ON LINE ONLY Real Estate Auction
1557 6th Ave SE, Cedar Rapids, IA
This two story, 1246 SF home built in 1910 sits on a 38’ x 75’ corner lot. Three bedrooms, Full Basement, Oversize Living room. The property will be sold AS-IS.
Terms: 10% Down Payment due upon signing of the Purchase agreement. Signing of purchase agreement must be performed at the office of Wears Auctioneering Inc, 1826 Mehaffey Bridge Rd NE Solon, IA, within 24 hours of confirmation of acceptable offer. If the high bidder does not perform within 24 hours, as outlined above, back up bidder will be given the opportunity to purchase property at their last bid if approved by the seller. This auction is subject to a 10% Buyer’s Premium.
Any remaining balance will be due upon delivery of Deed and Abstract showing merchantable title at time of closing. Closing to occur on or before Sept 15, 2017.
Taxes will be prorated to date of possession. Possession will be given at time of closing.
This auction IS NOT subject to financing or any other contingencies and buyer must close no later than September 15, 2017 or their down payment will be forfeited.
Inspections: The buyer may, at their own expense, perform any inspections they wish prior to the auction’s close. This includes but is not limited to Asbestos, Lead Based Paint, Radon, Wood destroying insects etc. as well as any mechanical inspections. Furthermore, the buyer agrees to waive their right to a 10 day inspection after the auction for Lead Base paint, Radon and Asbestos, Wood destroying insects etc… Your time of Due Diligence is prior to the auction’s closing. THE PROPERTY SELLS IN AN AS-IS CONDITION.
ALL bidding will take place through our website www.wearsauctioneering.com
The auction will offer a soft close, meaning that any bid placed within the last 5 minutes of auction will extend the bidding an additional 5 minutes. This will extend each time that a bid is placed until there has been no increase in the bidding within the final 5 minute limit.
Buyers are encouraged to perform a walkthrough prior to bidding. If you would like to preview the property please contact Brent @ Wears Auctioneering, 624-3779 to schedule a time.
Any remaining balance will be due upon delivery of Deed and Abstract showing merchantable title at time of closing. Closing to occur on or before Sept 15, 2017.<br>
Taxes will be prorated to date of possession. Possession will be given at time of closing.<br>
This auction IS NOT subject to financing or any other contingencies and buyer must close no later than September 15, 2017 or their down payment will be forfeited.<br>
Inspections: The buyer may, at their own expense, perform any inspections they wish prior to the auction’s close. This includes but is not limited to Asbestos, Lead Based Paint, Radon, Wood destroying insects etc. as well as any mechanical inspections. Further more, the buyer agrees to waive their right to a 10 day inspection after the auction for Lead Base paint, Radon and Asbestos, Wood destroying insects etc… Your time of Due Diligence is prior to the auction’s closing. THE PROPERTY SELLS IN AN AS-IS CONDITION.