Name 2 Total Restoration Needed Houses Sell at Online Bidding
Auctioneer Jones Auction & Realty
Type Online-Only Auction
Date(s) 6/5/2017 - 6/29/2017
Bid Monday, June 5, 2017 thru Thursday, June 29, 2017 when lots start to close at 3:00 p.m. (CT)
Preview Date/Time Both properties are total restoration project undertakings and we strongly suggest you look before bidding. Contact Unified Jones Auction & Realty at (920) 261-6820 to schedule your preview
Checkout Date/Time Winning bidder is contractually bound to enter into a Contract to Purchase at the end of the sale. Upon the close of the sale the winning bidder will be forwarded via email a Contract to Purchase. A signed copy of the contract must be returned to Unified Jones Auction & Realty by end of business or 5:00 P.M. (CT), Thursday, June 29, 2017. Closing 30-45 days of end of sale.
Location Online Bidding Only for 119 N. Church Street and 704 E. Division Street
Watertown, WI 53098
Buyer Premium 8.00%
Description
2 total restoration needed houses in Watertown, WI offered at online bidding only sale. Bid online Monday, June 05, 2017 to Thursday, June 29, 2017 when bidding closes at 3:00 p.m. (CT). 119 North Church Street and 704 East Division Street will sell online. Both properties are in need of a total restoration throughout. and will sell As Is, Where Is, No Contingencies or Exceptions. Both properties offer an excellent location and are great investment properties with income producing potential. This is an 8% buyers fee sale. High bid plus the buyers fee equals the total purchase price offered. Starting bid per lot: $7,500 with $1,000 bid increments. 10% of the total purchase price required as earnest money upon acceptance of the Sales Contract. Closing 30-45 days of the end of the sale. Bidding requirements apply: Prior to being approved to bid, a letter from your bank or financial institution confirming you have sufficient funds available to you to close the deal is required to be on file at our Unified Jones Auction & Realty office, 818 N. Church Street, Watertown, WI. Seller will not accept offers with inspection contingencies-all inspections to be done prior to a written offer. Seller reserves the right to accept, reject or counter offers. All auction Terms and Conditions apply and become part of any offer. Please read the complete Terms and Conditions of the sale. All interested bidders must agree and accept the Terms and Conditions upon registration. Both properties are rehab undertakings requiring total restorations throughout. We strongly suggest you schedule an appointment to view these properties before bidding. Contact Unified Jones Auction & Realty, (920) 261-6820 to schedule.
AUCTION TERMS AND CONDITIONS - READ CAREFULLY AND COMPLETELY This is an 8% Buyers Fee sale. Successful high bid plus the 8% equals the total price offered. 10% of total purchase price will be required as earnest money upon acceptance of the Sales Contract. Closing within 30-45 days of the sale. Property sells As Is, Where Is, No Contingencies, No Exceptions. Starting bid $7,500 with $1,000 bid increments per lot. Seller retains the right to accept, reject or counter any offer. Seller will not accept any offer with inspection contingency-all inspections must be done prior to bidding and prior to any written offers. Sellers retain the right to accept, reject or counter any offer. ALL AUCTION TERMS & CONDITIONS Apply and Become Part of Any Offer Bidding Requirements Apply: Prior to being approved to bid, a letter from your bank or financial institution confirming you have sufficient funds available to you to close the deal is required to be on file at our Unified Jones Auction & Realty office, 818 North Church St, Watertown, WI. A Bank Letter Confirmation of Funds Availability template is included in the Buyer Information Packet. Your letter may be faxed to (920) 261-6830; emailed to info@jonesauctionservice.com; or mailed or dropped off at our 818 North Church Street, Watertown, WI office during normal business hours 9-5, Monday-Friday. Please do not hesitate to call us with questions; (920) 261-6820 1. Online Only Sale: Bid online Monday, June 5, 2017 thru Thursday, June 29, 2017 at 3:00 p.m. (CT) Approval to bid at this sale is subject to Unified Jones Auction & Realty receiving a letter from your bank or financial institution confirming you have sufficient funds available to close the transaction per the Bidding Requirements listed above. Starting bid is $7,500 with $1,000 bid increments per lot. Confirmation may be faxed to (920) 261-6830 or emailed to info@jonesauctionservice.com This property sells As Is, Where Is, No Contingencies or Exceptions. Seller reserves the right to Accept, Reject or Counter offers. All auction terms and conditions apply and become part of any offer. 2. This is an 8% buyers fee sale. Successful high bid plus buyers fee equals the total price offered. Successful high bidder is required to pay 10% of total purchase price as earnest money upon acceptance of the Sales Contract. Upon accepted offer, all earnest money becomes non- refundable. Closing 30-45 days of the end of the sale. Property sells As Is, Where Is, No Contingencies or Exceptions. 3. Bidding is not contingent on financing. Qualification for financing must be approved prior to approval for bidding and prior to the sale. You are responsible for cash at closing within 30-45 days of the end of the sale. Possession shall be given at closing. 4. Winning bidder is contractually bound and will enter into a Contract to Purchase immediately upon being declared the successful bidder by the auctioneer. Upon the close of the sale the winning bidder will be forwarded via email a Contract to Purchase. A signed copy of the contract must be returned to Unified Jones Auction & Realty by end of business or 5:00 P.M. (CT), Thursday, June 29, 2017. Contract to Purchase may be hand delivered, faxed, or scanned and emailed. In the event the buyer refuses to sign the Contract to Purchase and tender the earnest money deposit the auctioneer may resell the property. The original buyer shall be responsible for any damages and expenses for resale and collection, including reasonable attorney’s fees. The only condition under which the earnest money and prepaid closing shall be refunded is if the seller fails to confirm or accept the bid or is unable to deliver clear title. If buyer refuses for any reason to close, the earnest money and prepaid fees will be forfeited. All earnest money, less incurred expenses, will be given to the seller. Upon acceptance of Contract to Purchase by both parties, earnest money becomes non-refundable. 5. The sale will be subject to existing zoning, ordinances, roads, restrictions of record and easements of record. Real Estate taxes for the year of closing will be prorated to the date of closing. Seller will provide and arrange for all title evidence. All contracts will be prepared by the listing broker to be entered into the date of the sale. Seller will convey title by warranty deed free and clear of all liens and encumbrances. Any zoning or use permits, if needed, will be at the buyer’s expense. Seller reserves the right to accept, reject or counter any offer. 6. Unified Jones Auction & Realty has been contracted as an agent of the seller to offer this property As Is, Where Is with no warranties to buildings, wells or septic systems. Requirements to meet DILHRs energy code are the responsibility of the buyer. 7. This information is from sources deemed reliable but no warranty or representation is made to its accuracy. Any information on this sale is subject to verification and no liability for errors, omissions or changes are assumed by Unified Jones Auction & Realty as an agent of the seller or the seller. 8. Under no circumstances shall bidder have any kind of claim against Unified Jones Auction & Realty as an agent of the seller, seller, or anyone else if the internet service fails to work correctly. 9. This property sells As Is, Where Is condition without warranty of any kind, expressed or implied, No Exceptions Whatsoever. Buyers should verify all information to their satisfaction. Make all inspections and financing arrangements prior to the end of bidding. Buyer acknowledges and agrees that Seller has not made and is not making any representation statement, or warranty to Buyer about the Property, including, but not limited to, physical aspects and condition of any portion of the Property, including personal property included in this transaction, if any, condition of soil, feasibility, desirability, suitability, fitness or adaptability of any part of Property, including personal property included in this transaction, if any, for any particular use, availability of any utility service, assessments, fees or charges that may be assessed against the Property, value of Property or projected income and expenses, or any other matter. Buyer is purchasing Property in an As Is and Where Is condition and acknowledges that Buyer must rely solely on Buyers own investigation of Property. All prior negotiations and discussions have been merged into this Offer to Purchase. Buyer acknowledges and agrees that Buyer has not and will not rely on any representation or statement made by Seller and waives any and all claims against Seller or its agents for any misrepresentation, negligence, fraudulent advertising under section 100.18 of the Wisconsin Statutes, or breach of warranty. 10. All buyers must acknowledge and accept the Terms and Conditions provided at the time of online registration. Bank Letter of Guarantee/Validation of Funds required for bidding approval. 11. Buyer acknowledges that Seller has given Buyer adequate time and opportunity to inspect the Property and Buyer has either already exercised this opportunity to inspect to the extent that Buyer deems appropriate or knowingly agreed to waive such opportunity. 12. Auctioneer is licensed by the Wisconsin Department of Licensing & Regulation. 13. This property is offered for sale to qualified purchasers without regard to perspective purchasers race, color, sex, marital status, religion or national origin. PAYMENT INSTRUCTIONS Winning bidder is contractually bound and will enter into Contract to Purchase immediately upon being declared successful bidder by the auctioneer. Upon the close of the sale the winning bidder will be forwarded a Contract to Purchase via email or fax. The signed copy must be returned to Unified Jones Auction & Realty before end of business or 5:00 P.M. (Central Time), Thursday, June 29, 2017. The Contract to Purchase may be hand delivered, faxed, or scanned and emailed. 10% of total purchase price as earnest money due upon acceptance of the Sales Contract to be paid with a cashiers check or approved personal check with Bank Letter. Bidding is not contingent upon financing. All financing arrangements must be made prior to the end of the bidding. Upon accepted offer all earnest money becomes nonrefundable. Seller: ___________________________________________Date: _______________ Buyer: ___________________________________________ Date: _______________ Broker: __________________________________________ Date: _______________
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 100,000.00 1,000.00 USD
100,000.01 - 9,999,999.99 1,000.00 USD
Currency USD
Buyer Premium 8.00%
Payment Terms
Winning bidder is contractually bound and will enter into Contract to Purchase immediately upon being declared successful bidder by the auctioneer. Upon the close of the sale the winning bidder will be forwarded a Contract to Purchase via email or fax. The signed copy must be returned to Unified Jones Auction & Realty before end of business or 5:00 P.M. (Central Time), Thursday, June 29, 2017. The Contract to Purchase may be hand delivered, faxed, or scanned and emailed. 10% of total purchase price as earnest money due upon acceptance of the Sales Contract to be paid with a cashiers check or approved personal check with Bank Letter. Bidding is not contingent upon financing. All financing arrangements must be made prior to the end of the bidding. Upon accepted offer all earnest money becomes nonrefundable.