504 SW Tyler Street, Topeka, Kansas

Town & Country Real Estate and Auction

 

Date(s) 2/23/2021 - 3/16/2021

Auction will open for bidding on 2/23/21 and will begin to close at 7:00 PM Central Time on 3/16/21.

Past Auction
Online-Only Auction
Bidding Notice:

Bidding will take place via Internet-Only bidding, There will be NO live portion to this auction.

Auction Information
Name 504 SW Tyler Street, Topeka, Kansas
Auctioneer
Type Online-Only Auction
Date(s) 2/23/2021 - 3/16/2021
Auction Date/Time Info
Auction will open for bidding on 2/23/21 and will begin to close at 7:00 PM Central Time on 3/16/21.
Preview Date/Time There are no set preview or open house date / times. Any and all previews or open house will be by appointment only
Checkout Date/Time High bidder will meet with Auction Company on 3/17/21 before 5:00 Central Time to sign purchase contract and will be required to submit a non-refundable amount as earnest money for 10% of the contract price with the remainder due in certified funds at closing on or before 4/20/21.
Location
Buyer Premium 10% Buyer's Premium added to high bid
Description
Internet-Only Real Estate Auction - 504 Tyler -Topeka,
Terms and Conditions for INTERNET-ONLY auction for 504 SW Tyler Street, Topeka, Kansas 66603. Bidding begins on Tuesday, February 23, 2021 at 1:00 PM Central Time; Bidding begins to end on Tuesday, March 16, 2021 at 7:00 PM Central Time. 1. Property is offered "as-is" with any and all faults with positively no contingencies. Buyer is responsible for conduction their own due diligence, including any desired inspections, at Buyer's expense, prior to close of auction. 2. This is a "Minimum Opening" bid auction. After a minimum opening bid of $15.000.00 for 504 SW Tyler Street, Topeka, Kansas; seller agrees to sell the property to the highest and last bidder. Auction Company has the right to set the minimum acceptable bid increments to determine the highest and last bidder. 3. A 10% BUYERS PREMIUM WILL BE ADDED TO YOUR LAST AND HIGHEST BID TO DETERMINE THE CONTRACT PRICE. 4. THE WINNING BIDDER MUST BE ABLE TO CLOSE ON THE PROPERTY ON OR BEFORE Tuesday, April 20, 2021. 5. Any description of any improvement is for informational purposes only, and no representations, warranties or guarantees are made concerning quality or suitability for use. 6. The property shall transfer by Deed that is acceptable by title company, subject to seller obtaining merchantable title, free and clear of any and all liens, Seller and Buyer will split the cost of title insurance and the closing agents fee 50/50. 7. Seller and Buyer will each pay a Transaction Fee of $150.00. 8. Once the bidding is closed, there shall be no further bidding. In the case of any disputes, the Auctioneer will use his judgment as to good faith of all claims and his decision is final. 9. Auction Company has the right to set the minimum acceptable bid increments. 10. All bidders are required to register online to participate in the auction. 11. If a bidder has an agent acting on their behalf that agent MUST fill out the "BUYER BROKER REGISTRATION FORM" and return it to the auction company no less than 24 hours prior to auction close and PRIOR to bidder registering for auction. In order to be eligible for compensation from auction company said agent MUST attend all document signings and closing. 12. Should a dispute arise after the auction, auctioneer's records shall be conclusive in all respects. 13. This is a privately owned and operated auction. We reserve the right to refuse participation to any person(s). No transfer shall be recognized from one buyer to another. 14. Auctioneer and/or seller reserves the right to withdraw the property prior to auction close. 15. Bidder does hereby indemnify and hold harmless Auctioneer/Real Estate salesman, broker, Auction Company and Seller from any and all damages, claims or liabilities from injuries to person or property of any type whatsoever, caused during auction. 16. Auction Company has full discretion to modify the date and time, order, and details of the sale of any asset of any auction for any reason or no reason at all, including but not limited to, technical issues, emergencies, and convenience of the Auction Company or the seller. 17. Auction Company and seller are not responsible for a bidder's inability to participate in this auction, including but not limited to, technical issues, Internet issues, personal ability, etc. 18. ANY BID SUBMITTED ONLINE CONSTITUTES A BINDING, OFFER TO PURCHASE AND AGREEMENT TO THE TERMS AND CONDITIONS, AS WELL AS AGREEMENT TO PERFORM. 19. Earnest Money: The high bidder at the close of the auction shall present non-refundable earnest money in the amount equal to 10% of the contract price in certified funds, personal check, or cash, at the property or other agreeable place, and sign the purchase contract no later than 5:00 PM Central Time on Wednesday, March 17, 2021. Said earnest money will be tendered and made payable to Lawyers Title of Topeka and will be deposited into their escrow account and held until closing. Said escrow company shall also handle all closing matters. Balance of the purchase price shall be due and payable at closing on or before Tuesday, April 20, 2021. Time is of the essence in this transaction. 20. Town & Country Real Estate and Auction listing agent Richard H. Garvin is acting as Designated Seller's Agent in this transaction and represents the seller, not the buyer; and Town & Country Real Estate and Auction broker Emily Malsbury will act as a Transactional Broker in this transaction. 21. Tenant - This house currently has a tenant, there is no written lease, current tenant has been on a month to month basis. They have been informed of the sale but have not been noticed up. 22. Persons registering for this auction acknowledge and agree that their contact information can be added to our data base so they can be notified of upcoming auctions. These "Terms and Conditions" for Auction Updated February 17, 2021
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 150,000.00 100.00 USD
150,000.01 - 9,999,999.99 10,000.00 USD
Currency USD
Buyer Premium 10% Buyer's Premium added to high bid
Payment Terms
High bidder will meet with Auction Company on 3/17/21 before 5:00 Central Time to sign purchase contract and will be required to submit a non-refundable amount as earnest money for 10% of the contract price with the remainder due in certified funds at closing on or before 4/20/21.
There will be No shipping for this auction. Possession will be at conclusion of closing.
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.