507 Hickman Avenue
Auction Terms & Conditions
Terms: Owner is highly motivated to sell but reserves the right to accept or reject the final bid. The reserve price includes all three properties, if the total of the three reaches the reserve price, they will all sell. If they do not, the owner may agree to sell one or more of the properties at their discretion. Successful bidder will sign a real estate contract and place a deposit of $3,000 PER PROPERTY within 24 hours of auction closing to be held by Boone-Central Title Company in Columbia, Missouri. Closing will be within 30 days or at such time as mutually agreed upon by buyer and seller. If you have any questions about any of the terms, please contact the auction company.
Property sold “AS-IS” with no warranties and no contract contingencies. There is deferred maintenance and repair work that needs to be done on all properties. Prospective buyers are encouraged to make an inspection and reach their own conclusions as to habiitability and needed repairs. Seller will make no warranties and the buyer will agree to accept the property AS-IS. An inspection can be scheduled by contacting the auction company at 573-445-7333.
Online Terms: This will be an online only auction with all bidding to take place online with a soft close. If there are bids during the last 2 minutes, the end time will be extended for 2 additional minutes. Bidding on these three properties will be linked, if there is bidding on ANY of the three properties, bidding will be extended on ALL THREE. This will continue until there are no bids for a period of 2 minutes, at which time the auction will close. Registration is required in advance of bidding. If you have any questions or any trouble with the bidding or registration process, feel free to contact our office for help. THERE IS NO BUYER’S FEE ADDED TO THE SALES PRICE.