NOTE: Once a buyer has registered through Hibid, the Auctioneer will contact the buyer. The buyer will be required to sign a copy of Terms & Conditions prior to being allowed to bid.

Terms & Conditions
Auction: Online from Monday, May 22nd through 7:00PM CDT Thursday June 8th, 2023
Please note: With online bidding, we will be utilizing a soft close which means if anyone bids with a minute or less remaining, the auction will continue until no more bids are received.
Property Address of House: 21851 Chestnut Rd., Council Bluffs, IA 51503

Purchase Agreement: Successful bidder will enter into a purchase agreement immediately after being declared the winning bidder by the Auctioneer. PLEASE NOTE: The purchase agreement will offer NO CONTINGENCIES: for financing, property condition, or any other alterations to the agreement. Property is being sold "AS IS". Prospective Buyers are urged to inspect the property prior to the auction date to their own satisfaction.
Earnest Deposit: Successful bidder will provide a $10,000 Earnest Deposit on the day of the auction with the balance due at closing. Earnest deposit will be held in the Trust Account of Ambassador Title Services.
Taxes: Taxes will be prorated to the date of closing.
Buyers Premium: A Buyers Premium of 2.5% will be added to the final bid to determine contract price.
Closing: Closing to be on or before June 30th, 2023. Closing to be conducted by Ambassador Title Services with the cost to be split 50/50 between the Buyer and the Seller.
Possession: Will be given at Closing.
Personal Property: Personal items remaining at the close of the auction are the Buyer's property.
Septic Binding Agreement: Septic Time of Transfer inspection determined the system is NOT an approved system and will need to be replaced by the Buyer at their expense after closing. Buyer will sign a Binding Agreement with Pottawattamie County when signing Purchase Agreement and pay the required $150.00 filing fee to Pottawattamie County.
Easements: Sale is subject to all Easements and Right of Ways of record.
Agency: Menke Auction & Realty and their agents are acting as Exclusive Agents for the Sellers or Dual Agents with a signed Dual Agency Agreement.

All information is from sources deemed reliable by Menke Auction & Realty, however no
guarantee or warranty to its accuracy is given. Buyers are encouraged to research any information to their own satisfaction.

This is an INTERNET ONLY AUCTION. All bidding activity will take place online.

Online Auction live May 22nd and closes Thursday June 8th @ 7PM CDT. Showings begin Monday May 22nd @ Noon. Home has not been lived in for 10+ years. Home is a 4 BR 2 BA home on 4/10 acre lot in Green Valley Acres subdivision. Septic system did not pass TOT inspection so buyers will sign a Binding Agreement and pay the $150 filing fee with Pott. County to replace septic system prior to occupying the home. Home is being sold at an ''ONLINE AUCTION'' in ''AS IS'' condition but can be viewed prior to bidding. Opening Bid is $50,000 & once that bid or higher has been received it will sell without reserve. All personal property remaining at the close of the auction will become the property of the buyer. A 2.5% Buyers Premium will be added to the winning bid to determine the contract price. See Terms and Conditions for information regarding bidding.,