Twp Rd 396 - 80 acres- Monroe County

The following is a summary of the Terms and Conditions for this online auction for real estate

located at and/or identified as 44502 Twp Rd 396 (Whippoorwill Rd) Clarington, OH 43915 (the “Property”) Monroe County parcels 180270020000, 180260020000, 180260150000 and 180270170000 and being 80.38 acres.

The tracts are owned by two different sellers.

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

Auctioneer Brian Bauer and Bauer Real Estate Company, LLC represent the Sellers only. Auctioneer has an ownership interest in Tract 2.

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

This auction begins closing on April 2nd, 2024, at 6 pm; however, bidding will remain open on this property until 5 minutes have passed without receiving a bid. Auctioneer reserves the right to shorten this time. This soft close ensures fairness and allows the highest bidder to win.

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

All bidders will be subject to a $1.00 (One Dollar) Identity Verification Charge. The Identity Verification Charge will not go towards the purchase of the property, and it is not a deposit. It is a hold that allows us to confirm that you are a legitimate bidder. Once the authorization is approved, this charge will appear as a $1.00 (One Dollar) hold on your credit card. Auctioneer does not have access to your credit or debit card information or any account numbers. Verification performed by Square™

A 10% Buyers Premium will be added to the winning bid to determine the purchase price of the property. The bid prices shown on the auction website DO NOT include the Buyer's Premium. Please bid accordingly. 

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/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 or 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 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.

Tract 1 sellers are reserving the Oil and Gas rights. Tract 2 sellers do not own the Oil and Gas rights

The purchase of this property will not be contingent upon any mineral rights transferring to the buyer.

Closing shall occur on or before May 2nd, 2024.

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

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

Bidder acknowledges that a review of a copy of the real estate purchase agreement, property disclosures, and title search are available for bidders' review prior to bidding.

Any Bidder must be at least 18 years of age.

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.

Address: 44502 Twp Rd 396 (Whippoorwill Rd) Clarington, OH 43915

GPS: Lat. 39.72378  Long. -80.93390