Possession: Possession date of closing. Both Tract 1 (Laundry Mat) and Tract 2 (Single Family Home) are currently vacant and available date of closing. Tenant of Tract 2 has been removed from the property and the home has been cleaned, ready for remodel.
Survey: Any survey cost to be paid by buyer(s). Any acreage difference greater than half (½) acre plus or minus from the advertised acreage discovered in survey will be reflected in price adjustment based upon original bid price per acre & original buyer’s premium per acre.
Online Bidders: Please take special note of the countdown timer shown on the screen. It may be extended due to the soft close feature at any moment. Online bidders are encouraged to bid early and often as technical issues may arise.
Soft Close: This is a soft close auction meaning two key points: 1) each lot will feature a stagger of 10 seconds between each lot ending. 2) If a lot is bid on within the last 10 minutes of the countdown timer for that lot, the countdown timer will automatically get reset to 10 minutes. Additional time will continue to be added until no additional bids have been placed. Place your bids early and often.
Terms: 10% down day of sale non-refundable escrow. 6% Buyer’s Premium. Closing to occur as soon as necessary documents are prepared, Plan to close in 30 days. Have financial arrangements made prior to auction as sale is not contingent upon Buyer(s) ability to obtain financing.
Condition: Being sold "As is, Where is". Buyer to have all inspections completed prior to auction that they deem necessary. Included Equipment List will be available for viewing on our website at www.parrottauctions.com.
Title: Seller shall furnish the buyer(s) at Seller's expense an Owners Policy of Title Insurance in the amount of the purchase price for surface rights only, and agrees to provide and execute a proper deed conveying merchantable title to the real estate to the buyer(s). Lawrence County Title, Lawrenceville, IL, will be the closing agent on the transaction. Preliminary Title commitment will be available for viewing prior to auction once available and will be posted to www.parrottauctions.com
Agency: Parrott Marketing Group, LLC and its representatives are acting as Agents for the Seller.
Approval of Bids: Being sold at ABSOLUTE AUCTION. Bid Now, These Properties will have a New Owner. No Reserves, No Minimum. Bidding Starts at Just 1 Dollar!
Bidding: All Bidding will be on a TOTAL DOLLARS PER TRACT basis. All tracts will be offered individually. Tracts will not be offered as a combination. Bid Increments from Start to Finish is $50.
Other Announcements: All information provided is from sources deemed reliable however not guaranteed. Parties relying on such are urged to perform due diligence and base their decisions upon that information. Announcements / Changes made take precedence over any previous information.
Log onto www.parrottauctions.com downloadable multi-page brochure, aerials, equipment list & More!
Open House / Inspection Dates to meet Listing Broker and Lead Auctioneer Zane Parrott for a guided tour of the properties!
Wednesday, July 27th, 4 - 5 PM Central
Wednesday, August 10th, 4 – 5 PM Central
Wednesday, August 24th, 4 - 5 PM Central
Preview: For private tour of the property or more information, please Listing Agent Zane Parrott at 812-890-5452 for your guided tour!
Tract 1 (Laundry Mat) will be Inspection Headquarters!
Please see www.parrottauctions.com for complete listing and high resolution interior and exterior photos!
Progress Now, LLC – Seller