$150,000. Minimum Bid Auction (Online Bidding Only) The Buyer must provide a good faith down payment equal to 10% of the Highest Auction Bid made payable to Ohio Real Estate Auctions by Cash Certified Check or Direct Bank Wire Transfer. The Real Estate sells "as is" with Buyer no contingencies for financing or inspections. The Buyers inspections and due diligence must be completed prior to bidding to purchase this Real Estate. A 10% Buyer's Premium applies and will be added to the Highest Auction Bid in order to determine the Final Contract Price. The Buyer's Good Faith Down Payment is non-refundable if the Buyer fails to settle in full and close this transaction for any reason within 30 days with our closing agent Amerititle Downtown, 150 East Main Street, Columbus, Ohio 43215. The Buyer pays all closing costs involved in this transaction. Possession along with free and clear good marketable title and a good deed will be given to the Buyer at closing with no liens or back taxes. 

Bid increments for most Auctions will be $100.

When you place a bid, you can place a "Max Bid" and the computer 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.