Tract 4 of 5

Tract 4 of 5

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Description

Tract 4 Description: 20.55± all wooded acres with approximately 800 feet of frontage on OH-556

 

Terms of Sale

• A 10% Buyer’s Premium applies to all purchases

• Any desired inspections must be completed prior to bidding. This purchase agreement is not contingent upon the satisfactory state of any inspections required after the date of the auction

• Sellers will provide a marketable deed and convey the property as per the terms of the Real Estate Purchase Agreement

• Property Sells “AS IS”

• Property sells subject to articles in the present Deed, Title, and any articles or notices of public record

• Buyer will pay CAUV tax recoupment, if any, due and payable after deed conveyance

• Seller, through Seller’s title agency, shall provide to Buyer: Fiduciary Title. The Escrow Agent shall be chosen by the Seller; however, if required as a condition of the loan, the Escrow Agent shall be chosen by the Buyer’s Lender

• Seller shall pay for the cost of the title search, deed preparation and county conveyance fees. Seller and Buyer shall each pay one-half of the Escrow Agent’s standard closing fee. If an owner’s policy of title insurance is selected, the buyer and seller will split the owner’s title insurance 50/50, including, without limitation, the additional cost of the premium for usance of an owner’s policy, the cost of a loan policy, title endorsements, location survey, or other items required by Buyer, or Buyer’s lender. Buyer shall pay for all recording fees. RES advocates the use of title insurance in all real estate transactions.

• Acreage and frontage amounts, including lot markers, are approximate and subject to final survey. (If required)

• RES requires a nonrefundable down payment of 10% of the purchase price at the time of purchase. The sale is not subject to any contingencies for financing.

• Earnest Money Deposit is NONREFUNDABLE; the contract contains no provisions for contingency on financing. In bidding, you are asserting you have the funding to close. In the event Buyer does not close in compliance with the terms of this purchase agreement, all earnest money shall be forfeited and paid to the Seller as liquidation damages.

• Buyer agrees to indemnify and save harmless RES, Whitetail Properties, and its employees, and agents, from any liability stemming from any incorrect information given or any material information

• Seller fails to disclose whether or not it is known to the Seller at the time of the execution of the purchase agreement.

• The property sells subject to any announcements made on the day of sale.

 

Licensing

IN COOPERATION WITH WHITETAIL PROPERTIES DBA RANCH & FARM AUCTIONS

Jeremy Schaefer, OH Broker for Whitetail Properties Real Estate, LLC, License # 2021003258

Joe Gizdic, Director, Ranch & Farm Auctions, 217.299.0332

Mark Zimmerman, Ohio Land Specialist for Whitetail Properties Real Estate, LLC, 330.705.2567

Auction will be conducted by RES Auction Services, a licensed Ohio Auction Company

Andrew R. White, Auctioneer for RES Auction Services

 

Documents

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