INTERNET REAL ESTATE AUCTION -- TERMS & CONDITIONS

1. THIS PROPERTY IS OFFERED FOR SALE "AS-IS" WITH NO WARRANTIES OR GUARANTEES. THE PURCHASER(S) AGREES TO PURCHASE THE PROPERTY AND BUILDINGS IN THEIR PRESENT CONDITION.

2. A 10% BUYER'S PREMIUM SHALL BE APPLIED TO THE FINAL BID TO ESTABLISH THE CONTRACT SALES PRICE.

3. THE SALE OF THE PROPERTY IS NOT SUBJECT TO ANY CONTINGENCIES OR THE PURCHASER'S ABILITY TO ACQUIRE ANY NECESSARY FINANCING. IT IS THE PURCHASER(S) RESPONSIBILITY TO MAKE ARRANGEMENTS TO INSPECT AND VIEW THE PROPERTY IN ITS PRESENT CONDITION PRIOR TO THE CONCLUSION OF THE AUCTION. THE PURCHASER(S) ARE RELYING SOLEY UPON SUCH EXAMINATION WITH REFERENCE TO THE CONDITION, CHARACTER, SIZE OF LAND, PROPERTY LINES, IMPROVEMENTS, AND FIXTURES, IF ANY.


4. THE REAL ESTATE SHALL SELL WITH A MINIMUM BID OF $198,000, UNLESS OTHERWISE ANNOUNCED AND NOTED, FREE AND CLEAR OF ANY LIENS OR INCUMBRANCES.

5. THE PURCHASER(S) SHALL BE REQUIRED TO DEPOSIT $5,000 DOWN AS ESCROW MONEY WITHIN 24 HOURS OF THE CONCLUSION OF THE AUCTION. THE BALANCE IN FULL IS DUE AND PAYABLE ON OR BEFORE 45 DAYS FROM THE DAY OF AUCTION.


6. THE SELLER SHALL PAY THE JULY 2026 TAX INSTALLMENT IN FULL. THE PURCHASER(S) SHALL BE RESPONSIBLE FOR ANY REAL ESTATE TAXES THEREAFTER. THERE WILL BE NO PRORATION OF REAL ESTATE TAXES.

7. PURCHASER(S) AGREE TO ACCEPT THE SALE OF THE REAL ESTATE UPON THE TERMS AND CONDITIONS THAT ARE SET FORTH. PLACING AN ONLINE BID OR BIDS WILL IMPLY YOUR ACCEPTANCE OF THE TERMS AND CONDITIONS OF THIS AUCTION AND WILL BE LEGALLY BINDING.


8. IT IS UNDERSTOOD THAT THE AUCTIONEER(S), MIDWEST AUCTIONEERS & REALTY, INC. AND THEIR STAFF ARE AGENTS FOR THE SELLER AND DO NOT IN ANY WAY REPRESENT THE PURCHASER(S) CONCERNING THE SALE AND/OR THE REAL ESTATE OFFERED FOR SALE.

9. THE SUCCESSFUL PURCHASER(S) SHALL BE REQUIRED TO SIGN A REAL ESTATE PURCHASE AGREEMENT/CONTRACT AT THE CONCLUSION OF THE AUCTION. OTHER NECESSARY AND APPLICABLE DOCUMENTS MAY BE REQUIRED BY STATE AND/OR FEDERAL LAW.

REAL ESTATE AUCTION - INTERNET ONLY 10528 N St. Rt. 227 Fountain City, IN 47341 Internet Bidding Ends: WEDS. JULY 22nd @ 6:00 PM Open House & Inspections: TBD ONLINE AUCTION - BIDDING IS OPEN NOW through our website and HiBid, bidding ends on Weds. July 22, 2026, at 6PM. The list price is the minimum bid. Auctions are NOT just for CASH buyers! Get pre-approved & your financing in order NOW!! Situated on a scenic hillside in Wayne Co., Indiana, this property includes two parcels totalling 8+ acres. The spacious home is a sculpted sandstone ranch with 3 bedrooms, 1 and a half bathrooms, a kitchen that opens to the dining room, & large living room with a fireplace. The home features large windows for scenic views, a breezeway to an attached 2 car garage and a full finished walkout basement that includes a kitchenette, half bath, wood burning stove, and wide open concept living area. This quiet property is complete with mature trees and a scenic water way. Included in this auction are 2 parcels: 89-14-11-000-421.000-011 (1.65 ac) and 89-14-11-000-420.002-011 (6.44 Ac). The small outbuilding does not convey with property and will be removed prior to closing. Terms: There will be a 10% Buyer's Premium added to the final bid to establish the contract sales price. $5,000 required down at conclusion of auction w/ balance due in 45 days. Please read FULL terms & conditions section prior to bidding!