Englewood Auction- Real Estate and Collectables

We look forward to having you as a guest at our sale! ��

PLEASE NOTE:

1. This is an in person Auction
2. All Sales are Final
3. Registration and preview begins at 8:00 am
4. Parking on the grass.
5. Bring help to load your items
6. Street parking not available.

Real Estate Terms:

Real Estate Auction Terms and conditions
4832 Phillipsburg Union Rd, Englewood, OH, 45322
1. Registration and deposits
Although there is no obligation to bid, all prospective buyers must register in order to
bid in the auction. This is true for both online and live auctions. A deposit of
$5000.00 will be collected immediately following the sale for live auctions and
within 24 hours of online auctions. These funds must be wired or made by certified
check. A personal or business check may be used if prior authorization from auction
company is received. Checks will be made out to CENTURY 21 Thacker &
Associates, Inc. These funds will be deposited into the Real Estate Brokers non-
interest bearing trust/escrow account. These funds will be credited to the buyer at
the closing. The property should close in Forty (40) days unless other terms are
posted in the listing. The deposit is non-refundable for any reason. The deposit will
be forfeited if closing does not happen by closing date. You will be required to sign a
release of Ernest Money Agreement at Acceptance of contract.
2. Auction Type
Properties may be offered through any of the following auction methods. The
auctioneer reserves the right to withdraw any property from the auction, up to the
start of the auction without penalty including absolute auctions.
a. Reserve/Seller conformation- The seller has the right to accept or reject
the highest bid.
a. This property sells with seller confirmation.
3. Conditions of the Auction
The Auctioneer’s decision is final in the event of any dispute over any auction
matter. The Auctioneer reserves the right to accept bids in any increments he feels
are in the best interest of his clients and reserves the right to waive any previous
printed or announced requirements. All auction day announcements by the
Auctioneer supersede any printed material or any other auction statements made
previously. The Auctioneer reserves the right to bid on behalf of any buyer. All
auction sales contracts will be presented to the seller for approval. The Auctioneer
reserves the right to withdraw any property including absolute sales from the
auction, without penalty. Auctioneer reserves the right to cancel the auction,
without penalty if the auctioneer believes the outcome will not be in the seller’s best
interest. If Seller is not present, the Auctioneer may elect to start or cancel the sale
without penalty. The Auctioneer shall be held harmless by the buyer and seller
should the property fail to go to successful settlement for any reason. The Seller,
Auctioneer, CENTURY 21 Thacker & Associates, Inc, and any of its agents shall not
be held liable for any errors and omissions regarding auction property. Buyer
assumes the responsibility to check with the appropriate authority/authorities
regarding the properties zoning and current and future intended use as wells as
restrictions and covenants affecting the property. Bidder(s) have the right and
should examine the applicable county master plan and any municipal land use
plans and maps for the area the property is located prior to bidding. The Seller,
Auctioneer, CENTURY 21 Thacker & associates, and any of its agents assume no
responsibility for the information contained in such plans and maps, and assumes
no liability for failure of the buyers to review the plans and maps. The contract will
not be contingent upon bidder(s) reviewing such plans and maps. Auctioneer
complies with all federal, state, and local laws regarding the buying and selling of
property.
4. Buyer’s premium
A Eight percent (8%) buyers premium will be added to the final bid to establish the
final contract price. It is clearly understood by the buyer, that the Auctioneer
represents the seller and that this buyer’s premium in no way implies and agency
relationship between the Auctioneer/Listing Agent and Buyer
5. Mortgage Financing
Financing is not a condition of the purchase contract. It is recommended that the
bidder does his due diligence in regards to being able to perform within the allotted
closing period. The contract will be written as a cash contract. There will be no
contingencies for appraisals or inspections. Deposit will be forfeited if failure to
close for any reason.
6. Property inspection
Bidder acknowledges that he or his agent has inspected the property and will be
purchasing the property “as is-where is”. Property may only be inspected during the
posted inspection periods or with written approval from Auctioneer.
7. Warranties
There are no expressed or implied warranties on the property. The property is sold
“As is Where Is”. Feel free to have any inspections done prior to the Auction if you
wish. To do this you must get Auctioneer/Listing Agent permission.
8. Forms
Bidder acknowledges that he has reviewed the appropriate forms as may be
required by the state of Ohio.
A. Property Disclosure form
B. Disclosure of Agency relationships
C. The disclosure of information and acknowledgement / lead base paint
and/or lead base paint hazards required under Title X for homes built prior
to 1978.
If successful Bidder, Bidder agrees to execute all necessary forms within 24 hours of
accepted bid.
9. Fair Housing
“it is illegal, pursuant to the Ohio Fair Housing Law, Division (H) of section 4112.02
of the Revised code and the Federal Fair Housing Act law, 42 U.S.C.A 3601, as
amended, to refuse to sell, transfer, assign, rent, lease, sublease, or finance housing
accommodations, refuse to negotiate for the sale or rental housing
accommodations, or otherwise deny or make unavailable housing
accommodations because or race, color, religion, sex, familial status as defined in
section 4112.01 of the Revised Code, ancestry, military status as defined in that
section, disability as defined in that section, or national origin or to so discriminate
in advertising the sale or rental of housing, in the financing of housing, or in the
provision of real estate brokerage services. See more information at:
http://oriorealtors.org/legal/topics/fair-housing/fair-housing/fairhousing-
language/#sthash.Vji3nl4Q.dpuf”
10. Bidders Acknowledgement
By signing below or registering online, you as the successful bidder agree to the
terms and conditions stated herein. This document is part of the non-contingent
purchase contract for the sale of property that is being offered at Auction this date.
This is a public offering open to all.
11. Tax Prorations- The taxes will be pro-rated using the short proration method for this
property.
12. Buyer Agent Co-op
If you as a bidder have a buyers agent, they must successfully register with the
Auctioneer 48 hours prior to the auction and before you view the property or register
to bid in order to receive a co-op commission. There will be a 3% commission paid
to the buyers agent at closing. Any additional commissions must be paid in addition
to the contract price from the buyer.
13. Auctioneer
Auctioneer is licensed by the Ohio Department of Agriculture and is bonded in favor
of the State of Ohio.
14. Licenses
Justin Steel is a Licensed Auctioneer in the State oh Ohio License # 2024000077
Justin Steel is a Licensed Real Estate Sales Agent in the State of Ohio License #
SAL.2005014624
Ken Thacker is a Licensed Real Estate Broker in the State of Ohio. License #
BRKP.2002017276
Bidder Signature ___________________________________________
Bidder Printed ______________________________________________
Agent Signature_____________________________________________
Agent Printed_______________________________________________
Agent Contact information__________________________________