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Section 8 "Tower Grove" area Turn-Key Rental |
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Watch this Listing
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Listing ID:
116835
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Status: Deleted
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Starting Bid: |
$25,000
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Number of Bids: |
0 Bid History |
High Bidder: |
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Time Remaining |
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Bidding Opens: |
Jun 05, 2015 9:00 AM |
Bidding Ends: |
Jun 10, 2015 2:00 PM
(Central)
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Starting Bid: |
$25,000 |
Contact: |
Jonathan Manley |
--- PLACE YOUR MAXIMUM BID --- |
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2-bedrooms and 1-bathroom, with about 800 square feet of living area and a partially finished basement not included in that total. This house was remodeled in 2011 with all newer 200 amp electrical, plumbing, tuck pointing, HVAC, kitchen, appliances, bathroom, roof, and all new real hardwood floors too.
Section 8 approved having recently passed its annual Sec 8 property inspection, and with a tenant in place. This property yields $6,300 per year in Net Profit after Vacancies (3%), Maintenance (7%), Taxes ($330), Insurance ($350)...attractive income!
Property is tenant occupied...DO NOT DISTURB TENANT...Winning Bidder will receive short Due Diligence period.
All offers are to be submitted at www.HouseBrokerAuction.com. A "buyer’s premium" and “technology fee” will be added to the sales contract. Please read (Terms & Conditions) prior to bidding.
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----- No Bids for Auction ----- |
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To bid on any of our auctions, buyer must be of legal age to purchase real estate (18 in most states, 21 in others). If you're in doubt about the legal age to enter into contract in your state, please consult with competent legal counsel before bidding.
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While auction is "active", all bids MUST be placed online. Written offers will not be accepted.
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Seller reserves the right to postpone or cancel this auction at any time for any reason.
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Seller reserves the right to a final review of all bids received.
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Seller may accept or reject any bid regardless of whether or not there is a reserve or if reserve price has been met.
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A “Buyers Premium” of 6% or $2500 (whichever is greater) and a “Technology Fee” of $299 will be added to the contract to purchase the property.
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Buyer’s agent commission of 2.7% is being offered.
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Buyer’s agent must register their buyer in order to receive a commission.
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All bids are placed in US Dollars.
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If you are outbid by another bidder, you will receive an email notice so you can return and increase your bid if you so desire.
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The bidding will be open and everyone will have access to the bid history during the auction.
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As the auction nears the ending time it will auto-extend until bidding is silent for 2 minutes.
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If there is more than one high bid at the same level (a tying bid), the bid first submitted will be honored.
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The high bidder will be notified via email after the auction ends.
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Within 24 hours of auction close, winning bidder will be asked to obtain loan pre-approval or show proof of funds and sign a sales contract written by listing agent at the winning bid amount + buyer’s premium and based on the terms described here.
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Sale is “as-is”, "where-is". Seller will not make any repair requests.
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Buyer should at their own discretion do any “due diligence” including but not limited to any and all inspections prior to bidding unless otherwise noted differently in auction.
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When contract is signed, winning bidder will put up $1000 earnest money consideration to be held at Title Company handling the closing.
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Closing will take place at sellers and winning bidders agreed upon Title Company within 30 days of signing the contract.
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Winning bidder may, at their option and expense order a title examination and insurance.
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Seller will include the following personal property in the sale: None
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Seller will exclude the following real property from the sale: None
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