**NOTE: EACH BUYER MUST FULLY READ THE TERMS & CONDITIONS OF THIS AUCTION. BY REGISTERING TO BID, BIDDERS ARE AGREEING TO SAID TERMS & CONDITIONS.**
Terms & Conditions:
On-Line Only Auction: Online from 12:01 p.m., June 3, 2024 to 7:00 p.m., June 17, 2024. Please note: With online bidding, we will be utilizing a soft close which means if anyone bids with a minute or less remaining, the auction will continue until no more bids are received.
Property Address is: 11635 Dumfries Avenue, Council Bluffs, IA 51503
Registering to Bid: Prospective Buyers register to bid by going to Menke-Auction.hibid.com and when successfully registered they agree to all the Terms and Conditions of the Auction. Prospective Buyers must be registered online by no later than 5:00PM on Sunday, June 16th to ensure bidding approval.
Opening Bid/Reserve: The opening bid is $300,000 and will sell without reserve once that bid or hgiher has been received.
Purchase Agreement: Successful bidder will enter into a purchase agreement immediately after being declared the winning bidder by the Auctioneer. PLEASE NOTE: The purchase agreement will offer NO CONTINGENCIES: for financing, property condition, or any other alterations to the agreement. Property is being sold "AS IS". Prospective Buyers are urged to inspect the property prior to the auction date to their own satisfaction.
Earnest Deposit: Successful bidder will provide a $25,000 Earnest Deposit on the day of the auction with the balance due at closing. Earnest deposit will be held in the Trust Account of Ambassador Title Services.
Title Insurance: Title Insurance provided through Ambassador Title will be used to provide Free & Clear title to the property, with the cost of the Title Insurance to be split 50/50 between the Buyer and Seller.
Taxes: Taxes will be prorated to the date of closing.
Closing: Closing to be on or before July 21, 2024. Closing to be conducted by Ambassador Title
Services with the cost to be split 50/50 between the Buyer and the Seller.
Possession: Possession will be conveyed at Closing.
Easements: Sale is subject to all Easements and Right of Ways of record.
Agency: Menke Auction & Realty and their agents are acting as Exclusive Agents for the Sellers or Dual Agents with a signed Dual Agency Agreement.
All information is from sources deemed reliable by Menke Auction & Realty, however no
guarantee or warranty to its accuracy is given. Buyers are encouraged to research any information to their own satisfaction. All statements on the day of the auction take precedence over all printed material.
This is an INTERNET ONLY AUCTION. All bidding activity will take place online.
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