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1871 Fixer Upper For Auction In Auburn New York

1871 Fixer Upper For Auction In Auburn New York

Auction Starting Bid $25,000 bidding ends on 10/31/20

45 OWASCO STREET, AUBURN, NEW YORK, 13021

–beds ¦ –baths ¦ 7,000 sqft ¦ Lot 3 parcels

Fixer-Upper, Castle, Stone House

Property Website


Realtor Information:

MICHAEL DEROSA EXCHANGE, LLC ¦ 212.757.1550


About This 1871 Fixer Upper For Auction In Auburn New York

 

GENERAL INFORMATION ABOUT THE ONLINE BIDDING PROCESS

 

  • PROPERTY VIEWINGS & INSPECTIONS: THE PROPERTY IS AVAILABLE FOR SHOWINGS & INSPECTIONS BY APPOINTMENT ONLY.
  • HOW TO BID: THERE WILL BE NO PHYSICAL BIDDING ON-SITE AT THE PROPERTY. BIDDERS WILL NEED TO REGISTER PRIOR TO SUBMITTING BIDS. THE PROPERTY IS BEING SOLD PURSUANT TO A SEALED-BIDDING PROCEDURE.
  • SUBMITTING BIDS: ALL BIDS MUST BE SUBMITTED TO: “MICHAEL DEROSA EXCHANGE, LLC”; EITHER THROUGH ITS ONLINE INTERNET BIDDING PORTAL OR IN STANDARD PURCHASE OFFER FORMAT SENT BY E-MAIL, FAX, OR HAND DELIVERY TO: MICHAEL DEROSA, PHONE: (315) 406-7355, FAX: (315) 685-7653, E-MAIL: [email protected]

 

  • TRANSACTION CLOSING: THE TRANSACTION CLOSING REQUIREMENTS ARE TO BE OUTLINED IN THE PURCHASE CONTRACT.
  • PURCHASE & SALE CONTRACT: PROPERTY FINANCING, INSPECTIONS, & ATTORNEY REVIEW OF TITLE DOCUMENTS AND PURCHASE CONTRACT IS ALLOWED FOR BIDDERS.
  • BIDDERS DEPOSIT: DUE AT THE TIME OF PURCHASE CONTRACT/BID SUBMISSION. RETURNED TO BIDDER IF BID IS NOT ACCEPTED.
  • ONLINE BIDDING: ONLINE BIDDING IS A VERY SIMPLE PROCESS. IT’S CONVENIENT AND DISCRETE, ALLOWING BUYERS THAT VALUE THEIR PRIVACY TO BID FROM ANYWHERE IN THE WORLD RATHER THAN BIDDING IN PERSON AGAINST OTHER BIDDERS.
  • INTERNET BIDDERS:  THE ACCEPTANCE OF ANY BID SHALL BE CONDITIONED UPON THE SUBSEQUENT EXECUTION BY THE BIDDER AND SELLER OF A WRITTEN PURCHASE CONTRACT OF SALE,INCLUDING ALL REQUIRED ADDENDA AND SETTING FORTH TERMS AND CONDITIONS SATISFACTORY TO BOTH PARTIES.
  • ALL BIDS MUST BE SUBMITTED WITH THE FOLLOWING:

1.)  A BIDDING DEPOSIT, IN THE AMOUNT OF 10% OF THE BUYERS BID PRICE, DUE AT THE TIME OF PURCHASE CONTRACT SUBMISSION, IN THE FORM OF A CHECK, TO BE MADE PAYABLE TO AND HELD BY MICHAEL DEROSA EXCHANGE, LLC UNTIL THE PURCHASE CONTRACT IS SIGNED BY SELLER, AT WHICH TIME IT SHALL BECOME PART OF THE PURCHASE PRICE AND SHALL BE DEPOSITED IN AN ESCROW ACCOUNT AT MANUFACTURERS & TRADERS TRUST CO. (M&T) BANK OR RETURNED TO BUYER IF THE PURCHASE CONTRACT IS NOT ACCEPTED.

2.)  PROOF OF BIDDERS ABILITY TO PURCHASE BY PROVIDING A MORTGAGE LOAN PRE-APPROVAL LETTER, IF OBTAINING FINANCING

3.)  VERIFICATION OF AVAILABLE FUNDS LETTER FROM BIDDERS FINANCIAL INSTITUTION, IF PAYING CASH.

 

  • BROKER DISCLOSURE REGARDING AGENCY REPRESENTATION RELATIONSHIP:
  • MICHAEL DEROSA OF MICHAEL DEROSA EXCHANGE, LLC IS AN AUCTIONEER AND LICENSED REAL ESTATE BROKER ACTING IN THE INTEREST OF THE SELLER AS A SELLER’S AGENT.

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