TERMS ON REAL ESTATE: $10,000 down day of auction on each Tract, balance at closing within 45 days. The real estate will be selling with NO CONTINGENCIES! Possession to be at closing. The taxes and assessments will be prorated to the day of closing.

The Real Estate & Auction Co. represent the seller.

NOTE: These will sell separately and WILL NOT BE OFFERED TOGETHER. Contact the auctioneers, Brandon Arling or Frank Arling, for information packet.

Real Estate Online Auction Terms and Conditions of Sale

Tracy Dodds Estate, Allen County Probate #2022ES281
Tract 1: 1357 Nancy Sue Dr., Lima, OH 45806. Allen County Parcel #46-1703-01-018.000
Real Estate Taxes: $3,219.46/Year

Tract 2: 0 Coon Rd., Lima, OH 45806. Allen County Parcel # 45-1300-01-005.010

Real Estate Taxes: $502.42/Year
No Buyers Premium
Bidding will open Monday, March 24^th, at 7:00 A.M. and will begin ending Wednesday March 26^th, at 6:30 P.M. with a soft close.
Open House/Inspection Wednesday, March 12^th, 5:00-7:00 P.M. or by appointment.

1. Bidders must do all of their due diligence (home inspections, appraisals, etc.) prior to the end of the online bidding. The Sales Contract (Memorandum of Auction Sale Agreement) will not contain any contingencies for these matters. This property is sold AS IS, WHERE IS, and is not subject to any financing. Please view the Sample Contract for any additional or auction specific Terms.
2. The winning bidder must execute the Memorandum of Auction Sales Contract via electronic signature within 24 hours of the close of the auction. A deposit in the amount of $ 10,000.00 shall be made payable to 1^st Call Realty. Wiring instructions will be given to the winning bidder(s). This deposit shall be returned to purchaser upon successful closing of property. If seller fails to perform by the stated terms this deposit shall be paid to the seller and auction sale terminated. In the event buyer defaults the buyer shall be liable under Ohio law for re-listing fees, commissions, legal fees, and any deficiencies.
3. If you are outbid by another bidder, you will receive an email notice so you can return and increase your bid if you so desire.
4. The bidding will be open and everyone will have access to the bid history during the auction.
5. As the auction nears the ending time it will auto-extend until bidding is silent for 5 minutes.
6. If there is more than one high bid at the same level (a tying bid), the bid first submitted will be honored.
7. The high bidder will be notified via email or phone within 2 hours after the auction ends of acceptance of high bid.
8. Bidders have been advised to physically inspect the property on their own behalf.
9. If a residential structure is located on the property that was built before 1978 the winning bidder will be signing a Lead Paint Hazard Disclosure Statement and will waive the opportunity to conduct a risk assessment or inspection for the presence of lead based paint and or lead based hazards inspection under Federal and Ohio law, as they have had opportunity for inspections prior to the close of bidding. The winning bidder agrees to sign the Lead Paint Hazard Disclosure Statement.
10. The winning bidder will sign the Ohio Residential Property Disclaimer Statement if required.
11. The Winning bidder will sign the Memorandum of Auction Sale. A copy of the Memorandum of Auction Sale is available for viewing online.
12. The property will be auctioned in an “AS-IS, WHERE-IS” condition as of the date and time of sale. Arling Auctioneers LLC, 1^st Call Realty, nor the seller(s), their agents, employees or representatives make any expressed or implied warranties of any kind concerning the property and this sale.
13. The information listed in materials describing the property is obtained from sources, which are deemed reliable, but not guaranteed. It is the bidder’s responsibility to verify all property information prior to bid and sale. The decision to purchase or not purchase the property is the sole and independent business decision of each bidder. Auctioneer assumes no responsibility for the condition or property or for the performance of this Contract by any and all parties. Purchaser hereby warrants and represents that Auctioneer has not made any statements, representation or warranty regarding the condition of the premises, zoning conditions, governmental requirements or environmental matters, guarantees or warranties of the like, upon which Purchaser has relied and which is not contained in the Contract. Arling Auctioneers LLC shall not be responsible or liable in any way if the owner fails to honor the bid, or refuses to settle or cannot close in accordance with the Sales Contract.
14. Arling Auctioneers reserves the right to withdraw any property from sale and may cancel any auction sale prior to the start of bidding.
15. Bidding increments are made in amounts acceptable to the Auctioneer, who may set a minimum bidding increment as the sale progresses. Any bid may be rejected by the Auctioneer if it is merely nominal or, at his or her discretion, it may negatively affect the auction process. Auctions will be either Absolute or Reserve. If this is an Absolute Sale, the high bidder shall be the Purchaser. If this is a Reserve sale the seller may accept or reject the high bidder, however; if the bid exceeds the predetermined Reserve Price the auction will become an Absolute auction and will be sold to the high bidder.
16. In the event of a dispute between bidders the Auctioneer in its discretion may determine the successful bidder or re-offer the property for sale.
17. The winning bidder of the sale must sign the sales contract and all applicable forms relating to the sale upon completion of the Auction. At that time an initial deposit will be due from the Purchaser in certified funds.
18. There will be no Buyer’s Premium for this auction.

19. Settlement is to take place within Forty-Five (45) calendar days of the auction sale date. Purchaser should secure any necessary financing if required.
20. By bidding at an auction, whether present or by agent, by written bid or otherwise, bidders shall be deemed to have consented to the jurisdiction of the State and Federal courts of the State of Ohio.
21. Cost of all documentary stamps, transfer taxes and other costs incident to settlement to be paid by the purchaser.
22. If the property is tenant occupied, it will be sold subject to existing tenant in dwelling.
23. The property will be sold in “As Is” condition without express or implied warranty as to the nature and description of the improvements. The property will be sold subject to easements, agreements, restrictions or covenants of record affecting the same, if any. Dimensions and acreage are more or less. Time is of the essence as to the terms of this contract
24. Arling Auctioneers LLC may accept telephone bids from registered bidders at the Auctioneer’s discretion. Phone bids will be placed online under a disclosed name such as “Phone Bidder”.