Fixer-upper in a great location in Sarasota. One block from Ursher Park, 20 minutes from Siesta Key, and close to all the conveniences of shopping, hospitals, and I-75. This cozy home has plenty of charming and unique features that would make this the perfect Florida Getaway or Starter House! In-ground Spa, covered lanai, covered front porch, carport, fenced in yard, and a shed with electricity are just a few of the exterior features that you can take advantage of year-round. Inside the home the vaulted ceilings allow for light to flow throughout and make it easy to see all the unique properties: Hardwood floors in the bedrooms and living areas along with custom built-ins; Tiled entry, kitchen, bathroom and Florida room; Cabinets and closets for ample storage. Bring your personal touches to make this one-of-a-kind charmer your own!

This property is available IMMEDIATELY for Pre-Auction offers up until to 2pm the day BEFORE the auction start date.

Property is to be sold in its current “AS-IS” condition.

---CASH ONLY, no financing contingency---

ALL Bids and Pre-Auction Offers are subject to a 6% Buyer’s Premium.

Seller is the Listing Agent and is a licensed Florida real estate agent.

*****A 6% “Buyers Premium” will be added to the “Winning Bid/Offer”*****

*Seller is the Listing Agent and is a licensed Florida real estate agent.
 

SALE TERMS:

• Sold AS IS with right to inspect
   
• EARNEST MONEY DEPOSIT: Earnest Money Deposit will be equal to $2500 or 1% of the “Total Purchase Price”, whichever is greater, due 3 days from the “Effective Date” of the “Contract”.
   
• CLOSING DATE: Closing Date will be 30 days from “Contract” date.
   
• FINANCING: CASH ONLY, no financing contingency.
   
• TITLE: Buyer pick and pay title: Bidder/Buyer will choose the Title Company/Escrow Agent and pay for owner’s policy and charges and charges for closing services related to Buyer’s lender’s policy, endorsements and loan closing.
   
• INSPECTION: Buyer will have 10 days from the “Effective Date” of the “Contract” to perform any desired inspections.
   
• BUYER'S PREMIUM: A 6% “Buyers Premium” will be added on top of the “Winning Bid” to calculate the “Total Purchase Price”. (see attached Auction/Pre-Auction Offer Addendum”)

Pre-Auction Offers:

• This property is available IMMEDIATLY for "Pre-Auction Offers up until to 2pm the day before the auction start date.
   
• BUYER'S PREMIUM: “Pre-Auction Offers” are subject to a 6% “Buyer’s Premium” which will be added on top of the offer amount to calculate the “Total Purchase Price”. (see attached Auction/Pre-Auction Offer Addendum”)
   
• SUMITTING A PRE-AUCITON OFFER: Contact the Listing Agent directly: Kim Snow, (941) 315-3194, kimsnowrealtor@gmail.com to submit a “Pre-Auction Offer” up until 2pm the day BEFORE the auction start date or ask your Buyer’s Agent to send your “Pre-Auction Offer” directly to the Listing Agent up until 2pm the day BEFORE the auction start date.
   
• BUYER'S AGENT: If a Buyer submits a “Pre-Auction Offer” directly to the Listing Agent WITHOUT a Buyer’s Agent, the Listing Agent will work with the Bidder/Buyer in a No Brokerage Relationship* to facilitate the purchase. *The Listing Agent is the Seller. In order for the Bidder/Buyer's choice of Buyer's Agent to be elligable for the Buyer's Agent commission, the agent MUST be registerd as a Buyer's Agent (refer to the “ Bidder & Buyer Agent Registration” section below). Having a Buyer’s Agent is NOT required for a Bidder/Buyer to make a Pre-Auction Offer, Bid or Purchase.
   
• NO "Pre-Auciton Offers" will be accepted AFTER 2pm the daye BEFORE auction start date. Once the auction has started, ALL bids MUST be placed through this online auction portal and NO “Pre-Auction Offers” will be accepted.
   
• If a "Pre-Auctions Offer" is accepted by the Seller, the auction will be delayed. If then the property successfully closes from that accepted offer, the auction will then be canceled.

Bidder & Buyer’s Agent Registration:

• BIDDER REGISTRATION: ALL Bidders or Buyer’s Agents bidding on behalf of a Bidder MUST register first before bidding: once the auction starts, click the “BID NOW” button above OR click the "BIDDER REGISTRATION" button above (top right) to REGISTER AS A BIDDER.
   
• BUYER'S AGENT REGISTRATION: ALL Bidders with an existing Buyer’s Agent relationship that wish that their choice of Buyer's Agent receivse the Buyer’s Agent commission -OR- Buyer’s Agents who are NOT bidding on behalf of a Bidder but instead are having their Buyer bid directly online by themselves: click the “BUYER’S AGENT REGISTRATION” button above to REGISTER A BUYER’S AGENT to ensure that the Buyer's choice of Buyer's Agent receives the Buyer’s Agent Commission.
•  
• BUYER'S AGENT: If a Bidder/Buyer does NOT have a Buyer’s Agent and/or NO Buyer’s Agent is registered for a Bidder/Buyer, the Listing Agent will work with the Bidder/Buyer in a No Brokerage Relationship* to facilitate the purchase. *The Listing Agent is the Seller. In order for the Bidder/Buyer's choice of Buyer's Agent to be elligable for the Buyer's Agent commission, the agent MUST be registerd as a Buyer's Agent (refer to the above line item). Having a Buyer’s Agent is NOT required for a Bidder/Buyer to make a Pre-Auction Offer, Bid or Purchase.

Bidding Process:

• Bidders/Buyers can bid online themselves OR Buyer’s Agents can bid online on behalf of their Bidder/Buyers, anytime from the beginning until the end of the published auction dates (refer to the “ Bidder & Buyer Agent Registration” section above). "Pre-Auction Offers" can be made directly to the Lisitng Agent up until 2pm the day BEFORE the auction start date. 
   
• Once the bidding opens, everyone will have access to the bid history during the auction.
   
• BUYER'S PREMIUM: When bidding, keep in mind that a “Buyer’s Premium” in the amount of 6% will be added on TOP of any  “Bid Amount” to equal the “Total Purchase Price” due from Bidder/Buyer at closing.
   
• AUTO EXTEND: As the auction nears the ending time it will auto-extend until bidding is silent for 2 minutes.
   
• If you are outbid by another bidder, you will receive an email notice so you can return and increase your bid if you so desire.
   
• If there is more than one high bid at the same level (a tying bid), the bid first submitted will be honored.
   
• To bid on this property, you must be of legal age to enter into contract to purchase real estate (18 in most states, 21 in others). If you're in doubt about the legal age to enter into contract in your state, please consult with competent legal counsel before bidding.
   
• All bids are placed in US Dollars.
   
• HIGHEST BID: The “Highest Bid” is subject to Seller Approval, this auction is NOT absolute.
   
• SELLER APPROVAL: All bids are subject to Seller Approval. Seller reserves the right to a final review of all bids received and may ACCEPT or REJECT or COUNTER any bid.
   
• Seller reserves the right to postpone or cancel this auction at any time for any reason.

“Winning Bid” Process:

• The “Winning Bid” will be notified with 24 hours of auction close.
   
• WINNING BID: Within 24 hours of the “Winning Bid’s” notification, the “Winning Bidder” will be asked to provide a loan pre-approval (financing) or proof of funds (cash) in the amount of the “Total Purchase Price”, including the 6% “Buyer’s Premium”, and will be asked to sign a Purchase and Sale Contract (“Contract”).
   
• The “Total Purchase Price” on the “Contract” will include the “Bid Amount” plus the 6% “Buyer’s Premium”. The “Total Purchase Price” is the amount due at closing from Bidder/Buyer via a mortgage loan or cash, less any buyer closings costs, prepaids and prorations.
   
• EARNEST MONEY DEPOSIT: Within 3 days of the “Effective Date” of the “Contract”, the Buyer/Bidder will deposit the Earnest Money Deposit with the Title Company/Escrow Agent.
   
• CLOSING: Closing will take place at the agreed upon Title Company/Escrow Agent.

Buyer’s Agent Commission:

• Buyers Agent commission of 2.5% is being offered.
   
• BUYER AGENT REGISTRATION: In order to be eligible to receive the Buyer’s Agent commission, a Buyer’s Agent with an active Florida real estate license MUST be registered online by either the Bidder/Buyer or the Buyer’s Agent themselves by clicking the “Buyer’s Agent Registration” button above.
   
• In the event that more than one Buyer’s Agent is registered for a single Buyer/Bidder, the first Buyer’s Agent registered by the Buyer/Bidder will be honored.

***The agreed upon “Terms” of the final executed Contract will overwrite these online “Terms”*** 

-DEFINITIONS-

Pre-Auction Offers: Written offers submitted directly to the Listing Agent during the timeframe that the auction is NOT active, up until 2pm on the day BEFORE the start date or AFTER the end date of an unsuccessful auction.

Bid Amount: Amount the bidder wants to Bid LESS the 6% “Buyer’s Premium” and LESS Buyer’s closing costs, prepaids, and prorations.

Highest Bid/Bidder: The bid/bidder with the highest bid amount at the close of the auction.

Winning Bid/Bidder: The bid/bidder whose bid is approved and accepted as the winner by the Seller after the Seller’s final review.

Contract: The Purchase and Sale Contract

Total Purchase Price: The Bid Amount plus the 6% Buyer’s Premium. The amount due at closing from Buyer less any Buyer closings costs, prepaids and prorations.

Effective Date: The date when the last one of the Buyer and Seller has signed the Purchase and Sale agreement along with all Addendums and it has been delivered to both the Buyer and the Seller.