ABSOLUTE REAL ESTATE AUCTION

The undersigned Auction Company has been authorized to sell the real estate belonging to Jeanne Roser, located at 10520 Olivia Street, Evansville, Indiana as follows:

REAL ESTATE:  The real estate consists of two (2) lots measuring approximately 220′ x 190′ and improved with a 1959-constructed 1-story brick ranch home.  The home has approximately 1410 square feet on the main level including (3) bedrooms, (1.5) baths, kitchen, living room, full basement with a finished recreation room of approximately 630 square feet, and a 2-car attached garage.

PROCEDURE: The Real Estate will be offered in one (1) tract.  Conduct of the auction and increments of bidding are at the discretion of the auctioneer.  All decisions of the Auctioneer are final.

DOWN PAYMENT: A 10% down payment is due on the day of the auction with the balance due at closing.  The down payment may be in the form of cash, cashier’s check, personal check or corporate check.  Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.  .

ACCEPTANCE OF BID PRICES:  The Real Estate is being sold absolute, regardless of price, to the highest bidder.  Successful bidder will be required to enter into a Purchase Agreement at the auction immediately following the close of the auction.   

BUYER’S PREMIUM:  A 10% buyer’s premium will be added to the high bid to determine the contract sale price.

DEED:  Seller shall provide a General Warranty Deed conveying title to the property.

CLOSING:  The balance of the purchase price is due at closing, which will take place within 30 days of presentation of insurable title.

POSSESSION:  Possession will be delivered to the purchaser at closing.

REAL ESTATE TAXES:  The real estate taxes will be the responsibility of the Buyer beginning with the taxes due and payable in May 2010 and thereafter.   

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this ad and all related materials are subject to the terms and conditions outlined in the Purchase Agreement, which shall take precedence.  The property is being sold on an "AS IS, WHERE IS" basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or WILLIAM WILSON AUCTION & REALTY, INC., including, but without limitations to fitness for a particular use, physical condition, any specific zoning classification, title, location of utilities, assurance of building permits, driveway permits, or water and septic permits. All sketches and dimensions are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property.

DIRECTIONS: From the Lloyd Expressway, turn North onto University Blvd, West on Upper Mt. Vernon Road and then South on Posey County Line Road and watch for signs.

INSPECTION DATE:  Wednesday, December 9, 5:00-6:00 PM CDT and

                                         Wednesday, January 6, 5:00-6:00 PM CDT

AUCTIONEER’S NOTE:  Excellent country living conveniently located in Vanderburgh County.  Lots of updates!  Move in ready for first-time homebuyers.  Plan now to attend!

OWNER: JEANNE ROSER

All announcements the day of the auction take precedence over printed material or any other oral statements made.