Cates Auction & Realty Co., Inc. 1440 Iron Street North Kansas City, MO 64116
MAIN PHONE
816-781-1134
ALTERNATE
877-781-1134
FAX
816-781-1135
Auction Details
AUCTION LOCATION
10900 S. Perdue Road Grain Valley, MO
INTERNET BUYER'S PREMIUM
11% Please Read Payment Instructions!
STATE SALES TAX
0%
PAYMENT INSTRUCTIONS
STEPS TO BID ONLINE:
ONE: Print out 4 copies of the Real Estate Sale Contract found in the Property Information Package (PIP) located at www.CatesAuction.com. & print these documents. You may also call (816.781.1134) or email (sold@catesauction.com) our office to request the documents.
TWO: Obtain certified funds in the amount of $25,000 as an earnest money deposit payable to Thomson Title Corporation.
THREE: Sign all (4) copies of the Purchase & Sale agreement and send these documents with the certified funds to: Cates Auction & Realty Co., Inc. (877) 781-1134
FOUR: Once your documents are received your registration will be activated and you will be contacted by Cates Auction & Realty Co. You will then be ready to bid on this property at www.proxibid.com.
ONLINE HIGH BIDDER INSTRUCTIONS:
ONE: If you are the successful bidder on the property, Congratulations!
TWO: You will immediately be notified by email that : A. You are the successful bidder B. Your pre-signed Purchase & Sale agreements will now be executed. C. You must wire transfer the additional earnest money deposit required to bring your total deposit to 5% of the purchase price. Wire transfer instructions will be emailed to you.
THREE: Once the full earnest money deposit is received, you will be emailed a copy & mailed an original of the executed Purchase & Sale Agreement.
FIVE: Closing is to take place on or before 30 days from the auction date.
NOTES:
ONE: If you are not the high bidder or your high bid is not accepted by seller, your full deposit and signed Purchase and Sale agreements will be returned to you via Priority Mail.
TWO: The purchase price shall be defined as the hammer price (high bid) plus an 11% buyer’s premium.
THREE: For internet bidders, the purchase price shall be defined as the hammer price (high bid) plus an 11% buyer’s premium.
FOUR: For internet bidders, the Purchase & Sale Agreements and cashiers check must be received at least two (2) days prior to the auction to allow adequate time for registration.
SHIPPING INSTRUCTIONS
N/A
PREVIEW DATES AND TIMES
Sundays: May 24th, May 31st and June 3rd 2-4pm
DRIVING DIRECTIONS
Please see Mapquest or contact the auction company for driving directions.
CHECKOUT DATES AND TIMES
N/A
PREFERRED SHIPPERS
Please contact the auction house for the preferred shipper’s contact information.
