REAL ESTATE AUCTION

The undersigned Auction Company has been authorized to sell the real estate belonging to the Estate of Thelma Jean Hein, located at 30 S. Endicott Street, Poseyville, Indiana, as follows:

REAL ESTATE:  The real estate consists of a corner lot measuring approximately 71′ x 86′ and improved with a 1950 constructed 1-story frame home of approximately 1,328 square feet. The home consists of (2) bedrooms, (1) bathroom, living room, eat-in kitchen, utility room, and family room. Other improvements include an attached carport and storage closet.  The home is serviced by a central furnace and central air conditioning system, as well as Town of Poseyville utilities.

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.

EARNEST MONEY DEPOSIT: A 10% deposit is due on the day of the auction with the balance due at closing.  The deposit 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:  Successful bidder will be required to enter into a Purchase Agreement at the auction immediately following the close of the auction.  All final bid prices are subject to the Seller's acceptance or rejection.

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 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 intersection of Main Street and Lockwood Street/165 in Poseyville, proceed East 1 block then South on Endicott.  Watch for signs.

INSPECTION DATE:  Wednesday, November 25, 5:00-6:00 PM CDT or view 1 hour prior to Auction

 AUCTIONEER’S NOTE:  Nice, clean home situated on a corner lot in a convenient Poseyville location.  Would be well suited for first time homebuyer, investor, or downsizing.  Plan to attend the inspection date and auction to buy this real estate.

OWNER: Estate of Thelma Jeanne Hein

Michael Hein, Personal Representative

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