Parcel 7

East Holmes County Absolute Real Estate Auction

Thursday, October 30^th @ 5PM

50 Acres – 7 parcels – Berlin Twp

CR 207 Millersburg, OH 44654

Live Auction w/ Online Bidding @ RES.bid

CLICK HERE TO RECEIVE UPDATES ABOUT THIS PROPERTY

This is an exciting opportunity to buy ground in a highly sought after location at an absolute auction. Auction will be held on site Southeast of Benton and Southwest of Mt. Hope on County Road 207, Millersburg. Pick out your forever piece of property to build on or invest in area that always seems to be on the incline!

Parcel 1: 9.9 acres of woods with 469’ frontage

Parcel 2: 5.3 acres of open ground on the curve of CR 207 with 983’ total frontage

Parcel 3: 7.6 acres of open ground

Parcel 4: 7.1 acres with 50’ owned access

Parcel 5: 7.7 acres with 547’ frontage

Parcel 6: 6.7 acres with 50’ owned access

Parcel 7: 7.4 acres with 518’ frontage

Viewings: Walk the ground at your leisure, or preview the property on Monday, October 20^th from 4 – 6 PM with an agent on site. For questions, call Seth Andrews 330-466-5471, Steve Andrews 330-465-8498 or Tina Owens (listing agent), 330-231-0733

Tax and Legal: The sale will include portions of parcel numbers 01-00527.000, 01-00526.000, 01-00051.00.  New parcels numbers will be established once sold and all taxes and pro-rations will be calculated by auditor when auction is completed.

Terms and Conditions: The successful purchaser will be required to put a 10% nonrefundable down payment of the purchase price with the balance due at closing within 45-60 days. A 3% buyer’s premium will be added to the final bid to determine the purchase price.  Any desired inspections need to be completed prior to bidding as the property is sold AS-IS.

Auction Held in Cooperation with Owens Real Estate: Tina Owens, 330-231-0733

Seth Andrews, Broker – Steve Andrews – Tina Owens, Owens Real Estate, Listing Agent – Andy White

TERMS AND CONDITIONS

     1. Any person who registers or bids at this auction (the “Bidder”) agrees to be bound by these Terms and Conditions and any auction announcements. A bid placed by Bidder will be deemed conclusive proof that Bidder has read, understands, and agrees to be bound by these Terms and Conditions.

2. There will be a 3% Buyer’s Premium added to the final bid, which is your final purchase price and the price that is recorded at the county auditor’s website.
3. 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.
4. Sellers will provide a marketable deed and convey the property as per terms of the Real Estate Purchase Agreement.
5. Property Sells “AS IS”
6. Property sells subject to articles in the present Deed, Title, and any articles or notices of public record.
7. Buyer will pay CAUV tax recoupment if any, due and payable after deed conveyance.
8. Seller, through Seller’s title agency, shall provide to Buyer: Warranty Title, The Escrow Agent shall be chosen by the Seller, however, if required as a condition of the load, the Escrow Agent shall be chosen by Buyer’s Lender.
9. 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 insurance 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.
10. Acreage and frontage amounts, including lot markers, are approximate and subject to final survey. (If required)
11. RES requires a nonrefundable down payment (earnest money) of 10% of the purchase price at the time of purchase. The sale is not subject to any contingencies for financing.
12. Earnest Money Deposit is NONREFUNDABLE; the contract contains no provisions for contingency on financing. In bidding, you are asserting you have the fundings 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 damage.
13. Buyer agrees to indemnify and save harmless RES, its employees, and agents, from any liability stemming from any incorrect information given or any material information Seller fails to disclose whether or not known by the Seller at the time of the execution of the purchase agreement.
14. Property sells subject to any announcements made the day of sale.
15. It is the sole responsibility of Bidder to monitor RES’s website with respect to any updates or information regarding any Real Estate on which Bidder is bidding. Bidder acknowledges that information regarding the Real Estate may be updated or changed on RES’s website at any time prior to the conclusion of bidding and that Bidder has timely reviewed the Real Estate information or assumes the risk of not having done so.
16. Once submitted, a bid cannot be retracted.
17. The Bidder uses the online bidding platform at their own risk. RES is not responsible for errors or omissions in bid submissions or acceptance. RES does not guarantee the platform’s uninterrupted function, availability, or compatibility with the Bidder’s hardware or software. RES is not liable for any damages resulting from its use or attempted use, including failures, interruptions, or delays.
18. In the event that Bidder is the successful bidder, Bidder must immediately execute the Contract for Purchase and Sale and tender a nonrefundable earnest money deposit in the form of cash, check, or immediately available, certified funds and in the amount set forth by RES, by 1:00 p.m. (EST) on the business day following the auction. The balance of the purchase price will be due at closing on the specified closing date. The Real Estate must close within 45 days of the date of the auction, or as otherwise agreed to by Seller and Bidder.
19. Bidder acknowledges the closing may be delated for reasons beyond the control of Seller, Buyer, or Broker. Delays caused by survey, title issues, county agency approvals, lender processes shall automatically extend the closing date. Bidder agrees to cooperate in good faith to proceed to closing by the closing date or as soon after as practicable.
20. RES has the right to establish all bidding increments.
21. RES may, in its sole discretion, reject, disqualify, or refuse any bid believed to be fraudulent, illegitimate, not in good faith, made by someone who is not competent, or made in violation of these Terms and Conditions or applicable law.
22. Bidder warrants and represents that they are at least 18 years of age and are fully authorized to bid.

50 Acres – 7 parcels – Berlin Twp