Past Auction Details

Make the Auction Method of Selling your FIRST Choice!

Bidding Starts

Sun, May 7, 2017 1:00PM CDT

Type

Live Auction

Schedule

May 07 - May 07, 2017

Apr 23, 2017 from 1:00PM-2:00PM
Apr 30, 2017 from 1:00PM-2:00PM

Featured Items

Location

517 Bounty Drive NE
Poplar Grove IL 61065
From entrance gate off Hwy. 76 turn right on Lamplighter Loop to right on Galleon Run to right on Atlantic to right on Bounty Drive NE

Gallery

Documents

Info

REAL ESTATE AUCTION!
517 Bounty Drive NE
Poplar Grove, IL


Auction Date:
Sunday May 7th
1:00 PM
ON SITE


Opening Bid $70,000

 


PREVIEW:

Sunday April 23rd 1:00 PM-2:00 PM &
Sunday April 30th 1:00 PM-2:00 PM



Terms: 10% buyer’s fee. $2,000 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 $70,000.

Catalog

Terms

TERMS & CONDITIONS AGREEMENT FOR REAL ESTATE AUCTION
Auction Property Address:
2138 S. Shear Court, Beloit WI

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 $70,000 Owner Confirmation Auction.

4. The successful bidder must make a $2,000 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 May 2nd, 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________