“Inspect, Arrange Financing and Come Prepared to Bid your Price.”

Property Location

1275 W. State Street, Pleasant Lake, Indiana (View Map)

Auction Location

On Site

Real Estate Inspection

This property will be open one hour prior to the auction for inspection or call the Auction Company for a private showing prior to sale day.

Terms and Conditions

Method of Payment: A non-refundable earnest money deposit of  10% of the bid amount will be required the day of sale with the balance due the day of final closing. Closing to be within 30 days of auction.  This real estate is being sold for cash and your bidding is not contingent upon financing.  Have your financing prearranged prior to auction day.

Buyer’s Premium:  In order to determine the final sales price of the real estate, a 5% buyer’s premium will be added to the winning bid.

Acceptance of Bid: Successful bidder will be required to enter into a purchase agreement immediately following auction at the site.  This property will sell absolute regardless of price.

Title: Seller will provide buyer with a commitment of title insurance in the amount of the purchase price insuring the transfer and marketability of title; Cost of said owners policy shall be split 50:50 between the Buyer and the Seller.  The cost for the insured closing fee shall be split 50:50 between Buyer and Seller.  Seller will provide buyer with a fully executed deed transferring title to the buyer.

Taxes: Taxes will be prorated to the day of final closing.

Possession:  Day of final Closing.

Survey: The seller will not provide buyer with a survey.  If buyer or buyer’s lender requires a survey it will be at the sole cost of the buyer.

Agency:  The Steffen Group is acting as the exclusive agent of the seller.

Disclaimer and Absence of Warranties:  All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the purchase agreement.  Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer.