PARROTT AUCTION

REAL ESTATE & PERSONAL PROPERTY ONLINE ONLY AUCTION

Thursday, August 3rd, 2023, Soft Closes 6PM Central

5173 State Route 250, Sumner, IL 62466

Signs & Multi-page Booklet Brochures will be posted.

This is YOUR Opportunity to Own a Traditional Farmhouse with Outbuildings and Garage on 1.1+/- Surveyed Acres.

!~ 6 PM Traditional 2 Story Farmhouse on 1.1+/- Acres 6 PM ~!

Excellent Chance for YOU to Live Your Country Living Dream!

This two-story, single family dwelling features high ceilings, original, unpainted trim and woodwork, original pocket doors, an original tiled fireplace, and tons of character! The main level features 2 bedrooms, a bathroom, a large living room with a fireplace, a formal dining room with near full wall of windows, large dine in kitchen, pantry and sunroom / enclosed rear porch and open front porch! The second story of the home features a bath, a large hallway with a closet, along with 3 additional bedrooms, each with a large closet! The basement features washer & dryer connections, loads of additional storage space, stand up shower, along with easy access to the furnace, electrical system and

This property sits on 1.1+/- surveyed acres with mature trees!

This home offers Extreme Sweat Equity Potential with a reasonable reserve!

R.E. Taxes: Currently, Part of Lawrence County Parcel Index# 06-003-214-00. Seller to pay prorated taxes to the date of closing, and buyer(s) thereafter. County to divide/separate accordingly.

Lot Size: 1.1+/- Surveyed Acres. Survey Completed July 2023 by Charleston Engineering, Olney, IL.

R.E. Terms: 10% down day of sale as a nonrefundable escrow. 6% Buyer Premium. Balance due, possession & taxes prorated to the date of closing. Being sold "As is, Where is". Buyer to have all inspections completed prior to auction & have financial arrangements made prior to the auction. The seller plans to sell the property to a high bidder on auction day, however, a reasonable reserve is in place.

Real Estate Contract Signing: Within 30 minutes of the auction, the high bidder agrees to complete the real estate purchase agreement via an electronic signature program -or- meet 8 AM the following morning. Deposit required at same time.

Preview: For a private tour of the property or more information, please Listing Broker Zane Parrott at 812-890-5452 for your guided tour!

Open House / Inspection Dates of

Tuesday, July 18th, 4 – 5 PM Central

-and-

Tuesday, July 25th, 4 – 5 PM Central

Please see www.parrottauctions.com for complete listing and high-resolution interior and exterior photos!

Elsie Pelham – Seller

Bid YOUR price on our custom-built bidding platform 24 hours a day!

Bid from your phone, tablet, or computer!

Bid from your living room, car, or anywhere you have an internet connection!

Bidding has started and Soft Closes 6 PM Central, Thursday, August 3rd!

Soft Close: This is a soft close auction meaning two key points: 1) all items feature a stagger of 10 seconds between each lot ending. 6 items will close each minute 2) If an item is bid on within the last 2 minutes of the auction, the lot will automatically get extended for an additional 2 minutes. Additional time will continue to be added until no additional bids have been placed.

Automatic Bidding: (Max Bid Feature): 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. 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!

Payment Terms: Cash, Check, American Express, Visa & MasterCard. 14% Buyer’s Premium on all items sold (4% discount will be given if payment is made by cash or good check). Declined Credit Card Procedure: If the credit card on file is declined for any reason, a Parrott Auction crew member/representative will reach out to settle the outstanding invoice. If the buyer fails to pay the said invoice, the buyer(s) will be permanently banned until the $25 reinstatement fee is paid. Insufficient Funds Procedure: If a check is returned for any reason at all, a Parrott Auction crew member/representative will reach out to settle the outstanding invoice. If the buyer fails to pay the said invoice, the buyer(s) will be permanently banned until the $25 reinstatement fee is paid.

Absentee Bidder Form: Another bidding option is to attend one of the scheduled preview dates and complete our absentee bidder form, name, address, contact information, max bid you’re willing to place, along with credit card information will be required when completing this form. Please Note: There will be a $25 dollar charge for this service. This $25 fee covers the labor to fill out the absentee bidder form, register bidders, place bids, plus call you after the auction is over. Also, this is MAX bid only, we will not call you to update you on winning/outbid status. If you change your max bid, a second form and a second $25 charge will be required immediately. This discourages people from making 6 updated max bids via phone immediately before auction closes.

Preview: Parrott Auction Crew Members/representatives will be at the auction location of:

5173 State Route 250, Sumner, IL 62466,

to administer a preview on Wednesday, August 2nd, 4 – 6 PM Central (the “Preview Date”).

Invoice: All winning bidders will have an invoice emailed to the email address on file usually within 30 minutes of the last item closing. A second email (pickup scheduler) will be sent that will include instructions for the pickup date, time, and location. Please Note: this invoice will show “UNPAID” in the upper right-hand corner, if you intend to pay with cash or check, do not pay using our online payment system.

Please Use the Online Scheduler!

This increases the efficiency of the auction load out and decreases the amount of time you'll spend loading your items! Online Schedule Instructions: The morning after the auction closes we will send a load-out scheduler to all the winning bidders. This scheduler system will supply any remaining time slots to the winning bidders.

Scheduling can be completed by text message and email both to allow for ultimate flexibility to you, the buyer. If you do not choose a time slot, load-outs will be on a first-come, first-served basis and you will be asked to wait until an auction crew member can assist with the load-out process.

Removal / Load Out: Parrott Auction Crew Members/representatives will be at the auction location of 5173 State Route 250, Sumner, IL 62466

to administer Load Out on Tuesday, August 8th, 2PM – 6 PM Central, -and- Wednesday, August 9th, 8-12NOON, (the “Removal Dates”).

Signs and full-color, multi-page brochures posted. The address can be found by GPS as well. No Goods shall be removed until the purchaser’s invoice has been paid in full.

Failure to Pickup: If the buyer(s) fail to attend the scheduled pick and notified us of their preference to pay cash, we will automatically charge the card on file immediately following the scheduled pickup time, with no exceptions.

Last Chance Grace Period / Fee: If items are not picked up during that time frame, immediately following the last pick-up day, we will automatically charge your credit card on file a cost of $25. This $25 fee covers the additional cost of labor, scheduling conflicts, and fuel incurred to meet during the 3-day “last chance” window. This fee will not be waived for any reason. This non-pickup policy strictly is enforced as the non-removal of items is becoming an issue. If you are unavailable during this scheduled pickup, a family member, close friend, or co-worker can pick the items up for you if we are notified prior. For all other items that remain after 7 business days from a scheduled pickup that is not claimed or have other arrangements made, the buyer will forfeit the rights to said items and will revert back to the seller/auction company.

Full Service, In-House Shipping: If shipping is desired on smaller items, please make a note when registering as we can immediately sort items for shipment at the close of the auction to expedite the shipping process. All shipping costs, tracking, insurance, and signature on delivery will be paid for by the buyer. The buyer will also be charged a small handling fee of $8 per shipment unless the items require a pallet. We utilize the “Shipping Saint” Program to streamline our shipping process.

Once you have paid the invoice for the item, a second invoice from Shipping Saint will include your actual shipping invoice. Once this shipping invoice has been paid, your item will be shipped. During these times of high shipments, extended shipping times may occur, we try to have all items shipped within 5 business days of auction close, however, we do reserve the right for up to 15 business days of auction close.

The Elsie Pelham Auction