Auction Thursday, June 26, 2008 12:00 PM 72755 Van Dyke Ave

PROPERTY INFORMATION PACKAGE
Auction
Thursday, June 26, 2008
12:00 PM
72755 Van Dyke Ave, Romeo, MI 48065
Preview: Friday, June 20, 11 AM-12 PM
Table of Contents
Disclaimer
Letter of Introduction
Exhibit A
Property Information
Sellers Disclosure Statement
Location Map
Auctioneer’s Disclaimer
The following information is provided to you as a matter of convenience only,
and no representation or warranty, expressed or implied, is made as to its accuracy
or completeness.
Prospective Purchasers of the auction property are responsible for conducting
such due diligence of their own as they consider appropriate, prior to bidding at
auction sale. Please review all information supplied and seek appropriate assistance
prior to bidding at auction.
All information contained within this Property Information Packet was derived
from reliable sources and is believed to be correct, but is not guaranteed. Buyers
shall rely entirely on their own judgment and inspection. All documents and
information are being furnished to the bidder for the bidder’s convenience and it is
the responsibility of the bidder to determine that information contained herein is
accurate and complete. Any reliance on the contents shall be solely at the bidder’s
risk. These documents are being provided without any warranty or representation,
express or implied, as to its content, its suitability for any purpose or its accuracy,
truthfulness or completeness.
All parties acknowledge and agree that the Property is being sold “AS IS” with
any and all faults, the Seller shall have no obligation for repairs or replacements
noted in any inspection(s) made by or for Purchaser. Such repairs or replacements
shall be the sole responsibility of Purchaser.
Purchaser and Seller acknowledge and agree that the only auctioneer/broker
involved in this transaction is Sheridan Realty & Auction Co., and has acted as agent
for the Seller in this transaction. Sheridan Realty & Auction Co. has not acted as
agent in this transaction for the Purchaser.
Auctioneer has the right to sell this Property in any form or fashion that is
legal and ethical in order to produce the best offer to the Seller.
Announcements from the Auction Block will take precedence over any
previously printed material or any other oral statements made.
May 16, 2008
Dear Prospective Bidder:
Sheridan Realty & Auction Co. proudly announces that we have been commissioned
by the lender to sell property located at 72755 Van Dyke, Romeo, MI at public
auction.
Please plan on attending the preview on Friday, June 20, 11 AM – 12 PM. The
auction will be held on site on Thursday, June 26, 12:00 PM.
This property is being offered “As Is, Where Is” with any and all faults. We
encourage you to read through this Property Information Packet carefully and
preview the property. The sale is not contingent upon your ability to acquire
mortgage financing. You are expected to pre-qualify yourself with a lender before
the auction. Don’t forget the 10% down payment the day of the auction.
Please contact us if you have any questions:
Sheridan Realty & Auction Co. 517-676-9800
Sale Manager Troy Crowe 989-666-6339
Sincerely,
Bill Sheridan, CAI, AARE, GPPA
Sheridan Realty & Auction Co.
Doug Sheridan, CAI
Sheridan Realty & Auction Co.
Sheridan Realty & Auction Co.
740 S. Cedar St
Mason, MI 48854
517-676-9800
www.sheridanauctionservice.com
EXHIBIT A
TERMS AND CONDITIONS OF REAL ESTATE AUCTION
72755 Van Dyke, Romeo, MI 48065
Thursday, June 26, 2008
12:00 PM
1. All bidding is open to the public. You will need to raise your hand or call
out your bid as the auctioneer asks for bids. This is a one-time
opportunity. Watch the auctioneer and his bid assistants. They will take
your bid and will assist you with any questions.
2. Bidding will remain open until the close of the auction. Bidding will be on
a lump sum basis.
3. A Buyer’s Premium of 10% of the successful bid will be due from the
Buyer at closing. Please take this into consideration when bidding.
4. Buyer(s) must be prepared to make a cash offer. No financing is
available. Not being sold subject to buyer(s) obtaining financing.
Buyer(s) must be capable of paying cash at closing.
5. 10 % (non-refundable) deposit must be presented in cash, certified or
personal check. Balance of purchase price is due at close of sale, which
shall be approximately 30 days after Auction Date, or as soon thereafter
as applicable closing documents are completed.
6. Real Estate is sold subject to Seller(s) acceptance or rejection.
Auctioneers and sales agents reserve the right to negotiate final sales
price on behalf of the seller.
7. Buyer acknowledges they are buying property in AS-IS condition, without
inspections or contingencies.
8. Real Estate is sold AS-IS, buyer(s) is responsible for making any
inspections required; Buyer(s) will rely on his/her own judgment and
inspection.
9. Buyers will be required to waive the 10 day lead based paint test.
10. Possession shall be given to the successful Buyer(s) 30 days past
closing.
11. Taxes and Assessments will be prorated to the closing date.
12. Real Estate is sold subject to any and all existing county zoning, and
county assessments.
13. Earnest Money Deposit is non-refundable.
14. The closing fee charged by Title Company will be shared equally
between Buyer(s) and Seller(s).
15. Seller(s) will provide an owner’s policy of title and convey title with a full
warranty deed.
16. Sheridan Realty & Auction Co. and their representatives are Exclusive
Agents of the Sellers.
17. In order to be recognized as a buyer’s agent and receive co-op
commission you must pre-register your buyers with the Auction
Company 24 hours prior to the Auction Date. Agents who fail to preregister their buyers will not be recognized as buyer agents and will NOT
be entitled to a co-op commission. Broker cannot act as a principal and
broker on the same transaction. Contact Sheridan Realty & Auction Co.
for details.
18. All announcements from the Auction Block take precedence over printed
material.
19. The terms and covenants of the purchase agreement, including these
additional terms (Exhibit A), shall survive closing and shall bind and the
benefits shall inure to the heirs, successors, representative and assigns
of the Parties.
I have read and understand terms & conditions of Exhibit A and agree
to comply with all said terms.
Buyer_______________________
_______________________
Date
Seller_______________________ Date
Property Features
Property Description: 3 bedrooms, 1.25 bath, 1316 sq. ft., 2.26 acres, detached
24’x40’ outbuilding
County: Macomb
Township: Bruce
School District: Romeo
Parcel ID: 14-01-27-227-005
Legal Description: T5N R12E SEC 27 COMM AT NE COR SEC 27; TH S 510.0 FT TO PT OF
BEG; TH S 200 FT; TH W 495 FT; TH N 200 FT; TH E 495 FT TO PT OF BEG; BEING PARC 14 OF
MC INTOSH PROP UNREC 2.27 ACRES
State Equalized Value: $77,500, $77,500 Taxable Value
Taxes: $2197.39 (’07)
Year Built: 1975
Bedrooms: 3
Bathrooms: 1.25
Zoning: R1A
Septic: Private
Water: Well
Gas: Public
P.I.P.
Thank you for reviewing the entire Property Information Package. We
look forward to seeing you at the auction. If you have any questions
please don’t hesitate to contact us!
Phone:
Fax:
(517) 676-9800
(517) 676-4440
Email:
Email:
Email:
[email protected]
[email protected]
[email protected]
Website:
www.sheridanauctionservice.com