St Louis, MO 63129
- Type:Single Family Detached
- HOA Fee:$125 Annually
- Size:1,239 Sqft
- Lot:0.18 Acres
- Year Built:1977
- Heating:Natural Gas
- Basement:Unfinished, 1,239 Sqft
- Garage:Attached, 2 Car
Type of Sale: Short sale
Acceptable Financing: Cash, Conventional, VA, USDA, FHA, FHA 203(k)
Earnest Money Deposit: 1%
Other Information: ATTENTION: The NET OFFER amounts below already include the 5% buyer premium (see above explanation (HINT: divide the Net Bid Amt by 1.05 to know the buyers actual offer amt). Also, despite boilerplate language to the contrary, NO BID WILL BE ACCEPTED PRIOR TO THE COMPLETION OF THE AUCTION PERIOD. Upon end of bidding period, the TOP 3 successful bidders will be evaluated for viability to close and fund. Once approved, formal written offers using Special Sale Contract will be generated. Please specify whether you intend to waive or conduct inspections. 3 day max for inspections or next offer in line will move to primary. DISREGARD THE SYSTEM GENERATED APPRAISAL RIDER.
Low appraisals are becoming more common and can destroy a real-estate deal unless the parties involved can mutually agree on a solution. In the event the seller has chosen not to establish the value of their property in advance, there may be a possibility this scenario could occur.
For such cases, BidLion has created the Appraisal Addendum feature, which allows the buyer to express their capability and/or willingness to work through this problem with the seller should it occur after contract ratification. This eliminates surprise, gives both parties clarity on what will happen should the situation arise, provides the buyer with yet another tool to separate themself from the competition, and provides the seller with yet another tool to evaluate that competition.
(NOTE: The Appraisal Addendum is not required and is irrelevant to the buyer who is incapable or unwilling to pay more than the appraised value. It is simply provided here for everyone else to download.)