Real Estate Auction Terms & Conditions

 

-The subject property located at 25091 Front Street, Sterling, IL 61081 (Tax ID: 10-36-304-005) will be offered for sale at public auction on Saturday, October 13, 2018 @ 12:00 Noon; to the highest bidder with an opening bid price of $65,000.

 

-The subject property is offered in “AS IS” condition without any warranties or guarantees; including but not limited to: mechanicals, shared well (with designated pumps), septic system.

 

-The successful bidder will be required to deposit $5,000; and enter into a written contract for purchase agreement without any contingencies immediately following the bidding.

 

-The successful bidder agrees to sign and waive the 10 day right of inspection offered on the lead paint disclosure (if applicable).

 

-The closing date shall be on or before November 15, 2018.

 

-Real Estate taxes will be prorated to the day of closing, based on the latest available tax information, with no other adjustments.

 

-The seller will provide standard title insurance for the amount of the final selling bid price.

 

-The seller shall not be required to provide a survey.

 

By completing and signing this registration form; I hereby agree to the above terms & conditions, I acknowledge that the opportunity has been given to inspect the subject property and accepts the premises in “AS IS” condition.

 

Name:___________________________________  Phone#______________

Address:______________________________________________________

Drivers License #:_______________________________ State:__________

 

Signature:_________________________________ Date:_______________