(AUCTION ID RE-102) SOLD $288,600 Total Buyer Cost. FOR THE ESTATE OF RONALD GUY CLARK.
9132 SR 62 suite B Orient, Ohio 43146
mobile 614 499-5257
CONTACT JOHN ROGERS: AUCTIONEER / LIC'D REAL ESTATE AGENT WITH KEY REALTY
JOHNROGERSNETWORK@GMAIL.COM
JOHN@IRSAUCTIONEER.COM
MOBILE 614-499-5257
1155 NORTH HAGUE AVENUE REAL ESTATE AUCTION
2-25-24 DOORS OPEN AT 9AM LIVE AUCTION EVENT AT 11AM
SHOWINGS ANYTIME PRIOR
MINIMUM BID $199,000
BUYER'S PREMIUM 10% FOR BUYERS WITHOUT A LIC'D REAL ESTATE AGENT REPRESENTATION
BUYER'S PREMIUM 13% FOR BUYERS WITH A LIC'D REAL ESTATE AGENT REPRESENTATION
$20,000 MANDATORY DOWN PAYMENT NON-REFUNDABLE APPLIED 100% TOWARD THE PURCHASE
WINNING BUYER MUST CLOSE IN 30 DAYS
$500 PER DIEM FOR BUYER EXTENSION
BUYER PAYS ALL CLOSING COSTS
NO TAX PRORATION APPLIES
Real Estate Exclusive Right to Sell Agreement Addendum A
AKA Buyer’s Terms & Conditions
Re: This addendum supplements the addendum language references within section 2 of the Exclusive Right to Sell Agreement for entered into between Estate of Ronald Guy Clark AND Key Realty, Ltd., an Ohio limited liability company (“Key Realty”).
1155 North Hague Avenue Columbus, Ohio 43204 Parcel No: 140-004102-00 hereinafter the “Property.”
Buyer’s Terms and Conditions:
This is a Public Reserve Real Estate Auction with a minimum reserve bid of $199,000 and a buyer’s premium of 11% for buyers not represented by a real estate agent and 14% for buyers represented by a real estate agent and sells AS-IS without contingencies whatsoever including financial or conditional.
High bid will constitute the purchase price for the Property which shall be payable by such bidder as the buyer of the Property in accordance with the terms set forth in the terms of the purchase agreement upon which the Property was auctioned (the “Purchase Agreement”); additionally, the buyer shall pay the applicable buyer’s premium as stated above. Immediately following the auction, the winning bidder will be obligated to sign the Purchase Agreement as the buyer and to make a non-refundable down payment equal to $20,000 as $5,000 personal or business check the day of the auction to Assigned Title Company (“The Title Company”) and the remaining $15,000 wired per Title Company instructions to Assigned Title Company by the end of the next business day to be held as buyer’s non-refundable down payment and distributed pursuant to the terms of the Purchase Agreement. Buyer’s funds deposited as all, or part of the down payment credited and/or distributed pursuant in accordance with the terms of the Purchase Agreement. If the buyer defaults and does not complete the transaction according to agreed terms of the auction or the Purchase Agreement, the down payment funds collected by the auctioneer and/or the Title Company will be split fifty percent (50%) to the Seller and fifty percent (50%) to the Auctioneer. The auctioneer will contract the back-up bidder the day of the live auction event and hold the contract as a back-up contract to the primary, in the event the primary contract holder defaults. If the primary buyer defaults the back-up buyer will be offered primary position and if accepted they will deposit $20,000 via wire to the Title Company and have 30 days to close. If the back-up buyer does not accept the auctioneer will reschedule the auction event with a minimum 30-day marketing period, as the same reserve auction structure with all other auction terms and conditions maintained. Each registered bidder must have a State issued photo Identification and register by signing the “Auction Registration Form” and “Terms & Conditions Form”. All registered bidders must sign a letter of Irrevocable Instructions acknowledging that the buyer’s down payment is a non-refundable deposit. If any changes are made, they must be reduced to writing and signed by both parties, (buyer and Seller). If the high bid is $300,000 the buyer’s premium is $33,000 for buyers not represented by Ohio licensed real estate agents and $42,000 for buyers represented by Ohio licensed real estate agents. In all instances the non-refundable down payment shall be $20,000. The winning bidder may ask for an extension of time to close and pay a $500 per diem split 50/50 with the seller and broker. All closing costs and any title insurance premiums are the buyer’s responsibility. No Tax credits or proration shall be made in connection with the closing or given to buyer, therefore the seller has no closing costs to pay.
Once a bidder has met the requirements to bid and then becomes the winning bidder they agree to: (1) sign all necessary transactional documents, including but not limited to the Purchase Agreement reflecting the terms upon which the Property was contracted, any applicable agency disclosure statement, a lead paint disclosure form completed in a manner which permits closing upon the Purchase Agreement, and when appropriate such forms that are reasonably necessary to facilitate the closing; (2) timely pay the $20,000 non-refundable down payment in the manner(s) described above; and (3) satisfy the buyer’s obligations set forth within the terms of the Purchase Agreement, with the purchase price and applicable buyer’s premium amended by the high bid at auction, and the time for closing amended to 30 days following the auction date. The winning bidder(s) will then have 30 days from the date of the live auction event to close the transaction with the Assigned Title Company.
Real Estate agents that want to be eligible for representing a prospective buyer of the Property and a co-op commission of 3.0% must submit a signed agency disclosure statement to the listing agent/auctioneer and conform to all terms and conditions within this agreement and addendum.
John D. Rogers II | Realtor ™, Licensed Real Estate, Licensed Auctioneer, Certified Personal Property Appraiser (CAGA)