1. Procedure: Bidding ends Friday, December 4, 2020 at 10:00 AM, with a soft close, meaning that a bid in the final minute will extend bidding by 5 minutes. All bids placed are by the Lump Sum.  

2. BUYERS PREMIUM: 5% Buyer’s Premium will be added to the final bid price to arrive at the contract sales price. 

3. ACCEPTANCE OF BID PRICES: Winning bidder will enter into a Contract to Purchase immediately upon being declared the Successful Bidder by the Auctioneer. Upon the close of the auction, the winning bidder will be forwarded via email a Contract to Purchase. Trophy Properties and Auction must receive a signed copy of the contract on or before 3:00 PM, Friday, December 4, 2020 (hand delivered, faxed, or scanned and emailed). Once accepted, this agreement shall be binding on the parties and their successors and assigns. This agreement is NOT subject to financing, inspections, or other contingencies or delays the closing for such reason. 

4. DOWN PAYMENT: 10% of the contract purchase price will be due upon acceptance of the Sales Contract. Business or Personal Checks or Wire Transfer are accepted.

5. CLOSING: Closing shall be on or before 3:00 PM., Wednesday, December 30, 2020. 

6. POSSESSION: Possession will be given at closing, subject to the remaining rights of the current tenant if any.

7. TITLE: Seller shall furnish the buyer(s) at Seller’s expense an Owner’s Policy of Title Insurance in the amount of the purchase price, and agrees to provide and execute a proper deed conveying merchantable title to the real estate to the buyer(s). 

8. SURVEY: AT SELLERS OPTION, the Seller shall provide a new survey where there is no existing legal description to convey title.  

9. REAL ESTATE TAXES: 2020 Real Estate taxes to be paid by the Seller.   

10. Under no circumstances shall Bidder have any kind of claim against Trophy Properties and Auction, or anyone else if the Internet service fails to work correctly before or during the auction. 

The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines are drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to this property. Both real estate (including all improvements, if any) is being sold As Is, Where Is with NO warranties expressed or implied. Please make all inspections and have financing arranged prior to the end of bidding.

Commercial Building to Positively Sell to the Highest Bidder – Open Bid $10,000.00! 

As we’re settling the estate of our late father, we will be selling our commercial building in Louisburg, MO at an Internet-Only Auction. Sellers: Robert J. Wienert, Co-trustee and Karen J. Grimes, Co-trustee  

Open House Saturday, November 21^st 2 PM to 3 PM.  

Bidding ends Friday, December 4^th at 10 AM.  

This commercial building located at 277 State Highway 64, Louisburg, MO is located just 2 tenths of a mile from the intersection of highways 64 & 65 and 9 miles north of Buffalo. The improvements are on level topography located out of the 10-year flood plain with urban utilities available. The site has good access from the public street and great frontage. If you’re looking to expand a current business, startup, or storage give this property a hard look. 

For more information call or text Eric Merchant at 314-541-1218.