Auction Terms

Auction: SUNSET MOTEL PROPERTY AUCTION - OPEN HOUSE 9/4 from 4pm - 6pm
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Start Date: Wednesday, August 7th at 1:00 pm ET
End Date: Thursday, September 12th at 1:00 pm EST
Preview Date: Sept 4th, Wednesday 4pm - 6pm & Sept 7th, Saturday 10am - 12 noon.
Removal Date: close by October 8, 2019
Location: 44077 Oberlin Elyria Rd, Oberlin, OH 44074
Description: 27 room very clean motel, currently in operation and generating nice revenue. Convenient to highway just off exit. Very nice business opportunity. Basic Terms: Sells subject to seller confirmation on auction day. (Seller is highly motivated). The winning bidder must wire a 10% deposit to Auction Firm Trust Account, which will become your non refundable deposit. Contract signature and deposit must be made by 5 PM EST the day of Auction. The real estate is sold As Is with no contingencies. All inspections must be done prior to Auction. Close within 30 days. A 10% buyer's premium will be added to the high bid to obtain the final contract selling price. Short tax proration. Buyer pays all closing costs. General warranty deed given at closing with no liens or back taxes. Property will close in no more than 30 days from auction. Title Company will be Ohio First Land Title Agency LLC. Andrea Robinson, President. 440-365-2800.
Terms:

Basic Terms:

Sells subject to seller confirmation on auction day. (Seller is highly motivated). The winning bidder must wire a 10% deposit to Auction Firm Trust Account, which will become your non refundable deposit. Contract signature and deposit must be made by 5 PM EST the day of Auction. The real estate is sold As Is with no contingencies. All inspections must be done prior to Auction. Close within 30 days. A 10% buyer's premium will be added to the high bid to obtain the final contract selling price. Short tax proration. Buyer pays all closing costs. General warranty deed given at closing with no liens or back taxes.

Property will close in no more than 30 days from auction.  Title Company will be Ohio First Land Title Agency LLC.  Andrea Robinson, President.  440-365-2800. 


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