Name Online Only Real Estate Auction- 615 5th St., Ft Madison, IA
Auctioneer Fraise Auction & Real Estate
Type Online-Only Auction
Date(s) 8/11/2020 - 9/17/2020
AUCTION BEGINS ENDING: THURSDAY, SEPTEMBER 17TH AT 1:00 PM
Preview Date/Time OPEN HOUSE: THURSDAY, SEPTEMBER 3rd FROM 5:00 - 6:00 PM
Checkout Date/Time Item Pick Up: Monday, September 21st from 3:00-6:00 PM Terms of the Real Estate: $5,000 earnest money deposit at the end of the auction with the remainder due on or before October 16, 2020. The seller will provide a current abstract at their expense. Real estate sells "as is, where is". Sale is not contingent on Buyer's financing or any other contingencies. Real Estate Taxes: Taxes will be prorated to the date of closing. Closing: Closing will take place on or before October 16, 2020. The balance of the purchase price will be payable at closing in the form of guaranteed check, or wire transfer.
Location 615 5th Street
Ft Madison, IA 52627
Buyer Premium NONE ON REAL ESTATE! 15% OTHERWISE
Description
ONLINE ONLY REAL ESTATE & PERSONAL PROPERTY AUCTION 4-BEDROOM HOME & HOUSEHOLD GOODS 615 5th Street, Fort Madison, Iowa AUCTION BEGINS ENDING: THURSDAY, SEPTEMBER 17TH AT 1:00 PM This is a Timed, Online Only Auction Event with a Soft Close! Click the above tab for catalog, terms and registration!! OPEN HOUSE: THURSDAY, SEPTEMBER 3rd FROM 5:00 - 6:00 PM General Information: Well-built 4-bedroom home with vinyl siding and new architectural shingled roof. Features 1,296 sq. ft. of living area, eat in kitchen, 2 main floor bedrooms, 2 upstairs bedrooms and full basement with garage stall! Ideally located and close to downtown shopping & businesses. Auctioneer's Note: This will be an excellent investment opportunity or a home for a growing family. Come take a look and Bid Your Price!! We strongly encourage all interested parties to attend the open house! Auction will be conducted online only, whereas each bidder can conveniently bid with an electronic device from anywhere! SHARON K. KAMP CONSERVATORSHIP Kristina Clore - Conservator Elaine Gray of Fehseke & Gray Law Offices - Attorney www.FraiseAuction.com Fraise Auction & Real Estate PO Box 8, New London, IA 52645 319-367-5744 ? 319-372-9121
Auction Terms & Conditions Terms of the Real Estate: $5,000 earnest money deposit at the end of the auction with the remainder due on or before October 16, 2020. The seller will provide a current abstract at their expense. Real estate sells "as is, where is". Sale is not contingent on Buyer's financing or any other contingencies. Seller reserves the right to accept or reject to high bid. Real Estate Taxes: Taxes will be prorated to the date of closing. Closing: Closing will take place on or before October 16, 2020. The balance of the purchase price will be payable at closing in the form of guaranteed check, or wire transfer. Possession: At closing upon payment in full. NO Real Estate Buyers Premium Personal Property: Also selling separately from the real estate are appliances, modern furniture, wood patio furniture, household goods and more. Pickup/removal of the Personal Property: Monday, September 21st from 4-6PM. Buyer's Premium of 15% on all personal property purchases! Disclaimer and Absence of Warranties: All information contained in this and all related materials are subject to the terms and conditions outlined in the agreement to purchase. Announcements made by the auctioneer during the time of the sale will take precedence over any previously printed material or any other oral statements made, except the purchase agreement. The property is being sold on an 'As Is, Where Is' basis, and no warranty or representation, either express or implied, concerning the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained is believed to be accurate but is subject to verification by all parties relying on it. All lines drawn on maps and photos are approximate. No liability for its accuracy, errors or omissions is assumed by the seller or the auction company. Conduct at the auction and increments of bidding are at the direction and discretion of the auctioneer. The auctioneer reserves the right to change the bidding increments at any time during the auction. The seller and auction company reserve the right to preclude any person from bidding if there is any question as to the person's credentials, legal competence, etc. All decisions of the auctioneer are final. Agency: Fraise Auction & Real Estate and their representatives are exclusive agents of the seller. Currency Type: USD Special Terms Fraise Auction & Real Estate is providing Internet bidding as a service to the Bidder. Bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall Bidder have any kind of claim against Fraise Auction & Real Estate or anyone else if the Internet service fails to work correctly before or during the auction. Fraise Auction & Real Estate will not be responsible for any missed bids from any source. Internet bidders who desire to make certain their bid is acknowledged should use the proxy-bidding feature and leave their maximum bid 24 hours before the auction concludes. Fraise Auction & Real Estate reserves the right to withdraw or re-catalog items in this auction. The property is selling subject to public road easements, utility easements and all other easements of record. Seller shall not be obligated to furnish a survey. If, in the future, a site cleanup is required, it shall be the expense of the buyer. Buyers are not bidding contingent on financing or any other contingencies. All sales are final. The Property is being sold “As Is, Where Is”. This is a soft close auction. Any bid placed in the final 3 minutes of an auction results in the auction automatically extending an additional 3 minutes. The bidding will extend in 3 minute increments from the time the last bid is placed until there are no more bids and the lot sits idle for 3 minutes. Therefore, the auction will not close until all biding parties are satisfied and no one can be outbid in the last seconds without having another opportunity to bid again. --------------------------------------------- ------------------------------------------ Terms Of Use

Seller User Terms

Bidder User Terms
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 5,000.00 1.00 USD
5,000.01 - 100,000.00 250.00 USD
100,000.01 - 500,000.00 500.00 USD
500,000.01 - 9,999,999.99 1,000.00 USD
Currency USD
Buyer Premium NONE ON REAL ESTATE! 15% OTHERWISE
Payment Terms
Terms: $5,000 earnest money deposit at the end of the auction with the remainder due on or before August 17, 2020. The seller will provide a current abstract at their expense. Home sells "as is, where is". Sale is not contingent on Buyer's financing or any other contingencies. Real Estate Taxes: Taxes will be prorated to the date of closing. Closing: Closing will take place on or before August 17, 2020. The balance of the purchase price will be payable at closing in the form of cash, guaranteed check, or wire transfer. Possession: At closing upon payment in full. Inclusions: Refrigerator, elec. stove, space saver microwave, dishwasher, washer, dryer, window treatments, any building materials and paints will remain with the property.