ONLINE REAL ESTATE AUCTION
Lake Sumner, NM
OPENS: December 17, 2024 8:00 AM MST
CLOSES: December 31, 2024 12:00 PM MST
47 Aspen Lane – Lake Sumner, NM 88119
LEGAL Description:
SUBD: Sumner Lake
Lot:18
BLK:4
Tract:94
North of Sumner Lake Fire Dept.
INSPECTION / PREVIEW
By appointment, please call Kendall Terry 575 760 3960
REAL ESTATE INCLUDES:
Residential Size: +/-1455 SF
2 Bedroom
1 Bathroom
Total Electric
New Septic System
Domestic Well
2 outer Storage Buildings
LOT SIZE – .722+/-
(Please see attached survey)
Property Sold AS-IS
NO MINIMUM OR RESERVE – SOLD TO THE HIGHEST BIDDER
ONLINE AUCTION SALE TERMS – REAL ESTATE
The Real Estate is to be sold for Cash and is not contingent upon any matter including Buyer obtaining financing. All financial arrangements must be made prior to sale.
On-Line Bidding offered at proxibid.com/allstar-auction. On-Line Bidders must complete the registration process and be approved at least 24 hrs. prior to the sale.
NOTE: A online Internet Service Fee of Five Percent (5%) will be added to the final bid/sales price of the bid.
Earnest Deposits (10% of Final Bid/Sale Price) are due upon being the successful Bidder which requires signing the Purchase Agreement. The balance will be due at Closing on or before January 27,2025. Please Note that the Closing dates may be adjusted by Title Company.
Buyers are buying this property in “As Is” – “Where Is” condition.
It is disclosed that any Real Estate Agent may bid for themselves or on behalf of a client.
Cooperating Real Estate Broker(s) will receive a sales commission of 2% of the sales price only if prior notification and acknowledgment of online bidding is given to the Real Estate Broker – Town & Country Real Estate.
The Seller and Buyer agree to cooperate with “Each Other” if using a 1031 Tax Deferred Exchange, not to exceed the intended closing.
Seller & Buyer agree to indemnify & hold harmless all Agents and Each Other, as to the environmental condition of this property.
All representations made by Allstar Auction/ Town & Country Real Estate as Seller’s agents are deemed to be correct; however, any potential buyer should rely on their inspections and investigation of the land.
The sale is “Subject to Seller Confirmation; however, it is their intention to sell the property to highest and best bidder.
Bidders must do their investigation and due diligence prior to bidding. The Buyers are buying the property “as is.” The information and maps provided are by the various sources deemed reliable, Town & Country Real Estate & Auctioneers (Agents for the Seller), do not assume responsibility for its accuracy or completeness.
Title: will be issued to the Buyer with a Special Warranty Deed, Free and Clear of all liens and encumbrances, however, subject to Easements and Rights of Way of Record.
Taxes: The Seller will pay all Real Estate taxes to Day of Closing.
Minerals: The Seller will convey all minerals, (if any). Wind and surface rights to be conveyed.
The buyers will be required to sign an Agency Disclosure declaring Town & Country Real Estate & Auctioneers as Seller’s Agents.
Auctioneer may refuse to register or may expel any person who is disruptive, noncompliant, or previously caused a problem for Seller or Auctioneer.
Deposits: The Buyer shall immediately pay to Listed Real Estate Title Company’s Trust Account the Deposit(s) on each Tract as advertised. The Deposit must be in “Good Funds”, USD – (Bank Wire or Cashier’s Check made payable to the Listed Title Company.
Online bidders will be given one eight-hour business day to execute the Sale Contract. The Terms of Auction are incorporated into the Sale Contract which defines the entire agreement between Seller and Buyer. The Terms of Auction complement the Sale Contract and, in the event of any conflict between them, the Sale Contract shall control in all instances. Buyer shall execute the Sale Contract and no addition, deletion, or revision shall be permitted.
Announcements at Sale supersede all prior advertising printed, or oral.