TIME AND PLACE OF AUCTION: The Auction will be held Off-Site at Kalahari Resorts (7000 Kalahari Dr. Sandusky OH 44870). On-Line Bidding Available @ www.DuttonAuctions.com. ON-LINE Bidding to begin on Sept. 8 and LIVE Bidding will begin on Oct. 2 @ 11 am.
AUCTION FORMAT: All bidding is live, open, and public. To bid during the auction, you need only raise your hand, shout out your bid or instruct an Auctioneers Assistant call out your bid for you, or bid online @ www.DuttonAuctions.com.
REQUIREMENTS OF THE SUCCESSFUL HIGH BIDDER: Upon completion of the bidding, the high bidder for each parcel will be required to immediately tender a certified or cashier’s check or approve d company or personal check in amount of $10,000 as initial earnest money made payable to: ACT Title Agency, as escrow agent, and sign the Auction Purchase Agreement The balance of required earnest money down payments to be increased to $45k for Parcel #1, $35k for Parcel #2, $15k for Parcel #3 and to be made by bank wire within 72 hrs of seller acceptance. Earnest money to be increased to 10% of total auction purchase by Oct. 29.
BUYERS PREMIUM: The auction purchase contact shall provide that the purchaser pays a buyer’s premium of 8%. This amount is added to the high bid amount and inserted in the auction purchase contract as the total purchase price. Financing, if any, is calculated on the Total Purchase Price.
CLOSING PROCEDURE: Escrow services to be provided by ACT Title Agency, a division of Chicago Title (440-846-0919). Earnest money to be increased to 10% of total auction purchase by Oct. 29. Closing shall occur on or before Nov. 24 2021.
POSSESSION OF PROPERTY: Possession shall be given to purchaser at closing.
AGENCY DISCLOSURE: All licensees associated with the Broker represent the seller in the sale of this property.
BROKER PARTICIPATION: A referral fee equal to 1% of the high bid price will be paid by the seller from the sellers proceeds of sale to the Real Estate Broker acting as a buyer broker, whose client pays for and closes on the property. To qualify for the referral fee, the real estate agent must: (a) be a licensed real estate broker who will abide by the Association of Realtors Code of Ethics; (b) register the client by requesting and completing an Auction Registration form; (c) inspect the property with their prospect (d) attend the auction and bid with or for the client. All Registrations accepted will be acknowledged by Auctioneer NO LATER THAN SEPT 25, 2021. Referral fees will be paid upon closing by the seller and receipt of all commissions by Auctioneer. No referral fees will be paid by Seller, if the broker, the broker’s agent, or a member of the broker’s immediate family is participating in the purchase of the property. An affidavit will be required certifying that the broker is not participating in any way as a principal. No sub-agency shall be offered to any broker by Auctioneer. There can be no exceptions to this procedure and oral registrations will be accepted.
CONDUCT OF THE AUCTION: Announcements made at the time of the auction from the podium take precedence over all printed material. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. Seller and auctioneer reserve the right to refuse admittance to or expel anyone from the auction premises for interference with auction activities, nuisance, canvassing, soliciting, or other reasons.
NO WARRANTIES: This property is being sold “AS IS”, “WHERE IS”, without any representation or warranty of any kind being made by the sellers or Auctioneer/Brokers, or by any other cooperating realty firm. All information in this brochure, any advertising, or in any other written form has been taken from sources believed to be accurate and reliable, but is not guaranteed.
PLEASE NOTE that this property is not being sold subject to financing. This means that, before you bid at the auction, you should have enough cash reserves to close the purchase, financing should be pre-arranged, or that you should be absolutely sure that you can qualify for financing. If you do not have the cash, or if you are not sure you can obtain financing, it is recommended that you do not bid. Any property may be withdrawn, canceled or subject to sale prior to the auction without any further notice, subject to auction day announcements. The following contained in this brochure is subject to inspection and verification by all parties relying on it. Any desired inspections must be completed prior to the commencement of the bidding. The seller or their representatives assume no liability for its inaccuracy, errors or omissions.
AUCTIONEER: Jared Dutton, AARE / DuttonGroup@KWCommercial.com
BROKER: Joel Dutton, OH-FL Broker / jdutton@duttonregroup.com
Keller Williams Commercial—Legacy Group Realty
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