Terms & Conditions of Auction

Please review carefully. Participation in this auction, in person or online, constitutes acknowledgment and acceptance of all terms below.

Sale Confirmation: Property will be sold subject to the confirmation of the seller. The seller reserves the right to accept or reject any and all bids.

Pre-Auction Offers: While offers are typically reserved for auction day, the seller will consider pre-auction offers on any lot in this sale. To be considered, any pre-auction offer must be submitted on the same terms and conditions as the auction — including AS-IS, WHERE-IS condition with any and all faults, a 10% buyer's premium added to the offer price to determine the final contract price, short tax proration (buyer assumes approximately six months of real estate taxes), and buyer pays all closing costs — with no contingencies for financing or inspections. All pre-auction offers remain subject to seller confirmation, and the seller reserves the right to accept, reject, or counter any offer. An accepted pre-auction offer may result in that lot — or the entire auction — being closed and removed from bidding prior to the scheduled end time. To submit a pre-auction offer, contact Michael Hoffman at (614) 314-0298.

Buyer's Premium: A 10% buyer's premium will be added to the high bid to determine the final contract price. Financing, if any, will be based on the final contract price.

Contract: The purchaser will be required to sign a Contract to Purchase immediately upon conclusion of the auction. A sample Auction Contract to Purchase Real Estate is available for review under the "Documents" tab on this site and will also be provided at auction close.

Deposit: A non-refundable deposit of 10% of the final contract price is due upon the seller's acceptance of the winning bid, delivered within 24 hours of acceptance via wire transfer to the closing agent (wiring instructions provided after acceptance). The deposit will be applied to the purchase price at closing.

Closing Agent: Talon Title Agency, Inc. in Pickerington, Ohio will act as the closing agent. Preliminary title exam work is being completed and will be provided to all potential bidders.

Closing: Closing shall occur on or before 30 days from the contract acceptance date, through Talon Title Agency, Inc.

Closing Costs: Buyer to pay ALL closing costs, including but not limited to title search, transfer taxes, deed preparation, conveyance fees, and recording fees.

Taxes: Pro-rated via the short proration method — the buyer assumes approximately six (6) months of accrued real estate taxes.

Survey: If a survey is required for transfer or recording, it will be at the buyer's expense.

Deed & Title: A marketable, insurable deed will be delivered to the buyer at closing, free of liens and back taxes.

Property Condition: Property sells in AS-IS, WHERE-IS condition, with any and all faults, and without warranties of any kind, expressed or implied, including but not limited to condition, value, square footage, acreage, zoning, permitted use, environmental status, utilities, access, or fitness for a particular purpose. There are no buyer contingencies for financing, inspections, or otherwise. Each property is sold subject to any and all easements, restrictions, covenants, conditions, leases, rights-of-way, and encumbrances of record. By placing a bid, the bidder acknowledges and accepts these terms.

Tenancy: The three South High Street properties (Lots #1, #2, and #3) are currently occupied by month-to-month tenants who are not to be disturbed. It will be the new owner's responsibility to determine whether to enter into a lease with the existing tenant, request that they vacate, or pursue another arrangement after closing.

Property Viewing: Curbside viewings and offers only — please do not disturb the tenants.

Realtor Participation

Realtor cooperation is welcome. A licensed agent who registers a buyer that successfully closes will be paid a 2% co-op commission (based on the total contract price — high bid plus buyer's premium) at closing. To qualify:

1. Register your bidder no less than 48 hours prior to the auction's close by submitting a signed Ohio Agency Disclosure form to the Auctioneer.
2. Viewing is curbside only — please do not disturb the tenants.
3. The 2% co-op is earned only if your registered bidder is the successful high bidder, executes the Contract to Purchase at auction close, and completes closing. No compensation is paid in the event of buyer default or failure to close.

For compensation details, contact the Auctioneer.

Auctioneer & Brokerage Information

Auctioneer & Real Estate Agent: Michael Hoffman, Licensed Auctioneer & Real Estate SalespersonBrokerage: Part of The Jarvis Team – Re/Max Consultant GroupLicensed in Ohio – Equal Housing OpportunityAgency Disclosure: Michael Hoffman, Licensed Real Estate Salesperson with Re/Max Consultant Group, represents the seller in this transaction.

Legal & Compliance Notice

This is a public auction conducted in accordance with Ohio Revised Code 4707 and 4735 and the rules of the Ohio Division of Real Estate & Professional Licensing. Michael Hoffman is a licensed auctioneer in the State of Ohio and a licensed real estate salesperson with Re/Max Consultant Group.

Disclaimer: Information contained herein and in the Property Information Packet was obtained from sources deemed reliable. However, neither Re/Max Consultant Group nor their agents will be responsible for any errors or omissions regarding information provided by same. Buyers should carefully verify all information and make their own decision as to the accuracy thereof before relying on same. Property sells As-Is, Where-Is, with any and all faults, without warranty of any kind, expressed or implied, including but not limited to fitness for a particular purpose. Real estate is offered subject to seller confirmation. Participation in the auction, whether in person or online, constitutes acknowledgment and acceptance of all terms and conditions.