Thursday, April 27, 2017
Cates Auction & Realty Co., Inc.
From south: I-35 to NE Antioch Road, north to Old Antioch Rd., east to NE 63rd Terr., right to N. Kansas Ave., south to 63rd Street, west to address on left. From North: MO-152 to Hwy 1/Antioch Rd., south to NE 64th Street, east to N. Kansas Ave., south to 63rd Street, west to address on left.
“ONLINE ONLY” REAL ESTATE BIDDING
AUCTION TERMS AND CONDITIONS
Proper and complete online registration is required to bid. All bidders must provide name, address, phone number, and email address to register. A credit card (MC, Visa or Discover) is required to actually place a bid on the property. The credit card will be validated before bidding access is granted, but is not a recognized form of payment of the deposit or purchase price. Should a Winning Bidder fail to complete the contract signing process, the required deposit will be charged to the credit card provided at registration. By registering, all bidders acknowledge having read and agree to be bound by the Auction Terms and Conditions. Bidders may register prior to, or during the bidding period. At registration bidders are given the option of receiving emails confirming their individual bids and/or when they are outbid.
The only way this property may be purchased is via online bidding during the published bidding period. (If you need assistance placing a bid or prefer to submit a bid in person, please call our office for assistance. 816-781-1134) To place a bid, bidders enter their “maximum” bid and click the “Place Bid” button. Each time that bidder is outbid by another bidder, the system will automatically bid on their behalf at the established bid increments up to their maximum. In the case of an auction with a reserve, if the max bid amount entered is less than the reserve, the system will place the bid at the max amount. Once the reserve is met, then the system will advance the bid (by the bid increments) only when the bidder is outbid by another bidder, up to the bidders max. The Auctioneer does not know any bidder’s maximum bid. The system will not advance a bidder’s own bid. Online-only auctions utilize the “Soft Close” feature that automatically extends the bidding time if a bid is received in the last 2 minutes of the published bidding period. The extensions will continue until 2 minutes have lapsed without any bidding activity, at which time the auction is concluded.
A buyer's premium of ten percent (10%) or $2,500.00, whichever is greater, of the high bid shall be added to that bid and included in the total purchase price to be paid by the successful bidder(s).
Sample calculation -- High bid = $50,000
Buyer’s Premium = $ 5,000 (10% of 50,000)
Total purchase price = $55,000
Financing is not a contingency of sale in this offering. Therefore, it is strongly recommended that potential bidders ensure in advance that they are able to obtain the necessary financing to close the transaction.
At the conclusion of the auction the Winning Bidder will receive an email confirming his or her winning bid status. In this or a subsequent email the Winning Bidder will receive a link to sign all documents electronically along with wiring instructions for submitting the required earnest money deposit to the named title company.
The Auctioneer or his representative will contact the Winning Bidder the following morning to address any questions concerning the required process. Should the electronic processes described above be unavailable, alternative arrangements will be made. In any event, the contract signing and deposit payment process must be completed by close of business on the day following the auction conclusion. A Winning Bidder whose documents and deposit are not received within the required timeframe is subject to paying a liquidated damages amount equal to the down payment (charged to the credit card used at registration) and will not be allowed to bid in any future Cates Auction & Realty auction events. Note that property-specific purchase documents are available prior to the auction end date and any professional reviews of such documents should be undertaken PRIOR to bidding. All final bids are subject to Seller’s reserve, unless advertised otherwise. Any property with a high bid exceeding the Seller’s reserve will be declared “sold” by the Auctioneer. In instances where the seller’s reserve was not met in the auction, the signed contract and accompanying deposit will be presented to the Seller for approval, which shall be given or denied in the Seller’s sole discretion within 5 business days. If approval is denied, all documents and the deposit will be returned immediately.
DOWN PAYMENT (DEPOSIT):
The Winning Bidder shall be required to make an earnest money down payment equal to 5% of the total purchase price OR $2,500.00, whichever is greater. This deposit must be paid by wire transfer (or by certified funds), by close of business the day following the bidder being declared the Winning Bidder. Winning Bidders whose documents and deposit are not received within the required timeframe are subject to paying a liquidated damages amount equal to the down payment (charged to the credit card used at registration) and will not be allowed to bid in any future Cates Auction & Realty auction events.
The Winning Bidder shall close within 45 days of the auction date, unless stated differently in the Purchase Agreement.
EVIDENCE OF TITLE:
Seller shall furnish at seller’s expense an Owner’s Policy of Title Insurance in the amount of the total purchase price and shall execute a general warranty deed conveying the real estate to the buyer(s).
REAL ESTATE TAXES & ASSESSMENTS:
2017 taxes are to be prorated as of the closing date.
EASEMENTS AND LEASES:
Sale of said property is subject to any and all easements of record and any and all leases.
Cates Auction & Realty Co., Inc. and its representatives are Exclusive Agents of the Seller.
A commission of 3% of the high bid (unless a different percentage is stated in the property’s MLS listing) will be paid to any properly licensed Broker who registers a successful buyer according to the appropriate Broker Participation Agreement. This form is available from the Auction Company and must be completed and returned no later than 48 hours prior to the auction end date.
DISCLAIMERS AND ABSENCE OF WARRANTIES:
The information in the auction advertising was obtained from sources believed to be accurate, but is subject to verification by all parties relying on it. All sketches and dimensions are approximate. No liability for its accuracy, errors or omissions is assumed by the Seller or the auction company. All bidders are responsible for conducting their own inspections, investigations, inquiries and due diligence concerning the property. The property is being offered on an “AS IS”, “WHERE IS” basis and no warranty or representations, expressed or implied, is made by the Seller or the auction company. All information contained in the advertising and all related materials are subject to the terms and conditions outlined in the purchase agreement. The Auctioneer reserves the right to bid on behalf of the Seller up to, but not beyond the Seller’s reserve (if applicable). This property is available for and subject to sale prior to auction.
As exclusive agents for the Seller, the Auctioneer has a fiduciary obligation to present any and all offers to the Seller. Therefore, all properties are subject to pre-auction sales. Pre-auction offers must meet all auction terms and be submitted to the Auctioneer on the Real Estate Sale Contract along with the required deposit. Properly submitted offers will be presented to the Seller, who may accept or reject such offer in their sole and absolute discretion.
We hope you enjoy bidding in the online auction!
The seller of this property has accepted a pre-auction offer and the property has sold.
No minimum bid on this well-maintained 3BR/2.5BA raised ranch home. Spacious family room addition. New roof 2014. Partially finished walk-out basement.
The seller of this property has accepted a pre-auction offer and the property has sold. (See auction terms regarding pre-auction offers.) The personal property will sell as scheduled on 4/30/17 and details can be found HERE. Thank you for your interest in this property.
2709 NE 63rd Street, Gladstone, MO 64119
No minimum bid on this well-maintained one-owner 3BR/2.5BA raised ranch home. Spacious family room addition. New roof 2014. Partially finished walk-out basement. Could use some updating. Sits on a corner lot at the end of a quiet street. First time available!
LIVING ROOM: 24x11 Large front double window plus windows to the north and west, coat closet, hardwood floors under carpet.
DINING ROOM: 11x9 Center chandelier, double window to south, coat closet, pocket door to kitchen, hardwood floor. (Could be 4th bedroom or flex room.)
KITCHEN: Galley style. Black appliances (all stay): GE Spacemaker XL over range built-in microwave, Frigidaire Gallery side-by-side refrigerator with in-door dispenser, Frigidaire UltraQuiet III dishwasher. Corian style counter tops. Pass-through window to family room. Pocket door to dining room. Carpet.
BREAKFAST ROOM: Center chandelier, wood slider doors to deck. Carpet.
FAMILY ROOM: 16x15 Double windows to south and west, ceiling fan, coat closet, pass-through window to kitchen. Ancillary GE HVAC unit. Exterior entry to east with sidewalk access to driveway. Carpet. (Built approx. 1980)
HALF BATH: Sink and toilet. Carpet.
MASTER BEDROOM: 12x11 Ceiling fan w/light, windows on the east and south, double closet, hardwood floor
MASTER BATH: Shower, single vanity, window to south, vinyl floor
BEDROOM 2: 9x11 Windows to east and north, closet, hardwood floor.
BEDROOM 3: 8x12 Window to north, vintage brass chandelier, closet, hardwood floor.
HALL BATH: Shower/tub combo, single vanity, exhaust fan, partially tiled walls.
DEN: Two living areas. Carpet. Connects to laundry; walks out to garage. Piering work behind paneling (2008).
LAUNDRY: Work sink, cabinets
GARAGE: Oversized with workshop and storage space, shelving. Dual doors with openers.
FEATURES & IMPROVEMENTS:
- Exterior caulked and painted March, 2016
- Driveway resealed 2016
- Roof replaced August, 2014
- Foundation corrected 2008
- Windows replaced 2003
- Hardwoods under carpets
- Fenced back yard
- Carrier Weathermaker 8000 HVAC
- Sump pump
- One-owner home - first time available!
- 1-year home warranty included!
As the seller has moved to assisted living, she has chosen to sell her home and contents without reserves at public auction.
Per the published auction terms, this property is available for sale prior to the auction. To qualify, all pre-auction offers must meet all auction terms and be submitted on the provided Cates Real Estate Sale Contract along with the required deposit. All qualifying offers will be presented to the Seller for a timely response. Please contact our office for assistance if needed.
Disclosure: This property is under continuous video surveillance.
To see the personal property associated with this auction click HERE.