|Real Estate - 300 E. Porte Cimi Pas St., Kansas City, MO 64114|
1) This is an online only auction. All bidding will take place on the auction company's online bidding platform.
2) Bidding will end on Monday, October 24, 2016, at 6:00 p.m. central time, with a soft close, meaning that a bid within the final minutes will extend bidding by an additional 8 minutes. This will continue until there is an 8 minute interval without a bid. Bidding is not contingent upon financing.
3) There will be a 3% buyers premium added to the final winning bid, to arrive at the contract sale price.
4) The winning bidder will enter into a contract to purchase, which will be sent the the winning bidder via email. The contract must be returned to the auction company (hand delivered, scanned and emailed or faxed) by 5:00 p.m. central time, on Tuesday, October 25, 2016.
5) The sale of this property is subject to the approval of the owner.
6) 5% of the contract sale price will be due as a down payment, and shall be submitted to Coffelt Title Company, Overland Park, KS, in the form of a personal, cashiers or business check, to be in possession of Coffelt Title Company by 5:00 p.m. central time on Tuesday, October 25, and to be held in escrow with Coffelt Title Company, Overland Park, KS.
7) Closing shall be conducted by Coffelt Title Company, on or before November 21, 2016.
8) Possession shall be given to buyer at closing.
9) Seller shall provide title insurance in the amount of the contract sale price. Title shall be conveyed by a general warranty deed.
10) Seller has paid 2015 and all prior year real estate taxes. 2016 taxes shall be prorated to the date of closing.
11) This real estate sells As Is, Where Is, with no warranties expressed or implied, and no contingencies whatsoever.
12) If internet service or functionality of the website fails in any way, bidder shall have no claims against Iman Auction Company or anyone else.