St Louis, MO 63138
- Type:Single Family Detached
- Size:1,466 Sqft
- Lot:1.03 Acres
- Year Built:1954
Type of Sale: Short sale
Acceptable Financing: Cash, Conventional, FHA 203(k)
Other Information: READ CAREFULLY: $3,900 Buyer-paid premium will be added to the Final Auction Bid Amt to be paid separate from and in addition to the final contract price. Despite boilerplate language to the contrary, NO BID WILL BE ACCEPTED BEFORE END OF THE BIDDING PERIOD AND NO OFFER WILL BE ACCEPTED THAT WAS NOT PART OF THE ONLINE BIDDING. When online bidding ends, the top 3 highest bids will be evaluated for viability to close and fund. Cash buyers with proof of funds only. Once verified, the selected bids will submit formal written offers on Realtor Special Sale Contract. The Lienholder will be presented the three (3) top bids along with a chronological bidding history and will make their final choice regardless of pecking order. BID DEADLINE: 1:00 pm on Thursday 02/03/2016. We recommend making a "practice" bid of $15K in advance before the true bidding starts, usually in the final hour of bidding.PLEASE DISREGARD THE SYSTEM-GENERATED APPRAISAL RIDER (below).
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.)