TERMS & CONDITIONS ON REAL ESTATE: Parcels 1, 2, 3, 4 & 5 will require a $10,000.00 deposit each, Parcels 6, 7, 8 & 9 will require a $5,000.00 deposit each, within 48 hours of the auction ending time. Deposits to be made in the form of cash, cashiers check, personal check with up to date bank letter guaranteeing funds or wire transfer. Balance due by August 10th, 2018 by 4:00 PM CDT. POSSESSION: Landlord possession on all parcels date of new deed transfer only. RENTS: Seller will receive the August 2018 rent on all parcels, new buyer/buyers will receive the September 2018 rents. TAXES: 2018 county and city property taxes will be paid by the sellers. The houses were built before 1978. Lead paint could be present, make your inspection 10 days prior to the auction ending time. Purchaser will be required to sign an inspection waiver prior to signing a sales purchase agreement. Other online terms and conditions apply, see website for details. BUYERS PREMIUM: A 10% buyer’s premium will be added to all winning bids to determine the final selling price. IMPORTANT NOTICE: All property sold “as is where is” condition with no warranty or guarantee expressed or implied. Although information has been obtained from sources deemed to be reliable, neither the seller nor the auctioneer makes any warranty or guarantee, expressed or implied, as to the accuracy of the information herein contained. It is for this reason that buyers should avail themselves of the opportunity to make an inspection prior to the auction. All announcements from the auction block take precedence over any printed material or any oral statements made. Not responsible for accidents.
This online only auction is a cash sale not contingent on or subject to financing, appraisal, survey or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Agreement to Purchase Real Estate.
A Buyer’s Premium of 10% is added to the high bid. At the close of the auction, the successful Bidder will be emailed an Agreement to Purchase Contract to be executed and returned to Barr Realty & Auction Co., Inc. within Forty-Eight (48) hours. Successful Bidders will make their deposits in the form of cash, cashier’s check, or wire transfer with Barr Realty & Auction Co., Inc. within Forty-Eight (48) hours of the completion of the auction. The entirety of the remaining balance is due at closing on or before August 10th, 2018 by 4:00 PM CDT. Purchaser will be responsible for all wire transfers.
Per the Contract, time is of the essence; you should proceed to closing within Thirty (30) days. Possession shall be given to the successful Buyer(s) at closing. Any closing fees charged by the buyer(s) lender or closing attorney will be a buyer(s) expense.
Successful Bidders not executing and returning their Contract with Earnest Money deposit within Forty-Eight (48) hours of the conclusion of the auction 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 Seller and Barr Realty & Auction Co., Inc. incurred in a subsequent resale of the property.
Buyer(s) must be prepared to make a cash offer. There are no contingencies to this sale (i.e. financing, appraisal, repairs or inspections). Therefore, you should be pre-qualified by a lender prior to bidding if you require financing. This property is being sold for cash “as is, where is.” with a closing deadline.
Barr Realty & Auction Co., Inc. reserves the right to remove or cancel the bids and or bidding rights and privileges of any party at any time deemed not to be in the best interest of the seller. The identity of all bidders will be verified, bidding rights are provisional and if complete verification is not possible, Barr Realty & Auction Co., Inc. will reject the registration and bidding activity will be terminated.
Barr Realty & Auction Co., Inc. will make its best efforts to accept and submit your bids. However, due to possible equipment malfunctions, lapsed time due to internet connections or bidders not acting quickly enough we do not guarantee that a bid will be received and/or accepted. It is of no benefit to wait to the last second to submit a bid. In the event bidding is active the auto extend feature will automatically extend the time unless we inform you otherwise. It is for this reason that we highly recommend that you submit any and all bids as quickly as you can to ensure that it is received/accepted.
Barr Realty & Auction Company reserves the right to change a bidder’s user name and/or password at any time for any reason.
Buyer acknowledges they are buying property “as is, where is”, without inspections or contingencies, Buyer(s) will rely on his/her own judgment and inspection.
Barr Realty & Auction Co., Inc. and their representatives are Exclusive Agents of the Seller(s).
Real Estate is sold subject to any and all existing matters of record and all easements building use or zoning laws and regulations.
This Barr Realty & Auction Co., Inc. Online Only Real Estate Auction is a timed event that have an auto-extend all feature. Any bid placed within 5 minutes of the auction ending will automatically extend all lots in the auction for 5 minutes from the time the bid is placed. Example: If an auction scheduled to end at 12:00 p.m. receives a bid at 11:59 a.m., the close time of the auction automatically extends all lots to 12:04 p.m. The auto-extend all feature remains active until no further bids are received within the last 5 minutes time frame.
IMPORTANT NOTICE: Bidders agree to keep their username and password confidential as they are responsible for ANY and ALL activity involving their account.
When using the website you must obey any and all local state and federal laws. Violations will result in termination of website use privileges.
Auction company employees and/or auction company may bid on auction items.
We gather aggregate information from this web site which may include but is not limited to: number of page visitors, most visited pages, any and all correspondence. All property sold “as is where is” condition with no warranty or guarantee expressed or implied. Although information has been obtained from sources deemed to be reliable, neither the seller nor the auctioneer makes any warranty or guarantee, expressed or implied as to the accuracy of the information herein contained. It is for this reason that buyers should avail themselves of the opportunity to make an inspection prior to the auction. All instant announcements from the auction company take precedence over any printed material or any oral statements made. Not responsible for accidents.