INCREDIBLE REAL ESTATE AUCTION!
Farm House with 4 Large Outbuildings on 13 +/- Acres!
Thursday, October 20th, 2016 - 4:00 p.m.
OPEN HOUSE PREVIEWS
Wednesday, October 5th - 4 p.m.-6 p.m.
Saturday, October 15th - 2 p.m.-4 p.m.
1858 Millville Rd.
Lapeer, Michigan 48446
American Eagle Auction & Appraisal Company is pleased to announce to you this excellent home and land buying opportunity in beautiful Lapeer, Michigan.
This picturesque property features 13 +/- acres which includes a 71 year old, 1,260 sq. ft. 3 bedroom farm house with a group of FOUR large outbuildings.
This property is ideal for the growing family and the hobbyist who has a passion for farming, gardening, automotive, equestrian, antiques and the list goes on and on!
FREQUENTLY ASKED QUESTIONS:
WHY IS THIS PROPERTY BEING SOLD AT AUCTION? The current owner is motivated to sell before winter and choses to expedite the selling process.
DO I NEED TO BE "PRE-QUALIFIED" IN ORDER TO BID?
No. However, it is important that should you be the successful bidder that you will be able to satisfy the balance due by November 20, 2016 which is 30 days post auction.
Your successful bid is NOT contingent whether you can obtain a loan or not. If you are unable to satisfy the balance due, you will lose your $10,000 earnest money deposit that you put down on auction day.
HOW DO I PARTICIPATE IN BIDDING ON THIS PROPERTY?
#1. First of all, you should do your own due diligence prior to considering placing a bid. Learn all you can about the property and feel free to have a trusted adviser inspect the property.
#2. Again, do Your research on the property. The real estate is being sold "as is, where is" with no warranties expressed or implied.
#3. Obtain a $20,000 cashier's check made payable to yourself.
#4. Anytime on or prior to auction day, you must register for the auction by completing a bidders contract (email us at: Productionline@msn.com for the registration form) - We strongly recommend advance registration. If you are a real estate agent representing a client, we require advance registration.
#5. Auction Day! On the day of the auction, all registered bidders for the real estate will gather at a secured location in the home. (Sorry. No spectators. You MUST be registered to be a part of this process.) The auctioneer will open the bidding at $125,000. You will have the opportunity to bid a higher increment. When the bidding concludes, it is likely the home just found its new owner.
From there, all non-successful bidders will receive their $20,000 earnest money check back. The successful bidder will sign a purchase agreement, sign over their earnest money deposit and the paperwork will be sent to Minnesota Title for processing. You will have 30 days to complete the transaction.
Auctioneer License Information: