123+/- Acres V/L E. Parks Rd., St. Johns, Clinton County

Commercial Auction in E Parks Rd, St Johns Michigan, United States

15 Wednesday
April 15th, 2020
Sheridan Realty & Auction Co.

123+/- Acres V/L E. Parks Rd., St. Johns, Clinton County

Commercial Auction in E Parks Rd, St Johns Michigan, United States

Wednesday at - 15th April , 2020

Notes

We are selling 123+/- Acres vacant land on this online only auction!! Parcel ID# 120-020-400-005-00 2019 SEV: $286,100 2019 Taxable Value: $62,894 Yearly Taxes: $1800+/- Property has frontage on E. Parks and St Clair Roads Please contact the sale manager prior to walking the property. Contact Troy Crowe for more information 989-666-6339<br/><hr/>Exhibit A Terms and Conditions of Online Only Real Estate Auction Sale subject to seller approval or rejection This online only auction is subject to seller confirmation and is a cash sale not contingent on or subject to financing, appraisal, survey, or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Agreement to Purchase Real Estate. The buyer will be able to farm the property as soon as the seller gives confirmation on the sale. The buyer can plant a crop prior to closing of the real estate, however, should the buyer not meet the deadline to close on the real estate they will forfeit their down payment and the the crop they planted. Once you place a bid, it cannot be removed, even if you have bid incorrectly. Please verify your bids before submitting. Bidding increments are as follows: $200 - $1000 = $25 $1,000 - $10,000 = $100 $10,000 - $25,000 = $500 $25,000 - $500,000 = $1,000 $500,000 - $1,000,000 = $5,000 $1,000,000 and up = $10,000 A Buyer's Premium of 5% is added to the high bid. Please take this into consideration when bidding. Example: Final bid price on a property is $100,000. Add the 5% buyer's premium of $5,000 to get a final price of $105,000. This is the actual sales price that will be used on the purchase agreement, and the number upon which transfer tax and title insurance are based. At the close of the auction, the successful Bidder will be emailed an Agreement to Purchase Contract to be executed and returned to Sheridan Realty & Auction Co. within Forty Eight (48) hours. Successful Bidders will deposit 10% of the sale price in the form of a cashier's check or wire transfer with Sheridan Realty & Auction Co. within Forty Eight (48) hours of the completion of the auction. The earnest money deposit is non-refundable. The entirety of the remaining balance is due at closing on or before Forty Five (45) days from Auction Day. Purchaser will be responsible for all wire transfers. Per the Contract, time is of the essence; you should proceed to closing within Forty Five (45) days. Possession shall be given to the successful Buyer(s) at closing, and all closing fees charged by the Title Company are shared equally between Buyer(s) and Seller(s). Successful Bidders not executing and returning their Contract with Earnest Money deposit within Forty Eight (48) hours of the conclusion of the auction will be considered in default. If your closing is delayed for any reason, by you, as purchaser, or other parties working on your behalf, including any lender you involve, you may be declared in breach of this contract, forfeit all deposits made, and could be additionally liable for any and all costs incurred by Seller and Sheridan Realty & Auction Co. incurred in a subsequent resale of the property. Buyer(s) must be prepared to make a cash offer. There are no contingencies to this sale (i.e. financing, appraisal, repairs, or inspections). Therefore, you should be pre-qualified by a lender prior to bidding if you require financing. This property is being sold for cash "as-is, where-is" with a closing deadline. Sheridan Realty & Auction Co. reserves the right to remove or cancel the bids and or bidding rights and privileges of any party at any time deemed not to be in the best interest of the seller. The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Sheridan Realty & Auction Co. will reject the registration, and bidding activity will be terminated. Buyer acknowledges they are buying property "as-is, where-is", without inspections or contingencies, Buyer(s) will rely on his/her own judgment and inspection. Seller(s) will provide an owner's policy of title and convey title with a Warranty Deed. Sheridan Realty & Auction Co. and their representatives are Exclusive Agents of the Seller(s). Auctioneers and sales agents reserve the right to negotiate final sales price on behalf of the seller, or bid on behalf of the seller, if necessary. Real Estate is sold subject to any and all existing matters of record, and all easements, building use or zoning laws and regulations. Properties that are currently rented are subject to Tenant's Rights. There are no security deposits for any properties. Taxes and assessments will be pro-rated to the closing date. All Sheridan Realty & Auction Co. Online Only Real Estate Auctions are timed events that have an auto-extend feature. Any bid placed within 5 minutes of the auction ending will automatically extend the auction for 5 minutes from the time the bid is placed. Example: If an auction scheduled to end at 6:00 pm receives a bid at 5:59 pm, the close time of the auction automatically extends to 6:05 pm. The auto-extend feature remains active until no further bids are received within the 5 minute time frame. There will NOT be any co-brokerage on this particular auction. The terms and covenants of the purchase agreement, including these additional terms (Exhibit A), shall survive closing and shall bind and the benefits shall inure to the heirs, successors, representative and assigns of the Parties.

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