REAL ESTATE AUCTION: 450 South Pearl, Waverly IL 62692 | HiBid Auctions

REAL ESTATE: 450 South Pearl, Waverly IL 62692 4 Bed, 1 Bath, Detached Garage REAL ESTATE AUCTION ONLINE BIDDING! The following real estate Located at 450 South Pearl, Waverly IL 62692 will be sold ONLINE ONLY. 4-bedroom home on a large lot with mature trees and a spacious detached 2-car garage. The home is in need of repairs and cleanup but offers strong potential. Located in the quiet, small-town community of Waverly. Great opportunity to invest and restore! ON LINE AUCTION - PRICE LISTED IS STARTING BID PRICE Bid at BENLADAGE.COM and to see complete auction terms MLS: CA1036665 ONLINE AUCTION DATE: Tuesday June 17th 2025 - 6:00pm cst Bidding will be held online at BENLADAGE.COM OPEN HOUSE DATE: Sunday June 8th 2:00pm - 4:00pm Property can also be viewed by private showing by contacting 217-652-0924 or 217-697-7511 POTENTIAL! Come and look!! Property is being sold "as is", in its present condition with no warranties either expressed or implied. Parcel ID: # 1911219012 Legal Description: RNG/BLK: TWP:0 SECT/LOT: CITY OF WAVERLY SALTERS ADDITION 100FT X 150FT MID PT LT 94 Terms: $2000 down payable within 24 hours of the auction with the balance due at closing within 45 days. 2023 Taxes: $1572.35 Financial arrangements must be made prior to bidding at the auction and a bank letter of credit or proof of funds will required to bid. Buyer will be required to sign into a written contract at close of auction. Property is being sold "as is", in its present condition with no warranties either expressed or implied.' Property is sold at the Owners approval and reserves the right to accept or reject any or all bids. *A 5% Buyer Premium will apply to the high bid A standard closing period of approximately 45 days will allow time for the title company, lender, and other necessary parties to finalize the transaction. Please have all financial arrangements & inspections made prior to bidding. Real Estate Taxes pro-rated up to time of closing. Eddie Carpenter, Jacksonville IL will handle all title work & closing. 3% Realtors Co-Op on Property Auctioneer & Seller will ask for lead base paint, Mold, Radon inspection wavier. Please Read Terms & Conditions prior to bidding. Contact Ben Ladage Auctions with any questions. Want to bid but don't know how? No Problem, contact Ben Ladage Auctions at 217-652-0924 for bidding assistance. We can show you how to bid online or accept phone bids as well! Already working with a Realtor? Great! We welcome broker participation and are happy to work with both you and your agent throughout the auction and closing process. We're committed to making the transaction smooth for all parties involved. The auction is a soft close auction which means that it starts to close at the time stated, however if someone has placed a bid in the last 3 minutes, then this item will stay open for 3 more minutes. This will continue until time is out. Administrator: Eddie Carpenter Ben Ladage, Broker Office Phone - 217-652-0924 Managing Broker: The Real Estate Group Go to www.benladage.com for pictures! Property can also be viewed by private showing by contacting 217-652-0924 or 217-697-7511 Property Sold As-Is not subject to inspection Property to be sold with Sellers Approval A 5% Buyer Premium will apply to the high bid. Contact Ben Ladage Auctions 217-652-0924 or email auctions@benladage.com with any questions ---------------------------------------------------------------------------------------------------------------- How Does the Real Estate Auction Work? Participating in a real estate auction is similar to a traditional real estate transaction, but with a few key differences. Here's how the process works: 1. Auction Ending Date and Final Price Determination o The auction will conclude on June 17th, at which point the highest bid will determine the final price. o The seller reserves the right to accept or decline the final bid, even after the auction ends. 2. Contract Signing o Once the final price is accepted, we will execute a standard real estate purchase contract. o The property will be sold "as-is", and an "as-is" addendum will be included in the contract, meaning the buyer accepts the property in its current condition without requiring repairs or modifications by the seller. 3. Financing Options o Buyers may finance the purchase through a mortgage lender or complete the transaction using cash. o If financing is involved, buyers should ensure they are pre-approved by their lender prior to the auction to avoid delays or complications. 4. Closing Period o A standard closing period of approximatel days 45 will allow time for the title company, lender, and other necessary parties to finalize the transaction. 5. Additional Considerations o Inspection Period: Buyers are encouraged to inspect the property prior to the auction date. The property is sold "as-is," so all due diligence must be completed in advance. o Earnest Money Deposit: $2,000 earnest money deposit within 24 hours of the auction's conclusion. o Auction Terms and Conditions: Bidders should carefully review the terms and conditions of the auction before participating to ensure a full understanding of the process and their responsibilities. 6. Questions or Concerns o If you have any questions about the property, auction process, or transaction details, feel free to reach out to Ben Ladage, a licensed real estate broker and auctioneer. o Already working with a Realtor? Great! We welcome broker participation and are happy to work with both you and your agent throughout the auction and closing process. We're committed to making the transaction smooth for all parties involved.