NO RESERVE! 16412 Gordon Lane, Leo IN 46765

Real Estate Auction Terms
NO RESERVE! 16412 Gordon Lane, Leo IN 46765
Procedure: The property is being offered with no reserve at public auction. There will be live and online bidding available. There will be a 3-minute stopwatch used at the end of the sale to determine when we end the sale.
Agency: Bartkus Auctioneers Company and its representatives are exclusive agents of the Seller.

Down Payment: A $10,000 Down Payment on the day of auction with the balance in cash at closing. The down payment may be made in the form of a cashier’s check, personal check, or corporate check. Your bidding is not conditional upon financing so be sure you have arranged financing if needed.

Acceptance of bid: This is an absolute public auction and will be sold to the highest bidder at the close of the auction. The Successful bidder will be required to enter into a purchase
agreement at the auction site immediately following the closing of the auction.

Evidence of Deed and Title: Seller shall provide a deed and owners title insurance policy in the amount of the purchase price at closing.

Closing: The balance of the purchase price is due at closing which will take place within 40 days or 15 days of presentation of insurable title. Closing costs for an insured closing shall be split by the Seller and Buyer 50/50.

Possession: Possession shall be the day of closing.

Real Estate Taxes: Real estate taxes will be assumed by the Buyer up to the day of closing. Taxes will be prorated with the seller paying taxes up to closing date. Taxes are $2082 for 2025 taxes. There are no exemptions on the property.

Survey: A new boundary survey will be completed. The Seller shall order the survey. The cost of the survey will be paid by the Seller.

Septic: There is a septic on the property, and it will be pumped prior to closing. Property is being sold as- is where- is.

Online Bidding Available: You may bid online during the auction at www.bartkusauctioneers.com. You must register & submit a bank letter 24 hrs. in advance of the auction for your bids to be approved. For online bidding information, call Bartkus Auctioneers at 260-715-9797. BIDDER PRE-REGISTRATION STRONGLY ENCOURAGED! NOT SUBJECT TO APRAISAL OR FINANCING. ALL SALES ARE FINAL AND SOLD AS- IS. ANY ANNOUNCEMENTS MADE OF THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

Auction to be held at 16412 Gordon Lane, Leo IN 46765 Saturday May 16th @ 11 am