Prestigious Laona Plaza All Being Sold To The Highest Bidder!

$5000 down payment within 24 hours and signed offer to purchase. Closing in 45 days of auction. Any credit cards will have an additional 4% added to the charged amount. REAL ESTATE AUCTION TERMS & CONDITIONS?Thank you for your interest in this property. This property will be open for bids at the auction. The auction will be conducted at the above-mentioned property. Bidding will be verbal, all interested parties shall have every opportunity to bid and all bids will be known by all parties. The offer to purchase will be signed by the high bidder immediately following and closing will be within 45 days after auction or upon completion of finalized paperwork. All bidders must request a complete Buyer’s Package prior to bidding. Please arrive at least 15 minutes prior to auction time for registration and any special announcements. Picture ID required. AUCTION TERMS (Summary) Note: The following are the terms and conditions as they pertain to the bidding at the auction. . 1)  This is a cash offer with no contingencies. If Buyer requires financing, we suggest that you be prequalified by your lender prior ?to the auction. Any announcements made auction day take precedence over any prior announcements or advertisements. 2)  The terms of this Real Estate auction will be $5,000.00 down. (Cash or cashier’s check-non-refundable) ?down payment and a 10% buyer’s fee will be added. Closing 30-45 days. No Personal Checks. Earnest money shall be paid the day of the auction by the high bidder. In the event that the high bidder is unable to fulfill their obligations to closing the earnest money will he non-refundable as per the Offer to Purchase. The backup bidder will then be offered the property.?Closing in 45 days or upon paper completion. (10% buyer’s fee.) 3)  All taxes and utilities (if applicable) shall be prorated as of the date of the deed. 4)  The Property is sold “as is where is” as per the condition of the property. Any inspections required by the county, state, or municipality will be at buyer’s expense 5)  A 10% Buyer’s Fee will be charged to the Buyer and added to the selling price. ?(Example: High Bid Price $100,000.00, Buyer’s Fee @10%= $10,000.00. The offer to purchase will be written for ?$110,000.00). 6)  Seller shall pay for Title Insurance Policy, Transfer Tax and Deed preparation, City Letter, commission, document preparation ?and prorations (as per the Offer to Purchase). . 7)  Buyer shall pay Mortgage Policy portion of the Title Insurance Policy, survey (if required), filing costs, and all other closing ?costs not paid by seller. 8)  Any personal property included in this sale is considered as having no value, warranty, or representation from the seller. 9)  The Lottery Credit (if any) shall remain with the Seller and not be used to prorate property taxes. 10)  Property will be transferred by a Warranty Deed. 11)  Any cost incurred for converting from present zoning shall be incurred by the Buyer — including state conversion penalties, if ?any and any special assessments pending or in the future. 12) Today’s auction will be online . Information was provided by sellers and third parties. Property sold “As Is” please inspect and verify all information for yourself. No information is guaranteed, no adjustments will be made with respect to reports and other materials provided with the Buyer’s Package and prepared by third parties. Please he advised that the sellers, auctioneers, or any of their respective agents or employees making any representation or warranty about the truth or accuracy of any information contained in such reports and material is deemed reliable but is not guaranteed. Proxy Bids will be taken when accompanied by a $15,000 cashier’s check deposit prior to the auction. A complete Offer to Purchase and a disclosure form must be attached. In the event that you are not the high bidder, the deposit will be returned.?Inspections: The Bidder shall make their own inspections prior to the auction as to room size, mechanical and structural, and whether or not the property is suitable for your intended use. ST.Louis Auctions LLC. 715-367-1668 e-mail: colbob450@gmail.com