Home For Sale in New Orleans, LA in Online Only Auction
SELLING TO THE HIGHEST BIDDER!!
Ended: 09/05/19 at 2:00 PM CDT
2 bedroom 1 bath 1,796 sq.ft. home featuring wood & ceramic floors, stainless steel appliances, fenced back yard, and central a/c & heat. Conveniently located near Tulane University!
REAL ESTATE TERMS & CONDITIONS
REGISTRATION: All bidders must provide a cashier’s check or wire transfer in the amount of $5,000. After the providing this, your online registration will be approved to place bids. Buyer’s must also provide proof funds with a bank letter of guarantee or a pre-approval letter from a finance company. Our mailing address is Bonnette Auction Company, 3804 McKeithen Drive, Alexandria, LA 71303. Please contact our office for wiring instructions. If you are not the successful bidder, the deposit will be returned.
BUYERS PREMIUM: 10% will be added to the final bid price, to be included in the total purchase price. For example, if the property sells for $100,000.00, then the total sales price would be $110,000.00.
DEPOSIT: 10% down day of auction. Balance due at closing on or before 30 days. Guaranteed good title. For example if the property sells for a total sales price of $110,000.00 including buyer’s premium, then a deposit of $11,000.00 would be put down the day of the auction. The successful bidder must submit an additional check on the auction date, which, when added to the $10,000.00 deposit shall then constitute ten (10%) percent of the total contract price and must no later than 30 days following the auction date.
FINANCING: Purchasers to obtain their own financing. Purchase Agreements are not subject to financing or qualification. All bidders are encouraged to pre-qualify.
DISCLAIMER: All property to be sold “as is, where is”, with any and all faults and no implied warranties by Seller or Auctioneer. Please feel free to have an inspector or contractor look at the property with you. All information and dimensions were derived from sources believed correct but are not guaranteed. Buyers shall rely on their own information, judgment, and inspection of the property and records, including, but not limited to, all documents recorded in the county or parish where the property is located. All announcements from the auction block will take precedence over any previously printed material or any other oral statements made. Properties not sold absolute will be offered subject to seller’s confirmation within 2 business days. LA Lic#818
TAXES: Taxes will be pro-rated.
AGENTS: All agents must register their clients in order to be paid. The form must be filled out completely and sent to our office no later than 24 hours prior to the close of the auction. Agents may only register 1 client per auction.