Name 2.14.2018 - 417 - 421 W. 9th St. Muncie, IN 47302
Type Online-Only Auction
Date(s) 2/5/2018 - 2/14/2018
Internet Only
Preview Date/Time Call Listing Agent to Schedule 765-215-1685
Checkout Date/Time 2/14/2018 at 8 PM
Location 417,419,421 W 9th St. Online Only Auction
Muncie, IN 47302
Buyer Premium Online Only Premium
Tri-Plex that contains THREE, 1 bedroom, 1-bathroom units. Each unit generates $475/month for a total of $1,425 when fully occupied. Currently, this home is 2/3 occupied and is managed locally. You can keep the current property management company in place or manage yourself. Gauranteed Sale with a staring bid of $18,000
Auction Terms & Conditions THIS IS A CASH ONLY SALE! A BUYER'S PREMIUM OF $2,500.00 WILL BE ADDED TO THE FINAL BID PRICE! REAL ESTATE WILL SELL WITHOUT SELLER CONFIRMATION. EARNEST MONEY DUE WITHIN 48 HOURS OF AUCTION END. EARNEST MONEY TO BE $2,5000 --- EXECUTION OF PURCHASE AGREEMENT: The successful bidder has earned the right to make an offer to the seller; no sale has been completed. The bidder will be required to execute a Real Estate Purchase Agreement immediately following the close of the auction. Buyer's offer expires 11:59 P.M. (local time) seven days after the auction date, unless Seller timely accepts it; the Earnest Money will be returned if Seller does not accept the successful bid, subject to any required approvals. Offers can be made and executed electronically or in person at Tarter Realty Auction & Appraisal Co. 103 N Meridian St. Winchester, IN 47394 or 129 E Water St. Portland, IN 47371 Phone 765-595-8155 Fax 765-595-8673 Email [email protected] --- TAXES: Buyer shall assume and pay real estate taxes due and payable in May, 2018. --- GUARANTY: Any individual submitting a bid or signing the Purchase Agreement on behalf of any entity agrees to be individually bound by all these terms and conditions and individually responsible for payment of the Earnest Money and the balance due. --- POSSESSION: The possession of the Property shall be day of closing, subject to tenant’s rights, by 5:00 P.M. --- SURVEY: The Seller has a legal description for the property so no survey will be provided. If a survey is requested, it will be paid for by the Buyer. --- TITLE POLICY: A preliminary title policy has been prepared by Empire Title ., which will be preparing the final title policy plus conducting the Closing. Seller and Buyer agree to use Empire Title. --- CLOSING: Balance of the purchase price is due in cash at closing, which will take place on or before the Thirtieth (30th) day following the Accepted Date. The fee charged by any closing agent, including an attorney acting as a closing agent for both parties will be paid for by the buyer's premium. If the Buyer's lender acting in such capacity, for closing services that require payment, payment will be made by the buyer. Closing and title services will be provided by Empire Title. --- AUCTIONEER RESERVES: Auctioneer Reserves the right to make changes to an auction, to split or combine lots, cancel, suspend or extend the auction event. ---- SPECIAL NOTE: All Personal Property in both properties will pass to the New Buyer. STATEMENTS MADE THE DAY OF AUCTION TAKE PRECEDENCE OVER PREVIOUS PRINTED MATERIALS OR ANY PREVIOUS ORAL STATEMENTS By signing below the Buyer agrees to the terms and conditions of this sale of real estate Buyer Signature, _____________________________________ Date,__________________ Buyer Name Print,___________________________________________________________ Buyer Signature, _____________________________________ Date,__________________ Buyer Name Print,___________________________________________________________ --------------------------------------------- ------------------------------------------ Terms Of Use

Seller User Terms

Bidder User Terms
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 95.00 5.00 USD
95.01 - 975.00 25.00 USD
975.01 - 5,000.00 100.00 USD
5,000.01 - 9,750.00 250.00 USD
9,750.01 - 15,000.00 275.00 USD
15,000.01 - 20,000.00 300.00 USD
20,000.01 - 30,000.00 500.00 USD
30,000.01 - 50,000.00 550.00 USD
50,000.01 - 9,999,999.99 10,000.00 USD
Currency USD
Buyer Premium Online Only Premium
Payment Terms
Earnest money due within 48 hours of the auction close. Remainder balance due at closing.
Buyer will take possession of property at closing.