Title (AUCTION ID 110)
OCTOBER 26TH, 2019: LIVE REAL ESTATE PUBLIC AUCTION: 3 Unit Multi-Family Home in Lancaster, Ohio 43130. 2 UNITS HAVE 2 BEDROOMS AND 1 UNIT HAS 3 BEDROOMS.
Date & Time SATURDAY OCTOBER 26TH, 2019 1:30pm
Location

145-147 Union Street Lancaster, Ohio 43130

Highlights

This live PUBLIC REAL ESTATE AUCTION is conducted by John Rogers licensed auctioneer by the state of Ohio auction license number 57200082379 and licensed Real Estate agent (2004006271) with Key Realty Brokerage. Key Realty broker lics # REC.2010002888. Key Realty corp office 6546 Weatherfield Ct Building C Unit 3 Maumee Oh 43537. Broker office phone # (614) 300-0771. SELLING A 3 UNIT MULTI-FAMILY PROPERTY AS A MAIN BRICK HOME CAPE COD WHERE THE UPPER LEVEL HAS 2 BEDROOMS, 896 SQFT, 1 LIVING ROOM, 1 DINING ROOM, 1 FULL BATH AND KITCHEN. LOWER LEVEL OF THE MAIN BRICK HOME IS 1,500 SQFT, 3 BEDROOMS, 1 FULL BATH, LARGE LIVING ROOM WITH FIRE PLACE, LARGE DINING ROOM, OFFICE/SUN ROOM WITH SEPARATE ENTRANCE, KITCHEN, BREAKFAST NOOK, ACCESS TO THE PRIVATE BACK YARD AND BASEMENT ACCESS WITH STORAGE AND WORKSHOP AREA. ANOTHER FREESTANDING SINGLE FAMILY HOME AT THE REAR OF THE PROPERTY HAS 2 BEDROOMS, 1,450 SQFT, 1 FULL BATH, LIVING AREA, KTICHEN, UTILITY ROOM AND OFF-STREET PARKING ON A SLAB. ALL THREE UNITS HAVE SEPARATE ENTRANCES, SEPARATE UTILITIES, FORCED AIR GAS HEAT AND CENTRAL AC.

THE LIVE AUCTION WILL BE CONDUCTED ON-SITE AT THE ABOVE PROPERTY LOCATION PLEASE call John Rogers at 614 499-5257 with any questions – CENTRALIZED SHOWING SERVICES WILL HANDLE THE PROPERTY SHOWINGS 614-255-5588 - LIVE AUCTION HELD ON OCTOBER 26TH, 2109 with SALE DAY PREVIEW AND REGISTRATION STARTING AT 10:00AM UNTIL 1:30PM WITH AUCTION CONTRACT READ AT 1:30PM AND LIVE SOLICITATION FOR BIDS TO BEGIN IMMEDIATELY FOLLOWING

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Notes

LIVE PUBLIC REAL ESTATE AUCTION FOR 145-147 UNION STREET LANCASTER, OHIO 43130 AS A 3 UNIT MULTI-FAMILY PROPERTY.

Preview PRIOR TO THE AUCTION Date & Times: BY APT ONLY ON CALL CENTRALIZED SHOWING SERVICES IF YOU HAVE A REAL ESTATE AGENT REPRESENTING YOU OR CALL JOHN ROGERS FOR SHOWING APPOINTMENT IF YOU DO NOT AT 614 499-5257

PREVIEW & REGISTRATION DAY OF AUCTION: SATURDAY OCTOBER 26TH, 2019 starting at 10:00AM UNTIL LIVE AUCTION EVENT BEGINS AT 1:30PM

LIVE AUCTION EVENT Date & Time: SATURDAY OCTOBER 26TH, 2019 STARTING AT 1:30PM

GOOD LUCK AND HAPPY BIDDING!

CLICK HERE to view the Auction Information Package.

If you have any questions please contact John Rogers at johnrogersnetwork@gmail.com or mobile # 614 499-5257.

Terms

Real Estate Exclusive Right to Sell Agreement Addendum A
AKA Terms & Conditions

Re: This addendum constitutes the entire addendum to complete paragraph # 2 of the exclusive right to sell agreement for 147 Union Street Lancaster, Ohio 43130. Parcel ID #’s: 0532044800
Additional Terms and Conditions:

This is a Reserve Real Estate auction with a buyer’s premium of 8% for buyers not represented by a real estate agent and 10% for buyers represented by a real estate agent and sells AS-IS without contingencies (either financial or conditional).
High bid plus buyer’s premium will constitute the total purchase price. The winning bidder will then make a total down payment of 10% of the total purchase price as a non-refundable down payment to World Class Title Company. The down payment will be a $5,000 personal or business check made payable to World Class Title Company and the remainder of the 10% will be wired to World Class Title Company. Wiring instructions will be given directly from WCT. The Down payment will be given back to the buyer when said buyer closes within the terms of this contract. If the buyer defaults and does not complete the transaction the down payment will be split 50/50 with Key Realty brokerage and seller. If a default occurs the auctioneer will contact the backup bidder to offer the position of primary contract within the terms of the auction. Every prospective bidder must sign a letter of “irrevocable instruction” which defines that all down payment funds are non-refundable. Each registered bidder must have a State issued photo Identification and register by signing the “Auction Registration Form” and “Terms & Conditions Form”. Auctioneer may make changes to terms and condition within his fiduciary responsibility to the seller (client), in the best interest of the client. If changes are made, they must be reduced to writing and signed by both parties, (buyer and seller). If the high bid is $200,000 the buyer’s premium is $16,000 (without an agent representing the buyer) and the total purchase price is $216,000. Therefore, the non-refundable down payment is $21,600. The winning bidder may ask for an extension and if agreed by the seller, buyer agrees to and will pay a $200 per diem split 50/50 with the broker and seller prior to the extension time period. All closing costs are the buyer’s responsibility. No Tax credits or proration given to buyer.
Once a bidder has met the requirements to bid and then becomes the winning bidder (he/she) will sign all necessary contracts and submit a personal/business check for the necessary down payment at the moment of signing contract. The winning bidder(s) will then have 30 days from the date of the live auction event to close the transaction with World Class Title Company. This exclusive listing agreement, terms and conditions shall be binding upon the parties, their heirs, administrator, executors, successors of interest and assigns.
Real Estate agents that want to be eligible for representing a prospective bidder and the subsequent co-op commission 2.0% must register their contracted client at least 24 hours prior to the live event by faxing or scanning & emailing a signed Agency Disclosure Statement to John Rogers at fax - 614 635-2652 or john@irsauctioneer.com
John D. Rogers II Realtor ™, Licensed Real Estate, Auctioneer, Personal Property Appraiser CAGA

9132 Us Hwy 62 suite B
Orient, Ohio 43146 ___________________________________________
Mobile 614 499-5257 Seller’s signature Date
Fax 614 635-2652
_____________________________________________
Buyer’s signature Date

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P.O. Box 34
Orient OH 43146
Phone: 614 499-5257
Fax: 614 635-2652
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