Thursday, May 12, 2022
Mayo Auction & Realty
Deposit: To register for this real estate auction, the buyer must agree to deliver a nonrefundable deposit of 10% of the high bid to our office via cashiers check written to VANTAGE LAND TITLE or via wire transfer to Vantage Land Title, and execute a purchase agreement within 2 days of the auction end. The deposit must be in the form of a cashier’s check or wire only. Failure to pay the remaining purchase price by the due date of June 30, 2022, will result in the forfeiture of the deposit, and other sanctions at the Auctioneer’s discretion. Purchasers may extend the closing date by 30 calendar days by posting an additional non-refundable deposit of 5% of the winning bid amount. • Be it understood that Agora Realty Group advises all potential buyers to seek legal counsel if for any reason they do not understand any part of the auction’s TERMS and CONDITIONS. The buyer confirms that by placing their signatures below, they have inspected the subject property to their satisfaction for their intended uses, and further understands that he/she agrees to all of the terms and conditions for this auction. Agency Disclosure: • It is clearly understood and agreed by the parties hereto, Agora Realty Group is the selling agent, and all parties employed by or associated with Agora Realty Group represent the Seller in this transaction. Further, the Buyer confirms that verbal disclosure of representation was provided to them prior to signing this agreement. THIS IS AN INTERNET ONLY AUCTION - If you prefer to turn in a bid in person, please call the office at 816-361-2600 to make arrangements. Buyers Premium: A 10% buyer's premium will be added to the final bid. If you bid $10,000.00 the total sale price will be $11,000.00. Possession: All real estate remains titled to the seller until the sale is declared complete by the Auctioneer, the balance of the purchase price is paid, and a deed is recorded in favor of the purchaser. Until that time, the purchaser may not take possession of or otherwise enter upon the real estate. All interested bidders are admonished to consult legal counsel regarding their rights to possession after winning a sale auction. Easements: The sale of this property is subject to any and all easements of record. Real Estate Taxes: Real Estate taxes and assessments shall be prorated through the date of sale and shall be paid out of the purchase price using the Montgomery County short proration method. Purchase Agreement: The successful bidder shall execute a purchase agreement within 2 days after being declared the winning bidder by the auction company. Please Note: The purchase agreement will offer no contingencies, including but not limited to financing. Terms: The property is being sold “AS IS, WHERE IS” without warranty or guarantee of any kind. Each potential buyer is encouraged to perform his/her own independent inspections, investigations, inquiries, and due diligence concerning the described property prior to bidding. Agency Disclosure: Agora Realty Group is the selling agent and all parties employed by or associated with Agora Realty Group represent the Seller in this transaction. Financing: Financing is allowed as long as preapproval is sent to [email protected] AND [email protected] Title Company: The successful bidder shall pay the balance of the purchase price on or before June 30, 2022. Closings shall be through Vantage Land Title, 6450 Poe Ave, Suite 109, Vandalia, OH 45414, which shall insure marketable title to each property. Purchasers wishing to close through a different title agency may pay a $1,000.00 title reassignment fee to do so. The Auctioneer makes no representations or warranties regarding the state of title of the real estate and improvements being sold. All persons interested in bidding are admonished to consult public records and legal counsel prior to entering a bid, and to work with a title insurer to obtain title insurance. Broker Participation: To qualify for a three percent (3%) Buyers Agent Commission, all licensed real estate agents must register their client prior to the auction end by submitting a broker participation form. No registration forms will be accepted after 5/12/2022 at 7:00 PM. Backup Bids: In the rare event that the winning bidder is unable to close on this transaction, we will refer to the next highest bidder in line. Extend All/ Dynamic Closing: The closing time of all properties are automatically extended an additional 5 minutes whenever a bid is placed within the last 5 minutes of the auction closing time on any of the properties listed in this auction. Warranty and Condition of Items Sold: All sales are made “as is, where is” and caveat emptor. The Auctioneer makes no representations or warranties, and assumes no liability for the condition of the real estate and improvements being sold including, but not limited to, any environmental or hazardous conditions that may exist within, under, around, or near said real estate and improvements. Catalog Discrepancies: You are bidding on the described item(s), not the photograph, occasionally the wrong photo may be displayed, always read the item description and do your own research about the item(s) you are bidding on. The auctioneer reserves the right to add or remove items from the auction; split or combine lots; add minimum bids or reserve prices; cancel, suspend, extend or reschedule an individual item or auction event. The auctioneer reserves the right to make changes to the auction closing times or inspection or removal times. The Auctioneer makes no representations or warranties as to the state of any utility accounts associated with the real estate. All persons interested in bidding are admonished to contact the appropriate public utility or municipality to confirm the status of those accounts. The Auctioneer may not give you legal advice. THESE TERMS AND CONDITIONS MAY BE MODIFIED OR EXPANDED BY INFORMATION POSTED IN EACH INDIVIDUAL AUCTION. In addition to completing this form, and in order to place your bid, you will need to create an account and register online for this auction. If you already have an account set up, you can log in and register for this auction to then be approved and place your bid. Once you have completed both the form and the online registration, you will receive an email from our office letting you know that you are approved to bid and can place your bid at any time. AUCTION TERMS AND CONDITIONS All persons seeking to bid must be registered before being authorized to bid. The registration form will require you to state, to the best of your knowledge and belief, that the information you provide is true, correct, and complete under penalties of perjury. If you are an individual, before you will be authorized to bid, you must provide to the Auctioneer your name, mailing address (which may not be a P.O. Box) electronic mail address, telephone number and, if applicable, financial transaction device information. If you are an entity, before you will be authorized to bid, you must provide the Auctioneer with your legal name, trade name if different from your legal name, state and date of formation, active status with the office of the secretary of state, mailing address, telephone number, financial transaction device information if applicable, the name of an individual contact person for the entity, the contact person’s title, mailing address (which may not be a P.O. Box), electronic mail address, and telephone number. All winning bidders shall be required to provide the Auctioneer with a Purchaser Information Form. Auctions may be postponed at any time upon request of the seller. Therefore, auctions may be canceled at any time without notice. In such a case, any bids submitted prior to the cancelation of the sale shall be void. Real estate taxes and assessments shall be prorated through the date of sale and shall be paid out of the purchase price using the Montgomery County short proration method. The Auctioneer will record the deed to the winning bidder only after full payment of the purchase price. None of the real estate up for auction will have been appraised by the Auctioneer unless otherwise stated. For the auction of residential property, the winning bidder shall be required to make a sale deposit, immediately at the end of the auction, as follows: The deposit shall be equal to 10% of the winning bid and shall be non-refundable except in the event Seller is unable to convey marketable title. For the auction of commercial property, the sale deposit terms shall be as advertised. A winning bidder shall pay the balance of the purchase price by June 30, 2022. Closings shall be through Vantage Land Title, 6450 Poe Ave, Suite 109, Vandalia, OH 45414, which shall ensure marketable title to each property. Purchasers wishing to close through a different title agency may pay a $1,000.00 title reassignment fee to do so. Buyer acknowledges they are purchasing the real estate in “As – Is” condition with a clear, marketable and insurable title being the only guarantee, and that the buyer has been given all opportunities to inspect the property prior to bidding. Failure to pay the purchase price by the due date of June 30, 2022, may result in the forfeiture of deposit, and other sanctions at the Auctioneer’s discretion. Purchasers may extend the closing date by 30 calendar days by posting an additional non-refundable deposit of 5% of the winning bid amount. Except for specified times, real estate up for auction is not generally available for viewing or inspection prior to the auction deadline. All sales are made “as is, where is” and caveat emptor. The Auctioneer makes no representations or warranties, and assumes no liability for the condition of the real estate and improvements being sold including, but not limited to, any environmental or ha...
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Contact Craig Kellogg for more information by visiting their website at agorarealtynow.com or by calling 937-520-9200.