AUCTION DESCRIPTION Online Real Estate Auction Diamondhead Lake Walkout Ranch 8423 Meadow Wood Dr Dexter, Iowa Auction Ends: May 18th at 7:00 PM (CT) Open House: May 9th | 10:00 AM ? 2:00 PM Private Showings: Contact your Realtor IMPORTANT: All bidders must submit Proof of Funds or Pre-Approval Letter prior to being approved to bid (see Terms & Conditions). Welcome to the Diamondhead Lake community? Offering lake living, recreation, and year-round comfort. This walkout ranch home features: 2,328 sq ft finished living space 4 bedrooms (including lower level) 2 full bathrooms Updated kitchen with granite countertops & stainless appliances Three-season porch with sunset views Finished walkout basement with family room & office/bedroom Updated exterior (2025 siding, soffit, fascia) Tuck-under 2-car garage with new doors Residents enjoy private access to amenities including beaches, playgrounds, dog park, disc golf, volleyball, community events, and more. Conveniently located near The Rusty Duck and Drews Quality Chocolates. AGENT REMARKS Diamondhead Lake property owners are members of Long Branch Maintenance Corporation (LBMC), which maintains the lake, roads, and common areas for members and their guests only. No long-term or short-term rentals allowed $1,500 LBMC new member fee due at closing (first-time owners only) Quarterly sanitary fee: $155 Fiber optic service available Sewer: Diamondhead Management District Water: Xenia Rural Water Property Manager: (515) 523-2588 Security: (515) 478-4874 PROXIBID ? TERMS & CONDITIONS (FULL LEGAL SECTION) AUCTION COMPANY & BROKERAGE Auction Company: Dvorak Auction Company Brokerage: Zealty Home Advisors Listing Agent: Ryan Rivera 515-554-5870 BIDDER APPROVAL REQUIREMENTS (NEW ? REQUIRED) ALL bidders must be pre-approved prior to bidding. To receive bidding approval, bidders must submit ONE of the following: Proof of Funds (bank statement or letter from financial institution), OR Mortgage Pre-Approval Letter Submission Instructions: Email documents to: dvorakauction@gmail.com (or your preferred auction email) Include full name and auction property address Approval is required before bidding access will be granted Failure to provide documentation will result in denial of bidding privileges. AUCTION FORMAT Online Only Auction Soft Close Enabled Seller Confirmation Auction (Reserve) BUYERS PREMIUM A 2% Buyers Premium will be added to the final bid to determine total purchase price. REGISTRATION & BIDDING All bidders must register through Proxibid AND be approved by auction company Auction company reserves the right to deny any bidder Bidding increments are set by auction company Proxy bidding may be used SOFT CLOSE If a bid is placed in the final minutes, the auction will extend until no further bids are placed. PURCHASE AGREEMENT Winning bidder must sign a binding Iowa Real Estate Purchase Agreement within 12 hours Sent electronically for signature EARNEST MONEY 10% earnest money due within 24 hours Wire transfer or certified funds only Held by licensed escrow agent CLOSING Closing within 30 days Conducted by Iowa-licensed title company IOWA-SPECIFIC LEGAL TERMS PROPERTY CONDITION Sold AS-IS, WHERE-IS with no warranties expressed or implied. DISCLOSURES Seller to provide Iowa Seller Property Disclosure Buyer responsible for all due diligence REAL ESTATE TAXES Prorated to date of closing per Iowa standards. TITLE Marketable title conveyed by Warranty Deed Title insurance provided DEFAULT Failure to perform may result in: Forfeiture of earnest money Legal action under Iowa law AGENCY DISCLOSURE Zealty Home Advisors and Ryan Rivera represent Seller Buyers may obtain representation FINANCING No financing contingency Pre-approval strongly required prior to bidding INSPECTIONS Conduct prior to auction Bidding constitutes acceptance of condition HOA / LBMC REQUIREMENTS Buyer agrees to: Mandatory LBMC membership $1,500 new member fee (if applicable) Compliance with community rules (including rental prohibition) TECHNOLOGY DISCLAIMER Auction company not responsible for missed bids due to: Internet failure Platform issues User error SELLER RIGHTS Seller may: Accept/reject any bid Cancel or modify auction LEGAL DISCLAIMER Information believed accurate but not guaranteed. Announcements override prior materials. ACCEPTANCE OF TERMS By registering and bidding, bidder agrees to all terms and conditions.