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LAKE FRONT PROPERTY
Previous Page Listing ID#: 1386228
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Auction Location |
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Columbia City , IN 46725 |
Auction Dates and Times |
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Bidding Starts: Monday Mar 14, 9:00 AM Bidding Ends: Tuesday Mar 29, 3:00 PM |
Auction Type |
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![Ness Bros Realtors & Auctioneers Ness Bros Realtors & Auctioneers](https://www.GoToAuction.com/img/logo/large/thumb_1592426826_ness_bros_full_vertical_web_small.jpg)
Company Information |
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Ness Bros Realtors & Auctioneers Contact: Kurt Ness Phone: 260-356-3911 Email: kurt@nessbros.com Website: www.NessBros.com GoToAuction.com ID#: 5475 View company information and listings |
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Listing Terms and Conditions |
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ONLINE REAL ESTATE AUCTION NOTICE – CASH (not contingent on Financing)
BIDDING PROCEDURE BUYERS ARE TO FOLLOW WITH NO WAIVER
Seller: Solomon and Merry Miller
Address: 2744 East Stalf Road, Columbia City, IN 46725
Legal Description: Lots 40 & 41 CEDAR POINT ADDITION TO TRI LAKE
--- BIDDERS PACKET: All bidders who have registered for the online auction can view copies of the
offer to purchase and terms at www.nessbross.com on the specific property Auction Detail Page.
--- ONLINE REGISTRATION: Registration for this auction (online) finalizes each bidder’s agreement
to the terms and conditions of sale as stated in the Purchase Agreement which are incorporated by
reference into your bidding. Do not bid until you have read the terms and conditions. In order to bid
on the Real Estate, all bidders must be signed in through www.Bid2NessBros.com. There is no fee to
register, but a valid credit card will be required to verify identity and ensure payment of the Earnest
Money, if applicable. By bidding you are representing to Ness Bros. Realtors & Auctioneers (“Ness
Bros.”), and the Seller that you have read and agree to be bound by the terms and conditions for this
sale as stated herein. If you do not agree with any of the terms and conditions stated, DO NOT BID or
you will be bound by those terms and conditions. By bidding you agree to all disclosures.
--- CONDUCT OF THE AUCTION: The Seller and selling agents reserve the right to preclude any
person from bidding if there is any question as to the person’s identity, credentials, validity of the credit
card, fitness to bid, financial ability to buy, etc. All decisions of the Auctioneer are final. THE SALE
WILL BE CONTROLLED BY AUTIONEER SOFTWARE. Ness Bros. is not responsible for
malfunctions or system errors which cause a bid or bidder to fail to be recognized or registered. If there
is a dispute, the Auctioneer may reopen the bidding at the Auctioneer’s sole discretion and shall serve
as the sole arbiter as to who is or is not allowed to bid.
--- BIDDING: Bidding starts at the nominal Opening Bid(s) indicated and is open to all who registered
and are approved by the way of verified identity and credit card information. The bidding will be open
for minimum of 10 days. The auction ends at a predetermined time with an Overtime Period, if
necessary, which is defined as follows: if a bid is placed within five (5) minutes of the close of bidding,
then another five (5) minute period commences from the time of the last bid until no bids are placed
within the next five (5) minutes. The last bid shall be made final.
--- AGENCY DISCLOSURE & GENERAL OFFICE POLICIES: Ness Bros. will represent the Seller
exclusively unless a Ness Bros. Agent has a signed buyer agency agreement with Buyer, then that agent
has a limited agency with Buyer.
--- DISCLAIMER & ABSENCE OF WARRANTIES: All information contained online or in the
brochure and related material is subject to the terms and conditions outlined in the Purchase Agreement.
The Property is being sold on an “AS IS, WHERE IS” basis. No warranty or representation, either
expressed or implied, concerning the Property, its condition, or the condition of any other components
on the Property, is made by the Seller or Ness Bros. All sketches and dimensions online or in the
brochure are approximate. The information contained online or in the Brochure is subject to
verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by
the Seller or Ness Bros. Each potential bidder is responsible for conducting his or her own independent
inspections, investigations, inquiries, and due diligence concerning the property.
--- TERMS: Earnest Money of 10% down or $2,500.00, whichever is greater, within 24 hours of the
online auction closing. In the event the winning bidder fails to provide the Earnest Money within 24
hours, Ness Bros. is authorized to charge the credit card for the amount of the Earnest Money, or any
portion thereof, and an additional administrative fee of 5% of the amount being charged. The balance
is due in full upon delivery of the merchantable title and deed free and clear of all liens and
encumbrances except as stated herein and subject to easements or restrictions of record. A Buyer’s
Premium of 5%, or minimum of $2,500.00, whichever is greater, will be added to final bid and
included in the total contract price. All bids accepted on the Real Estate are subject to Seller’s approval.
--- TITLE POLICY: A preliminary title policy has been prepared by Lime City Title Co., which will be
preparing the final title policy plus conducting the Closing. Seller and Buyer agree to use Lime City
Title Co.
--- CASH CONDITIONS: The Earnest Money will be totally forfeited in the event the Seller accepts the
successful bidder’s Purchase Agreement in writing and the successful bidder subsequently refuses to
proceed to Closing.
--- EXECUTION OF PURCHASE AGREEMENT: The successful bidder has earned the right to make
an offer to the Seller; no sale has been completed. The bidder will be required to execute an Irrevocable
Real Estate Purchase Agreement immediately following the close of the auction and provide the
required Earnest Money within 24 hours to the Seller in a check payable to Ness Bros. Buyer’s offer
expires 11:59 P.M. (local time) 7 days after the online auction date, unless Seller timely accepts it; the
Earnest Money will be returned if Seller does not accept the successful bid as a primary or secondary
offer, subject to any required approvals.
--- TAXES: The real estate taxes shall be prorated. Seller shall pay real estate taxes which are payable
during the year in which Closing occurs, and taxes payable during the succeeding year, prorated to the
date of Closing. Buyer shall assume and pay all subsequent taxes. If at the time of Closing the tax bill
for the Real Estate for the succeeding year has not been issued, taxes payable shall be computed based
on the last tax bill available to the closing agent. The succeeding year’s tax bill, because of recently
constructed improvements, annexation, reassessment, or similar items may greatly exceed the last tax
bill available to the closing agent.
--- GUARANTY: Any individual submitting a bid or signing the Purchase Agreement on behalf of any
entity agrees to be individually bound by all these terms and conditions and individually responsible
for payment of the Earnest Money and the balance due.
--- POSSESSION: The possession of the Property shall be Upon Closing of Property, subject to tenant’s
rights, by 5:00 P.M.
--- SURVEY: The Seller has a legal description for the property so no survey will be provided. If a survey
is requested, it will be paid for by the Buyer.
--- CLOSING: Balance of the purchase price is due in cash at Closing, which will take place, within 45
days after the acceptance date if the Buyer has financed the transaction or 30 days after the acceptance
if the Buyer has made a cash offer. The fee charged by any closing agent, including an attorney acting
as a closing agent for both parties, or Buyer’s lender acting in such capacity, for closing services shall
be paid equally by the parties. Buyer will be responsible for paying a $245.00 administration
transaction commission payable to Ness Bros.
--- AUCTIONEER RESERVES: Auctioneer reserves the right to make changes to an auction, to split or
combine lots, cancel, suspend or extend the auction event.
NOTE: Neither the Seller nor Ness Bros. is responsible for any personal property left in the residence and
buildings, or on the land after the Real Estate possession is granted to Buyer and will be inherited by the
new buyer.
STATEMENTS MADE BY AUCTIONEER WILL TAKE PRECEDENCE OVER
PREVIOUSLY PRINTED MATERIALS OR ANY PREVIOUS ORAL STATEMENT
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File Attachments |
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Listing Information |
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This is a Cash Sale. The sale of this property may be financed; however, the sale of this property IS NOT CONTINGENT to financing approval. STARTING BID: $15,000 55′ of channel frontage on Little Cedar Lake with direct access to Big Cedar Lake, which can be used for all sports! Existing well and sewer hookup . Electric hookup available. Sea wall in place.
All offers must be submitted ONLINE. The highest offer amount will be available to public (no secret/sealed bids, everything is transparent and visible, all buyers have equal/fair playing field). |
Auction License: AU01026833 |
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