PLEASE CALL TO MAKE SURE THE PROPERTY HAS NOT SOLD PRIOR TO AUCTION

REAL ESTATE:  The real estate is a 3-bedroom, 2 bath, one story cedar-sided ranch home with an attached garage and a

2-year old concrete drive on a .87 acre lot at the edge of town. The home includes a slide-in range w/black front, stainless steel refrigerator and dishwasher, eat-in kitchen w/bar area, office/computer room, open front porch, large deck on the back, 2-year old heat pump, city water/septic, and a dry moisture barrier in a roomy crawl space covered with rock.

Guest House: This is a cedar sided, detached guest home with one main living area, bath, and kitchenette.

PARCEL NUMBER FOR HOME:   77-07-33-000-013.000-011

LEGAL DESCRIPTION: 33-8-9  PT SE COR SW NW .87 AC

REAL ESTATE TAXES:  The real estate taxes are approximately $504.00 per year for the home.

Taxes will be pro-rated at closing.

TERMS OF REAL ESTATE:   The Successful Bidder will deposit 10% of the contract purchase price (except for exempt entities) at the auction in the form of cash, cashier’s check or approved personal check or company check with bank letter of guarantee (no bank drafts). The Buyer will sign a non-contingent real estate contract with the balance due in 30 days or

thereafter within 5 days of presentation of insurable title. The Real Estate will be sold “AS-IS” with no warranty, expressed or implied, but will be free and clear of any liens or encumbrances. An ALTA 2006 Title Insurance Commitment in the amount of the contract price will be supplied to the Buyer by the Seller and Seller shall pay for title search, premium for owner’s policy and cost to correct any title defects. If obtaining a loan, the Buyer shall pay the mortgage policy. The Buyer will pay for the recording of his/her necessary documents. The Auction will conclude when the Auctioneer determines that all buyers have made their best and final offers. Anyone desiring to bid must be approved prior to sale by Johnny Swalls. Any statements made by the Auctioneer day of sale or during the sale take precedence over any oral or written heretofore. 

BUYER’S PREMIUM:  The Buyer will pay a 6% Buyer’s Premium which will be added to the bid price to arrive at the

contract price.  The Buyer is only required to pay 10% down, of the contract price, day of sale. 

BROKER PARTICIPATION:  Broker participation welcome and Owners will pay 3% of bid price.

SURVEY:  The seller states the property has been surveyed at no expense to the buyer.     

POSSESSION:  Possession at closing.

FOR PRIVATE SHOWING CALL:  812-495-6119 or 812-696-5099

AGENCY: Johnny Swalls Auction, Inc. and its Representatives are Exclusive Agents of the Seller.

SALE LOCATION: 596 N CO RD 90 W, Sullivan, Indiana

AUCTIONEER’S PHONE: 812-495-6119 or 812-696-5099

FAX:  812-696-5090  E-MAIL:  auctions@jswalls.com

AUCTIONEER:  Col. Johnny Swalls, CAI, AARE, GPPA, CAGA, CREA  

IN #AU01026257