This online only auction will only conclude with seller confirmation of final bid price. The auction is a cash sale and will not be contingent upon or subject to financing, appraisal, survey or inspections of any kind. Bidders signify their agreement to these terms by registering for this auction and placing bids. A 5% Buyers Premium is added to the high bid of each parcel. As an example, on a parcel with a winning bid of $100,000, the final bid price will be $105,000. The final bid price is considered the actual sales price and will be used on the purchase agreement. The final bid price will also be used when transfering tax and title insurance. A Contract to Purchase will be emailed or personally delivered to the winning Bidder at the conclusion of the online only auction and acceptance of bid price by the seller. Contract to Purchase shall be returned to Leist Auctioneers by 3pm on Tuesday, August 29, 2017 via email or personal delivery. A 10% non-refundable Earnest Money Deposit in the form of cashier's check or wire transfer shall be received by Leist Auctioneers at Antrim Title Co. by 3pm on Tuesday, August 29th, 2017. Cashier's Check shall be delivered personaly while Wire Transfers shall be delivered to Huntington Bank by the previously designated date and time. Balance of purchase price is due at closing within 30 days. Purchaser will be responsible for all wire transfer fees and associated expenses. Buyer will receive possession at closing. All closing fees charged by Antrim Title Company will be shared equally between the buyer and seller. Successful Bidders who do not sign and return their Purchase Agreement with Earnest Money Deposit by 3pm on August 29, 2017 will be considered in default. If your closing is delayed for any reason, by you as purchaser, or other parties working on your behalf, including any lender you involve, you may be declared in breach of this contract, forfeit all deposits made, and could be additionally liable for any and all costs incurred by the Seller and Leist Auctioneers incurred in a subsequent resale of the property. Buyer(s) must be prepared to close within 30 days of successful winning bid. There are no contingencies to this sale including by not limited to: financing, appraisal, repairs, or inspections. Buyers and Bidders requiring financing should be pre-qualified by a lender prior to bidding. The property is being sold for cash 'AS-IS, WHERE-IS' with a closing deadline. Leist Auctioneers reserves the right to remove or cancel any bids or remove any bidding rights and privilages from any party, at any time that are deemed to not be in the best interest of the Seller. If verification of a potential Bidder is not possible, Leist Auctioneers may reject the registration and bidding activity. Buyer understands that this property is being sold 'AS-IS, WHERE-IS', without inspections or contingencies. Buyer(s) will rely on their own judgement and inspection. Buyer will be waiving the 10 day lead based paint test by signing Purchase Agreement. Seller will provide an owner's policy of title and convey title with a Warranty Deed. Leist Auctioneers and their representatives are Exclusive Agents of the Seller. Auctioneers and Sales Agents reserve the right to negotiate final sale price on behalf of the Seller. Real Estate is sold subject to any and all existing matters of record, and all easements, building use or zoning laws and regulations. Properties that are currently rented are subject to Tenant's Rights. There are no security deposits for any properties. Taxes and assessments will be pro-rated to the closing date. Property sells AS-IS. Buyers are responsible for all compliances needed for occupancy or use, and all expenses involved for compliances. Money will need to be placed in escrow at closing. Per ICHD, Buyer will have 180 days from date of closing to have work completed. This auction will conclude with a 'soft close', meaning the auction will be extended if bids are placed within 3 minutes of the closing time. Any bids placed within the final 3 minutes of the auction ending will automatically extend the close an additional 3 minutes from the time of the bid being placed. For example, this auction is scheduled to close at 5pm. If a bid is entered at 4:59pm, the auction close will be extended to 5:02pm. This feature will remain active until no further bids are received within the 3 minute time frame. Two percent (2%) bid price commission is available to properly registered Brokers. Brokers must pre-register their prospective Buyers with Leist Auctioneers at least 24 hours before the scheduled end of auction. Agents who do not pre-register their Buyer under these guidelines will not be recognized as Buyer Agents and will not be entitled to the 2% commission. Broker cannot act as a Principal and Broker on the same transaction. The terms and conditions of the Purchase Agreement, including these additional terms, shall survive closing and shall bind and the benefits shall inure to the heirs, successors, representative and assigns of the Parties. ALL BIDS ARE SUBJECT TO ACCEPTANCE BY THE AUCTIONEER. NO BID SHALL BE DEEMED A VALID BID UNTIL ACCEPTED BY THE AUCTIONEER. ALL BIDS ARE ACCEPTED AT THE SOLE DISCRETION OF THE AUCTIONEER. IF YOU ARE THE SUCCESSFUL BIDDER, YOU AGREE TO PAY THE AMOUNT OF YOUR BID PLUS ALL TAXES AND PREMIUMS IN ACCORDANCE WITH ALL WRITTEN OR ORAL TERMS AND CONDITIONS OF THE AUCTION. NEITHER THE COMPANY PROVIDING THE SOFTWARE NOR THE AUCTION COMPANY SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. ALL BIDS SHALL BE DEEMED PENDING UNTIL DULY ACCEPTED BY THE AUCTIONEER. THE AUCTIONEER HAS THE SOLE DISCRETION TO ADVANCE THE BIDDING AND MAY REJECT ANY AND ALL BIDS WHICH, IN THE AUCTIONEER'S SOLE DISCRETION, DO NOT ADVANCE AND/OR ARE INJURIOUS TO THE AUCTION, INCLUDING BUT NOT LIMITED TO NOMINAL, SUSPICIOUS AND/OR SUSPECT ADVANCES. THE AUCTIONEER SHALL HAVE SOLE DISCRETION IN DECIDING THE SUCCESSFUL BIDDER IN THE EVENT OF A BIDDING DISPUTE. AUCTIONEER'S DETERMINATION OF THE SUCCESSFUL BIDDER SHALL BE THE FINAL DETERMINATION OF THE SUCCESSFUL BIDDER. BY PLACING A BID, YOU AGREE TO ALL OF THE TERMS AND CONDITIONS WHICH MAY BE SET FORTH BY EACH INDIVIDUAL AUCTION COMPANY AND EXPRESSLY ACKNOWLEDGE AND AFFIRM THAT YOU HAVE READ AND ARE FAMILIAR WITH THE TERMS AND CONDITIONS OF EACH INDIVIDUAL AUCTION COMPANY INVOLVED AS WELL AS THESE TERMS AND CONDITIONS. ALL SALES ARE FINAL UPON THE DETERMINATION OF THE SUCCESSFUL BIDDER BY THE AUCTIONEER. BY PLACING A BID, YOU ACKNOWLEDGE THAT YOUR BID IS A LEGALLY BINDING OFFER TO PURCHASE THE ITEM OR PROPERTY BEING AUCTIONED. TIME SHALL BE OF THE ESSENCE. THE SUCCESSFUL PURCHASER AGREES TO PAY ANY AND ALL REASONABLE ATTORNEYS FEES AND COSTS INCURRED BY THE AUCTION COMPANY, THE SELLER AND/OR THEIR SERVANTS, AGENTS OR EMPLOYEES IN THE COMMENCEMENT OR DEFENSE OF ANY ACTIONS HEREUNDER AS WELL AS IN THE COLLECTION OF ANY OBLIGATIONS HEREUNDER. THERE SHALL BE NO RETURNS OR EXCHANGES. ALL PROPERTY IS SOLD "AS-IS". IT IS THE BIDDER'S RESPONSIBILITY TO DETERMINE THE NATURE, CONDITION AND STATE OF TITLE OF EACH ITEM PURCHASED. VENUE & JURSIDICTION OF ALL DISPUTES. ANY AND ALL DISPUTES WHICH MAY ARISE BY VIRTUE OF THIS AUCTION SALE OR STEMMING FROM THIS AUCTION SALE SHALL BE IN THE COURT NEAREST SELLER. CHOICE OF LAW: THE LAW OF THE STATE OF MICHIGAN SHALL GOVERN THE INTERPRETATION OF ANY AND ALL DISPUTES OR OTHER MATTERS RELATING TO THE SUBJECT SALE AND/OR STEMMING FROM THIS AUCTION SALE. BIDDER ACKNOWLEDGES THAT NO RELATIONSHIP OF ANY NATURE OR TYPE, AGENT, EMPLOYEE, INDEPENDENT CONTRACTOR OR OTHERWISE, IS CREATED BETWEEN BIDDER AND AUCTIONEER, AFFILIATED AUCTION COMPANIES, AFFILIATED SOFTWARE COMPANIES AND/OR ANY SERVANT, AGENT OR EMPLOYEE OF THE SAME BY BIDDER'S PARTICIPATION IN THIS AUCTION. BIDDER ACKNOWLEDGES AND AGREES THAT AUCTIONEER IS ACTING SOLELY AS THE AGENT FOR THE SELLER IN THIS AUCTION. DISCLAIMER OF WARRANTIES: THERE ARE NO UNDERSTANDINGS, AGREEMENTS, REPRESENTATIONS OR WARRANTIES, EXPRESS OR IMPLIED NOT SPECIFIED HEREIN, RESPECTING THIS CONTRACT OR THE ITEM OR PROPERTY SOLD HEREUNDER, INCLUDING BUT NOT LIMITED TO THE MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. I AGREE TO RECEIVE EMAILS FROM LEIST AUCTIONEERS REGARDING UPCOMING AUCTIONS.

Buy instant cash flow in this ONLINE ONLY real estate offering. Three homes on two parcels with current tenants creates an exciting opportunity for investors, renters and real estate professionals. Bidding will begin concluding at 5pm on Monday, August 28. Parcel A is a five bedroom farm house on 4.33 acres featuring a large barn, pole building and special use building. Plenty of income potential for this residence. Continue to lease to current tenants, or move in and pursue hobby farm or storage opportunities. Parcel located at 1539 M-66. Parcel B includes two homes on 2.18 acres currently leased to stable tenants. Home 1 is a two bedroom, single family residence that sits at 1507 M-66. Home 2 is a three bedroom residence located at 1533 M-66. These homes share a well, septic and utility building.