Auction Information
Auctioneer Real Living Ness Bros. Real Estate & Auction Co. 260-356-3911
Auction Date Jul 07 Auction
Location
3618 N 300 E
Marion, IN
Time 09:30AM
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AuctionZip Auctioneer ID# 9087
Real Estate & Personal Property
AUCTION

Country Home on 16 Acres Offered in 4 Tracts

Sat. June 7 @ 9:30 am
Real Estate Sells 1st

OPEN HOUSE(S)
Sunday, June 17 & 24 @ 1:00 - 2:00 pm
Tuesday, June 26 @ 5:00 - 6:00 pm

Directions: Located 2 miles north of Marion on St Rd. 9 to Bocock Rd. thence east 2 miles to 3618 N-300 E Marion, In.

Real Estate Information:
Tract 1 = 5.54 Acres w/ Home & Building
Tract 2 = 5.54 Rolling Acres
Tract 3 = 2.77 Rolling Acres
Tract 4 = 2.77 Rolling Acres
* Bid on Individual Tracts or Combination of Tracts

Personal Property Sample:
Whirlpool Appliances
Household & Antique Furniture
Vintage & Collectible Items
Kitchen Items & Decor
Lawn & Garden Tools

Inspect - Arrange Financing - Bid your Price

Auction Manager is Steve Ness - Contact 260.417.6556

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Auction Terms & Conditions:

BIDDING PROCEDURE BUYER'S ARE TO FOLLOW WITH NO WAIVER

DATE: July 7, 2018

SELLERS:      Martha L. Porter

LOCATION: 3618 N 300 E., Marion, IN.

LEGAL DESCRIPTION: 02-03-745 M PT S NW SEC 22  16.63 A

 

---  BIDDERS PACKET: All bidders must have registered for the auction and received a Bidder’s Packet which includes all documents that the buyer will be signing.

 

---  CONDUCT OF THE AUCTION:  Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer.  The seller and selling agents reserve the right to preclude any person from bidding if there is any question as to the person’s identity, credentials, fitness to bid, financial ability to buy, etc.  All decisions of the Auctioneer are final.

 

---   PROCEDURE:  The property will be offered in 4 individual tracts or as a whole unit with a total of 16.63 acre unit.  There will be open bidding on each tract and a combination of tracts during the auction as determined by the Auctioneer.  Bids on tracts and the total property may compete.

 

---  AGENCY DISCLOSURE & GENERAL OFFICE POLICIES:  Ness Bros. will represent the Seller exclusively

      unless a Ness Bros. Agent has a signed buyer agency agreement with Buyer, then that agent has a limited agency

      with Buyer. 

 

---  DISCLAIMER & ABSENCE OF WARRANTIES:  All information contained online or in the brochure and related material is subject to the terms and conditions outlined in the Purchase Agreement.  The Property is being sold on an "AS IS, WHERE IS" basis.  No warranty or representation, either expressed or implied, concerning the Property, its condition, or the condition of any other components on the Property, is made by the Seller or Ness Bros.  All sketches and dimensions online or in the brochure are approximate.  The information contained online or in the Brochure is subject to verification by all parties relying on it.  No liability for its accuracy, errors, or omissions is assumed by the Seller or Ness Bros.  Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. 

 

---  TERMS:  Earnest Money of 10% down or $2,500.00, whichever is greater the day of Auction, balance is due in full upon delivery of the merchantable title and deed free and clear of all liens and encumbrances except as stated herein and subject to easements or restrictions of record. A Buyer’s Premium of 5%, or minimum of $2,500, whichever is greater will be added to final bid and included in the total contract price.  All bids accepted on the Real Estate subject to Sellers approval.

 

---  TITLE POLICY:  A preliminary title policy has been prepared by Lime City Title Co., which will be preparing the final title policy plus conducting the Closing.  Seller and Buyer agree to use Lime City Title. 

 

---  CONDITIONS:  No offer shall be accepted that is contingent on financing.  The Earnest Money will be totally forfeited in the event the Seller accepts the successful bidder's Purchase Agreement in writing and the successful bidder subsequently refuses to proceed to Closing.

---   EXECUTION OF PURCHASE AGREEMENT: The successful bidder has earned the right to make an offer to the

      seller; no sale has been completed. The bidder will be required to execute a Real Estate Purchase Agreement

      immediately following the close of the auction.  Buyer's offer expires 11:59 P.M. (local time) seven days after the

      auction date, unless Seller timely accepts it; the Earnest Money will be returned if Seller does not accept the successful bid, subject to any required approvals.

 

---  TAXES: Seller shall pay real estate taxes which are payable during the year in which Closing occurs. Buyer shall assume and pay real estate taxes due and payable in May, 2019. 

 

---  GUARANTY:  Any individual submitting a bid or signing the Purchase Agreement on behalf of any entity agrees to be individually bound by all these terms and conditions and individually responsible for payment of the Earnest Money and the balance due.

 

---  POSSESSION:  Tract 1:  15 days after closing, subject to tenant rights. On  the cropland possession  will after harvesting the 2018 crops. Tract 2-4: Day of closing subject to tenant rights and after the harvesting of the 2018 crops.

 

---  SURVEY:  Buyer will pay any new survey for any parcel where there is no existing legal description or where new boundaries are created by the tract division at the Auction or if seller determines a new survey is needed. Seller will furnish only one title policy on any combination of parcels that are purchased as one unit.  Any offers accepted by the seller herein will be subject to the final approval of the Grant County Indiana Planning Commission.  If above conditions are not approved, this agreement becomes null, void & of no force & effect & earnest money shall be refunded to buyers.

 

 

---  CLOSING: Balance of the purchase price is due in cash at closing, which will take place on or before the Forty Fifth (45th) day following the Accepted Date.  The fee charged by any closing agent, including an attorney acting as a closing agent for both parties, or Buyer's lender acting in such capacity, for closing services shall be paid equally by the parties.  Buyer will be responsible for paying a $245.00 administration transaction commission payable to Ness Bros.

 

---  AUCTIONEER RESERVES: Auctioneer Reserves the right to make changes to an auction, to split or combine lots, cancel, suspend or extend the auction event. 

 

NOTE:  Neither the Seller nor Ness Bros. is responsible for any personal property left in the residence and buildings, or on the land after the Real Estate possession is granted to Buyer and will be inherited by the new buyer.

 

STATEMENTS MADE THE DAY OF AUCTION TAKE PRECEDENCE OVER PREVIOUS PRINTED MATERIALS OR ANY PREVIOUS ORAL STATEMENTS

 

 

 

 




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