Real Estate Auction Terms

1592 S 600 E Columbia City, IN 46725

Thursday September 8th, 2022 – 6:00 PM

Procedure: The property is being offered by public auction with reserve. There is .93 acres included. There will be online bidding available and the live auction that will start September 8th at 6:00 p.m. When the live auction starts the auctioneer will open with the online bidder’s highest bid. Online bidding will close when the live auction starts.

Agency: Bartkus Auctioneers Company and its representatives are exclusive agents of the Seller.

Down Payment: a non-refundable $5,000 down payment on the day of auction with the balance in cash at closing. The down payment may be made in the form of cashier’s check, personal check, or corporate check. Your bidding is not conditional upon financing.

Acceptance of bid: The Successful bidder will be required to enter into a purchase agreement at the auction site immediately following the close of the auction.

Evidence of Deed and Title: Seller shall provide a deed and owners title insurance policy in the amount of the purchase price at closing.

Closing: The balance of the purchase price is due at closing which will take place within 30-45 days presentation of insurable title. Closing costs for an insured closing shall be split by the Seller and Buyer 50/50.

Possession: Possession will be given at closing.

Real Estate Taxes: Real estate taxes will be prorated to the day of closing. There are no exemptions on this property. Taxes being $866.00.

Survey: If lender requires a survey, it will be split 50/50 by buyer and seller.

Non-assignability By Purchaser: Purchaser's interest in this agreement may not be transferred or assigned, in whole or in part, without the prior written consent of Seller.

Online Bidding Available: You may bid online now until the end of the Live auction at www.bartkusauctioneers.com. For online bidding information, call Bartkus Auctioneers at 260-433-8117. BIDDER PRE REGISTRATION STRONGLY ENCOURAGED!

Technology Disclaimer: Bartkus Auctioneers and vendor, make no warranty or guarantee that the online bidding system will function as designed on the day of the sale. Technical problems can and sometimes do occur. If a technical problem occurs and you are not able to place your bid during an online auction, Bartkus Auctioneers and vendor will not be held liable or responsible for any claim or loss, whether actual or potential, as a result of the technical failure.

NOT SUBJECT TO APPRAISAL OR FINANCING. ALL SALES ARE FINAL AND SOLD AS IS. ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

*There will be a 3% buyer’s premium to be paid at closing. *

Auction to be held at 1592 S 600 E Columbia City, IN 46725

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