Past Auction Details

Make the Auction Method of Selling your FIRST Choice!

Bidding Starts

Sat, Nov 12, 2016 1:00PM CST

Type

Live Auction

Schedule

Nov 12 - Nov 12, 2016

Oct 29, 2016 from 1:00PM-2:00PM
Nov 05, 2016 from 1:00PM-2:00PM

Featured Items

Location

2223 Colorado Avenue
Rockford IL 61108
Harrison Avenue to North on Colorado Avenue, located just north of Wesleyan Avenue

Gallery

Documents

Info

REAL ESTATE AUCTION!
2223 Colorado Avenue
Rockford IL


Easy home ownership - 3 bedroom ranch home with heated garage in convenient location with schools nearby. Vinyl & brick exterior - lower level family room has fireplace - central A/C- fenced back yard. $29,000 minimum opening bid.

Auction Date:
Saturday November 12th
 1:00 PM
ON SITE


Opening Bid $29,000


PREVIEW:

Saturday October 29th
1:00 PM - 2:
00 PM
Saturday November 5th
1:00 PM - 2:00 PM


Terms: 10% buyer’s fee. $3,000 earnest money due date of Auction. Balance due at closing within 30 days. Property offered as is with no contingencies. Successful bidder will be required to sign a standard offer to purchase. Opening Bid $29,000.


BELOIT AUCTION & REALTY, INC.
534 W. Grand Avenue, Beloit WI 53511
877.364.1965
Richard Ranft, CAI, GPPA, AARE, REALTOR
Registered Wisconsin Auctioneer #237
IL #441.001071

Catalog

Terms

ADDENDUM A
TERMS & CONDITIONS AGREEMENT FOR REAL ESTATE AUCTION
Auction Property Address:
2223 Colorado Avenue, Rockford IL

1. All bidders are required to register and give full identification prior to the beginning of the auction. Number system to be used.

2. The property will be offered in its “AS IS” condition with any and all faults. The buyer acknowledges that he/she has inspected the property and accepts it in its “AS IS” condition.

3. This is a 10% Buyer Fee Auction. The high bid plus a 10% Buyer Fee shall equal the total purchase price. Opening Bid $29,000.

4. The successful bidder must make a $3,000 down payment of earnest money on Auction day. Payment may be made in cash or personal check.

5. Earnest money deposit is non-refundable if offer is accepted by seller and will be applied to the purchase price at time of closing. Buyer agrees to close and the balance of the purchase price shall be due and payable at closing on or before December 12, 2016.

6. If seller does not accept offer, all earnest money paid hereunder shall be returned to buyer.

7. All announcements made on Auction day may supersede any published or previously announced terms and conditions.

8. Seller to provide title insurance.

9. Beloit Auction & Realty, Inc represents the Seller only and does not inspect properties on bidder’s behalf. Buyers must conduct their own 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. Buyers must rely solely upon their own investigation and not any information provided by the Seller or Auctioneer. Failure of Buyer to be fully informed on the condition of a property will not constitute grounds for any claim adjustment or right to cancel sale.

10. If Buyer is a winning bidder and refuses or fails to complete the transaction for ANY reason (including, but not limited to, remitting the total purchase amount), Buyer shall relinquish ANY right to complete the transaction and shall have no rights or interest in the property, as well as forfeit all deposit monies as liquidated damages to Seller. PLEASE BE ADVISED: Various state statutes give Seller the right to pursue legal action against bidders who refuse to complete transactions. This may include (but is not limited to) suit to compel completion of the sale, and/or criminal charges of fraud or other intentional act.

11. Bidder agrees to the above terms and conditions of the auction prior to receiving a bid card. These terms and conditions are made part of the offer to purchase.

Buyer(s) Signature _______________ _______________Date________

Agent(s) Signature _______________ ______________Date________