Name Tues. Nov. 17th 703 Maine St. Windsor, IL Online Only Auctio
Auctioneer Bauer Auction Service
Type Online-Only Auction
Date(s) 10/15/2020 - 11/17/2020
Internet-Only. All Bidding Takes Place Online.
Preview Date/Time Open House: Sunday, November 1st from 1:00PM - 2:00PM Sunday, November 15th from 1:00PM - 2:00PM Or by Appointment
Checkout Date/Time Terms: 10% Down at conclusion of auction. Balance, possession & closing within 30 days, 2020 Real Estate taxes prorated to date of closing. 5% Online Buyer Premium payable to Bauer Auction Service, LLC. Closing at Shelby County Title Inc. in Shelbyville, IL.
Location 703 Main St.
Windsor, IL 61957
Buyer Premium 5%
Description
Hello and welcome to the Tuesday, November 17th 703 Maine St. Windsor, IL Online Only Real Estate Auction! Online Only Auction 2+ Bedroom Home 703 Maine St. Windsor, IL 61957 Bidding Begins Closing: Tuesday, October 17th at 7:00PM 1900 sq. ft. Home - - Garage - - 4 City Lots Approx. 100' x 200' 1-1/2 Story; Vinyl Sided Home; 2+ Bedrooms; 2 Full Baths; Large Remodeled Kitchen w/ Stove, Refrigerator & Dishwasher; Replacement Windows; Many Closets; Living Room w/ Tray Ceilings, Dining & Family Rooms; Forced Air Gas Furnace; 24' x 30' 2 Car Garage w/ Concrete Floor; Small Garden Shed Open House: Sunday, November 1st from 1:00PM - 2:00PM Sunday, November 15th from 1:00PM - 2:00PM Or by Appointment Terms: 10% Down at conclusion of auction. Balance, possession & closing within 30 days, 2020 Real Estate taxes prorated to date of closing. 5% Online Buyer Premium payable to Bauer Auction Service, LLC. Closing at Shelby County Title Inc. in Shelbyville, IL. Title search and commitment are completed and ready for closing. Patrick & Brenda Kasey Estate
Auction Terms & Conditions TERMS AND CONDITIONS Online Real Estate Auction Please review this document carefully. This document creates certain legally binding contractual obligations. In order to register and receive access to the interactive online bidding platform, a Bidder must accept and acknowledge these Terms and Conditions. 1. Any bid placed shall constitute a legally binding and enforceable offer to purchase the subject real estate. All bids therefore constitute an irrevocable offer to purchase and shall remain valid and enforceable until the Seller declares the property "Sold" and the auction has concluded. 2. Auctioneer reserves the right to reject or cancel any bid placed. Auctioneer agrees to timely advise any bidder of a rejected bid. 3. The Winning Bidder covenants and agrees to consummate the purchase of the subject real estate at the price of the winning bid, and upon the terms and conditions hereinafter provided. 4. Within 48 hours of the close of the auction event, the Winning Bidder for the property will be required to execute, as Buyer ("Buyer"), the Real Estate Purchase Agreement and applicable Addendums, if any, ("Agreement") with no exceptions, and tender the earnest money deposit. 5. No modifications to the form of the Real Estate Purchase Agreement will be accepted. The general terms of the Real Estate Purchase Agreement are available for review at the request of any bidder, and are available for download through Auctioneer's website. 6. Failure to execute the Real Estate Purchase Agreement shall be considered an act of default by the Winning Bidder, and the Seller shall be entitled to pursue any and all legal and equitable remedies against the Winning Bidder which are available to Seller pursuant to the laws of the jurisdiction of the State of Illinois. In the event that Seller and/or Auctioneer file suit against Winning Bidder, Seller and/or Auctioneer shall be entitled to recover all reasonable attorneys' fees, costs and expenses incurred. 7. Failure to execute the Real Estate Purchase Agreement in the form presented or to tender the earnest money deposit within 48 hours from the close of the auction event shall result in a $1,000 Administrative Fee as liquidated damages. The parties acknowledge that the amount of damages to Seller and Auctioneer as a result of default of the Winning Bidder is incapable of precise calculation, and the Administrative Fee shall constitute liquidated damages incurred as a result of Winning Bidder's default and not a penalty. All Administrative Fees are non-refundable. Back-up bids will be recorded and received. Should the Property not close with the original Winning Bidder (Buyer), the Seller in its sole discretion will have the option to pursue back-up bids. 8. The required earnest money deposit shall be held in an account with the Seller's designated closing agent pursuant to the terms of the Agreement. The Earnest Money Deposit shall be equal to 10 percent (10%) of the Total Purchase Price and is NON-REFUNDABLE. 9. The Closing date ("Closing") for the conveyance of the realty and the consummation of the transaction will be on or before 30 days following the closing of bids unless extended by the mutual agreement of the Seller and the Winning Bidder. 10. The Total Purchase Price will be due and payable by Buyer at Closing with Cashier's Check from an F.D.I.C. insured institution in U.S. Funds (payable to the Seller) or by Wire Transfer of immediate funds, pursuant to instructions from the Settlement Agent. 11. Buyer shall receive credit for the Earnest Money Deposit which shall be released from escrow and applied by the Settlement Agent towards the Total Purchase Price at Closing. 12. Time shall be of the essence as to all of Buyer's obligations. 13. Any Winning Bidder not closing within the contractual time period to close shall forfeit his/her earnest money, in the nature of liquidated damages. Please review the Seller's Sample Real Estate Purchase Agreement to determine closing requirements. 14. It is understood and agreed, when represented, that title to the property shall be insurable after closing and will be conveyed to the Buyer by Special Warranty Deed (the "Deed"). The acceptance of the Deed by Buyer shall constitute and be deemed and considered full compliance by the Seller of all the terms and conditions of the Agreement on the part of the Seller to be performed. It is further expressly agreed that none of the provisions of the Agreement shall survive the delivery and acceptance of the Deed, except insofar as may therein otherwise be expressly and specifically provided. 15. Winning Bidder acknowledges that the Property is subject to all laws, ordinances, codes, rules and regulations of applicable governmental authorities pertaining to the ownership, use and occupancy of the Property including, but not limited to, zoning, land use, building codes, and agrees to take title subject to such matters, and the following permitted exceptions: (i) all covenants, restrictions, easements and agreements of record now on the Real Property; (ii) the state of facts which would be shown by a current survey or inspection of the Real Property; (iii) any matter created by or through Buyer; (iv) any title matters which Buyer has accepted or is deemed to have accepted as set forth in the Agreement; (v) such other items that will not make the Real Property unusable or unmarketable for the purposes for which it is currently used. 16. The Seller, Broker, Auctioneer and their representatives, attorneys, agents, and sub-agents, assume no liability for errors or omissions in this or any other property listing or advertising or promotional/publicity statements and material. The Seller, Broker, Auctioneer and their representatives, attorneys, agents and sub-agents, make no guarantee as to the accuracy of the information herein contained or in any other property listing or advertising or promotional/publicity statements and material. 17. The Property is sold in its "AS IS" condition with all faults and limitations and no warranties expressed or implied. All Bidders are encouraged to inspect the Property prior to placing any bid and the Winning Bidder, as Buyer, acknowledges that he/she/it has had a reasonable opportunity to inspect and examine the condition of the Property and make inquiries of applicable governmental authorities pertaining to Buyer's proposed use of the Property prior to the Auction as Buyer has deemed necessary or desirable. All information was derived from sources believed to be correct, but is not guaranteed. Bidders shall rely entirely on their own information, judgment, and inspection of the Property and records. 18. By registering and bidding, the Buyer acknowledges they understand accept and agree to these Terms and Conditions. The Buyer acknowledges that they have had ample opportunity to read the Sample Real Estate Purchase Agreement and Addendum and the Terms and Conditions of the Auction Sale posted on the website and accept the Real Estate Purchase Agreement without any changes to the pre-printed text. 19. By registering and bidding, the Buyer acknowledges that they have submitted themselves to the personal jurisdiction of the State of Illinois. Buyer acknowledges that any and all disputes shall be governed by Illinois Law, conflicts of laws provisions notwithstanding, and that any and all litigation associated with any purchase and sale hereunder shall be filed in the Fifth Judicial Circuit, Coles County, Charleston, Illinois. 20. Seller and Auctioneer cannot, and will not, be held responsible for any interruption in service, errors, and/or omissions, caused by any means, therefore they cannot guarantee continual, uninterrupted or error free service as the website could be interfered with by means out of their control. Bidder acknowledges that the online auction is conducted electronically and relies on hardware and software that may malfunction without warning. 21. Auctioneer acts solely as an agent for Seller and is not a party to any contract for the consummation of the real estate transaction. 22. The Registered Bidder acknowledges receipt and copy of these Terms and Conditions, and having read and understood the provisions set forth therein, accepts same and agrees to be bound thereby. --------------------------------------------- ------------------------------------------ Terms Of Use

Seller User Terms

Bidder User Terms
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 99.00 1.00 USD
99.01 - 197.50 2.50 USD
197.51 - 295.00 5.00 USD
295.01 - 490.00 10.00 USD
490.01 - 1,975.00 25.00 USD
1,975.01 - 9,950.00 50.00 USD
9,950.01 - 49,900.00 100.00 USD
49,900.01 - 199,750.00 250.00 USD
199,750.01 - 9,999,999.99 500.00 USD
Currency USD
Buyer Premium 5%
Payment Terms
Terms: 10% Down at conclusion of auction. Balance, possession & closing within 30 days, 2020 Real Estate taxes prorated to date of closing. 5% Online Buyer Premium payable to Bauer Auction Service, LLC. Closing at Shelby County Title Inc. in Shelbyville, IL.
Terms: 10% Down at conclusion of auction. Balance, possession & closing within 30 days, 2020 Real Estate taxes prorated to date of closing. 5% Online Buyer Premium payable to Bauer Auction Service, LLC. Closing at Shelby County Title Inc. in Shelbyville, IL.