Please Read Terms!!
Christy's is only providing the Auction Services for this property. This property is a Compass Realty Listing (Auction)
For Questions Please Contact Misty Scholl @ 317-416-5806 [email protected]
Build your dream home on this 3 acre wooded lot. Current home offers a 3 bedroom, 2 bath with an open kitchen/dining room and living room area. Home has been under construction and now just needs new ideas. The acreage offers mature trees, a beautiful pond, pear trees and an apple tree. Located just west of Martinsville on 252. Home is As-Is. Seller has an accepted offer on another property, contingent on the sale of this property. Seller would need post possession of 30 days to move out.
All Sales are Final. The highest bid plus a 10% Buyers Premium will be the total sales price. All successful bidders will be required to sign a note for the deposit amount, in addition to deposit paid day of sale VIA CASH, GOOD CHECK, OR WIRE TRANSFER. Note shall become null and void when buyer shall complete all requirements for closing as set out in their contract.
ALL ONLINE BIDS ON THIS AUCTION START MONDAY, OCTOBER 31, 2022 AT 10:00 AM EDT AND WILL BEGIN ENDING ON FRIDAY, NOVEMBER 4, 2022 AT 12:00 PM EDT.: Auction is a timed event and all bidding will close at specified time. Online Auctions also have an auto extend feature. Any bid placed in the final 5 minutes of an auction, the auction ending will be automatically extended 5 minutes from the time the bid was placed. Example: if an auction scheduled to close at 2:00 receives a bid at 1:59, the close time will automatically extend 2:04. The auto extend feature remains active until no further bids are received within a 5-minute time frame.
ALL PROPERTIES IN THIS SALE EXTEND IF ANY ONE OF THEM IS EXTENDED. Compass Realty in conjunction with Christys Auction reserves the right to adjust the auto extension time period. THE FINAL SALE OF PROPERTIES USING INTERNET BIDS/MAX BIDS WILL DETERMINE THE WINNING BIDDERS OF PROPERTIES AS ADVERTISED. INTERNET BIDDING INCREMENTS WILL INCREASE BY $1,000.
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 Auction Sales Contract.
BID PACKAGE: Purchase Agreement, Preliminary Title and Tax Docs, along with any other paperwork pertaining to each sale, will be sent by e-mail from Compass Realty to the successful bidder, who must execute and email back to Compass Realty within 24 hours of receipt. Successful bidders not executing and returning their contract & promissory note with earnest money deposit (10% non-refundable deposit of total purchase price (certified funds or wire) made payable to Compass Realty.) within 24 hours of receipt will be considered in default and subject to an Administrative Fee (as defined below). All Administrative Fees are non-refundable. The entirety of the remaining balance is due at closing. Purchaser shall be responsible for all wire transfer fees and closing fees as set out in Auction Sales Contract and Auction Statement of Sale. Auction Administrative Fee: In the event a winning bidder fails to submit the signed “Auction Sales Contract,” signed “Promissory Note,” and deposit earnest money as provided in the pre-stipulated Auction Terms, the winning bidder will be charged an administrative fee of $2,500.00 on the credit card provided at auction registration. Additional default remedies are reserved by Compass Realty and Christys Auction and the Seller as provided in the Auction Statement of Sale, the Auction Sales Contract and the Promissory Note. All Administrative Fees are non-refundable.
Please read and review the purchase agreement, prelim title and tax card prior to bidding on any property. If you have not read and reviewed these documents and other materials available plus completed your own “due diligence” to satisfy all questions, please Do Not Bid!
Buyer’s Premium: A 10% buyer’s premium will be added to the bid price on all properties to determine the final contract price. Compass Realty and Christys Auction has the sole authority to resolve any bidding disputes as they may arise. Christys Auction is providing internet/online bidding as a service to Bidder.
Bidder acknowledges and understands that this service may or may not function correctly the ending day of the auction. Under no circumstances shall Bidder have any kind of claim against Christys Auction or anyone else if the internet service fails to work correctly before or during the ending of the auction. Christys Auction will not be responsible for any missed bids from any source. Taxes for the 2022 year to be prorated at closing and any back taxes and rollback taxes to be paid by seller at closing.
Closing on all Real Estate will be on or before 30 days from NOVEMBER 1, 2022. All properties to be sold in “as is” condition with no guarantees or warranties expressed or implied. Please rely on your previous inspections of all properties. Copies of survey and any other paperwork pertaining to the properties are available online. The property will be sold free from all encumbrances and a Warranty Deed will be executed by the owner to the purchaser for said land. Terms for Real Estate are 10% down day of online bidding end, balance at closing within 30 days. Buyer to pay one-half of closing fee, in addition to their other individual closing costs.
Please note that Quality Title will be the exclusive closing agent for all transactions. REMEMBER, this auction has a reserve, and selling with owners confirmation. All sales are final. Do not bid unless you are prepared to pay appropriate deposit and meet all conditions to close as set out in your contract. Bidders must be ready, willing and able to close within 30 days. Please do not bid unless prepared to do so. 10% BUYERS PREMIUM TO BE ADDED TO EACH SUCCESSFUL BID.