Buyer(s) to receive Clean, Clear, Marketable Title with Title Insurance Policy in Amount of Purchase Price.
Any and all liens will be satisfied and removed prior to closing, if reserves are met.
797 South 6th Street Road- being sold with 2 lots totaling 1 acre.
Vacant lot at the corner of 10th and Main.
Vincennes, Indiana Commercial Building
Excellent Opportunities to Own a Quilty Built Builiding -or- High Traffic Location in Vincennes, IN!
Preview: For a private tour of the property or more information, please contact Listing Broker Zane Parrott at 812-890-5452 for your guided tour!
Open House / Inspection Dates for both the Real Estate & Personal Property:
Wednesday, April 10th, 4 – 6 PM Eastern
Wednesday, April 17th, 4 – 6 PM Eastern
Wednesday, April 24th, 4 – 6 PM Eastern
-and-
Wednesday, May 1st, 4 – 6 PM Eastern
-or- By Appointment for Added Convenience For You!
2 Excellent Commercial Locations in / near Vincennes, IN.
REAL ESTATE TERMS & CONDITIONS
Real Estate Soft Close: This is a soft close auction meaning one key point:
1) If the Real Estate is bid on within the last TWO minutes of the auction, the lot will automatically get extended for an additional TWO minutes. Additional time will continue to be added until no additional bids have been placed.
Automatic Bidding: (Max Bid Feature): No more forgetting to increase your bids -or- trying to keep pace with our online auctions.
Simply Place Once Bid And we’ll take care of the rest! This online bidding option makes bidding convenient allowing you to enter the maximum bid amount that you are willing to bid on an item. We encourage the use of this feature as it automatically competitively increases your bid for you up to your max bid price.
Approval of Bids: Seller fully intends to sell this property to the highest bidder day of auction, however, reasonable reserve is in place.
Bid Increments: $100 increment levels from beginning of auction to end of auction.
R.E. Terms: 10% down day of sale as non-refundable escrow. 6% Buyer Premium. Balance due, possession & taxes prorated to date of closing. Being sold "As is, Where is". Buyer to have all inspections completed prior to auction & have financial arrangements made prior to auction.
Termite: Termite Inspection and treatment will be paid by buyer(s).
Contract Viewing: Digital Copy of the Real Estate at Auction Purchase Agreement will be posted to our website for your viewing, if you have any questions regarding the contract, Please call our Listing Broker and Lead Auctioneer Zane Parrott. These terms and conditions are non-negotiable.
Contract Signing: Within 30 minutes of Auction Closing, Listing Broker Zane Parrott will contact the high bidder to make arrangements to sign the contract. You will be given two options:
Option 1) Real Estate at Auction Purchase Agreement will be emailed to the high bidder night of auction via electronic signature app with buyer dropping of the Non-refundable escrow placed next day via wire transfer -or- dropping off of check.
-or-
Option 2) Winning Bidder to meet Listing Broker Zane Parrott by 12NOON the following morning to sign contract in person and place non-refundable escrow at same time at convenient location for both parties.
Closing: Closing to occur as soon as necessary documents are prepared, plan on 45 days or less. All Customary Closing costs to be paid by each party. Land Title and Abstract, Lawrenceville, IL will be the issuing the title commitment and the closing agent on the transaction. Preliminary Title Commitment will be prepared and available for viewing on our website, www.parrottauctions.com prior to auction.