|Name||Real Estate Auction 1422 S. Palmer Ave Bloomington, IN 47401|
|Auctioneer||Estate & Downsizing Specialists LLC|
|Date(s)||10/24/2017 - 11/14/2017|
|Starts October 24th at 8PM and ends November 14th at 8PM.|
|Preview Date/Time||Open House Sunday November 5th 2017 from 1-3PM.|
|Checkout Date/Time||November 15th, 2017|
|Location||1422 S. Palmer Avenue
Bloomington, IN 47401
|Buyer Premium||No Buyers Premium|
This is an online only Real Estate Auction for the home located at 1422 S Palmer Avenue in Bloomington IN. This is an Estate property and is being sold as-is. Auction/Sale is not subject to inspections, financing, condition or any other contingencies. This auction is for a 3 bedroom home on a .25Ac city lot at the NW corner of Hillside Drive and S. Palmer Avenue. This home is a 3 bedroom/2 bath single story ranch, built in 1990. The home is on a nice corner lot with a great fenced backyard and quality landscaping. This home is near downtown Bloomington and is walking distance to Downtown, Bryan Park, B Line trail system, Farmers Market and many other local amenities and activities. Opening bid is also the minimum on the property and is $125,000.00. Once the bidding has been opened at the minimum, this property will sell to the highest bidder. Auction ends at 8PM on Tuesday November 14th. Bidding will end with a soft close, meaning time will extend if any bidding activity takes place during the final 5 minutes of the Auction. Please read all tems and conditions before bidding. A Pre-Auction inspection report is available on request. E Mail at EDSIndiana@gmail.com or phone 812-822-2508 for details and questions.
|Bid Amount||Bid Increment|
|0.00 - 500,000.00||500.00 USD|
|500,000.01 - 9,999,999.99||10,000.00 USD|
|Buyer Premium||No Buyers Premium|
This property is being sold at an online-only Public Auction. Property is sold AS-IS with NO warranty or guarantees of condition. Seller has provided a full inspection report from Sherlock Homes Inspection. If you can't open the file here please email and we will send you a copy. Any other inspections of the property must be completed PRIOR to close of auction. Brokers/Realtors, you must register your bidder to receive the 2% Co-Op Commission on this sale. Please email EDSOnlineAuctions@gmail.com and we will email you the registration form. Bidders must be registered prior to bidding. Auction opens at 8PM on Monday October 23rd, 2017 and closes with a soft close at 8PM on Tuesday November 24th, 2017. Bidding increments will be $500 dollars. Soft close means any bid placed with 5 minutes or less left in the auction will automatically extend the closing time by 5 minutes. Bidding is by internet only. If you can't bid on-line, or if you have any questions about the process, please call us at 812-822-2508 or email EDSIndiana@gmail.com. Leave us a message 24 hours a day and we will return your call. This Real Estate Auction has a $125,000.00 opening bid. This is also the reserve price. This means that once the opening bid is achieved, this property will sell without further reserve. This property will sell to the highest bidder. Please email questions to EDSIndiana@gmail.com for more information. Auction company will contact the high bidder within 24 hours of the close of the Auction by phone. At this time Auction staff will set an appointment to meet with the buyer to sign documents and discuss the closing and deposit details. Deposit will be paid directly to Title Plus of Bloomington IN and must be paid by direct wire transfer within 72 hours of Auction close. Winning bidder will be required to pay a $5,000.00 dollar non-refundable deposit within 72 hours of the close of the Auction. This deposit will only be refunded to the Buyer in the event seller is unable to provide a clean deed and is unable to close the property. Buyer is committing to being financially able to close on the property and is agreeing to the terms of the auction when a bid is submitted. Failure to close due to any fault of the buyer will result in the loss of the $5,000.00 deposit. Seller and Auctioneer will retain the deposit in lieu of damages. PLEASE DON"T BID UNLESS YOU CAN CLOSE. Closing will be scheduled within a maximum of 45 days or sooner from the close of the Auction. Balance of the sale price will be due in full at closing. Seller will provide title insurance. Closing fee to be split euqally between buyer and seller. Preliminary title work has been completed by Title Plus of Bloomington, Indiana. Property has no liens or encumbrances excluding Taxes to be paid in full to date of closing. Answers to Your Questions About Buying Real Estate & Personal Property at On-Line Auctions! Buying a home or parcel of land at an Auction doesn't have to be a scary experience. If you have never bid in an On-Line Auction or purchased items at a Live Auction take a look at these facts: " When you register, we ask for a credit card for verification. We will NEVER hit that card for your purchase or deposit. This is simply a tool to assure we are dealing with a legitimate buyer and identity. " After the Auction is completed one of our staff will call you to either verify and collect payment for Personal Property Auctions, or set up an appointment to sign documents and collect a deposit for Real Estate Auctions. " Your information is never used, sold or seen by anyone except our trusted financial staff. " Your ID is never exposed to other buyers unless you want to bid that way. When you register simply choose a user name and ask that your ID be private and no one will ever know you are bidding. " There are no shill bidders in our Auctions. A shill is a nefarious bid cast by an insider, either Auction staff, or even the Owner of the item being sold, to drive the price up. We will not tolerate this activity. " All of the Real Estate we sell at Auction closes like any traditional Real Estate transaction at a local Title Company. " We always try to provide a preliminary title commitment, showing the property is free of liens, or that the lien is a traditional loan or other encumbrance that will be paid at closing by the Seller. " When possible, we will provide a Pre-Auction inspection of the property, providing an online copy of that document imbedded in the auction for you to view and print. " Our Seller's always provide you with a clean Deed and Title Insurance. " When we have a No-Reserve Auction that means if the bidding is opened at the starting price, the item will sell. An Absolute Auction means there is no high starting bid and no reserve. We often start our Real Estate auctions at the Minimum price a seller will accept. " A Reserve Auction can mean two things. We try to set up our auction with only a minimum bid reserve. That means if the minimum bid is achieved, the property will sell. The second option is most often listed as subject to seller or court approval. In this type of Auction, regardless of how high the bidding goes, court or seller approval is required to accept the high bid. This option is an undisclosed reserve. " Real Estate that sells "Final Bid is Subject to Owner or Court Approval", means just that. Though you may be the high bidder, if the amount isn't satisfactory to the owner, or if the court believes the price is not adequate to protect a party's interest, the property may not sell, even though you were the high bidder. " As-Is and Without Warranty or Guarantee means just that. You are buying the property as it sets and there is no guarantee of any condition, inspection or other issue. Once you bid in this scenario you agree to accept the property As-Is and there is no backing out because of any issue. " A Non-Refundable Deposit means that the deposit will be lost if you can't or won't close on the property. This applies only to Real Estate Auctions. " In the event the Seller cannot produce clear title to the property or cannot close for any Seller reason, your deposit is refunded in full. " Your deposit is given to the closing Title Company and held safely in their Escrow Account until day of final closing. Funds may have to wire transferred to the Title Company for Security. " If you want to conduct an inspection on Real Estate, or if you need to borrow the money to buy Real Estate at Auction, contact us as soon as possible. We will work with you and your lender to accommodate any questions or needs you or they may have. " You should never Bid on Real Estate at Auction if you have not worked out loan approval with your lender first. If you fail to close because you can't get your loan approved, you will lose your non-refundable deposit in full.