Crown Investments

Ruckert Realty & Auction

 

Date(s) 10/7/2020 - 10/29/2020

The Auction opens October 7, 2020 at 5:00 PM Central Time The Auction ends October 29, 2020 at 7:00PM Central Time

Past Auction
Online-Only Auction
Bidding Notice:

internet bidding only

Auction Information
Name Crown Investments
Auctioneer
Type Online-Only Auction
Date(s) 10/7/2020 - 10/29/2020
Auction Date/Time Info
The Auction opens October 7, 2020 at 5:00 PM Central Time The Auction ends October 29, 2020 at 7:00PM Central Time
Preview Date/Time Contact Jeff Ruckert at 785-565-8293
Checkout Date/Time NONE
Location
Buyer Premium 10% buyers premium for all items
Description
Four Residential Real Estsate properties being offered. Can be purchased as investment , single family dwellings. All properties will end October 29th 2020 at 7pm Centeral If you have any Questions or would like to view these properties please contact Jeff Ruckert at 785-565-8293 OPen Houses Freemont will be Sunday October 18th from 1pm to 2pm Thurston will be from 2:30pm to 3:30pm
Auction Terms & Conditions "ONLINE ONLY" REAL ESTATE BIDDING AUCTION TERMS AND CONDITIONS REGISTRATION: Proper and complete online registration is required to bid. All bidders must provide name, address, phone number, and email address to register. A credit card (MC, Visa or Discover) is required to actually place a bid on the property. The credit card will be validated before bidding access is granted, but is not a recognized form of payment of the deposit or purchase price. Should a Winning Bidder fail to complete the contract signing process, the required deposit will be charged to the credit card provided at registration. By registering, all bidders acknowledge having read and agree to be bound by the Auction Terms and Conditions. Bidders may register prior to, or during the bidding period. At registration bidders are given the option of receiving emails confirming their individual bids and/or when they are outbid. BIDDING ONLINE: If you need assistance placing a bid or prefer to submit a bid in person, please call our office for assistance. 785-565-8293 To place a bid, bidders enter their "maximum" bid and click the "Place Bid" button. Each time that bidder is outbid by another bidder, the system will automatically bid on their behalf at the established bid increments up to their maximum. The system will not advance a bidder's own bid. Online-only auctions utilize the "Soft Close" feature that automatically extends the bidding time if a bid is received in the last 15 minutes of the published bidding period. The extensions will continue until 15 minutes have lapsed without any bidding activity, at which time the auction is concluded. BUYER'S PREMIUM: A buyer's premium of ten percent (10%) of the high bid shall be added to that bid and included in the total purchase price to be paid by the successful bidder(s). Sample calculation -- High bid = $50,000 Buyer's Premium = $ 5,000 (10% of 50,000) Total purchase price = $55,000 FINANCING: Financing is not a contingency of sale in this offering. Therefore, it is strongly recommended that potential bidders ensure in advance that they are able to obtain the necessary financing to close the transaction. CONTRACT SIGNING: At the conclusion of the auction the Winning Bidder will receive an email confirming his or her winning bid status. In this or a subsequent email the Winning Bidder will receive a link to sign all documents electronically along with wiring instructions for submitting the required earnest money deposit to the named title company. The Auctioneer or his representative will contact the Winning Bidder the following morning to address any questions concerning the required process. Should the electronic processes described above be unavailable, alternative arrangements will be made. In any event, the contract signing and deposit payment process must be completed by close of business on the day following the auction conclusion. A Winning Bidder whose documents and deposit are not received within the required timeframe is subject to paying a liquidated damages amount equal to the down payment (charged to the credit card used at registration) and will not be allowed to bid in any future Ruckert Auction & Realty auction events. Note that property-specific purchase documents are available prior to the auction end date and any professional reviews of such documents should be undertaken PRIOR to bidding. All final bids are subject to Seller's reserve, unless advertised otherwise. Any property with a high bid exceeding the Seller's reserve will be declared "sold" by the Auctioneer. In instances where the seller's reserve was not met in the auction, the signed contract and accompanying deposit will be presented to the Seller for approval, which shall be given or denied in the Seller's sole discretion within 5 business days. If approval is denied, all documents and the deposit will be returned immediately. DOWN PAYMENT (DEPOSIT): The Winning Bidder shall be required to make an earnest money down payment of $5,000.00 per winning bid. This deposit must be paid by wire transfer, certified funds, or cash, by close of business the day following the bidder being declared the Winning Bidder. CLOSING: The Winning Bidder shall close within 30 days of the auction date, unless stated differently in the Purchase Agreement. EVIDENCE OF TITLE: Seller shall furnish at seller's expense an Owner's Policy of Title Insurance in the amount of the total purchase price and shall execute a general warranty deed conveying the real estate to the buyer(s). REAL ESTATE TAXES & ASSESSMENTS: 2020 taxes are to be prorated as of the closing date. EASEMENTS AND LEASES: Sale of said property is subject to any and all easements of record and any and all leases. AGENCY: Ruckert Realty & Auction and its representatives are Exclusive Agents of the Seller. DISCLAIMERS AND ABSENCE OF WARRANTIES: The information in the auction advertising was obtained from sources believed to be accurate, but is subject to verification by all parties relying on it. All sketches and dimensions are approximate. No liability for its accuracy, errors or omissions is assumed by the Seller or the auction company. All bidders are responsible for conducting their own inspections, investigations, inquiries and due diligence concerning the property. The property is being offered on an "AS IS", "WHERE IS" basis and no warranty or representations, expressed or implied, is made by the Seller or the auction company. All information contained in the advertising and all related materials are subject to the terms and conditions outlined in the purchase agreement. The Auctioneer reserves the right to bid on behalf of the Seller up to, but not beyond the Seller's reserve (if applicable). This property is available for and subject to sale prior to auction. MID-AUCTION SALES: As exclusive agents for the Seller, the Auctioneer has a fiduciary obligation to present any and all offers to the Seller. Therefore, all properties are subject to mid-auction sales. Mid-auction offers must meet all auction terms and be submitted to the Auctioneer on the Real Estate Sale Contract along with the required deposit. Properly submitted offers will be presented to the Seller, who may accept or reject such offer in their sole and absolute discretion.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 500.00 USD
Currency USD
Buyer Premium 10% buyers premium for all items
Payment Terms
USD
No Shipping
Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.