7585 Dyer Road Mount Sterling OH 43143

The Auction terms and conditions attached

RPD seller signed attached

Disclosures Attached

PUBLIC RESERVE REAL ESTATE AUCTION:   

7585 Dyer Road Mount Sterling Ohio 43143     

Parcel ID's: 17-00264.000   17-00346.001   21-00220.001

A Total of 2.49 acres

PUBLIC RESERVE REAL ESTATE AUCTION ....  list price $154,900.00 is the minimum starting and reserve bid price.  Public Real Estate auction will be held on July 27th, 2024 at 12:00pm, home & property open to review and registration beginning at 10:00am  Property sells as is without contingencies either financial or conditional.  Terms & Conditions are attached.  

2.49 acres

4 bedrooms

3 full baths

Fences side yard

New Septic System and leach field

Basement

First Floor primary bedroom suite

First Floor laundry room

Property Descriptions:

Public Reserve Auction & list price reflects starting bid.  Public Reserve Auction Saturday July 27th, 2024  12:00pm  NOON.  Home opens for preview and auction registration at 10:00am on Saturday July 27th, 2024.    Open showings available NOW!!! 

This four bedroom home has an unattached two car garage, shed and small barn storage.  Large attached deck and small fenced yard for house pet.  Huge 2^nd story sun room and basement for mechanicals and storage.  Over 2,500 square feet above grade and oak trim throughout.  Auction Terms, conditions and disclosures attached.

There are 3 total parcels that convey with the sale of this property. 

17-00264.000

17-00346.001

21-00220.001

Agent to Agent remarks:

This is a public reserve real estate auction.  The list price reflects the minimum bid.  The Auction terms & conditions are attached as well as necessary disclosures. 

To register your clients as the representing buyer agent, complete an Agency Disclosure statement and send to the listing agent / auctioneer. 

The home will be shown based on appointments with Showing Time..

A title search has been conducted by World Class Title and an ALTA title commitment has been issued. 

World Class Title Company will be used to close this transaction. 

This is an AS-IS sale and no contingencies either financial or conditional and a $10,000 non refundable down payment.

Directions

I-71 South to exit 84 (SR 56) toward Mount Sterling and turn right on Dyer Rd

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 Carol Kemper AND Key Realty, Ltd., an Ohio limited liability company (“Key Realty”).

7585 Dyer Road Mount Sterling, Ohio 43143      Parcel No:  17-00264-000 hereinafter the “Property.”

Buyer’s Terms and Conditions:

This is a Public Reserve Real Estate Auction with a minimum reserve bid of $154,900 and a buyer’s premium of 10% for buyers not represented by a real estate agent and 13% for buyers represented by a real estate agent and sells AS-IS without contingencies whatsoever.

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 $10,000 as $5,000 personal or business check the day of the auction to the assigned Title Company and the remaining $5,000 wired per Title Company instructions to World Class 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 World Class Title Company will be split fifty percent (50%) to the auctioneer and fifty percent (50%) to the Seller.  The backup bidder will sign an irrevocable offer to purchase as well at their highest bid amount with the contingency of the primary buyer defaults and the primary contract is thereby terminated.  The backup bidder will have the same terms and conditions.  If the backup bidder does not want to contract as an irrevocable offer to purchase for their bid offer then the second backup bidder will be offered the primary backup bidder’s position as an irrevocable offer to purchase…  if neither accept the opportunity to contract then the Seller agrees to 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 if the primary bidder defaults.  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.  Auctioneer may make changes to terms and condition within his fiduciary responsibility to the Seller (client), in the best interest of the client.  If changes are made, they must be reduced to writing and signed by both parties, (buyer and Seller).  If the high bid is $200,000 the buyer’s premium is $20,000 for buyers not represented by Ohio licensed real estate agents and $26,000 for buyers represented by Ohio licensed real estate agents.  In all instances the non-refundable down payment shall be $10,000.  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.

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 disclosures necessary to which permits closing upon the Purchase Agreement, and when appropriate such forms that are reasonably necessary to facilitate the closing; (2) timely pay the $10,000 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 World Class 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.

Winning and or primary buyer must close within 30 days and possession with a fully funded and fully executed closing transaction on this property purchase.