Name 2.19.20 - 1 OMCO Square, Winchester, IN 47394
Auctioneer Evolve Auctions
Type Online-Only Auction
Date(s) 2/3/2020 - 2/19/2020
Internet bidding to start on Monday, February 3rd at 8:00 AM (ET) and conclude on Wednesday, February 19th at 8:00 PM (ET).
Preview Date/Time Please contact the auction company at 765.595.0414 to view property and inspect prior to bidding.
Checkout Date/Time Proof of funds due, if offer is accepted, within 24 hours after being notified of offer being accepted. A non-refundable earnest money deposit of $1,000.00 is due
Location 1 Omco Square
Winchester, IN 47394
Buyer Premium Online Only Premium
Description
Former OMCO manufacturing building consisting of 5 parcels. Currently zoned M2 with finished offices, warehousing, over head doors, paved parking and (2) city lots. Building has not been utilized since 2015; plenty of potential for the right business. Property to sell via online auction only www.evolveauctions.com This auction is a cash - only sale and buyer, if the offer is accepted, is required to submit proof of funds within 24 hours after being notified of offer being accepted. Buyer(s) accepts and acknowledges they are purchasing the property "as-is" and are encouraged to contact the auction company at 765.595.0414 to view and inspect before placing any bids to purchase. Bidding is not contingent upon financing or inspections. Real estate will sell with seller confirmation. The seller reserves the right to accept or reject any bid. Proof of funds due with 24 hours after being notified that offer was accepted and a non-refundable earnest money deposit of $1,000.00 is due to RE/MAX Evolve, 112 S Meridian, Winchester, IN 47394 within 48 hours after being notified offer was accepted. Buyer to assume taxes dues and payable in the Spring of 2021. The closing will be handled by Randolph County Abstract and the closing fees associated with the closing will be split equally between the seller and buyer(s). Seller will provide title insurance to the buyer(s). Buyer to get possession of the property within 30 days after closing by 5 PM (ET). --- EXECUTION OF PURCHASE AGREEMENT: The successful bidder has earned the right to make an offer to the seller; no sale has been completed. The bidder will be required to execute a Real Estate Purchase Agreement immediately following the close of the auction. Buyer's offer expires at 11:59 P.M. (local time) one day after the auction date, unless Seller timely accepts it; the Earnest Money will be returned if Seller does not accept the successful bid, subject to any required approval. Offers can be made and executed electronically or in person at RE/MAX EVOLVE. 112 S Meridian St. Winchester, IN 47394. --- TAXES: Buyer shall assume and pay real estate taxes due and payable ins SPRING OF 2021. --- GUARANTY: Any individual submitting a bid or signing the Purchase Agreement on behalf of any entity agrees to be individually bound by all these terms and conditions and individually responsible for payment of the Earnest Money and the balance due. --- POSSESSION: The possession of the Property shall be 30 days after closing, subject to tenant’s rights, by 5:00 P.M. --- SURVEY: The Seller has a legal description for the property so no survey will be provided. If a survey is requested, it will be paid for by the Buyer. --- TITLE POLICY: A preliminary title policy has been prepared by Randolph County Abstract, which will be preparing the final title policy plus conducting the Closing. Seller and Buyer agree to use Randolph County Abstract. --- CLOSING: Balance of the purchase price is due in cash at closing, which will take place on or before the Thirtieth (30th) day following the Accepted Date. The fee charged by any closing agent, including an attorney acting as a closing agent for both parties will be paid for by the buyer's premium. If the Buyer's lender acts in such capacity, for closing services that require payment, payment will be made by the buyer. Closing and title services will be provided by Randolph County Abstract. --- AUCTIONEER RESERVES: Auctioneer Reserves the right to make changes to an auction, to split or combine lots, cancel, suspend or extend the auction event. ---- SPECIAL NOTE: STATEMENTS MADE THE DAY OF AUCTION TAKE PRECEDENCE OVER PREVIOUS PRINTED MATERIALS OR ANY PREVIOUS ORAL STATEMENTS
Auction Terms & Conditions This auction is a cash - only sale and buyer, if the offer is accepted, is required to submit proof of funds within 24 hours after being notified of offer being accepted. Buyer(s) accepts and acknowledges they are purchasing the property "as-is" and are encouraged to contact the auction company at 765.595.0414 to view and inspect before placing any bids to purchase. Bidding is not contingent upon financing or inspections. Real estate will sell with seller confirmation. The seller reserves the right to accept or reject any bid. Proof of funds due with 24 hours after being notified that offer was accepted and a non-refundable earnest money deposit of $1,000.00 is due to RE/MAX Evolve, 112 S Meridian, Winchester, IN 47394 within 48 hours after being notified offer was accepted. Buyer to assume taxes dues and payable in the Spring of 2021. The closing will be handled by Randolph County Abstract and the closing fees associated with the closing will be split equally between the seller and buyer(s). Seller will provide title insurance to the buyer(s). Buyer to get possession of the property within 30 days after closing by 5 PM (ET). --- EXECUTION OF PURCHASE AGREEMENT: The successful bidder has earned the right to make an offer to the seller; no sale has been completed. The bidder will be required to execute a Real Estate Purchase Agreement immediately following the close of the auction. Buyer's offer expires at 11:59 P.M. (local time) one day after the auction date, unless Seller timely accepts it; the Earnest Money will be returned if Seller does not accept the successful bid, subject to any required approval. Offers can be made and executed electronically or in person at RE/MAX EVOLVE. 112 S Meridian St. Winchester, IN 47394. --- TAXES: Buyer shall assume and pay real estate taxes due and payable ins SPRING OF 2021. --- GUARANTY: Any individual submitting a bid or signing the Purchase Agreement on behalf of any entity agrees to be individually bound by all these terms and conditions and individually responsible for payment of the Earnest Money and the balance due. --- POSSESSION: The possession of the Property shall be 30 days after closing, subject to tenant’s rights, by 5:00 P.M. --- SURVEY: The Seller has a legal description for the property so no survey will be provided. If a survey is requested, it will be paid for by the Buyer. --- TITLE POLICY: A preliminary title policy has been prepared by Randolph County Abstract, which will be preparing the final title policy plus conducting the Closing. Seller and Buyer agree to use Randolph County Abstract. --- CLOSING: Balance of the purchase price is due in cash at closing, which will take place on or before the Thirtieth (30th) day following the Accepted Date. The fee charged by any closing agent, including an attorney acting as a closing agent for both parties will be paid for by the buyer's premium. If the Buyer's lender acts in such capacity, for closing services that require payment, payment will be made by the buyer. Closing and title services will be provided by Randolph County Abstract. --- AUCTIONEER RESERVES: Auctioneer Reserves the right to make changes to an auction, to split or combine lots, cancel, suspend or extend the auction event. ---- SPECIAL NOTE: STATEMENTS MADE THE DAY OF AUCTION TAKE PRECEDENCE OVER PREVIOUS PRINTED MATERIALS OR ANY PREVIOUS ORAL STATEMENTS --------------------------------------------- ------------------------------------------ Terms Of Use

Seller User Terms

Bidder User Terms
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 5,000.00 100.00 USD
5,000.01 - 10,000.00 200.00 USD
10,000.01 - 50,000.00 250.00 USD
50,000.01 - 75,000.00 600.00 USD
75,000.01 - 9,999,999.99 10,000.00 USD
Currency USD
Buyer Premium Online Only Premium
Payment Terms
Earnest money in the amount of $1,000.00 due within 48 hours of the auction closing. Remaining balance due at closing.
Buyer will take possession of property within 30 days after closing.