A 13% Buyer's Premium will be added to the final Sales Price. All applicable taxes will be assessed based on the sum of the sales price and buyer's premium.
PUBLIC RESERVE REAL ESTATE AUCTION:
71 Winner Avenue Columbus, Ohio 43203 Parcel ID: 010-045811-00
PUBLIC RESERVE REAL ESTATE AUCTION .... list price $199,000.00 is the minimum starting and reserve bid price. Public Real Estate auction will be held on November 6th, 2022 at 11:30am, home & property open to review and registration beginning at 9:00am Property sells as is without contingencies either financial or conditional. Terms & Conditions are attached. 5 bedroom, 5.5 bathrooms with 2 working kitchens, a large enclosed courtyard and a 2 car attached garage.
This is a live & simultaneous online real estate reserve auction. The showing begins October 3rd at 9am. Register your clients by having an agency disclosure statement completed and signed then scan and email to me the listing agent. Attached find the environmental court case of lead base paint presence and the test results that require abatement. Attached is a title commitment with search results. The minimum bid is sufficient to settle all liens and encumbrances. Terms & Conditions are attached. Agents can bid on client’s behalf with a signed Agency Disclosure Statement. All bidders must sign Terms and Conditions, Irrevocable Letter of instructions and complete the bidder profile form to be assigned a bidder number.
ANY ONLINE BIDDERS MUST SEND THE REQUEST TO REGISTER AND THEN SIGN ALL NECESSARY REGISTRATION DOCS AND DISCLOSURES TO BE REGISTERED… ONCE REGISTERED THE BIDDER MUST SUBMIT A BUSINESS OR PERSONAL CHECK FOR $10,000 WRITTEN TO WORLD CLASS TITLE COMPANY AS A NON-REFUNDABLE DOWN PAYMENT IF THE BIDDER WINS… IF THE BIDDER IS UNSUCCESSFUL THE DOWN PAYMENT CHECK IS RETURN ENTIRELY. ONCE THE BIDDER BECOMES THE WINNING BIDDER.. HE/SHE WILL THEN BE CONTACTED BY THE AUCTIONEER AND ALL PURCHASE AGREEMENT DOCUMENTS MUST BE SIGNED IMMEDIATELY VIA ELECTRONIC SIGNATURE. THIS WILL BE BETWEEN 11:30AM AND 1:30PM ON SUNDAY NOVEMBER 6TH, 2022.
Offers may be made prior to the live auction event as long as it is made within the terms of the auction... The seller has no obligation to accept ANY offer prior to the live auction event.
Parcel ID 010-045811-00 5 bedroom, 5.5 bathrooms with 2 working kitchens, a large enclosed courtyard and a 2 car attached garage. 8,930 square feet above grade. Cellar with mechanicals and outdoor cellar access. See the auditors report for additional details.
TERMS AND CONDITIONS
9132 SR 62 suite B Orient, Ohio 43146
mobile 614 499-5257
Real Estate Exclusive Right to Sell Agreement Addendum A
AKA Buyer’s Terms & Conditions
Re: This addendum constitutes the entire addendum to complete paragraph # 2 of the exclusive right to sell agreement for
71 Winner Ave Columbus, Ohio 43203 Parcel ID #’s: 010-045811-00
Buyer’s Terms and Conditions:
This is a Reserve Real Estate Auction 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 plus buyer’s premium will constitute the total purchase price. The winning bidder will then make a total down payment of $20,000 as a non-refundable down payment to the assigned Title Company. The down payment will be a $5,000 personal or business check made payable to assigned World Class Title Company day of the auction and the remainder wired the next business day. Down payment will be given back to the buyer when said buyer closes within the terms of this contract. If the buyer defaults and does not complete the transaction according to agreed terms, the down payment will be split 50/50 with Key Realty brokerage and seller within the terms of the listing agreement. If a default occurs, auctioneer will contact the backup bidder to offer “position of primary contract” within the terms of the auction. If the backup bidder declines a secondary auction will be held under the same terms and conditions as the first auction. 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 disclosing the down payment as non-refundable. 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 $300,000 the buyer’s premium is $30,000 (without an agent representing the buyer) or total purchase price as $330,000 and $39,000 (with an agent representing the buyer) the total purchase price is $339,000. The non-refundable down payment is still $20,000. The winning bidder may ask for an extension and if agreed by the seller, buyer agrees to and will pay a $500 per diem split 50/50 with the broker and seller prior to the extension period. All closing costs are the buyer’s responsibility. No Tax credits or proration given to buyer.
Once a bidder has met the requirements to bid and then becomes the winning bidder (he/she) will sign all necessary contracts and submit a personal/business check for $5,000 at the moment of signing contract to World Class Title Company and wire the remaining $15,000 the next business day per instructions of World Class Title Company. The winning bidder(s) will then have 30 days from the date of the live auction event to close the transaction with World Class Title Company. This exclusive listing agreement, terms and conditions shall be binding upon the parties, their heirs, administrator, executors, successors of interest and assigns.
Offers may be made prior to the live auction event within the terms of the auction only. Seller has NO obligation to accept any offer prior to the live auction event.
Real Estate agents that want to be eligible for representing a prospective bidder and the subsequent co-op commission 3.0% must register their contracted client by presenting or scanning & emailing a buyer signed Agency Disclosure Statement showing their agent of record to John Rogers scan and email to email@example.com
John D. Rogers II | Realtor ™, Licensed Real Estate, Licensed Auctioneer, Certified Personal Property Appraiser (CAGA)