Auction Location: 16119 State Highway 24 NW, Clearwater, MN 55320
Phone: 952-261-4942
Lot Categories: Residential Property (1)
Auction Closed
11/14/2018 03:00 pm
Closed
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3bd / 2ba Clearwater home. Seller is accepting BUY IT NOW offers. An accepted offer would immediately close the auction process.
If you have any questions, please call the auctioneer, James Egge, at (952) 261-4942 or the real estate broker, Steve Hanson, at (320) 241-0905; we'd be happy to assist you in any way we can as you search for your new home!
If you have any questions, please call the auctioneer, James Egge, at (952) 261-4942 or the real estate broker, Steve Hanson, at (320) 241-0905; we'd be happy to assist you in any way we can as you search for your new home!
Please contact us to schedule a showing outside of the listed open house times.
REAL ESTATE TERMS & CONDITIONS: Winning bidder(s) must have a non-refundable cashier's check in the amount of $10,000 to be used as the earnest monies and a bank letter of pre-approval for the entire amount of the winning bid (plus applicable fees including a 3% buyers premium) within 48 hours of the close of the auction with the balance due within approximately 30 days of the auction close. Possession shall be granted pending a successful closing.
We are accepting conventional loans, cash, and other methods of payments. All bidders should inspect the property prior to bidding. It is also the bidders responsibility to know all of the city, county, state, and federal regulations for the properties intended use so that the buyer can be insured that the property will meet the buyer's needs for use.
The winning bidder(s) will be asked to enter into an AS IS purchase agreement with all aspects of the property AS IS with no exceptions. Any addendum posted to this or any other listing for this property between the dates of the auction listing and the auction close shall supersede any previous written or oral information that was given.
If you wish to obtain any other information about this property or for clarity regarding this property prior to bidding, please contact our broker, Steve Hanson, at (320) 241-0905 or the auctioneer, James Egge, at (952) 261-4942.
This property is being sold AS IS WHERE IS with no warranty being offered. If a potential buyer would like an inspection then the potential buyer would need to order one on their own prior to bidding or prior to the auction close.
Potential buyer can submit a bid offer which, if accepted by the seller, would immediately end the auction.
BUYER'S PREMIUM: A 3% buyer's premium will be added to the final bid price (over reserve). Buyer's Premium Cap of $2500.00 DOES NOT apply to Real Estate Auctions. For example, if the winning bid for this property is $245,000, then the total buyer's premium would be $7350 bringing the total auction cost to the winning bidder of $252350.00 (plus any additional closing fees or other fees regulated by the city, country, state, or federal).
BROKER'S PARTICIPATION: There is a 2.5% broker's participation that will be paid to the broker if the broker's client successfully wins the auction and closes within 31 days from the close of the auction. The broker and the bidder must declare their partnership to Auction House within 24 hours of the first bid being placed or prior to the auction close (whichever comes first) by emailing the auctioneer, James Egge, at mnauctionhouse@gmail.com.
PROPERTY TAXES: Property taxes remaining due in 2017 shall be pro-rated to the time of the successful closing. All taxes due in 2018 and beyond will be the sole responsibility of the new property owner.
| Bid Range | Minimum Increment | ||
|---|---|---|---|
| $0.01 | - | $75.00 | $1.00 |
| $75.01 | - | $150.00 | $5.00 |
| $150.01 | - | $250.00 | $10.00 |
| $250.01 | - | $500.00 | $25.00 |
| $500.01 | - | $1,000.00 | $1,000.00 |
| $1,000.01 | - | $5,000.00 | $1,000.00 |
| $5,000.01 | - | $50,000.00 | $1,000.00 |
| $50,000.01 | - | $75,000.00 | $1,000.00 |
| $75,000.01 | - | $100,000.00 | $1,000.00 |
| $100,000.01 | - | $2,500,000.00 | $1,000.00 |
| Buyer's Premium |
|---|
| 3.00% |
This auction is contracted and managed by: Auction House
Manager: James Egge
There is a 3% BUYERS PREMIUM on this auction.
This auction is contracted and managed by Auction House and James Egge, Auctioneer (Lic 05-15-002). K-BID is the Dealer of Record. DLR #24714
This affiliate accepts: Cash, Visa, MasterCard, American Express, Discover, Checks, Cashiers Checks, and More.
REAL ESTATE TERMS & CONDITIONS: Winning bidder(s) must have a non-refundable cashier's check in the amount of $10,000 to be used as the earnest monies and a bank letter of pre-approval for the entire amount of the winning bid (plus applicable fees including a 3% buyers premium) within 48 hours of the close of the auction with the balance due within approximately 30 days of the auction close. Possession shall be granted pending a successful closing.
We are accepting conventional loans, cash, and other methods of payments. All bidders should inspect the property prior to bidding. It is also the bidders responsibility to know all of the city, county, state, and federal regulations for the properties intended use so that the buyer can be insured that the property will meet the buyer's needs for use.
The winning bidder(s) will be asked to enter into an AS IS purchase agreement with all aspects of the property AS IS with no exceptions. Any addendum posted to this or any other listing for this property between the dates of the auction listing and the auction close shall supersede any previous written or oral information that was given.
If you wish to obtain any other information about this property or for clarity regarding this property prior to bidding, please contact our broker, Steve Hanson, at (320) 241-0905 or the auctioneer, James Egge, at (952) 261-4942.
This property is being sold AS IS WHERE IS with no warranty being offered. If a potential buyer would like an inspection then the potential buyer would need to order one on their own prior to bidding or prior to the auction close.
Potential buyer can submit a bid offer which, if accepted by the seller, would immediately end the auction.
BUYER'S PREMIUM: A 3% buyer's premium will be added to the final bid price (over reserve). Buyer's Premium Cap of $2500.00 DOES NOT apply to Real Estate Auctions. For example, if the winning bid for this property is $245,000, then the total buyer's premium would be $7350 bringing the total auction cost to the winning bidder of $252350.00 (plus any additional closing fees or other fees regulated by the city, country, state, or federal).
BROKER'S PARTICIPATION: There is a 2.5% broker's participation that will be paid to the broker if the broker's client successfully wins the auction and closes within 31 days from the close of the auction. The broker and the bidder must declare their partnership to Auction House within 24 hours of the first bid being placed or prior to the auction close (whichever comes first) by emailing the auctioneer, James Egge, at mnauctionhouse@gmail.com.
PROPERTY TAXES: Property taxes remaining due in 2017 shall be pro-rated to the time of the successful closing. All taxes due in 2018 and beyond will be the sole responsibility of the new property owner.
Auction Terms Addendum
This auction is contracted and managed by an independent auctioneer. By placing a bid, you agree to both the auction-specific terms listed on this page and the K-BID User Terms and Agreements.
Platform Role
K-BID Online, Inc. (“K-BID”) operates and maintains K-BID.com as a venue for independent auction companies to conduct online auctions.
They are independent entities and are not employees, agents, or representatives of K-BID. K-BID’s knowledge of individual auctions is limited to the information provided on the website.
Bidder Responsibilities
By placing a bid, you confirm that you are at least 18 years old and agree to comply with all applicable terms.
Inspection & Removal
Inspection dates and times are provided for every auction. Bidders are strongly encouraged to inspect items prior to bidding.
Removal day is not an inspection day.
Once an auction closes and an invoice is issued, the winning bidder is obligated to complete the purchase.
Item Condition
All items are sold “as is, where is,” with no guarantees or warranties. Buyers are responsible for their own due diligence.
Buyer’s Premium
If applicable, Buyer’s Premium caps are applied per item, not per invoice.
Auction Process
Compliance & Enforcement
Failure to comply with auction terms, including removal requirements, may result in suspension of bidding privileges.
If bidding privileges are suspended due to unpaid invoices:
Duplicate accounts will be deactivated. Suspected fraudulent activity may result in bid removal, account holds, or permanent suspension. K-BID reserves the right to refuse service to any user and may refer fraudulent behavior to appropriate authorities.
Seller Conduct
Sellers and their agents are strictly prohibited from bidding on their own items.
Sales Tax
Applicable sales tax will be collected by the independent auction company managing the auction.
Auction House can ship any item(s) that will fit into a 12" x 12" x 8" (or smaller) box and weighs under 50 pounds. A $8 packing materials & handling/hauling fee is added to the actual shipping cost (check www.usps.com under "Calculate a Price").
Auction House can ship either Spee-Dee or USPS (we cannot ship Fed-Ex or UPS). Larger items (such as furniture) can be shipped via a third party company. Call for details before bidding if you are considering having a large item shipped as the cost can be quite substantial.
If you purchase a number of items then multiple 12" x 12" x 8" boxes (or smaller) can be used. There is a $8 per box fee + actual shipping costs per box.
Priority Mail comes with tracking & $50 insurance. If more insurance is needed then the buyer must pay for the auction cost of the additional insurance. Auction House is not liable for lost/damaged items once the item has been dropped off at USPS & given a tracking number beyond the scope of what USPS insurance policy and what the USPS will cover.
Packing the boxes for item safety is per the discretion of the Auction House.
Large items can be hired out to various carriers for hire. Contact us for details before bidding.
Please call James @ (952) 261-4942 with any questions that are not covered in this section.
