Real Estate Terms
Down Payment: $5000 Down Payment on the day of auction with the balance in cash at closing. The down payment may be made in the form of cash, cashier’s check, personal check or corporate check. Your bidding is not conditional upon financing so be sure you have arranged financing if needed and are capable of paying cash at closing.
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. The final bid is subject to the Sellers acceptance or rejection.
Evidence of Title: Seller shall provide an owners title insurance policy in the amount of the purchase price.
Deed: Seller shall provide a Deed.
Closing: The balance of the purchase price is due at closing which will take place within 30 days of presentation of insurable title and installation of the new septic system. Closing costs shall be split by the Seller and Buyer 50/50.
Possession: Possession shall be the day of closing immediately after closing.
Real Estate Taxes: Real estate taxes will be prorated to the day of closing. There is a Homestead Exemtion on this property. Yearly taxes are $1404.64.
Survey: A new boundary survey will be completed only if necessary for Title commitment. The Seller shall determine any need for a new survey and shall order the survey. The cost of the survey will be split by the Buyer and Seller 50/50.
Septic System: The current septic system will be pumped by the Sellers and a receipt given to the Buyers at closing.
Home Warranty: The home is being sold “As-is” in its current condition. The Sellers are providing a 1 year Residential Home Warranty.
Propane Tank and Grain Bins: The Propane Tank and Grain Bins are owned by the Sellers and will be sold separately during the personal property auction.
NOT SUBJECT TO APRAISAL OR FINANCING. ALL SALES ARE FINAL AND SOLD AS IS.
*There will be a 3% buyer’s premium to be paid at closing.*
Real Estate will be sold online and live on site. Find your peace and quiet here in the country! 2.78 acres surrounded by farm fields. This property offers so much with a 2094 sq.ft. 3 bedroom 2 full bath home, outbuildings for storage and hobbies, garden area and orchard trees just loaded with apples! Stove top and oven will remain with the sale. All other appliances, propane tank and grain bins will be sold separately at the personal property auction. The grain bin/ tiki bar does remain and will offer a relaxing spot enjoy your evenings with friends. There is gas forced air and air conditioning, a 200 amp electric system, 6" well and water softener. The list price is based on the tax assessment but will sell for more or less.