The following is a summary of the Terms and Conditions for this online auction for real estate located at and/or identified as 0 County Road 292 Millersburg OH 44654 (the “Property”) Holmes County parcels 06-00141-005 (61.246 ac) and part of parcel 14-00559-004 (10 +/- ac)

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 Tristden 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 26th, 2025, at 11 am; 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/s 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% buyer’s 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/s at auction will be required to tender a non-refundable deposit in the amount of 10%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.

Buyers must do their own due diligence prior to bidding to determine the feasibility of building on any lot, including the feasibility of installing a septic system and drilling a water well.

The winning Bidder/s are 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/s assumes any responsibility for an appraisal gap.

If Buyer/s elect 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.

Seller shall provide to Buyer/s, at Seller's cost, a new boundary survey for each tract sold. If the property sells as a whole, the property will not be surveyed, and the individual tracts will not be surveyed. If the property is sold in tracts, any contiguous tracts that are sold to the same buyer will be surveyed as one tract.

All tract sizes are approximate. The Buyer's final purchase price will be determined on a per- acre basis by the final survey of each tract.

Closing shall occur on or before May 26th, 2025.

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

The Vacant Land Disclosure is available under “documents” on the bidding website and shall be signed along with the purchase contract.

The Protective Covenants are available under “documents” on the bidding website and will be recorded with the deed in accordance with the respective tracts.

Water hydrants and buried water lines on the property are the property of the tenant farmer, Alan Kosack, and are currently inoperable.

There is a sinkhole on Tract 1. This is noted in the "Vacant Land Disclosure" in the documents section of the auction. The Ohio Department Of Natural Resources (ODNR) believes the sinkhole may be caused by a historical underground family coal mine. The ODNR has no records of any underground mining on this property. They are scheduled to drill test holes in the subsidence area to determine the scope of any reclamation that may be needed. The seller has given the ODNR permission to do the testing which is currently on their drilling schedule. The best estimates would be the end of May or the beginning of June when they would do the testing. If it is found that there is a coal mine under Tract 1, the ODNR has indicated they will reclaim the affected area. The testing and/or any reclamation will likley occur after this auction ends. A letter from the ODNR about this area is in the “documents” section of the auction. " Bauer Realty and Auctions makes no warranties or claims on behalf of the ODNR. By bidding on Tract 1, you acknowledge, accept, and agree to these terms.

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.

Upcoming AuctionsView Past Auctions

Newsletter Sign-Up