ONLINE ONLY AUCTION: Property has been court ordered to sell to the high bidder, without reserve! Bidding opens Wednesday, March 11, 2020. Bidding ends Wednesday, April 1st at 9pm. Exact measurements are not reflected on listing as property has been boarded up due to extensive fire damage and is not to be entered. Property conveyance per Lucas County Probate approval. A 10% Buyer's premium will be added to high bid to establish final sale price. High bidder will be required to pay $250 earnest money check made out to Area Title and sign the purchase contract. Buyer will be responsible for closing costs. Please read additional terms and conditions below.
TERMS AND CONDITIONS OF THIS AUCTION Please read carefully; these terms and conditions are absolute and cannot be altered or changed in any way. If you cannot follow these terms 100%, you are welcome to stay as a spectator, but do not bid. If you do not understand these conditions, please ask the auctioneer or one of the staff BEFORE bidding. Bidders enter into a legal, binding contract to purchase according to terms & conditions of the auction & the purchase contract.
•BUYER'S PREMIUM: A 10% Buyer’s Premium will be added to last bid to establish final contract price.
•SETTLEMENT: A $250 deposit is due at close of auction. If buyer fails to close per terms of contract, deposit is non-refundable. Closing must occur within 30 days of the auction.
•NO WARRANTIES: Property is being sold as is, where is, without warranties, representations or guarantees expressed or implied as to the quality, character or condition. Purchaser understands and agrees that they will not be receiving a residential property disclosure.
•NO CONTINGENCIES: Purchase is not contingent on financing. Purchase is not contingent based on inspection. The buyer agrees to rely exclusively on his/her pre-auction personal inspection of the property.
OHIO REAL ESTATE AUCTIONS, AUCTIONEER & STAFF REPRESENT SELLER.