Real Estate & Personal Property

ESTATE AUCTION

 Thurs. July 29th, 2010 @ 5:30 pm

124 E. Dole St. / Paris, IL

Selling for the estate of William & Emalene Lade Trust

2 Bedroom home w/ 2 car detached garage, Furniture, Household,Glassware including Clavinova CVP-35 with manual, collectibles, 1890CC Morgan dollar, 1935 Peace dollar & MORE!

Real Estate: 1975 manufactured home on double lot, vinyl siding, in need of work, needs roof, 2 bed, 2 bath, LR, DR, eat-in kitchen, screened back-porch, 24’ X 21’ 2-car attached garage, Quiet residential neighborhood, Large chain link fenced backyard, storage shed, large storage closet, city utilites, mature trees, and concrete driveway.

Legal Description: Parcel Number: 09-18-12-262-002

Lots 51 & 52 Jane Parrish Add. Paris, IL Edgar Co.

Real Estate Taxes: $351.16 with 3 exemptions

Lot Size: 2 lots 150' x 150'

House Size:  Approximately 1344 sq. ft.

Real Estate Terms: The Buyer is required to pay $2,000.00 down, of the contract price, day of sale. Balance due at closing within 30 days.  Real estate taxes will be pro-rated to day of closing.  Merchantable title will be furnished.  All information contained in this brochure was gathered from reliable sources but is not guaranteed.  Property sold in its existing condition with no warranty of any nature expressed or implied.  Please make your inspections before day of auction and you must have your financing arranged before day of auction.  Announcements made immediately preceding this auction take precedence over information received from this or any other source. Auctioneers are acting as agents for the seller.

Note: This home was built before 1978 and all prospective buyers have 10 days prior to auction for inspection of lead based paint and buyer must sign a waiver day of auction.

Contact Auctioneers for any questions or private showing

REAL ESTATE AUCTION TERMS & CONDITIONS

1.             Personal checks, with satisfactory identification, are acceptable for the down payment day of sale.

2.             The winning bidder, immediately following his becoming the winning bidder, shall complete a purchase agreement, and shall deposit the amount announced for this particular property with the Auctioneer.  All deposits will be held in the Auctioneers escrow account until closing, at which time it will become a part of the purchase price.  The balance of the purchase price shall be paid at time of closing.  This deposit is non-refundable except for non-performance by the seller.

3.             Buyers will receive an abstract of title or title insurance policy showing titles to be good and marketable.

4.             Closing will be on or before 30 days after auction at a time and place designated by the sellers.

5.             All dimensions of properties given prior to (and at) this auction are to be considered approximate.

6.             All property is being sold “AS IS” in every way.  All information given is from sources believed correct, but is not guaranteed.  Buyers shall rely entirely on the OWN information, judgment and inspection of property and records.

7.             The Auctioneer will clearly announce the tract before it is to be sold…but the BIDDER is solely responsible for knowing which property they are bidding on.  If you are unsure you should inquire or not bid.

8.             BIDDING WILL BE FAST.  The Auctioneer may not warn you when he going to say sold.  Many excellent buys have been missed because the bidder thought he would wait a few more seconds more to “see what happens.”  Many bidders prefer to have private bidding arrangements prior to the auction.  You may do so by seeing the Auctioneer or a ring man before the auction begins.  When you wish to bid DURING the auction, merely hold up your hand to the Auctioneer or a ring man.

9.             When you become the winning bidder of the property, hold up your bidder’s number for us to record.  As a winning bidder, you will have affected a legally binding contract embodying all the terms and conditions herein.

10.           The Auctioneer reserves the right to accept bids in any increment he feels is in the best interest of his client, the seller.

11.           The Auctioneer reserves the right to reject the bidding of any person whose conduct, actions or adverse comments he feels are not in the best interest of his client, the seller.

12.           The Auctioneer reserves the right to call a recess at any time during the auction for the purpose of privately talking to the bidder or bidders or the seller.

13.           When the winning bidder of each property is determined, a BACK-UP bidder (person who made the last bid before the winning bid) will be recorded.  Therefore, if the winning bidder for any reason fails to close, the sale (at the discretion of the seller) will revert to the backup bidder at his last bid amount.

14.           In the event of a TIE BID (two people each believe they were the winning bidder) the Auctioneer will re-open the bidding between those two people only. First giving the person the AUCTIONEER did NOT see, a chance to raise the bid; then allowing the other person to raise that bid, etc.

15.           All announcements from the Auction Block shall take precedence over any previous advertising or statements.

16.           A tape recording is being made of this auction for future reference.

17.           Halls Auction Company & Real Estate is acting as an agent for the seller. 

  HALLS AUCTION COMPANY & REAL ESTATE

Scott Hall-Auctioneer - IL #441000469 Paris, IL

Cara Hall - Real Estate Broker

Ph. 217-463-HALL (4255) OR 217-213-7010 (cell)

e-mail: info@hallsauctioncompany.com