American Eagle Auction & Appraisal Company
Presents

REAL ESTATE AUCTION!

Monday, August 23, 2021

1685 Linksview Way
at 
Sugar Springs
Gladwin, Michigan 48624

Sugar Springs is renowned for its multi-recreational activities. This home overlooks the majestic Sugar Springs Golf Course.  Ownership will provide you full access to an 18-hold championship golf course, restaurant/pub, fitness center, indoor pool, tennis and bocce ball courts, nature trails that are groomed for walking, activity center, and all-sport lakes, Lace Lancelot and Lace Lancer.  

Real Estate Sells Immediately After The Personal Property Auction

Personal Property Auction Begins promptly at 4:30 p.m.
Real Estate will sell immediately after the personal property is sold

OPEN HOUSE: Friday, August 6, 2021, from 5 to 6:30 p.m.
OPEN HOUSE: Wednesday, August 11, 2021, from 4:00-5:00 p.m.
AUCTION DAY! Monday, August 23, 2021, starting at 4:00 p.m.

HOME DETAILS

20 1W HIGHLANDER REALM NO 2 LOT 230

Parcel Number: 26-060-091-000-230-00

 **IMPORTANT NOTE:  The Butman Township assessors department has been notified of an ERROR we have identified on the tax records of this home.   

The home is currently classified as a 'mobile home' - which is incorrect. 
This is a modular home and we trust this correction will be made by the assessor's department promptly.

THE AUCTION PROCESS: FREQUENTLY ASKED QUESTIONS

For hundreds of years, real estate has successfully sold at auction. The majority of the real estate auctions today DO NOT result from the foreclosure of distress situations, but rather are the result of a seller choosing a cost-effective, accelerated method to sell a property.

An auction allows the seller to eliminate virtually all long-term carrying costs, passing the savings directly to the purchaser in the form of a reduced price.  The result is a win-win situation: sellers obtain immediate cash and buyers purchase properties at fair market value, the price determined by open, competitive bidding.

WHY IS THIS PROPERTY BEING SOLD AT AUCTION?   The auction method of selling this real estate is preferred by the family.  They wish to expedite the sale of the real estate due in part to their out-of-town commitments.

DO I NEED TO BE “PRE-QUALIFIED” TO BID?  

No. However, it is important that should you become a successful bidder that you will be able to satisfy the balance within 30-days after the auction.   It is important to note that the sale of the home is sold without contingencies – including your ability to obtain financing.  If you are unable to close within 30 days after the auction, you will forfeit your $20,000 earnest money deposit that you put down on auction day.

I WANT TO BID.  WHAT DO I NEED TO DO?

1.      *  First of all, you should do your due diligence before registering to bid.   Learn all you can about the property. Attend the Open House (s). Ensure that your funds are secure so you can close within 30 days after the auction.

2.       * Understand that this is a cash sale.  No special financing is available such as a Land Contract or FHA Loans etc.

3.       * Obtain a $20,000 cashier’s check made payable to yourself

4.       * It’s time to register for the auction by completing a bidder's contract.   This form is available for download on this page. We recommend that you complete this registration before auction day.  However, you can register on the day of the auction.

5.       * Auction Day!  The live auction will take place at the residence.  No Internet bidding is available.  You must be a registered bidder to witness the actual auction.    The professional auctioneer will open the bidding, and you will have ample opportunity to bid a higher increment.   When the bidding has concluded, it is likely the home has a new owner.

6.      *  The successful bidder will now sign a Purchase Agreement and endorse the back of their Cashier’s Check.  The paperwork will go to the Title company for processing.  You will have 30-days to finalize your transaction.   Time is of the essence.

BENEFITS TO YOU – THE BUYER

·         * Smart investments are made as properties are usually purchased at fair market value through competitive bidding

·      * The  buyers know the seller is committed to sell

·        *  Buyers determine the purchase price

·         * Auctions eliminate long negotiation periods

·         * Auctions reduce time to purchase a property

·         * Purchasing and closing dates are known

·         * Buyers know they are competing fairly and on the same terms as all other buyers

·         * Buyers receive comprehensive information on property via due diligence information such as what we are doing here.

BROKER PARTICIPATION WELCOME.  CONTACT US TO REGISTER YOUR CLIENT