LIVE/Onsite Public Real Estate Auction-Wickliffe

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Storybook 1,884 Sqft 4BR/1BA brick and terracotta bungalow on a desirable tree-lined street in north Wickliffe. Large Kitchen (gas) with a quaint breakfast nook. The living room boasts a gas fireplace and leads to a generous dining room. The main bedroom is on the 1st floor with 3 additional bedrooms upstairs, a ½ bath, and a huge linen closet. Loads of storage. Original crafters woodwork, multi-paned French windows, and a full basement. Multi-Car garage with a wooded lot(0.72 Acres). +/- 1 Mile to Lake Erie. Interior needs complete rehab.

To view a full legal document of this property, click here: https://auditor.lakecountyohio.gov/search/CommonSearch.aspx?mode=REALPROP

TERMS: Buying as is, where is without any warranties, returns, or contingencies of any kind. High accepted bidder must place a $5000 cash or check/money order payable to Everest Title Company prior to registration.  The winning buyer’s initial deposit will be applied towards the required “Earnest Money Deposit” with a 45-day close on this property. All deposits from other bidders will be released after the event. ROSEN & COMPANY, INC. conducts events solely on behalf of seller and is not acting as an agent for any bidder in any capacity. By registering for this auction, bidder acknowledges having read, agreed to, and accepted these terms. By submitting an offer on a property, the bidder is deemed to have accepted the terms and conditions that are posted on our website. ROSEN & CO, INC deems that all info is reliable but not guaranteed. 10% buyer’s premium. Absentee/Proxy bids are accepted when approved by the auctioneer and a deposit is presented at least 24 hours before the auction. ROSEN & COMPANY, INC. may modify, waive, or impose additional registration requirements for certain bidders at its sole and absolute discretion or at the request of the seller.

Purchase Documents. Prior to submitting an offer, bidders must review the purchase and sale agreement, any applicable addenda, seller’s disclosure documentation, and all other transaction documents (collectively, “Purchase Documents”). The Purchase Documents can be reviewed the day of sale or by request and are non-negotiable. All offers should be based on the terms set forth in the posted purchase documents, and winning buyers shall accept such terms.

Due Diligence. It is each bidder’s responsibility to conduct its own due diligence and investigate all matters relating to this property, of which the bidder is interested in purchasing, including, without limitation, legal matters, physical condition and attributes, environmental matters, economic matters, encumbrances, and all other aspects. Participant assumes all risks associated with any such inspection. Bidders must submit bids accordingly at their own risk. All bids should be based solely on participants’ independent due diligence and any information contained in the purchase documents. You are buying this property w/ contents in the home for one money. It will NOT be cleaned out  

Property information has been gathered from a variety of sources and has not been independently verified by ROSEN & COMPANY, INC… Bidders are encouraged to consult with a licensed real estate broker, contractor, attorney, financial advisor, tax advisor, and/or other professional and fully investigate public records.

Buyer’s Premium and Total Purchase Price. The actual total purchase price (“Total Purchase Price”) for a property will be equal to the offer amount plus a buyer’s premium (“Buyer’s Premium”). The amount of the buyer’s premium is (Ten percent) 10%. The total purchase price will not include other amounts payable by the winning buyer during the closing, such as escrow/closing fees, property taxes, or insurance, as more fully set forth in the purchase documents.

This is a reserve (confirmation by the seller) Auction in which the seller reserves the right to establish a reserve price, to accept or decline any and all bids, or to withdraw the property at any time prior to the announcement of the completion of the sale by the auctioneer.

CANCELLATION, LIQUIDATED DAMAGES. IF THE WINNING BUYER BREACHES THESE TERMS, THE WINNING BUYER’S OFFER MAY BE REJECTED BY ROSEN & COMPANY, INC. AND/OR THE SELLER, AND THE WINNING BUYER’S INITIAL DEPOSIT MAY BE RETAINED BY ROSEN & COMPANY, INC AND/OR THE SELLER AS LIQUIDATED DAMAGES, AND THE PROPERTY MAY BE IMMEDIATELY SOLD TO ANOTHER BIDDER. PARTICIPANT HEREBY ACKNOWLEDGES THAT THE ACTUAL DAMAGES RESULTING FROM A BIDDER’S BREACH OF THESE TERMS WOULD BE DIFFICULT AND IMPRACTICAL TO CALCULATE. ALL PARTICIPANTS AGREE THAT THE INITIAL PARTICIPATION DEPOSIT IS A REASONABLE PRE-ESTIMATE OF THE RESULTING DAMAGES TO ROSEN & COMPANY, INC. AND/OR THE SELLER AND IS NOT A PENALTY OR FORFEITURE.

Auction conducted by: Rosen & Co. Inc. Stanley Rosen-Broker, Auctioneer, Ross C Barton III- Auctioneer, Agent, Sheila Rosen Schiff-Agent

We look forward to seeing you at the auction. Feel free to contact Sheila at 216-990-1831 should you have further questions about the auction process