Monday, April 30, 2018
United Country Great Plains Auction & Real Estate
1) $25,000 minimum bid to open the auction. 2) 5% Buyers Premium added to the high bid to determine the final purchase price. 3) $10,000 down at signing of contract 4) Balance due in certified funds at close of escrow. 5) 3% paid to buyer agents with an out-of-county buyer registered 48 hours prior to auction on form provided by listing office. Contact broker. 6) Property sells in as-is disclosed condition with absolutely NO contingencies.7) Property taxes will be pro-rated to the date of closing.8) Buyer and seller will split owner's policy of title insurance and closing company fee 50/50.READ FULL TERMS & CONDITIONS BELOW:1.In order to register and participate in this auction, all prospective bidders are required to register with the internet auction provider at the area indicated and provide a credit card as proof of identification prior to being issued a buyer's number before the auction. No transfer shall be recognized from one buyer to another.2.A five percent (5%) buyers premium is in effect for this auction. 5% will be added to the high bid at auction to determine the full purchase price of the property.3.Earnest money: If bidder is successful, the non-refundable amount of ten thousand ($10,000) dollars in certified funds, personal check, or cash will be tendered and made payable to Coombs, Hull & Smith, LLC and will be deposited into their escrow account. Said Escrow Company shall also handle all closing matters. Balance shall be due and payable, in certified funds, at closing on or before June 1, 2018. Time is of the essence in this transaction.4.Property is offered and is accepted by buyer(s) in current "as-is" condition with any and all faults and with positively NO contingencies.5.This is a minimum starting bid auction. The property will sell to the highest bidder at or above the minimum starting bid of twenty-five thousand ($25,000) dollars.6.Plats shown herein and the description of any improvements are for informational purposes only, and no representations, warranties or guarantees are made concerning locations, dimensions, or tract size or nature, quality or suitability for use of the tract for any improvements. All information, concerning properties, has been gained from Neosho County courthouse records.7.The property shall transfer by Deed that is acceptable by Title Company, subject to seller obtaining merchantable title free and clear of any and all liens. Seller and Buyer will split the cost of owner's policy of title insurance and the closing agent's closing fee, only, 50/50. No other closing costs or title insurance costs will be paid by the seller. 8.Once bidding is declared closed by auctioneer, there shall be no further bidding. In the case of a disputed bid, the Auctioneer will use his judgment as to good faith of all claims and his decision is final.9.Should a dispute arise after the auction, auctioneer's records shall be conclusive in all respects.10.This is a privately owned and operated auction. We reserve the right to refuse admittance to any person(s). 11.Auctioneer and/or seller reserves the right to withdraw the property prior to auction.12.Bidder agrees to the above Terms and Conditions of the auction prior to receiving a bid number. 13.The above stated Terms and Conditions of Auction cannot be altered except in writing by all parties of the contract or by verbal changes to terms given by Broker or Auctioneer at the time of Auction. 14.Bidder does hereby indemnify and hold harmless Auctioneer/Real Estate salesman, broker, and Seller from any and all damages, claims or liabilities from injuries to person or property of any type whatsoever, caused during auction.15. United Country - Great Plains Auction & Real Estate listing broker Lance Fullerton is a seller's agent in this transaction and represents the seller not the buyer. 16.All buyer brokers must be present at signing of purchase contract and closing with their client(s) and register, on form provided by auction company, no later than forty-eight (48) hours prior to scheduled closing time of auction in order to receive compensation.
Chanute, KS US
Nice commercial building in historic downtown Chanute, KS. selling at internet-only auction on April 30, 2018. This spacious building offers approx. 2,200sq.ft. of space with a front reception desk, 4 offices, a vault, men's and women's restrooms, and a large break/lounge area with kitchenette and shower. Outside the rear entrance is a covered carport area for easy, dry access on rainy or snowy days. This brick building offers carpeting throughout and extra security in the large vault room. Included in this nice property is plenty of off-street parking in the large asphalt-paved lot adjoining the building. In addition, this property offers a prime commercial location in the historic downtown district and is just 1 block north of Main St. in downtown Chanute.