This is an ONLINE PUBLIC REAL ESTATE AUCTION...it is NOT a foreclosure auction. $11,000 minimum opening bid. 10% buyer's fee or $2,500 (whichever amount is higher). $3,000 non-refundable earnest money (certified funds or cash) required by 2:00 P.M. the Tuesday following the auction (Tuesday, December 17, 2019) at the Beloit Auction & Realty Inc. office - 534 W. Grand Avenue, Beloit, WI. Property offered as is with no contingencies. Successful bidder will be required to sign a standard offer to purchase at that time. Balance due at closing on or before January 16, 2020 (certified funds or cash). In the event the successful bidder does not meet the earnest money deadline, he/she will forfeit bidding rights to the property and his/her credit card required to register will be charged the stated earnest money amount as forfeiture fee. Closing paperwork will be handled/completed by Brabazon Title Company, Inc. in Beloit, WI.
Beloit Auction & Realty Inc. represents the Sellers only and does not inspect properties on bidder’s behalf. Buyers must conduct their own due diligence and investigation of each property and must also investigate the suitability of each parcel prior to making a bid and purchase at the auction. All dimensions regarding this property are approximate.
Although not required, if a buyer chooses to work with a real estate broker/agent, that broker/agent must complete the "Broker/Agent Co-Broker Acknowledgement Form." In order for the broker/agent to be compensated, this form must be completed and submitted no later than 72 hours prior to the auction and all terms adhered to. Find this form at: https://www.beloitauction.com/learn/brokers-agents/
Beloit Auction & Realty cannot, and will not, be held responsible for any interruption in Internet, website, or online auction bidding platform service, errors, and/or omissions, caused by any means and does not guarantee continual, uninterrupted or error free service or use of our website or online auction bidding platform service. You are advised to bid early instead of waiting until the auction starts to close to ensure your bid is taken. Bidder acknowledges that this auction is conducted electronically and relies on hardware and software that may malfunction without warning. Beloit Auction & Realty, in its sole discretion, may void any sale, temporarily suspend bidding and re-sell any item/lots that were affected by any malfunction. The decision of Beloit Auction & Realty is final.