October 24-31 - Online Real Estate Auction
October 24-31, 2017 - Online Real Estate Auction
470 5th Ave NW, Perham, MN 56573
Online Only Real Estate Auction - Perham, MN
October 24-31, 2017
Location: 470 5th Ave NW, Perham, MN 56573
Directions: in Perham head NW on W main st, turn right on 6th ave nw, turn right after the rail road tracks, then turn left on 5th ave nw and follow to the property on the right side.
City of Perham Online Only Real Estate Auction
Bidding opens Tuesday, October 24th at Noon and closes Tuesday, October 31st at Noon. Bidding will take place through proxibid and bidders will need to register with proxibid. To bid on the auction click on the Blue ONLINE BIDDING TAB Powered By PROXIBID below.
Property Features: 1997 Built Rambler style home with 2 bedrooms and 1 full bath. Full unfinished basement with some frame work and insulating done. 20x24 attached garage and 32x48 pole shed with a cement floor. Large lot 140x190 and an additional 140x190 lot with plenty of space and a nice yard (2 lots total). City sewer and water, and an additional private well for watering outside. Home features 936 square feet on the main floor and 936 square feet on the lower level for a total of 1872 square feet. The basement is block and has some rooms that are framed out and have been insulated. Taxes are $1318 for the year, and there are no current specials levied or pending on the property. The home is a modular home.
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Real Estate preview Wednesday, October 18th from 5 to 6 PM or by private appointment.
Buyers premium will apply. Call for terms and conditions. Property is subject to sale prior to close of the auction. Read Terms Below.
Terms & Conditions:
Credit card is required for registration but is not an accepted form for payment. Please see the auction terms for complete terms and conditions.
Earnest money is non-refundable and can be paid for by certified check, cash, or wire transfer. Earnest money payment must be paid within 24 hours of the close of the auction.
$2,500 down as Non-Refundable Earnest money due within 24 hours at the close of auction (by the successful bidder), with the balance of purchase price due at closing. Buyer's premium is 3%. With any questions contact Austin at 218-841-2469 or The Office at 218-347-1075.
Buyer's must read all terms and conditions prior to bidding. By registering and bidding on this property, bidder represents and agrees to all the terms noted on this auction.
This property is subject to sale prior to the closing of the auction. This means the seller can accept an offer prior to the auction closing if they choose to. If the seller does accept an offer prior to the closing of the auction, the online auction will be cancelled and online bidding will not be allowed.
This property sells with confirmation of the seller. This means the property will not sell if a satisfactory price to the seller is not met. Seller can accept or reject any and all offers and prices. High bidder will be contacted after the closing of the auction to be notified if the seller will be accepting or rejecting their bid.
The earnest money is $2500 and is non-refundable and is due within 24 hours of the conclusion of the auction. This can be paid for by certified check, cash, or wire transfer. The balance of the purchase is due at closing. Purchaser is responsible for wire transfer fees. Closing will take place in approximately 60 days.
Buyer's premium is 3% and will be added to the bid price to arrive at the final purchase price. Example: Bid Price $100,000 plus 3% buyer's premium equals a contract purchase price of $103,000. All online only auctions are a cash sale and are not contingent on or subject to financing, appraisal, survey or inspections of any kind, as agreed to by bidders at registration prior to bidding.
Online only auctions are timed events and all bidding will close at a specified time. There also can be auto extend features meaning any bids placed in the final minutes of an auction can cause the auction ending to be automatically extended from the time the bid was placed. It is always best to place your max bids prior to the day of closing to avoid technical issues. Auction Company and Real Estate Company are not responsible for any technical issues.
Successful bidder will be required to enter into a purchase agreement immediately following the close of the auction. Bachmann Carow Real Estate Inc. will make arrangements to immediately meet with the successful bidder or e-mail documents to be executed and e-mailed back to Bachmann Carow Real Estate Inc. within 24 hours of the end of the auction. Bidder will also sign an agency disclosure and appropriate addendums. Successful bidder not executing and returning contracts with the earnest money deposit within 24 hours will be considered in default. Any and all inspections that the buyer may want must be done at buyer's expense prior to the auction end. Purchase agreements are available upon request by bidders to review.
Agency: Bachmann Carow Real Estate and Bachmann Auctioneers are representing the seller in this transaction.
All bidders must provide their full name, address, and phone number where they can be reached. Bachmann Auctioneers reserves the right to deny registration. The seller and selling agents and Auction Company reserve the right to preclude any person from bidding if there is any question as to the person's credentials, fitness, etc. Bidders agree to keep their username and password confidential as they are responsible for ANY and ALL activity involving their account.
Bachmann Auctioneers has the right to remove any property from the auction.
All bidders must log in prior to the auction closing time to inspect any changes, corrections, or additions to the property information.
Property is being sold AS IS, WHERE IS” and no warranty or representation either expressed or implied, concerning the property is made by the seller, sellers agent or the auction company. All sketches and dimensions are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. No liability for accuracy, errors, or omissions is assumed by the seller, seller’s agent or the auction company.
Conduct of the auction and increments of bidding are at thee direction and discretion of the auctioneer. All decisions of the auction company are final. By bidding on the property at auction, bidder agrees to all terms and conditions set forth here and in the auction material as well as those set at beginning of the auction. Each buyer is responsible to conduct their own due diligence on the property before bidding.
If there is a malfunction, shutdown, or loss of service during the auction, the auction company reserves the right to remedy the situation in whichever way best represents the seller, including cancelling existing bids. Auction Company is not responsible for any type of malfunction. Internet bidders who desire to make certain their bid is acknowledged should uses the maximum bidding feature and leave their maximum bid 24 hours before the close of the auction.
The auction company makes the final determination and holds official records of winning bidders and final hammer price. The listings on this website regarding final hammer prices and winning bidders are unofficial.
By registering and bidding on this property, bidder agrees they have read and understand all terms and accept the terms of this auction.
All properties are being sold according to legal description.
Real Estate Agent Co-op: Any agent that is representing a buyer and expects to get paid the co-op commission must register their buyer with Bachmann Carow Real Estate at least 24 hours in advance to the close of the auction with a buyer’s representation form. That cut off time for a broker co-op is Monday October 30th at noon. No Exceptions! Agents representing a buyer are expected to fill out the purchase agreement that will be pre-marked by Bachmann Carow Real Estate inc. and follow the buyer’s side through closing. Broker Co-op commission is 2%. Contact Austin at 218-841-2469 and buyer rep forms can be sent to email@example.com