Past Auction Details

Make the Auction Method of Selling your FIRST Choice!

Bidding Starts

Sat, Jul 8, 2017 11:00AM CDT

Schedule

Jul 08 - Jul 08, 2017

Jun 17, 2017 from 11:00AM-2:00PM
Jun 24, 2017 from 11:00AM-2:00PM

Jul 08, 2017 from 11:00AM-12:10PM

Featured Items

Info

Multi-Property Auction to take place at the Beloit Auction & Realty building 534 W. Grand Ave. Saturday July 8th beginning at 11 AM
Properties to include
1513 Porter Ave., Beloit WI -$9,000 Opening Bid
   923 Randall St., Beloit WI-$13,000 Opening
Bid
942-944 6th Street, Beloit WI --$59,000 Opening Bid
363 W. Grand Ave., Beloit WI --$24,000 Opening Bid
1302 Vine St., Beloit WI --$26,000 Opening Bid
924 Ingersoll Place, S. Beloit IL --$16,000 Opening Bid

Catalog

Terms

10% buyer's fee Auction. $1000 earnest money required day of sale. 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. $13,000 to $59,000 opening bid depending on property 
ADDENDUM A
TERMS & CONDITIONS AGREEMENT FOR REAL ESTATE AUCTION
Auction Property Address:
Each property will have it's own terms and conditions. Property Address________________________________________________

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 $___________________

4. The successful bidder must make a $1,000 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 August 8th, 2017.

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________