ABSOLUTE REAL ESTATE AUCTION

The undersigned Auction Company has been authorized to sell the Real Estate belonging to Loretta Dunlap, located in Bethel Township, Posey County, at 120 East Street, Griffin, IN 47616.

REAL ESTATE: The Real Estate consists of a 48′ x 150′ shaded lot.  The lot is improved with a 1930 constructed 1-story frame house consisting of approximately 1,062 sq. ft.  The house has (6) rooms and includes (2) bedrooms and (1) bathroom.  The house is equipped with central electric heat and central air conditioning.  The exterior is vinyl sided with an asphalt shingled roof.  The house features a partial basement measuring 212 sq. ft., an enclosed front porch (16′ x 6′), an enclosed rear porch (14′ x 10′), and a concrete patio (9′ x 10′).  A detached garage measures 22′ x 12′.  Water is supplied via a well; the property has a septic system.

PROCEDURE: The Real Estate will be sold at absolute auction, regardless of price.  Conduct of the auction and increments of bidding are at the discretion of the auctioneer.  All decisions of the Auctioneer are final.

DOWN PAYMENT: A 10% down payment is due on the day of the auction with the balance due at closing.  The down payment may be in the form of cash, cashier’s check, personal check or corporate check.  Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.

ACCEPTANCE OF BID PRICES:  Successful bidder will be required to enter into a Purchase Agreement at the auction immediately following the close of the auction. 

BUYER’S PREMIUM:  A 10% Buyer’s Premium will be added to the high bid to determine the contract sale price.

DEED:  Seller shall provide a General Warranty Deed conveying title to the property.

CLOSING:  The balance of the purchase price is due at closing, which will take place within approximately 30 days of the presentation of insurable title.

POSSESSION:  Possession will be at closing.

REAL ESTATE TAXES:  The real estate taxes will be the responsibility of the Buyer beginning with the taxes due and payable in May 2011 and thereafter.   

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this ad and all related materials are subject to the terms and conditions outlined in the Purchase Agreement, which shall take precedence.  The property is being sold on an "AS IS, WHERE IS" basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or WILLIAM WILSON AUCTION & REALTY, INC., including, but without limitations to fitness for a particular use, physical condition, any specific zoning classification, title, location of utilities, assurance of building permits, driveway permits, or water and septic permits. All sketches and dimensions are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property.

DIRECTIONS: Go north on Thomas Mumford Hwy (SR 69) into Griffin (Main St.).  Turn right on 1^st Street, then left on East St.  Watch for signs.

AUCTION LOCATION:  The auction will take place at 5:00 PM on Wednesday, July 28, on site, at the residence.

SHOWING:  1 hour prior to auction or call the Auction Company.

AUCTIONEER’S NOTE: A great opportunity to buy Real Estate in northern Posey County!   

OWNER: Loretta Dunlap

                 Charles Carl, POA

All announcements the day of the auction take precedence over printed material or any other oral statements made.