Event Description:
Duplex Auction - 1120-1122 Washington St, Beatrice, NE 68310
ONLINE ONLY October 24th - November 10th
Description: For sale is a great investment property with approximately 2300 sq ft. The unit on the east side is 2 bedroom, 1 bath, living room, dining room, kitchen and main floor laundry. There is also access to a full attic. The tenant has been in this unit for 10+ years and pays $450 per month rent. The west unit has a nice size living room, kitchen/dining, 1-bedroom, full bath, and laundry on the main floor. In the loft area is another bedroom and a ½ bath. Access to the lower level is on the west side and seller had a finished family room, after some moisture, did remove some of the drywall to repair the foundation in late 2019 and have noticed no further problems. This unit was just vacated in September and seller was receiving rent of $650 per month.
The roof is approximately 12 years old and at the time it was shingled they also replaced sheeting. The duplex will be sold in its present condition with no contingencies including but not limited to financing.
Viewing of the home is scheduled for Sunday, October 24, 2021, from 12pm to 2pm and Thursday, October 28, 2021, from 4pm to 6pm.
Registration: Online bidders need to register to be eligible to bid. All bidders must fill out attached ONLINE BID FORM that is part of the registration process. Bidder will be notified of approval to bid by the email that is provided on the Registration form. Dead line for bid approval is 12:00 noon November 8, 2021. By completing the On-Line Bid Form, the bidders agree that they will follow the Terms and Conditions of the sale, as set forth by Homestead Land Company, Inc. and Hi-Bid Auctions. Online bidders must be registered through Hi-Bid Auctions.
On-Line Bidding: On-Line bidding to begin October 25, 2021, at 9:00AM. Minimum bidding increments are $0 to $50,000 is $1,000; $50,001 to $100,000 is $500 and $100,001 and above is $250. A bidder may bid any amount that exceeds the minimum increment bids. A bidder may set a MAXBID by calling Homestead Land Company. By bidding on-line the buyers agree to accept all terms and conditions of Homestead Land Company and Hi-Bid Auctions. All final bids are subject to the Seller’s approval. For on-line bidders only, the bidding will begin to close at 4:00 PM on November 10, 2021. The on-line auction uses a soft close, meaning that if bidding is active at 4:00 PM, than the bid time will extend for 3 minutes upon each bid, until bidding stops. The auctioneer’s decision as to the end of the sale and the winning bidder is final. Homestead Land Company or the Seller cannot be responsible for malfunctions of cell phones or the internet.
Terms: If you need assistance in placing a bid or would prefer to bid live or by telephone, call Homestead Land Company no later than 12:00 noon November 8, 2021.
The property is sold “as is” without any contingencies whatsoever. Bidders are encouraged and expected to make their own investigations as to the condition of the property. All information about the property has been gathered from sources deemed to be reliable but is not guaranteed. The property is available for inspection prior to the auction and any bidder is solely responsible for personally inspecting the property and verifying any information provided here or elsewhere. The Property Description and Listing are subject to change, correction, update, or cancellation at any time, without notice.
The property is not sold subject to financing. Have your financing lined up prior to bidding. The Purchase Agreement will state that this is a cash sale, so at closing you are expected to bring a cashier’s check for balance due. There will be no contingencies on the Purchase Agreement, including but not limited to, financing, inspections, or repairs. The Seller agrees to pay for ½ of the Title Insurance, and ½ of the escrow closing fee. All other closing fees will be paid by the buyer. Real Estate Taxes will be prorated to the date of closing. The Winning Bidder is required to have a 20%, nonrefundable earnest money check at the time of signing the Purchase Agreement which will be the day of the auction. The earnest money shall be payable to Homestead Land Company, Inc., and will be placed in our Escrow Account. If the signing of documents or receipt of earnest money is not completed in 5 days, whatever legal remedies are allowed will be pursued. The Winning Bidder will be provided a clean title at time of closing, subject to any easements or restrictions of record.
