Real Estate & Contents Auction – London

1311 Preston St., London


REAL ESTATE AUCTION

Saturday, February 23 at 11:00 a.m.

Open House/Inspection: Sunday, Feb. 17 from 12 – 3pm

Perfect size bungalow for all types.  Separate entrance to basement allows simple creation of   in-law apartment.  Located near shopping, transit, and plenty of schools including Fanshawe College. University of Western Ontario is a short commute (7km)

Some of the features of this home:

·Brick construction bungalow with full basement

·Located in a mature area of nice homes and lovely big trees.

·Spacious backyard and wood deck with access from kitchen

·Paved driveway

·Large fenced yard

·Eat-in kitchen

·2 spacious bedrooms upstairs

·Full bathroom upstairs

·Hardwood under carpet in living & dining rooms

·Good bones but flair for modern decor is required.

·Property taxes (2012) $2,645.00

TERMS FOR REAL ESTATE: Property will be sold upon executor’s acceptance of the highest reasonable bid offered.  A deposit of $10,000.00 by certified cheque or bank draft (payable to David Moore & Associates) will be required at time of auction to bid on property. Balance due on closing in 60 days or sooner, as agreeable to both parties.

Make your financial arrangements prior to the auction day!

Note: Potential purchasers should inspect building and location and verify this information to their own satisfaction prior to auction. While all information contained herein is believed to be accurately represented by vendor and other sources, all information should be verified by the purchaser before bidding.

Overview: How Do I Buy This Property By Auction?

·Inspect the property to your own satisfaction

·Visit your bank manager if necessary to be  pre-qualified for a mortgage prior to auction day. This will prepare you to make a cash offer and you will know how high you can bid.

·Bring a $10,000.00 deposit with you to the auction. This may be either a certified cheque or bank draft made payable to David Moore & Associates. You will be  required to sign a bidder’s agreement and show your deposit to the clerks upon registering for the auction, however you will only turn the deposit over to the clerks if you are the winning bidder.

·Participate in the bidding. Property will be sold upon executor’s acceptance of the highest reasonable bid. The winning bidder and the vendor then sign the Offer of Purchase and Sale.

·That’s it! Your lawyer takes over from here and does the usual title search and closing activities. The balance of the purchase price is due upon closing.

It’s that simple!

 

Note: Contents will be sold in an online auction running from Feb. 17-21 on www.rapid-sell.ca. The full catalogue of items being sold is available on www.rapid-sell.ca