The following is a summary of the Terms and Conditions for this online auction for real estate located at and/or identified as 5719 N. Richmond Rd. Pierpont, OH 44082 (the “Property”) Ashtabula County parcel 400190001804 being 60369 acres.

Bidder agrees to abide by these Terms and Conditions of the online auction. This auction has an undisclosed reserve price. If the highest bid meets or exceeds the reserve price, the highest bidder/s will execute the real estate purchase agreement. The real estate purchase agreement, property disclosures, and title search are available for review prior to bidding on the "documents" page of the auction website. No revisions to the real estate purchase agreement will be permitted. By bidding at this auction, Bidder agrees and confirms that Bidder understands and agrees to all of the following:

Auctioneer Brian Bauer with Bauer Realty & Auctions, LLC represents the sellers only.

All bids remain legally binding for 24 hours after the auction's conclusion.

This auction begins closing on April 12th, 2025, at 1 pm; however, bidding will remain open on this property until 5 minutes have passed without receiving a bid. This soft close ensures fairness and allows the highest bidder to win the auction. Auctioneer reserves the right to shorten or extend this time.

You are NOT bidding by the acre. You are bidding to pay a lump sum dollar amount for the property.

A 10% Buyers Premium will be added to the winning bid to determine the purchase price of the property. The bid price shown on the auction website DOES NOT include the Buyer's Premium. Please bid accordingly. The Buyers Premium is not a sales commission. The Buyers Premium is a fee charged by Auctioneer to bring the property to the market.

If your bid is accepted, you are obligated to buy the Property, and you agree to pay the total purchase price, which includes your bid, the 10% buyers premium, and half of the standard fees charged by the title company to close the transaction. Buyer shall also pay for half of the cost of an Owner's Policy of Title Insurance.

The successful Bidder at auction will be required to tender a non-refundable deposit in the amount of 3% of the final purchase price by electronic transfer or other method specified by the Auctioneer within one business day after the conclusion of the auction. Failure to tender the earnest money deposit will be a default.

The Property sells in its AS-IS condition. Sellers will not make any repairs or give any concessions for repairs or remedies to any defects discovered. Each Bidder and Buyer is responsible for conducting his or her own due diligence on the Property before bidding. Any desired inspections of the Property must be completed prior to bidding at Bidders expense. The sale is not contingent upon a satisfactory inspection. The real estate purchase agreement, property disclosures, and title search have been provided for all Bidders to review on the "documents" page of the auction website.

The winning Bidder is welcome to finance their purchase; however, the sale of this property is not contingent upon the winning Bidder’s ability to secure financing. Bidders seeking financing should contact a lender for pre-qualification prior to bidding.

Buyer assumes any responsibility for an appraisal gap.

If Buyer elects to remove property from CAUV (if applicable), Buyer shall pay all tax recoupments. If property no longer qualifies for CAUV due to property split, Seller shall be responsible to pay any tax recoupments. This shall survive the closing.

Kitchen appliances, and washer & dryer are included in the sale.

Closing shall occur on or before May 12th, 2025.

The sellers will provide a General Warranty deed to the Property.

Northwest Title will be performing closing. (Krista McKee 740-994-4466)

By bidding on any of our auctions, you agree that Bauer Realty & Auctions, LLC has the right to share your name and phone number with the winning bidder/s only. Our bidding process is very transparent, and upon the winning bidder’s request, we may provide our bidder's list to the winning bidder at the auctioneer's discretion.

Any Bidder must be at least 18 years of age.

Only the actual buyer of the property may bid on the auction. No one may bid on anyone’s behalf.

Bid Rigging is a Federal Felony. Auctioneer will report illegal activity by any person to the FBI for investigation and prosecution. Title 15, Section 1 of the U.S. Code makes any agreement amongst potential bidders not to bid against one another, or to otherwise dampen bidding illegal. The law provides for fines of up to $100,000,000 for a corporate offender and

$1,000,000 for an individual, plus imprisonment for up to 10 years.

In the event there are technical difficulties related to the server, software, internet or any other online auction-related technologies, auctioneer reserves the right to extend bidding, pause the bidding, continue the bidding, or close the bidding. Neither the company providing the software nor the auctioneer shall be held responsible for a missed bid or the failure of the software to function properly for any reason.

Auction announcements or postings take precedence over anything previously stated or printed.

Should Bidder fail to abide by these Terms and Conditions, Auctioneer and/or Sellers may commence proceedings to recover actual damages, including reasonable attorneys’ fees to enforce them.

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