524 Charles St. Reedsburg -Real Estate Auction | Live and Online Auctions on HiBid.com

Attention investors! Two bedroom one bath home with a large lot on Reedsburgs west side. Bring your toolbelt and ideas and make this home your own. Great potential rental or a flip project. Terms: 1. Successful bidder will sign a standard Offer to Purchase form within 24 hours of the close of the auction. The offer will be a cash offer with no contingencies of any kind. 2. Earnest money shall be $5,000 and will be delivered within 24 hours of the close of the auction. If the high bid is accepted, the earnest money will be applied toward the purchase price. If the bid is not accepted, the earnest money will be returned to the buyer. 3. The offer is subject to approval of the owner, who will have until October 31, 2024, to accept, reject, or counter today's high bid. 4. This offer may not be rescinded prior to Midnight of October 31, 2024. 5. In the event of a counteroffer, today's high bidder will be given the first opportunity to accept any counteroffer. 6. A Real Estate Condition Report has not been provided. The buyer is purchasing the property in its "AS IS" condition with all of its faults. No warranties are made as to any mechanical systems, electrical systems, structural soundness, well or septic system, or uses regarding the property. Buyers shall rely entirely on their own inspections of the property and the records. 7. If the offer is accepted, closing will take place on or before November 29, 2024. Occupancy will be given at closing. 8. Real estate taxes will be prorated at the time of closing based on the 2023 taxes which were $1,799.36. 9. A preliminary title policy has been provided by Wisconsin River Title and has been available for review. The buyer accepts the title policy as it reads. 10. A 10% Buyers Premium will be added to the final bid price to determine the actual purchase price.