Collinsville Real Estate Auction

Absentee

Devereaux Auction Company

12118 N 129th East Ave

Collinsville, OK 74021

Date(s) 8/15/2022 - 9/10/2022

Past Auction

Catalog

View Catalog (1 Lots)

Auction Notice:

5% buyers premium will be added to the high bidder whether onsite or online.

Auction Information

Name	Collinsville Real Estate Auction
Auctioneer	Devereaux Auction Company
Type	Internet Absentee Bidding
Date(s)	8/15/2022 - 9/10/2022
Location	12118 N 129th East Ave Collinsville, OK 74021
Buyer Premium	See terms & conditions.
Description	<p> </p> <table class="d90m2" style="border-spacing: 0; table-layout: fixed; width: 906px; color: rgba(0, 0, 0, 1); font-family: verdana, sans-serif; font-size: 11px" cellspacing="0" cellpadding="0"> <tbody> <tr class="d90m30" style="vertical-align: top"> <td class="d90m75" style="padding: 0; overflow-wrap: normal !important; margin: 0; overflow: hidden; width: 784px" colspan="7"><span class="wrapped-field" style="font-weight: bold">Location, Location, Location!! This house sits on over 1 acre in the heart of Collinsville! Just a minute away from Walmart, Walgreens and Starbucks! This property SELLS BY RESERVE AUCTION on September 10th at 10:00am. Online pre-bids accepted prior to live auction. New paint, floors and plumbing on home. Currently zoned Ag but would make a great commercial location!! </span></td> </tr> </tbody> </table> <p>The online portion is for PRE-BIDS only. The pre-bidding closes at 8am the day of the auction, the high pre-bid will be brought to the floor for the live auction. If a max bid has been set, a member of the auction staff willl bid on your behalf until you have won the property or have been outbid by a floor bidder. </p> <p>The high bidder, whether onsite or online will be charged a 5% buyers premium.</p> <p> http://listing.pollardmediaco.com/tour/12118N129thEAve_Collinsville_OK_874_283299.html</p>

Terms and Conditions

<div>Buyers Premium will be applied to your total auction purchases via the scale below.</div> <div>Online Cash Prem. %</div><table><tr> <td>$</td><td>0.00</td><td>&nbsp&nbsp&nbspTO&nbsp&nbsp $</td><td>999,999,999.99</td><td> &nbsp&nbspAT&nbsp&nbsp </td><td>5.00</td> <td>%</td> </tr></table> <div>Online Check Prem. %</div><table><tr> <td>$</td><td>0.00</td><td> &nbsp&nbspTO&nbsp&nbsp $</td><td>999,999,999.99</td><td> &nbsp&nbspAT&nbsp&nbsp </td><td>5.00</td> <td>%</td> </tr></table> <div>Online Credit Prem. %</div><table><tr> <td>$</td><td>0.00</td><td> &nbsp&nbspTO&nbsp&nbsp $</td><td>999,999,999.99</td><td> &nbsp&nbspAT&nbsp&nbsp </td><td>5.00</td> <td>%</td> </tr></table> <div>Online In State Cash Prem. %</div><table><tr> <td>$</td><td>0.00</td><td> &nbsp&nbspTO&nbsp&nbsp $</td><td>999,999,999.99</td><td> &nbsp&nbspAT&nbsp&nbsp </td><td>5.00</td> <td>%</td> </tr></table> <div>Online In State Check Prem. %</div><table><tr> <td>$</td><td>0.00</td><td> &nbsp&nbspTO&nbsp&nbsp $</td><td>999,999,999.99</td><td> &nbsp&nbspAT&nbsp&nbsp </td><td>5.00</td> <td>%</td> </tr></table> <div>Online In State Credit Prem. %</div><table><tr> <td>$</td><td>0.00</td><td>&nbsp&nbspTO&nbsp&nbsp $</td><td>999,999,999.99</td><td> &nbsp&nbspAT&nbsp&nbsp </td><td>5.00</td> <td>%</td> </tr></table>   All bidders must register acknowledging that they have read and agree to these "Terms and Conditions" of the sale as outlined prior to bidding. It is important that you familiarize yourself with the terms and conditions as all sales are final and irrevocable. The terms of sale are non-negotiable. Registration at the auction finalizes each bidder's agreement to the terms andconditions of the sale. Do not bid until you have read the terms and conditions. Bidders mayregister online to bid on the specific property in question. There is no fee to register although avalid credit card will be required to verify identity and funds. By bidding you arerepresenting to Devereaux Auction Company, LLC, and Mollie Devereaux ("Agent" and/or"Auctioneer") and the seller that you have read and agree to be bound by the terms andconditions for this sale as stated herein. If you do not agree with any of the terms and conditionsstated DO NOT BID or you will be bound by those terms and conditions. By bidding you agreeto all disclosures.   Auctioneer's Note:  Devereaux Auction Company, LLC  and Mollie Devereaux with Chamberlain Realty has been contracted to sell real property for the seller's associated with theproperty.   Property Description:   12118 N 129th East Avenue Collinsville, Ok 74021 Legal Description: S300 N550 E198 SE SE NE LESS E50 FOR RD SEC 5 21 14 1.019AC   Auction Methods: Online Pre-Bidding to open when Terms & Conditions are approved by seller & property auction is uploaded to bidding platform. Online auction is  scheduled to end on 09/10/22 at 8:00am.— Central Time. The high bid amount at the close of the online auction will serve as the starting bid at the live auction. All online bidders have the choice to: let their offer/bid stand, show up and bid in person or place proxy (phone/absentee) bids with the Bid Assistants/Auctioneers at the on-site auction. Onsite Auction Method: Bid Assistants/Auctioneers will be onsite to accept bids in person, via phone, and via absentee bids. Auctioneer and Bid Assistants will also be available to assist you with registering to bid, & provide guidance, regarding the bidding process. The high bidder will be announced at the completion of the auction. The high bidder will be charged a 5% buyer’s premium. By bidding ON or BEFORE the auction, you are placing an irrevocable offer and agreeing to pay your bid amount as the purchase price. Inspection/Preview:  Open House dates will be scheduled for preview of the property . Scheduled property preview dates may be added and disclosed on a later date. Dates and times may be changed or adjusted. For additional information please call or text Mollie at 405.481.6749 to confirm or email at mollie@chamberlainrealtyllc.com Announcements:  All announcements made the day of auction take precedence over any and all previously written advertisements or any prior written or verbal terms of sale.  Updates and announcements will be made via devereauxauctioncompany.hibid.com & may be made throughout the offer and bidding process. This is a reserve auction.  Earnest Money: Upon the completion of the live auction the winning bidder will immediately make an earnest money deposit 5% of the purchase price. The earnest money will be made in the form of a personal (funds verified) or cashier's check. Earnest money will be held at Elite Title Services. The remainder of the purchase price in addition to the buyer’s premium is due upon closing which will be held at Elite Title Services.  BIDDING IS NOT CONTINGENT UPON FINANCING. Proof of funds or Letter from your bank will need to be provided to Auctioneer/Agent, no later than 09/09/2022 — 5:00pm. Bidding abilities may be denied until funds are verified.   Minerals: Seller is unaware of owning any minerals. Any Potential Ownership will be reserved by sellers. Documentation: Upon the completion of the auction the winning bidder will sign a contract and any supporting documents once Auctioneer/Broker receives Sellers bid approval. The contract will be on GTAR forms. Completion of Purchase Documentation for Real Estate:  The Auctioneer or Mollie Devereaux with Chamberlain Realty shall contact approved buyer, within 24 hours immediately following the close of the auction. Buyer shall have two (2) days following the auction to return all completed documents or shall be subject to paying a liquidated damages amount equal to the down payment. If you wish to have the purchase documents reviewed by an attorney, please contact Auctioneer PRIOR to the Auction and we will provide them to you for review to not delay the post auction process.   Bidding Process:  No bid may be withdrawn by a bidder once made to the Auctioneer or bidding platform.  All bids are an irrevocable offer to buy and shall remain valid and enforceable to until the Auctioneers declares the property "sold" and the auction has concluded.  The Auctioneer reserves the right, but has no obligation, to bid on behalf of the seller. The seller has the right to accept or reject all bids.  The Auctioneer will control any increments of bidding. The bidder's number is nontransferable.   Internet Bidding:  This auction will feature online pre-bidding.  Bids may be taken from both online bidders and bidders placing their max bid, allowing the platform to bid on their behalf.  The sale will be controlled both by the auctioneer personally and by the online bidding program. Auctioneer and Bid Assistants will be available at scheduled preview days and day of sale to assist with bidding questions, if needed. Devereaux Auction Company, LLC, Chamberlain Realty LLC, HiBid and its affiliates and assigns are not responsible for malfunctions or system errors which cause a bid or bidder to fail to be recognized or registered.  In the event of a dispute or loss of internet bidding platform functionality, the online bidders and bidders that have placed a max bid, accept that the auctioneer may re-open the bidding at the auctioneer's sole discretion and shall serve as the sole arbiter as to who is or is not allowed to bid.   Acceptance of Bid Price:  Seller has the right to accept and reject any and all bids or counter the high bid of the property. The buyer is responsible to honor their bid until the seller rejects the high bid in writing. Devereaux Auction Company, LLC  will make every effort to receive full acceptance upon the final bid of the live auction. Seller may choose to re-open the online auction if the reserve price is not met.   Real Estate Taxes and Assessments:  Property taxes for 2022 will be prorated to the date of closing and funding. The buyer(s) will be responsible for all taxes imposed after the execution of the General Warranty Deed.   Closing & Funding:  Will take place on or before October 25, 2022, or sooner or as soon as applicable closing documents, and due diligence has been completed. Buyer & Seller will pay respective closing costs. Closing will be held at Elite Title Services located at 61st and Yale  for both the buyer and the seller. Possession: Assumed upon closing and funding    Title:  A General Warranty Deed shall be executed by the owners of the property conveying the real estate to the buyer(s). In the event that an issue arises when title is pulled, the seller will have 120 days to remedy the issue, or other terms agreed to between buyer and seller in writing. If the issue cannot be remedied, Seller will refund the buyer's premium (if applicable) & earnest money to buyer. Zoned: Rural Agricultural Sewer and Water: Septic, and  Rural Water   Buyer is responsible for reviewing any and all information, including, but not limited to: boundary lines, encroachments, and legal descriptions. Buyers will be responsible for any additional survey costs desired or required. The advertised legal description including but not limited to acreage, square footages, and any other measurements are approximate and have been assessed based on court records, aerial photos, or other reliable sources. Information supplied by Auctioneer should not be deemed reliable and prospective buyer should verify all legal descriptions and boundary lines. If the information provided does not meet prospective buyer's needs, it will be the responsibility of the prospective buyer to pay for and furnish their own survey. Information of Brokerage Agency:  Chamberlain Realty, LLC, in conjunction with Devereaux Auction Company are exclusive agents of the seller.  An Information about Brokerage Service for is supplied in the PIP package.  Oklahoma Law requires all real estate licensees to supply this form to all prospective buyers, tenants, and sellers and landlords.   Broker Registration:  Brokers/Agents must accompany their client at ALL showings & register their client by via the Broker Participation Form no later than 9/8/2022, no exceptions. It is the responsibility of any agent representing a client to have completed and returned the Broker Participation Form by the published deadline.  No registration forms will be accepted at the auction. Brokers MUST accompany client at all showings & inspections and attend the auction with their client or be present as their client executes any online bidding, to be offered commission listed on MLS.   Breach or Failure to Close (Default):  If any conditions contained herein are not complied with by the buyer, or the buyer fails to close in accordance with the Real Estate Contract of Purchase, the earnest money deposit will be forfeited as liquidated damages.  However, such forfeiture shall not preclude Devereaux Auction Company, LLC or the seller from enforcing additional remedies available as detailed in the Real Estate Contract of Purchase. The contract IS-NOT contingent on financing, if for any reason the buyer cannot secure financing, the earnest money will be forfeited to the sellers. Environmental Disclaimer:  The seller and Devereaux Auction Company, Chamberlain Realty, LLC, agents, contractors, employees, affiliates and assigns do not warrant or covenant with buyers with respect to the existence or nonexistence of any pollutants, contaminants, mold, or hazardous waste prohibited by federal, state, or local law or claims based thereon arising out of the actual or threatened discharge, release, disposal, seepage, migration or escape of such substances at, from or into the demised premises.  Buyer is to rely upon their own environmental audit or examination of the premises.   Disclaimer:  Information supplied in this property information package (PIP) and all supplied material is subject to the terms and conditions in this agreement. The property described in this (PIP) is being offered to the highest bidder "AS IS", "Where IS" and no warranty or guarantee is expressed or implied, concerning the property made by the Seller, Auction Company or broker. Each potential buyer is encouraged to perform his/her own independent inspections, inquiries and due diligence concerning the described property (at buyer's expense).  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 be solely at the recipient's risk. Buyer agrees to accept property with its current zoning, easements, and any and all right-of-ways that carry with it.  All information is taken from sources deemed to be accurate and reliable, all measurements are approximate and not to scale.  The seller and the auctioneers, Devereaux Auction Company, LLC, Chamberlain Realty, LLC, contractors, employees, firm, brokers, affiliates or assigns assume no liability in this matter.  Any and all announcements made the day of auction take precedence over any and all previously written advertisements or any prior written or verbal terms of sale but shall in no event form the basis of any representation or warranty by seller or auctioneers. Auctioneer has a right to accept or reject all bids.  The Seller and Auction Company reserve the right to prohibit any person from bidding not in good standing with Auction Company and or Broker. In case of a tie or disputed bid, the Auctioneer reserves the right to re-open the bidding to determine the highest bid and settle the disputed bid.  This is at the sole discretion of the Auctioneer. All decisions made by Auctioneer and or Broker are final.   Indemnification of Agent and Closer: Buyer agrees to indemnify and hold closer and agent their agents, principals, associates, affiliates, assigns and employees harmless against any and all losses, claims, damages or liabilities and expenses not resulting from agent or closer's bad faith or gross negligence, including costs of investigation, attorney fees, and disbursements, which may be imposed upon or incurred by agent or closer hereunder relative to the performance of their duties related to the parties or the property, including without limitation any litigation arising from or in respect of this contract or the transactions contemplated hereby. Closer and agent shall not be liable for any error of judgment or for any act done or omitted by them in good faith. Closer and agent are authorized to act on any document believed by them in good faith to be executed by the proper party or parties, and will incur no liability in so acting. Closer and agent are in all respects and for all purposes third party beneficiaries of this contract to the extent that this contract would entitle them to rights or benefits if they were signatory parties hereto, and each of them is entitled to enforce such rights and benefits, as herein provided, to the same extent they would be entitled if they were such signatory parties. ANY INDEMNIFICATION, DEFENSE OR HOLD HARMLESS OBLIGATION OF BUYER FOR THE BENEFIT OF SELLER, CLOSER, OR AGENT IN THIS CONTRACT SHALL SURVIVE THE CLOSING AND/OR TERMINATION OF THIS CONTRACT. Corrections or Amendments:  Any corrections and or amendments will be posted to the Auctioneers Website at <a href="http://www.devereauxauctioncompany.com/">www.devereauxauctioncompany.com</a> prior to the live auction.  Prospective buyer(s) will be solely responsible for reviewing any and all possible updated material.

Bid Increments

Your bid must adhere to the bid increment schedule.

Bid Amount	Bid Increment
0.00 - 1.00	0.25
1.01 - 50.00	1.00
50.01 - 100.00	2.50
100.01 - 500.00	10.00
500.01 - 9,999,999.99	500.00

Payment Information

Currency
Buyer Premium	See terms & conditions.
Payment Terms	The online portion is for PRE-BIDS only. The pre-bidding closes at 8am the day of the auction, the high pre-bid will be brought to the floor for the live auction. If a max bid has been set, a member of the auction staff will bid on your behalf until you have won the property or have been outbid by a floor bidder. Must provide proof of funds or a pre-approval letter to be approved to bid.

Shipping / Pick Up

Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.