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COL. DOROTHY SCHAFFER

REAL ESTATE AUCTIONS

HOME TO SELL AT AUCTION 12:00 NOON SATURDAY, APRIL 29, 2008. 

HOME WILL BE SOLD TO THE HIGHEST BIDDER, AT, OR ABOVE THE MINIMUM STARTING BID OF $115,000.00

SOLD FOR $126,000.00 !!!

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Home is an immaculate 2 bedroom brick ranch with newer addition den. Addition could be a third bedroom with wood burning fireplace. Backs to common ground and street. Two full baths, one up, one down. Full unfinished basement. Updated electric box with circuit breakers. Gas forced air heat, electric air-conditioner, carpet & hardwood flooring, marble window sills, dishwasher, garbage disposal, gas stove, & oven, utility storage under room addition, satellite dish, & gas water heater. Public sewer and water. In Al-Claire Meadows subdivision.

Taxes are approximately $1323.00, Room sizes are Living room: 12x23; Kitchen 11x11; Dining room: 9x11; master bedroom/den? 16x15; 2nd bedroom 13x10; 3rd bedroom 10x11.

All information is not verified and should be checked by prospective buyers.

Terms: Home is sold "as-is" and "where-is" with no warranties, contingencies, or repairs to be made of any kind. The property will sell at, or above the minimum bid of $115,000.00. The high bidder is required to make a 10% non-refundable down payment upon signing the contract immediately following the live bidding portion of the auction. A certified or cashiers check for $ 11,500.00 made out to "Old Republic Title Co." is required to register and attend bidding portion of auction. Balance of down payment in cash, or personnel check if property sells for over the minimum bid.

The balance payment will be due at the closing in approximately 30 days when good title and possession will be granted.

This would be a nice home and/or investment for anyone, you can move right in. It is not a distress property.

Directions: From I-55 go north on Bayless Rd. to Morganford Blvd., make right on Morganford, and continue to  Poepping Ave., make left, and go to end of Poepping, make left and continue to Hamburg and make left to home. 

Call 636-938-1337 for an appointment

How this real estate auction will work

This will be a live minimum bid auction to be held on site on Sat. April 29, 2008. Doors will open at 11:00 A.M.. Prospective bidders must register for a bid card prior to the start of the auction. At this time a non-refundable deposit in the form of cashiers or certified check for $11,500.00 made out to the "Old Republic Title Company" must be shown to the clerk, plus cash or personal check for the balance if high bid is over the minimum bid of $115,000.00. If you are not the high bidder, your financial institution should re-issue your check back to you. (Check on this with your financial institution)

At 12:00 noon auctioneer will call registered bidders together and will begin by stating terms of the sale. Auctioneer will then ask for the minimum bid and bidding will begin. No bids under $500 will be taken. When the high bid is reached and there is no more bidding the auctioneer will say, "sold" to number (?). This forms a legal contract that the high bidder will buy the property and it cannot be retracted. Immediately following this, the high bidder must sign a written agreement with seller. Deposit money and copy of the contract will be turned over to Old Republic Title Company who will do all paperwork for closing. Balance will be due in 30 days. Time is of the essence

Property is being sold "as-isí with no financing or inspection contingencies. No repairs to are to be made. All inspections must be done prior to auction date at your own expense. Let us know when you would like to make an inspection and we will try to accommodate you. If you are going to finance the balance. You should be pre-approved for a loan with a financial institution before the auction. Deposit is non-refundable! If you have any other questions feel free to call.

Note: Only registered bidders and their associates will be allowed at the bid calling!

Col. Dorothy Schaffer Auction Service

St. Louis, MO.

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