ONLINE REAL ESTATE AUCTION TERMS:
1. Immediately following the auction please contact our office at 417-326-2828 to coordinate transmission of contract documents and down payment.
2. A down payment will be required NO LATER THAN FRIDAY, MAY 31, 2024 BY 4:00PM (CST). Internet buyers may hand-deliver down payment funds ON AUCTION DAY or wire transfer funds on Friday. Cash, cashier’s check, personal or business check that is immediately negotiable is satisfactory for the down payment. Your down payment check WILL BE DEPOSITED IN ESCROW and will be applied to the purchase price at closing. Down payment amounts will be made according to the following scale:
300,000 and below………………..10% up $15,000 (Capped)
301,000 – 500,000…………………$25,000 (Flat)
501,000 – 1 Million…………………$35,000 (Flat)
Above 1 Million……………………..$50,000 (Flat)
Purchase of an entire property……5% (Uncapped)
Down payments are non-refundable and failure to close on the purchase will result in forfeiture of the down payment. The balance of purchase price is due in cash at closing. Closing costs will be shared equally between Buyer(s) and Seller.
3. Your bidding is not conditional upon financing, so be sure you have arranged financing, if necessary, and are capable of paying cash at closing within the specified time.
4. The balance of the purchase price is due in cash at closing. Closing costs will be shared equally between Buyer(s) and Seller(s). Closing shall take place on or before Monday, July 15, 2024 at Shell Title Co. located at 818 S. Springfield Ave. in Bolivar, MO.
5. The sale of the real estate is NOT subject to any contingencies or financing
6. The Seller(s) shall provide a title search and a warranty deed. The cost of title insurance shall be at Buyer(s) expense if Buyer(s) elects to secure a title insurance policy.
7. The Seller(s) shall pay the 2023 and all prior year’s real estate taxes; real estate taxes for 2024 shall be prorated to the date of closing.
8. The lot sizes, square footages and dimensions of structures on the properties are those figures that are on file in the Polk County assessor’s office.
9. Possession shall not be granted until closing. No buyer may inhabit any dwelling, make physical changes to any structure or land, harvest any crop nor store any items on the premises of any property.
10. Your bids are to be based solely upon your inspection. All real estate is being sold without physical warranty of any kind. The Seller(s) and the agents of Diamond S Auction & Real Estate Co. shall not assume any responsibility for warranty of any specific zoning classifications, location of utilities, and assurance of building permits, or water and septic permits. No warranties or guarantees as to the condition of the wells on any parcel are made by the Seller(s) or Auction Company. In short, all property is being sold “AS IS” with no guarantees of any kind.
11. All real estate is being sold subject to any existing recorded easements. Existing recorded leases, if any will be assigned to the Buyer(s).
12. At the close of the auction, Buyer(s) will be required to execute an Agreement to Purchase Real Estate and Addendum(s). This agreement is available for your review. The terms of this agreement and addendum(s) are non-negotiable.
13. Diamond S Auction & Real Estate Company, Inc. and its representatives are the exclusive agents of the Seller(s). Any announcements made by the auctioneers during the course of the auction shall take precedence over this and any other printed material.
RESTRICTIONS (Parcel 3)
1. Parcel 1, Parcel 2 (Tract 2), Parcel 3, Parcel 5 & Parcel 7 are subject to certain restrictive covenants which were established by the developer(s). Copies of said restrictions are available for your review.