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This is a 3 bedroom residential property on 5.909 acres with one 30x40 pole building & two outdoor sheds being sold at ABSOLUTE Public Auction with a buyer’s premium of 10%.
The high bid plus buyer’s premium will constitute the total purchase price. The winning bidder will then deposit 10% of the total purchase price as a non-refundable down payment to the Ohio Real Estate Auctions, Real Estate Broker. Down payment will be given back to the buyer when said buyer closes within the terms of this contract. Every prospective bidder must sign a letter of “irrevocable instruction” which defines that all deposits are non-refundable. Each registered bidder must deposit their down payment with a personal or business check made payable to Ohio Real Estate Auctions., have a State issued photo Identification and register by signing the “Auction Registration Form” and “Terms & Conditions Form”. Auctioneer may make changes to terms and condition within his/her fiduciary responsibility to the seller (client), in the best interest of the client. If changes are made, they must be reduced to writing and signed by both parties, (buyer and seller). If the high bid is $150,000 the buyer’s premium is $15,000 and the total purchase price is $165,000. Therefore the non-refundable down payment is $16,500.00. The winning bidder may ask for an extension and if agreed by the seller will pay a $200 per diem.
Once a bidder has met the requirements to bid and then becomes the winning bidder (he/she) will sign all necessary contracts and submit a personal/business check for the necessary down payment. The winning bidder(s) will then have 30 days from the live auction event to successfully close the transaction with FirstAmerican Title Insurance Company.
Real Estate agents that want to be eligible for representing a prospective bidder and the subsequent co-op commission 2.0% must register their contracted client at least 24 hours prior to the live event by faxing or scanning & emailing a signed Agency Disclosure Statement to John Rogers at fax - 614 635-2652 or john@irsauctioneer.com
Lot Size: 5.909 acres, 3 bedroom, 2 full baths, 3 car garage, 1 pole building (30x40), 2 sheds, 1 large great room.
Annual Taxes: $ 1,819.00
Property Map
Basic Terms:
Sells Regardless of Price to the Highest bidder with no minimums or reserves. 10% of total purchae price down by cash or check which will become your non refundable deposit. The real estate is sold As Is with no contingencies. All inspections must be done prior to Auction. Close within 30 days. A 10% buyer's premium will be added to the high bid to obtain the final contract selling price. Short tax proration applies. Buyer pays all closing costs. General warranty deed given at closing with no liens.
Deposit and Closing:
Winning bidder to close the transaction within 30 days of the live auction event.
Realtor Participation:
Realtor showings and cooperation are encouraged. For full compensation instructions, see Realtor Registration form attachment. Please call Auctioneer to schedule all showings.