provided is believed to be accurate and true, but is subject to verification by all partied relying on it. No liablilty for its accuracy, errors or omissions is assumed by the auction company or its agents. Conduct at the auction and increments of bidding are at the direction and discretion of the auctioneer. The seller and auction company reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, etc. All decisions of the auctioneer are final and all announcements made day of sale by the auctioneer take precedence over printed material or spoken information made prior to sale.
THIS IS A FIXER-UPPER HOUSE. SELLER NOR AUCTIONEER MAKE ANY GUARANTEES. BUYER IS RESPONSIBLE FOR INSPECTING THE PROPERTY PRIOR TO BIDDING.
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