iAuction Terms & Conditions

1. Procedure: Bidding ends Wednesday, February 7, 2024 at 1:00 PM, with a soft close, meaning that a bid in the final minute will extend bidding by 5 minutes. All bids placed are by the Lump Sum.  

2. BUYERS PREMIUM: 5% Buyer’s Premium will be added to the final bid price to arrive at the contract sales price. 

3. ACCEPTANCE OF BID PRICES: Winning bidder will enter into a Contract to Purchase immediately upon being declared the Successful Bidder by the Auctioneer. Upon the close of the auction, the winning bidder will be forwarded via email a Contract to Purchase. Trophy Properties and Auction must receive a signed copy of the contract on or before 12:00 NOON, Thursday, February 8, 2024 (hand delivered, faxed, or scanned and emailed). The Seller reserves the right to reject any and all bids. Once accepted, this agreement shall be binding on the parties and their successors and assigns. This agreement is NOT subject to financing, inspections, or other contingencies or delays the closing for such reason. 

4. DOWN PAYMENT: 10% of the contract purchase price will be due upon acceptance of the Sales Contract. Business or Personal Checks or Wire Transfer are accepted.

5. BIDDING: Once submitted, a bid cannot be retracted.  

6. CLOSING: Closing shall be on or before 3:00 PM., Thursday, March 14, 2024. 

7. POSSESSION: Possession will be given at closing, subject to the remaining rights of the current tenant if any. 

8. TITLE: Seller shall furnish the buyer(s) at Seller’s expense an Owner’s Policy of Title Insurance in the amount of the purchase price, and agrees to provide and execute a proper deed conveying merchantable title to the real estate to the buyer(s). 

9. SURVEY: AT SELLERS OPTION, the Seller shall provide a new survey where there is no existing legal description to convey title.  

10. REAL ESTATE TAXES: The 2024 Real Estate taxes to be prorated to the day of closing.  

11. Under no circumstances shall Bidder have any kind of claim against Trophy Properties and Auction, or anyone else if the Internet service fails to work correctly before or during the auction. 

The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines are drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to this property. Both real estate (including all improvements, if any) is being sold As Is, Where Is with NO warranties expressed or implied. Please make all inspections and have financing arranged prior to the end of bidding. All announcements made day of sale take precedence over prior advertising either written or oral.  This property is subject to prior sale. 

Defiance, MO House for Sale at iAuction – Wilson House 

Open House Sunday, January 14^th 10AM to Noon.  

Bidding Ends Wednesday, February 7^th at 1PM.  

Welcome to 471 Colony Rd in Francis Howell School District. This house is just a min from some of the best wineries in the region. It is a 2-bedroom 1-bathroom ranch and ready for your imagination to modernize or create your own space and peace in the Defiance countryside. You won't find another 1.75+/- acre lot in Defiance that has public water. If you are looking for the perfect spot to build your new private home, look no further. Electric service at the rd. and new high-speed fiber is being laid now in the region. Come out and see why this should be your next spot to live, with Lost Valley trails, Matson trails, Busch Wildlife and The Katy Trail minutes away the outdoors is calling you to enjoy life. 

For more information call or text Jay Strothman 314-757-6655. 

Bedroom 1 - Approximately 14x14

Bedroom 2 - Approximately 11 x 11

Living Room - Approximately 13 x 18

Kitchen - Approximately 11 x 12 

Breakfast nook - Approximately 7 x 10

Bathroom - Approximately 5 x 8