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     Auction Sunday April 5th 2009

 
1525 SE 5th Ct Cape Coral Florida
http://www.visualtour.com/shownp.asp?sk=29&t=1843509&close=true

 1. Homes will be held open on Sunday 1:00 to 5:00
for inspection.

2.  To enter the bidding you must leave a bid sheet
prior to the close of inspection on Sunday.

3.  Your initial bid can be any amount.

4.  Initial bids can be changed at any time up to the Monday afternoon bidding.

5. Bids Can Be Withdrawn At Anytime

6. Bids are NOT Legally Binding

Name:____________________________________
Best Phone # To Be Reached At: (____) ____-______
2nd Phone If Can’t Reach Other: (____) ____-______
 
Address____________________________________

City: _________________ State: ______ Zip: ______

Email: _____________________________________

Starting Bid Amount $_________________________

(___) YES!! Please send me deals on homes for sale

with instant equity when they become available.

     How the Bidding Process Works

1. Getting involved in the bidding process is simple.

2. You DON’T have to be pre-approved for a loan and the

bid can be withdrawn at anytime.

 3. To get involved simply leave your contact information with

the open house host with the best phone number to be reach

when the final bidding begins (please ask host for date and times). 

      Here’s how the Round Robin bidding process works.

We will conduct several rounds in this manner until there is

only one bidder left.

We call the top bidder and let them know the bidding had begun.

Then we call the other bidders one after the other.

Here are the options the bidders have when we contact them.

        Final Round Robin Bidding Process

Each time you receive a call you have one of two options:

1. Raise your current above the highest bidder by at least

$500 to stay in the bidding.

2. Retire from the bidding process.

     We will offer the home to the highest/best bidder at his or

her highest and best bid price.

     If the highest/best bidder does not meet the conditions of

the terms-of-sale or fails to provide credible ability to purchase

the home – the home will immediately be offered to the next

highest/best bidder at his or her final bid price.

   This is an open bidding process and we will tell anyone what

the highest bid is at any time.

   Every bidder will have the opportunity to top the current bid

until highest & best bidder is established.

   The sellers have sole and absolute discretion to determine

highest and best bid.

   The highest/best bidder gets the home at his or her highest

bid price.

      Bidding Rules

   This is a sale with a Minimum Reserve.

   All bids placed at the open house are not legally binding and

can be withdrawn at any time.

   After the final bidding process is over a winning bidder will be

determined.

   They will fill out an agreement with the price and terms agreed

upon Monday after the open house.

   If the highest and best bidder does not meet the conditions

of the terms-of-sale or is unable to get financing to purchase

the home – the home will immediately be offered to the next

highest/best bidder at his or her final bid price.

   The homeowners and buyers have the right to decide not

to execute a contract (acceptable to the owner) at any time

before an agreement has been signed.

   Owner may or may not accept offers below a set Reserve price.

Back-up purchase agreements will be taken.

___________________________________________________________________________

              Terms of Sale

Final Agreement: On Monday, the day after the sale, an agreement will be filled
out between the homeowner and the winning bidder. At the time of filling out an
agreement the buyer will provide an earnest money deposit, which will be held in
an escrow account. The purchase agreement will be in the form of a real estate
sales contract currently used in Florida and such contract shall govern all rights,
duties and obligations of the parties. Terms of this contract shall supersede any
terms to the contrary contained herein. If the winning bidder fails to sign the
purchase agreement and deposit the earnest money by the end of Monday, the
day after the sale, will disqualify that bidder. If the winning bidder is disqualified,
the next highest bidder has the opportunity to buy the home at their final bid
price (as long as it is acceptable by the sellers).

PURCHASER QUALIFICATION: Bidders must obtain financing for the home, if
applicable, within 24 hours of finalizing the agreement. Proof of the buyer’s ability
to pay the purchase price, and/or qualify for financing, must be in the form of a
written letter of qualification from a financial institution. Purchaser should plan on
conducting the closing within 30 days and no longer than 45 days from the open
house.

Should the winning bidder fail to show their ability to pay the purchase price, or
meet the requirements for deposit and financing proof, or prove unable to close
this sale within the specified period, the owner reserves the right to terminate
their agreement and offer the property to the next highest and best bidder under
the same stipulations. Until an agreement is completed, the owner reserves the
right to reject any or all bids and terminate the sale process at any time without
explanation to any potential buyer.

CLOSING COSTS: All closing cost is at buyer's expense unless otherwise specified.
Owner is responsible only for payment of state & local conveyance taxes, and shall
provide an American Land Title Association (“ALTA”) “Title Commitment”. Taxes for
current year shall be prorated. The parties will follow the standard expense
allocations as provided in the real estate contract. Buyer has 10 days to conduct
inspections for the home just like any other real estate transaction.

SALES INFORMATION/POSTPONEMENT/CANCELLATION: Owner, in its sole
and absolute discretion, hereby reserves the right to postpone or cancel the sale
for any reason or no reason whatsoever. In any event the sale may be cancelled
altogether or postponed to an alternative weekend. Notice will be given to all,
so we encourage you to call leaving your name and phone number specifically
for this purpose. This is a sale with a Minimum Reserve. Owner may or may not
accept offers below the Reserve price.
 
Want To Sell Your Home In 17 Days Or Less? For a FREE REPORT called “How To
Sell ANY Home In 17 Days Or Less” Call Tom Pierce at: 239-242-2020

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