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Auction Information
Auctioneer Mike Peterson Auction & Realty Service 716-665-0668
Auction Date Nov 11 Auction
Location
West Main Street
Panama, NY
Time 05:00PM
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Auction Listing
AuctionZip Auctioneer ID# 2531
We will be offering the holdings of:
The William Adamson Estate & Carol Adamson 
located at 6-8 West Main Street & 7 North Main Street in Panama NY 14767
at public auction

TERMS AND CONDITIONS OF AUCTION

 

REAL PROPERTIES LOCATED AT 7 NORTH MAIN & 8 WEST MAIN,

VILLAGE OF PANAMA, TOWN OF HARMONY, COUNTY OF CHAUTAUQUA, STATE OF NEW YORK

IDENTIFIED AS TAX PARCELS: 398.08-2-14, 15, 38, 39

WILL BE OFFERED FOR SALE AT PUBLIC AUCTION

FRIDAY, NOVEMBER 11, 2016. BIDDING TO BEGIN AT 5 PM

 Sale Parcel: Tax Parcels 398.08 – 2 – 14, 15, 38 & 39

Four village lots with approximately 64’ of road frontage on West Main Street and a depth of 130’ in an rectangular shape, has a two story row Building with approximately 5,000 square foot of 1st. floor showroom Space and 3 residential apartments upstairs also approximately 56’ of road frontage on North Main Street and a depth of 212’ in an irregular shape with a two story Single family home and garage.

The sale parcels will be offered as one auction parcel

(1.)  This property is being offered for sale “AS IS, WHERE IS”, with no guarantees or warranties of any sort, either actual or implied, including but not limited to septic system, water system, plumbing, heating, electrical, interior and exterior of all buildings, any fixtures, and the land. The purchaser is responsible to pay for a Chautauqua County health department sewer and water test at closing and the purchaser is responsible to pay for any and all repairs or updates if required.

(2.)  All property boundaries are approximate, and no guarantees of any kind are given with respect to the acreage shown on tax maps or referred to in any existing deeds, surveys, or sale literature. If a land survey is desired or required, Purchaser may order one at his or her expense, to be completed before closing.

(3.)  Prospective Purchasers are responsible for inspecting the property, being knowledgeable about its physical condition and any existing zoning regulations, leases, easements, rights of way, or other restrictions regarding its use, and understanding closing costs and fees, PRIOR TO THE AUCTION.

(4.)  The sale will be subject to the approval of the Sellers’ within 48 hours of the auction. The Sellers’ reserves the right to accept or reject any and all bids, for any reason whatsoever.

(5.)  The successful high bidders will immediately sign a Contract for Sale of Real Property and will place $ 3,500.00 in the form of cash or good check with Mike Peterson Auction & Realty Service, to be held in their escrow account until closing. 

(6.)  The deposit will NOT be refunded if the sale is not completed due to the default of the Buyer for any reason and therefore will be forfeited to the sellers.

(7.)  The deposit WILL be refunded in full to the Purchaser if the sale is not completed due to the default of the Sellers for any reason.

(8.)  The BALANCE will be due AT CLOSING, ON OR BEFORE DECEMBER 23, 2016. POSSESSION will be granted at closing.

(9.)  The Seller shall furnish WARRANTY DEED to the Purchasers, free and clear of any liens or encumbrances, subject to any leases, easements, rights of way, or deed restrictions of record. All sellers’ gas, oil, and mineral rights will be conveyed to the Purchasers.   

(10.)  CLOSING COSTS - The Seller will pay for the Title Search update, Purchaser will pay for all other closing costs including Revenue Stamps, TP 584 Filing Fee, Deed Recording Fee, RP5217 Filing Fee, and any costs in obtaining financing.   Each will pay own attorney fees.

(11.)  PROPERTY TAXES will be PRORATED as of the CLOSING DATE. 

(12.) RENTS will be retained by seller for the month of closing. There are no security deposits to transfer

(13.)  Michael W. Peterson is acting only as Sales Agent for the Seller. 

ANY  ANNOUNCEMENTS  MADE  BY  THE  AUCTIONEER  ON  THE  DAY  OF  THE SALE  WILL  TAKE  PRECEDENCE  OVER  ANY  PRINTED  MATERIAL.

SELLER:   Carol Adamson, Estate of William Adamson / Norm Green executor              

AUCTIONEER / BROKER:     

Michael W. Peterson, Mike Peterson Auction & Realty Service

           1432 Kiantone Road, Jamestown, New York 14701

           Telephone:  716- 484-3387  Fax:  716-661-9629

           E-mail:  peteauction@hotmail.com  




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