Auction Terms & Conditions ON LINE & LIVE AUCTION. BIDDING WILL BE FOR THE REAL ESTATE

LOCATED AT : 202 N Union Street, Reading, MI 49274

All online bidders need to be approved by auctioneers 24 hours in advanced. THERE IS A 10% BUYERES PREMIUM FOR ONLINE BIDDEERS.

SUCCESSFUL BIDDER WILL BE REQUIRED TO ENTER INTO A PURCHASE AGREEMENT AND PAY A $6,000 NON-REFUNDABLE DOWN PAYMENT AND SIGN A PURCHASE AGREEMENT DAY OF AUCTION CLOSING.

PLEASE NOTE THAT THIS IS A NON-CONTINGENT AUCTION, NOT SUBJECT TO INSPECTIONS OR FINANCING. ADEQUATE TIME IS PROVIDED PRIOR TO THE AUCTION FOR BUYER(S) TO DO THEIR DUE DILIGENCE. ANY AMENDATORY CLAUSES REFUNDING BUYERS EARNEST MONEY SHALL BE SIGNED AT CLOSING. BALANCE IS DUE WITH CERTIFIED FUNDS ON OR BEFORE END OF BUSINESS AUG 25TH 2025. THE PROJECTED DATE OF CLOSING. POSSESSION TO BE THE DATE OF CLOSING. REAL ESTATE TAXES ON 2025 TAX STATEMENT SHALL BE PRORATED TO THE DATE OF CLOSING. SELLER OR SELLERS AGENT RESERVES THE RIGHT TO REJECT ANY AND ALL BIDS, EITHER BEFORE, DURING OR AFTER THE AUCTION CLOSES AND OR WAIVE ANY INFORMALITIES AND OR IRREGULARITIES IN THE SALE PROCESS AND CONTROL ALL RULES AND PROCEDURES OF THE SALE.

PROPERTY IS BEING SOLD IN ITS CURRENT "AS IS" CONDITION. ALL INFORMATION IS BEING OBTAINED FROM RELIABLE SOURCES. THE SELLERS, AUCTIONEERS, OR AGENTS DO NOT ACCEPT RESPONSIBILITY FOR INFORMATION PRESENTED AS IT IS THE BUYER'S RESPONSIBILITY TO VERIFY ALL INFORMATION. ANY REMAINING PERSONAL PROPERTY AT CLOSING SHALL BECOME THE BUYERS PROPERTY AND RESPONSIBILITY TO DISPOSE OF, IF BUYERS SO DESIRES. BY PLACING A BID, BIDDER SIGNIFIES THAT THEY HAVE EXAMINED THE PROPERTY TO THEIR SATISFACTION AND AGREE TO THE TERMS AND CONDITIONS. MICHAEL AUCTIONS & REALTY SERVICE LLC REPRESENT THE SELLERS IN THE TRANSACTION. PROPERTY IS BEING SOLD WITH ITS CURRENT AND EXISTING LEGAL DESCRIPTION. NO SURVEY IS PROVIDED BY THE SELLERS. AUCTION
AUCTION COMPANY RESERVES THE RIGHT TO BID ON BEHALF OF THE SELL UP TO ANY RESERVE AMOUNT. LIVE BIDS WILL BE ACCEPETED OVER AN ONLINE BID IN THE SAME AMOUNT.

Smart investors dream! 2 unit rental or could be put back into a 1 unit. Has a extra large lot to the west, home needs TLC to your desires. 202 1/2 has its own gas meter but not elec. NOTE: $6,000.00 earnest money deposit due day of auction, will be applied to purchase price at closing, non performance EMD will be forfeited. 10% Buyers Premium on real estate. Sale is not subject to financing, inspection or bank approvals of any nature. Statements made sale day take precedence over any & all printed matter. OPEN HOUSE is Aug. 5 from 5-6:00 pm. WE ENCOURAGE BUYERS AGENT TO SHOW, CALL US ABOUT COMPENSATION Co-op brokers must register any clients 72 hours prior to the auction. (NO EXCEPTIONS)