INSPECTION:
Thursday, August 15, 2019 FROM 1:00 P.M. to 4:00 P.M.
Sunday, August 18, 2019 FROM 1:00 P.M. to 4:00 P.M.
Thursday, August 22, 2019 FROM 2:00 P.M. to 4:00 P.M. (The day the Auction starts to Close.)
If you have questions on this property or would like an auctioneer show you the property, please call Don at 218-735-8619.
PAYMENT:
TERMS: $2,500.00 down within 72 hours of close of the sale, balance due within 30 days.
PROCEDURE:
Online Bidding Only. The auction will start to close at 7:30 PM Thursday,
August 22, 2019. In addition
there will be Extended Bidding, which means items that have bids placed
within 5 minutes of its closing time, the time will extend for 5 minutes.
This will continue until there is no activity for 5 minutes.
The property is to be sold in "As is Where is" condition. All information and Dimensions are believed correct but are not guaranteed. Buyers shall rely on their own Information, judgment, and inspection of the PropertyBIDS CANNOT BE RETRACTED ONCE PLACED.PROPERTY CONDITION, DISCLAIMER, AND ABSENCE OF WARRANTIES:This property is selling subject to any existing right-of-way easements, reservation of any mineral rights to the State of Minnesota, encroachments, zoning regulations, governmental agencies regulation, leases, deed restrictions, and any applicable state or local laws.This property is selling "as is" condition without warranties, guarantees or representation of any, either expressed or implied. Neither the Seller, its attorneys, any broker nor the Auction company personnel shall be liable for any damages, rescission, reformation, allowance, or adjustment based on the failure of the property, appliances, square footage, zoning, floor plans, ect., to conform to any specific standard or expectation.It is the purchasers responsibility to conduct his/her own independent inspections, investigations, inquiries, and due diligence concerning the property offered for sale. Information is subject to verification by all parties relying on it. All information and dimensions were derived from sources believed correct, but are not guaranteed.LISTING BROKERAGE:Edge PropertiesONLINE AUCTION FACILITATOR:Oberfoell Auctioneers/Do-bid.com REAL ESTATE TAXES: Taxes due and payable in the year of closing shall be prorated to the date of closing.TITLE:Seller shall deliver an insurable title with no liens. Seller shall provide a general warranty deed.CLOSING AGENT: Sellman Law OfficeHibbing, MNPOSSESSION:The day of closing.BUYER'S PREMIUM:There will be a 10% buyer's premium added to the high bid amount. The high bid amount plus the 10% buyer's premium equals the purchase price.WINNING BIDDER:In the event you are the winning bidder, a down payment in the amount of $2,500 and a signed Real Estate purchase agreement will be due within 72 hours of Auction Close. Balance due in 30 days of Auction Close or before as set forth in the Real Estate purchase agreement. Down payment must be made payable to "Edge Properties Trust". In the event the purchaser fails to close, the down payment will be retained by the Seller as liquidated damages.You must read our terms and conditions and register before bidding on this Auction.At The Close of The Auction Active Items Will Remain Open Until No Bids Have Been Received for Five Minutes.
