Auction Details

Albrecht Auction Service L.L.C.
March 13th (Tuesday) - 3 Bedroom Home on 2 lots - Reese, MI - BIDDING OPENS 3/5 AND CLOSES TUESDAY MARCH 13, 2018 @ 6:00 P.M.

Item Description
1.Two Story, 3 Bedroom 1 ½ Bath Home on Two Lots. A great location for this “Fixer Upper” or investment property in downtown Reese (¼ mile off of M81)! Original hardwood floors throughout, some under laminate or carpet, appliances included (Refrigerator, Gas Range, Dishwasher, Washer & Dryer), Forced Air Gas Furnace, Gas Fireplace in Living room, city water and sewer, crawl space, 1 car detached garage with cement floor (22’x15’), shed with cement floor (12’x12’), new natural gas hot water heater in 2011. Current tax bill available on our website. Please call for an appointment to view the home! Address: 9996 North Street, Reese, MI (Tuscola County, Reese Public Schools).
Location: Located in DEN-209, T12N R7E LOT 1 BLK 4 & W ½ OF LOT 17 BLK 4 A M ROGER’S ADD VILL OF GATES NOW REESE. Parcel ID: 042-500-604-0100-00. SEV: $30,900 (at 50%); Taxable Value: $29,145 (at 50%); Taxes Summer $309.16 (2017) Winter $1,098 (2017) Call our office and ask for Drew for details on how the bidding will take place online! Directions: Located 1/4 Mile North of M-81/Reese Road on Reese Road.
Possession: Possession at closing.
Bidding Procedure: ATTENTION: You can Bid your Top Bid in the 'Maximum Bid Box' and the Computer will Bid for You at the Lowest Required Increment as Others Bid Against You. NOTE: THE BID YOU PLACE WILL BE A CONFIDENTIAL MAXIMUM BID. The Computer will bid for you as other bidders bid against you. Note: On the Final Day of the Auction - REFRESH THE PAGE OFTEN to update the timer and current bid price! Call if you need assistance!
9000.ONLINE BIDDING: All bidding will be done Online and is open to the public @ Anyone can watch the bidding throughout the 7-day auction period. Bidders will be required to register for a bidder number unless they are already a current online registered bidder @ Albrecht Realty reserves the right to call a bidder at any time during the auction to question the person’s credentials. Albrecht Realty reserves the right to reject a bid/bidder if believed to be in the best interest of the Seller.
9001.On the final day of the Auction the time remaining will appear to the right of each item along with a 'Refresh Button' When the items are about to start closing: BE SURE TO HIT THE 'REFRESH' BUTTON OFTEN FOR THE MOST UP-TO-DATE BIDS!
9002.BIDDING EXTENSION: If there is Bidding Activity on the Property in the Last 10 Minutes before the Auction Closes, Bidding Time will be Extended for 10 minutes. Bidding will Close on the Property when there is no more bidding activity within the bidding extension (the bidding time 'countdown' is shown next to the bidding box on the last day of the Auction, When bidding is extended, the countdown clock turns Red.).
9003.ACCEPTANCE OF BID: The Seller has the right to a 24 hr. confirmation period to accept the offer following the auction. The high bidder will be called following the auction to determine a time to meet to sign the purchase agreement.
9004.PHONE BIDDING: This is an Online Auction but buyers can place bids over the phone w/ Albrecht Auction if they have made prior arrangements. You can also make arrangements to bid on our computers at the Office in Vassar on Tuesday, March 13th before the Auction closes at 6:00 p.m. Call for Details 989.823.8835.
9005.INSPECTION: This property is being sold As Is, Where Is and all inspections must be completed prior to bidding. Property selling with no contingencies. Any personal belongings left on premises at time of closing will go with the property
9006.10% BUYER'S PREMIUM AND EARNEST MONEY DEPOSITS: A 10% buyer’s premium will be added to the final bid price and become part of the purchase price. EARNEST MONEY DEPOSITS: : The successful bidder must deposit with the auctioneers the day following the auction earnest money deposits in the form of personal or business checks, cashier’s checks or certified checks in the following amounts: 10% deposit of high bid. Checks would be made out to the title company at closing. The deposits will apply to the purchase price at closing. Your bidding is “NOT” subject to obtaining financing. Deposits are non-refundable, so make sure your financing is arranged or you are capable of paying cash at closing.
9007.CLOSING AND POSSESSION: : The closing will be handled by Mid State Title, Vassar, MI. The successful bidder will be required to sign the purchase agreement immediately upon acceptance of offer. The earnest money deposit will be held by the title company. Closing to be approx. 30 days following the auction or as soon thereafter as applicable closing documents have been completed. Possession will be at closing in approximately 30 days.
9008.TITLE INSURANCE: Seller shall provide an Owner’s Policy of Title Insurance to the purchaser.
9009.TERMS: Cash or Conventional Mortgage at closing.
9010.DIVISION RIGHTS & EASEMENTS: All division rights (splits) will transfer to the buyer. EASEMENTS: : This Alley was abandoned in 2008 and is now used as part of the lot. Any Future Building Projects are subject to Village of Reese Zoning. Sale of property is subject to any and all easements of record.
9011.PROPERTY AND TRANSFER TAXES: : Property taxes will be prorated to day of closing per local custom. State and County Transfer Taxes will be paid by the Seller.
9012.AGENCY: Albrecht Realty, L.L.C. and its representatives are Exclusive Agents of the Seller.

Auction Warehouse / Main Office
875 State Rd, PO Box 50
Vassar, MI 48768
Phone: 989.823.8835
Fax: 989.823.2543

Auction Center
3960 W Saginaw Rd
Vassar, MI 48768
Phone: 989.823.8835