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Pesik Estate Online Land Auction (Shiawassee Co.) November 12th, 138 Acres in 2 Parcels
Date & Time: BIDDING OPEN NOVEMBER 5th THRU TUESDAY NOVEMBER 12th @ 6:00 P.M.
Highlights:

**SOLD**

Parcel 1. NEW LOTHROP, MI Hazelton Twp. Section 6, 60 Acres +/- Mostly Tillable Productive Farm Land.
Located: 3 1/2 Miles West of New Lothrop on Easton Rd.

Parcel 2. LENNON, MI Venice Twp. Section 13, 78 Acres +/- Mostly Tillable Tiled Productive Farm Land with Home and Buildings.
Located: at 11581 E. M 21 Lennon MI.

OPEN HOUSE: November 7th 12 Noon Thru 5:00 p.m.  We will be available  at the Lennon farm to answer questions on either property, to demonstrate the bidding process and to allow opportunity to inspect the home and buildings.

Click Here for BIDDER PACKET LINKS TERMS AND AUCTION FLYER 
(Click Then Scroll Down to see Links)



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Categories: Catalog - VIEW ALL ITEMS AND BID (20) - AUCTION TERMS (18) - LENNON PARCEL (1) - NEW LOTHROP PARCEL (1)
Notes:

Bidders Packet Links Terms and Auction Flyer

Click Here for Auction Flyer

Parcel 1. New Lothrop, MI                         Parcel 2. Lennon, MI

FSA Aerial Map                                         FSA Aerial Map

Plat Map                                                    Plat Map

Soil Map                                                     Soil Map

Preliminary Title Work                                Preliminary Title Work

Property Tax Information                            Property Tax Information

 


REAL ESTATE AUCTION TERMS AND CONDITIONS


Online Bidding:
All bidding will be entered Online and is open to the public. Anyone can view the bidding. Bidders will be required to register for a bidder number unless they are already currently a registered bidder with Lotter Auction Service @ www.AuctioneersNow.com.  Lotter Auction Service reserves the right to reject a bid/bidder if believed to be in the best interest of the seller, or call a bidder at anytime during the auction to confirm the person’s credentials.

3% Buyer’s Premium: A 3% buyer’s premium will be added to the final bid price and become part of the purchase price.

Inspection:Land walkover inspections can be conducted at any time, Home and Buildings will be open for inspection Thursday November 7th from 12 Noon to 5 p.m. Buyers should rely solely on their own investigation of the property and records prior to bidding on the property.

Acreage: All acreages, dimensions and proposed boundaries are based on FSA Aerial Maps and current legal descriptions.

Acceptance of Bid: The Seller has the right to a 24 hr. confirmation period to accept the offer following the auction. The high bidder will be called following the auction to determine a time to meet to sign the purchase agreement.

Earnest Money Deposits: The successful bidder must deposit with the auctioneers the day following the auction earnest money deposits in the form of personal or business checks, cashier’s checks,certified checks or cash in the following amounts: 5% deposit of high bid.Checks would be made out to the title company at closing. The deposits will apply to the purchase price at closing. Your bidding is “NOT” subject to obtaining financing. Deposits are non-refundable, so make sure your financing is arranged or you are capable of paying cash at closing.

Closing: The closing will be handled by MID-STATE TITLE SERVICES INC. of Vassar, MI. The successful bidder will be required to sign the purchase agreement immediately following the auction. The earnest money deposit will be held by the title company. The balance of the purchase price will be due within 10 days of all paperwork being ready for closing but not later than 30 days after the auction.

Possession: The Buyer will take possession of buildings at closing. Possession of land subject to the 2013 farm land lease.

Title: Seller shall provide an Owner’s Policy of Title Insurance to the purchaser.

Terms: Cash or Conventional Mortgage at closing.

Survey: No survey will be provided by seller.

Division Rights & Mineral Rights: All division rights (splits) will transfer to the buyer.

Property Taxes: Taxes will be prorated to the date of closing per local custom. Per Michigan law, assessments may be uncapped and re-assessed.

Transfer Taxes: State and County Transfer Taxes will be paid by the Seller.

Easements: Sale of property is subject to any and all easements of record.

Agency: Lotter Auction Service and its representatives are Exclusive Agents of the Seller.


Announcements:
 Announcements made on the website will take precedence over printed and/or verbal statements. Information in the flyer and other printed materials has been obtained from sources deemed reliable but the seller and/or Lotter Auction Service makes no guarantees as to its accuracy. The real estate is being sold in the ‘As-Is, Where-Is’ condition with no expressed or implied warranty of any kind. The seller, broker and auction company reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. All decisions of the auction company are final.Individual purchases are to be considered as singular transactions, not contingent on any other purchases of properties on the auction. If there would be a malfunction with the server which hosts the online auction, Lotter Auction Service reserves the right to extend the auction until the problem is corrected.

 

 

 

Contact: Lotter Auction Service
356 E Sanilac Rd.
Sandusky MI 48471
Phone: 989-330-9387
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Bidder number Password

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