When Time Matters, Call the Auction Professionals

When Time Matters, Call the Auction Professionals

Lender Ordered Real Estate Auction, 1714. E. Crown Avenue Spokane

by Realty Auction Services, LLC

When

Oct 27, 2011 - 3:00 PM Pacific

Where

On line only Real Estate Auction
1714 E. Crown Avenue
Spokane, WA 99207
804 sq. ft. 2 bedroom 1 bath home to be offered in an online only auction.

Notes

Bank owned Internet only auction.

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Conducted By

Realty Auction Services, LLC

P O Box 430
Athol, ID 83801

208-699-7474

http://www.realtyauctionservices.com

Ending Time

Oct 27, 2011 3:00 PM

Auction Listing

Auction

Lender Ordered Real Estate Auction

1714 E. Crown Avenue Spokane, WA. 99205

This property, a 804 sq. ft. 2 bedroom, 1 bath home on 0.1641 acres will be offered in an online Internet Auction.

Property Preview and open house Saturday’s October 15th and 22nd from 1:00 – 4:00 pm, or call 208-699-7474 to set up for special preview.

Bidding opens Thursday September 22nd at 7:00 am and closes on October 27th at 3:00 PM Pacific.  A five minute auto extend will be in affect at auction closing for any bid placed within 5 minutes of the close of the auction.

For Auction information contact Auctioneer Randy A. Wells, CAI, AARE WA. License # 2447 at 208-699-7474 or email randy@rasnw.com.  Real Estate questions can be directed to Scott Adkins, STCU at 509-344-2380, scotta@stcu.org 

 
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Buyers may contact their Broker or real estate agent to represent them on the purchase of this property. At lenders request any Buyers agent commission fees will be paid by the Buyer and not included in the Purchase Price.  Bank or Auction Company will not be responsible for any commissions paid to Buyers Agent.

THIS PROPERTY WILL BE SOLD IN AS IS CONDITION WITH ANY AND ALL FAULTS. PURCHASER ACKNOWLEDGES THAT HE / SHE HAS INSPECTED THE PROPERTY OR HAS HAD THE OPPORTUNITY TO DO SO. PURCHASER IS RELYING SOLELY ON HIS OR HER OWN INSPECTION AND DUE DILIGENCE.

AUCTION END TIME:
This Auction Is A Timed Event With The End Time Posted. Realty Auction Services Online Only Real Estate Auctions Have An Auto Extend Feature. Any Bid Placed Within 5 Minutes Of The Auction Ending Will Automatically Extend The Auction For 5 Minutes From The Time The Bid Is Placed. Example: If an Auction Scheduled To End At 3:00 pm receives a Bid At 2:59 pm, The Close Time Of The Auction Automatically Extends To 3:04 pm. The Auto-Extend Feature Remains Active Until No Further Bids Are Received Within The 5 Minute Time Frame.

BIDDER VERIFICATION:
The Identity Of All Bidders Will Be Verified, Bidding Rights Are Provisional, And if ID Complete Verification Is Not Possible, Realty Auction Services Will Reject The Registration And Their Bidding Will Be Terminated and property will be Sold to the next highest Bidder.

PAYMENT:
The Successful Bidder Shall Deposit 5,000.00 Of The Purchase Price within 24 hours of the close of the auction. The Balance Shall Be Due On Or Before 3:00 pm October 19, 2011. The non refundable Down Payment Will Be Delivered to Spokane Teachers Credit Union 1620 N. Signal Dr. Liberty Lake WA. 99019 and Held In a Trust Account until Closing. Purchase and Sale Agreements will also be signed at that time. If you are from out of the area and cannot be present at STCU headquarters all paperwork must be handled by fax or e-mail within 24 hours of Auction Closing and $5,000.00 non refundable Deposit must be Wired by Bank Transfer to STCU. Instructions will be given to the successful bidder at the close of the auction.

BUYERS PREMIUM:
5% Will Be Added To The Highest Bid To Arrive At The Final Contract Price.

PROPERTY TAX:
Will be prorated to day of closing.

TITLE:
Title Will Be Conveyed To Purchaser By a Bargain Sale Deed. Title Subject To Current Ad Valorem Taxes, Any Rights Of Redemption, Recorded Or Unrecorded Easements, Rights Of Way, Restrictions, And Any Government Zoning Regulations Or Ordinances. The Seller will furnish Title Insurance.

CLOSING COSTS:
All Closing Costs Shall Be Split By Buyer and Seller.

CLOSING ATTORNEY IF USED:


CONTRACT: This Property Is Being Sold Under The Specific Terms Stated In The Contract. Please Read And Review The Contract Prior To Bidding. The Confirmed Bidder Must Execute A Completed Sales Contract Along With Down Payment. A Copy Of The Contract Is Available For Inspection Prior To The Auction.

POSSESSION:
Possession Shall Be Granted To Purchaser Upon Closing.

LEAD PAINT:
Any Structure Built Prior To 1978 May Contain Lead Based Paint. Prospective Purchasers May Have 10 Days Prior To The Auction Ending Date To Perform Inspections For Lead Based Paint.

FINANCING:
Purchaser Is To Make Their Own Financial Arrangements. This Sale Is NOT Contingent Upon Purchaser Being Able To Obtain Financing Of Any Kind.

AGENCY DISCLOSURE:
In All Transactions, The Auctioneer Is Acting As Agent For The Seller, Not As Buyer’s Agent. Realty Auction Services Reserves The Right To Remove Or Cancel The Bids And Or Bidding Rights And Privileges Of Any Party, Deemed Not To Be In The Best Interest Of The Seller At Any Time.

DISCLAIMER:
All Information Contained Herein Is Believed To Be Correct To The Best Of The Auctioneer’s Knowledge. The Information Is Being Furnished To Bidders For The Bidder’s Convenience And It Is The Responsibility Of The Bidder To Determine That Information Contained Herein Is Accurate And Complete. Any Reliance On The Contents Shall Solely Be At The Recipient’s Risk. Bidders Must Conduct And Rely Solely Upon Their Own Investigations An Inspections. the Property Is Being Sold “AS IS” With Any And All Faults. Please Review All Information Supplied, And Seek Appropriate Assistance Prior To Bidding. If You Have Any Auction Questions Please Call Realty Auction Services at 208-699-7474. All Property Information has been supplied by STCU and First American Title Company in Spokane, WA.

NOTE:
Other Terms May Be Announced Prior To The Auction And Shall Take Precedence Over Any Other Printed Material. All Information Has Been Derived From Sources Believed To Be Reliable But Is Not Guaranteed By The Seller Or Realty Auction Services. The Property Will Be Sold Subject To Seller Confirmation. STCU may state at any time during the auction the the reserve has been lifted and the property will Sell to the highest bidder. Pre Auction offers can be submitted to STCU.

Buyers may contact their Broker or real estate agent to represent them on the purchase of this property. At banks request any Buyers agent commission fees will be paid by the Buyer and not included in the Purchase Price. Bank or Auction Company will not be responsible for any commissions paid to Buyers Agent.

Auction questions can be directed to Realty Auction Services,Randy Wells,Auctioneer at 208-699-7474, randy@rasnw.com.

Real Estate questions can be directed to Scott Adkins, STCU at 509-344-2380,