Lot # : 3 - BROKER REGISTRATION: DUE BY OCT. 19, 2018

Online Only Auction
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Oakfield, NY 14125
Date(s)
10/3/2018 - 10/22/2018
AUCTIONEER INFORMATION
Catalog
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Bidding Notice:

This is an ONLINE ONLY auction. Register to bid by clicking LOGIN/NEW BIDDER at the top of the page. If you are a new bidder, you will be required to enter your email and create a user name and password. You will be asked for credit card information, however your credit card will not be automatically billed. Maximum bids can be left, your you can bid live through the internet. Refresh your ... Show More

Auction Notice:

NOTE: Please ready our terms carefully: Registered bidders will be required to provide proof of funds for purchase by Friday Oct. 19th or bids could be nullified. Successful bidder must be available by phone immediately following the close of the auction. Soft close auction will begin closing at 7 p.m. on Monday Oct. 22nd. Bidding activity in the last 5 minutes will result in an additional 5 ... Show More

Information
Lot # 3
Lead BROKER REGISTRATION: DUE BY OCT. 19, 2018
Description
REAL ESTATE BROKER REGISTRATION Auction Date: Oct. 3-Oct. 22, 2018 Property Address: 106 S. Main Street, Oakfield, NY 14125 Bontrager Real Estate & Auction Service will cooperate with other brokers under the following conditions: o Brokers must register their clients with Bontrager Real Estate & Auction Service before Friday Oct. 19th at 6:00 p.m. o Brokers must register their clients prior to Open House or attend the Open House (or any other preview) with their client. o Broker will act as agent for the buyer in this transaction. o It is understood that Bontrager Real Estate & Auction Service and its employees are exclusive agents for the seller. o Commission to cooperating brokers is 3% of the high bid, unless otherwise specified (calculated on high bid value, not total sale price). Client Name(s):__________________________________________________________ Broker/Salesperson Name: _________________________________________________ Company/Agency Name: ___________________________________________________ Broker/Salesperson Phone: _____________________ email: ______________________ Client acknowledges that the Broker/Salesperson is acting as an agent for the client and has received permission to register as the client's Broker/Salesperson in this transaction. Client Signature(s): _______________________________________________________ Broker/Salesperson Signature: _____________________________________________ Broker Public ID: ___________________ Please return to Bontrager Real Estate & Auction Service by fax (585-343-4530) or email (todd@bontragerauction.com) by Oct. 19, 2018 at 6:00 p.m.
Name ONLINE ONLY REAL ESTATE AUCTION OF COMMERCIAL PROPERTY
Auctioneer
Bontrager Real Estate & Auction
Type Online-Only Auction
Date(s) 10/3/2018 - 10/22/2018
Auction Date/Time Info
Wednesday Oct. 3rd at 6:00 p.m. to Monday Oct. 22nd at 7:00 p.m. (soft close).
Preview Date/Time Saturday October 13th, 11 a.m. to 2 p.m.
Checkout Date/Time Successful bidder will be contacted by phone immediately following the auction.
Location
106 S. Main Street
Oakfield, NY 14125
Buyer Premium 13% credit/debit; 10% cash/check
Description
Online real estate auction of commercial property located at 106 S. Main Street, Oakfield, NY.
-By bidding in this auction, you are consenting to the following terms, so please read carefully: -All potential buyers must register online at bontragerauction.com or bontragerauction.hibid.com and follow instructions for registering. -Registered buyers will be required to forward proof of funds, bank letter of credit, proof of savings or a pre-qualification letter from your bank by Friday Oct. 19 at noon, no exceptions. This can be faxed to Bontrager Real Estate & Auction Service at 585-343-4530 or emailed to todd@bontragerauction.com. Failure to provide this documentation could result in bid nullifcation. -Property will be sold "As-Is". There are no exceptions to this clause, including but not limited to compliance with any local, state, or federal government regulations. Fixtures are sold in "As-Is" condition. No warranties, guarantees, or representations are implied by the seller or seller's agent. -Property sells as per deed description. -Property will be sold subject to the owner's acceptance of the final bid. -10% buyer's premium added to the final bid, resulting in purchase price -Upon acceptance of the final bid, $15,000 deposit is required in cash, or certified bank draft or funds (no personal checks are accepted). -Upon acceptance of the final bid, the contract of sale (which has already been reviewed by the seller's attorney) will be signed by all parties, and becomes a legal binding contract. If a bidder wishes to have attorney approval of the contract, it must be reviewed prior to bidding. The buyer can also elect to waive attorney approval. -Bontrager' Auction Service is exclusive agent for the seller. -Closing to take place approximately 45 days from the auction date. -Buyer shall possess the property at closing. -Property closing is not subject to buyer financing. Any financing must be arranged ahead of time and be ready for closing within the 45 day time frame. -Contract may be canceled by the seller and seller's agent if the buyer does not comply with the terms of the contract. In that case, the buyer will forfeit any deposits and be held liable for any deficiency which may result in a resale of the property. -Cooperating Brokers are protected if they comply with the following: 1. Brokers must register their clients (with client approval) prior to viewing the property. (Broker registration form is found at bontragerauction.com). 2. Brokers must attend the open house (Oct. 13th, 11 a.m. - 2 p.m.) with their client. 3. All brokers must have registered their clients with Bontrager Real Estate & Auction Service by Friday Oct. 19th at 6 p.m.). Commission to cooperating brokers who have met these requirements is 3% of the high bid. -Successful bidder must be available by phone immediately following the auction.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 1,000.00 USD
Currency USD
Buyer Premium 13% credit/debit; 10% cash/check
Payment Terms
Deposit of $15,000 is due at the close of the auction, upon signing the contract of sale, in cash or certified check or bank draft. The balance of the purchase price is due at the time of closing in certified check. The closing of the property will not be subject to arrangement of financing.
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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.