THIS AUCTION FEATURES A 3+ BEDROOM HOME WITH 9.2 ACRES! THIS PROPERTY IS FULL OF POTENTIAL! COME TO THE VIEWING TO SEE THIS PROPERTY AND ALL IT HAS TO OFFER!

Cooperating agents must
pre-register with
Oberfoell Auctioneers
218-735-8619
don@do-bid.com

AUCTION STARTS CLOSING: TUESDAY, AUGUST 24, 2021 @ 6:00 P.M.

REAL ESTATE LOCATION
5352 LEHTO ROAD
EMBARRASS, MN 55732

INSPECTION:
Tuesday, August 17, 2021 FROM 12:00 P.M. to 3:00 P.M.
Tuesday, August 24, 2021 FROM 1:00 P.M. to 4:00 P.M. (day of auction close)

Payment Terms: 
TERMS: $2500 down within 48 hours of close of the sale, balance due within 30 days of closing.

PROCEDURE:
Online Bidding Only. The auction will start to close at 6:00 PM Tuesday, August 24, 2021. In addition there will be Extended Bidding, which means items that have bids placed within 5 minutes of its closing time, the time will extend for 5 minutes.
This will continue until there is no activity for 5 minutes.
YOU MUST READ OUR TERMS AND CONDITIONS BEFORE BIDDING ON THIS REAL ESTATE AUCTION

Terms:
THIS PROPERTY IS BEING SOLD "AS IS" "WHERE IS".
All information and Dimensions are believed correct but are not guaranteed. Buyers shall rely on their own Information, judgment, and inspection of the Property.

HIGHLY MOTIVATED SELLER AND IS BEING SOLD SUBJECT TO A REASONABLE RESERVE, IT WOULD BE WISE TO BE HIGH BIDDER.

BIDS CANNOT BE RETRACTED ONCE PLACED.

PAYMENT TERMS:
In the event you are the winning bidder, a down payment in the amount of $2500 and a signed purchase agreement will be due within 48 hours of Auction Close. Balance due in 30 days of Auction Close or before as set forth in the Real Estate purchase agreement. Down payment must be made payable to "Edge Properties Trust". In the event the purchaser fails to close, the down payment will be retained by the Seller as liquidated damages.

BUYER'S PREMIUM:
There will be a 10% buyer's premium added to the high bid amount. The high bid amount plus the 10% buyer's premium equals the purchase price.

PROPERTY CONDITION, DISCLAIMER, AND ABSENCE OF WARRANTIES:
This property is selling subject to any existing right-of-way easements, reservation of any mineral rights to the State of Minnesota, encroachments, zoning regulations, governmental agencies' regulation, leases, deed restrictions, and any applicable state or local laws.
This property is selling "as is" condition without warranties, guarantees or representation of any, either expressed or implied. Neither the Seller, its attorneys, any broker nor the Auction company personnel shall be liable for any damages, rescission, reformation, allowance, or adjustment based on the failure of the property, appliances, square footage, zoning, floor plans, etc..., to conform to any specific standard or expectation.

It is the purchasers responsibility to conduct his/her own independent inspections, investigations, inquiries, and due diligence concerning the property offered for sale. Information is subject to verification by all parties relying on it. All information and dimensions were derived from sources believed correct, but are not guaranteed.

PROPERTY TAXES:
Taxes due and payable in the year of closing shall be prorated to the date of closing.

TITLE:
Seller shall deliver a title with no liens.

POSSESSION:
The day of closing.

CLOSING AGENT:
Sellman Law Office
Hibbing, MN 55746

You must read our terms and conditions and register before bidding on this Auction.

At The Close of The Auction Active Items Will Remain Open Until No Bids Have Been Received for Five Minutes.