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Keywords:
Missaukee County Real Estate
Date & Time: December 19, 2017 2:00 PM
Location: 5120 E. Lotan Road, Falmouth, MI
Highlights: 80+/- VACANT ACRES
SECTION 25, AETNA TOWNSHIP, MISSAUKEE COUNTY
A VERSATILE PIECE OF PRODUCTIVE GROUND THAT COULD REMAIN A WILDLIFE REFUGE OR EASILY CLEARED FOR ROW CROP AGRICULTURE PRODUCTION
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Categories: VIEW ITEMS AND BID (1)
Notes:
PROPERTY INSPECTION
(AUCTION REPRESENTATIVE ON SITE)
WEDNESDAY*DECEMBER 13*3:00-5:00 PM
Terms: REAL ESTATE SALE TERMS & CONDITIONS

EARNEST MONEY DEPOSITS Successful bidder must deposit an Earnest Money Deposit in the amount of $7,500.00 within 48 hours of the conclusion of the auction. Earnest Money Deposits are non-refundable and will be forefeited if Buyer does not consumate the transaction.

BUYER DEFAULT In the event the successful Bidder does not execute and return the Purchase Agreement with Earnest Money Deposit within 48 hours of the conclusion of bidding said Bidder will be considered in DEFAULT and may be liable for any/all costs incurred by the Seller and/or Spaul-Ding Associates, LLC for the subsequent resale of the property.

CONFIRMATION OF SALES Successful bidders are required to execute a Purchase Agreement upon conclusion of the auction. The Seller reserves the right to accept/reject any and all offers in its sole discretion.

CLOSING The balance of the purchase price is due at closing. Closings will take place on or before January 23, 2018. All financing costs will be the Purchaser’s responsibility. Any title company closing fees will be shared equally between Purchaser and Seller.

EVIDENCE OF MARKETABLE TITLE / DEED An Owner's Policy of Title Insurance in the amount of the purchase price will provide evidence of marketable title subject to easements and restrictions of record. The cost of the Owner’s Policy will be shared equally between Seller and Purchaser. Sellers are responsible for all State/County Transfer Taxes. Seller will convey title by Warranty Deed containing the following language: “The grantor grants to the grantee the right to make ** divisions under section 108 of the land division act, Public Act 288 of 1967 & Public Act 87 of 1997” and “This property may be located within the vicinity of farmland or a farm operation. Generally accepted agricultural and management practices which may generate noise, dust, odors, and other associated conditions may be used and are protected by the Michigan Right to Farm Act”.
** Determined prior to closing.

REAL ESTATE TAXES Seller(s) to pay any/all real estate taxes billed in 2017 and prior years. Purchaser is responsible for any/all real estate taxes billed in 2018 and after.

MINERAL RIGHTS Seller will convey 100% of all oil, gas and sub-surface mineral rights owned by the seller. Seller does not warrant or guarantee said ownership.

SURVEYS/LEGAL DESCRIPTIONS No survey has been completed for the parcel being offered.. All acreage, dimensions and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos. Any maps used in the flyer and/or advertising materials to show boundaries are not a guarantee of exact lines. They are merely being used to assist prospective purchasers in locating the parcels being offered. All parcels are being sold in their entirety (not by the acre). No adjustments will be made in the purchase price if an actual survey reveals acreage different than estimated in any pre-sale information and/or advertising materials. Any survey the Purchaser requires will be at the Purchasers expense.

POSSESSION Possession will be on the date of closing.

CONDITION OF PROPERTY The property is being sold in “As Is-Where Is” condition with no expressed or implied warranty of any kind. The Seller and/or Spaul-Ding Associates, LLC assume that all Purchasers have inspected the condition of the property, its title, and rely on their own conclusions thereto when bidding on the property.

TIMED EVENT This Online Only Real Estate Auction is a timed event and has an auto-extend feature. Any bid placed within 5 minutes of the auction ending time will automatically extend the auction 5 minutes from when the bid is placed. The auto-extend remains active until no bids are received within the 5 minute time frame.

ANNOUNCEMENTS made by Spaul-Ding Associates, LLC prior to the close of the auction will take precedence over printed and/or verbal statements. Information in any/all ao the printed materials has been obtained from sources deemed reliable, however the Seller and/or Spaul-Ding Associates, LLC make no guarantees as to its accuracy.

AGENCY DISCLOSURE Spaul-Ding Associates, LLC its agents, employees and/or representatives are Exclusive Agents of the Seller.

AUCTION PREMIUM A 5% auction premium will be added to the final bid and will become part of the total purchase price.

Directions: From MERRITT, MI (M-55/Merritt Road intersection) go South on Merritt Road to Kelly then West to 13 Mile Road then South to Lotan then West to the property or: From FALMOUTH, MI go East to 8 Mile then North to Workman then East to Wilson then North to Lotan then East to the property.
Contact: Spaulding Asssociates LLC
121 N. Main St.
Bellevue MI 49021
Phone: (269) 763-9494
Fax: (269) 763-9495
Email Web-page
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