A 5% Buyer's Premium will be added to the final Sales Price. All applicable taxes will be assessed based on the sum of the sales price and buyer's premium.
BIDDING INFORMATION AND REQUIREMENTS
1. This is an online-only auction.
2. Once a bid has been received, it cannot be removed.
3. Buyers Premium - The successful bidders will be charged a 5% buyer’s premium.
4. This amount will be added to the accepted purchase price.
5. Unless it is an absolute auction, the seller’s agent reserves the right to bid in order to protect the seller and their investment. The seller’s agent will only bid an amount required for the parcel to be sold by the seller.
6. Automatic extension of bidding: at the conclusion of the bidding, if a bid is received at the last minute, an extension of 5 minutes will be given for additional bidding. If no bids are received within the 5-minute period, the last bid will be presented to the seller.
7. All bids are subject to the seller’s acceptance. Purchase agreements will be scanned to the successful bidders following the auction for signature. The signed agreement is then to be scanned back to Stanton’s for the seller’s acceptance.
8. Earnest Money - Five (5%) percent of the total purchase price is required to be sent to Stanton’s Auctioneers in the form of a cashier’s check, certified check, or wire within 48 hours. This is an earnest money deposit which will be applied to the purchase price at the time of closing.
9. The deposit (earnest money) is non-refundable if the purchase does not close
10. Stanton’s auctioneers reserve the right to negotiate final sales on behalf of the seller.
11. Bidding Increments - $25,000 - $500,000 = $1,000.00
CONDITIONS OF THE SALE
1. Taxes will be prorated to the date of closing in arrears on a calendar year basis
2. The seller will provide an Owner’s Policy of Title Insurance to the purchaser.
3. Stanton’s Auctioneers reserves the right to cancel bids and privileges of any party at any time
4. Closing is to take place within 30 days following the auction unless an additional 10-15 days is required for financing. In that event, the lending institution must send a letter to Stanton’s confirming that the loan has been approved, but that an additional 10 15 days will be required for the closing.
5. This property is being sold in “As-Is, Where-Is” condition with no expressed or implied warranty of any kind.
For questions or additional information, contact Stanton’s Auctioneers and Realtors. Stanton’s Auctioneers & Realtors 144 S. Main, Box 146, Vermontville, MI 49096 517-726-0181 office, Email – stantonsauctions@sbcglobal.net Website – www.stantons-auctions.com Steven E. Stanton, (517) 331-8150 Email – stevenestanton@gmail.com W
Bellevue, Michigan 49021
United States
Open Houses - Sunday, October 23 from 1 - 2:30 PM. & Saturday, Nov. 5 from 9:00 - 1 PM
Flyer with terms and conditions now posted under documents