More Information
Opening bid is $49,000. Bank owned fixer upper, flipper home in Covington KY just over the river from Cincinnati. 2 story, 3 bed, 1 bath, 1 car garage.
Annual Taxes: $ 1,420
Property Map
Basic Terms:
Sells with an opening bid of $49,000. 10% down payment is due by wire, bank transfer, or direct deposit into our trust account. This amount will become your nonrefundable deposit. Contract signature and deposit must be made by 5 PM the day of Auction. 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. Buyer pays all closing costs. Special warranty deed or similar given at closing with no liens or back taxes.
Closing will take place with a title company of the buyer's choice.
Bid increments are $100 up to a bid amount of $100,000 and become $1,000 after $100,000.
When you place a bid, you can either place the minimum required bid or you may place a "Maximum Bid". If you place a maximum bid and hit the submit button, a box will pop up explaining the process and the software will bid for you in the increments stated above. If someone bids within the final 5 minutes of the Auction, the ending of the Auction will be extended by 5 minutes until all bids have been placed.
Deposit and Closing:
will take place with a title company of the buyer's choice.
Realtor Participation:
Realtor showings and cooperation are encouraged. For full compensation instructions, see Realtor Registration form attachment. Please call Auctioneer to schedule all showings.