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1. Property sells with a Reserve of $418,385.00 (Minimum Bid)
2. The real estate sells in AS-IS condition. The Seller is not making any repairs or giving any concessions.
3. The sale is not contingent upon a satisfactory inspection.
4. The sale is not contingent upon the Bidder(s) ability to secure financing. The buyer assumes responsibility for the appraisal gap, if any.
5. Bidder will deposit $10,000 with Auction Ohio prior to bidding. This deposit will be refunded upon the close of the auction if you are not the winning bidder.
6. Within (24) hours of the auction, the successful bidder will deposit 10.0% of the bid price as an Earnest Money Deposit (less the $10,000 deposit to bid). The non-refundable deposit is to be held by Stewart Title Agency, located in Westerville, OH and credited back to the buyer at closing. In the event, the successful bidder at auction fails or refuses to close on or before the appointed date of closing, the escrow agent, Stewart Title Agency, shall be hereby authorized to pay and deliver the entire earnest money deposit to seller. By agreeing to this term, buyer, after having had the opportunity to consult with counsel of his/her/its choice, hereby releases the title company as escrow agent and the seller from any and all claims of liability of any kind upon the payment of the earnest money deposit to the seller.
7. Buyer acknowledges receipt of the title report.
8. Buyer acknowledges receipt of City of Dublin's Disclosure Documents (Click to View Report), which include:
- 1) Property History
- 2) Individual Property Condition Assessments
- 3) Rehabilitation/ Renovation/Redevelopment Goals
- 4) Existing Easement
- 5) Zoning and Uses
- 6) Property Maintenance and Rehabilitation Requirements and Timeline
- 7) Deed Restrictions
- 8) City Improvements
Appendix Documents: (Click to View Each Report)
10. Buyer to proceed to close within (30) days of the auction.
11. Seller will provide and pay for owner’s title insurance, preparation of deed, conveyance fee, and the proration of real estate taxes.
12. There is a 10% (TEN) Buyer’s Premium added to the final offer to determine the final purchase price.
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