St Louis, MO 63118
- Type:Single Family Detached
- Size:1,250 Sqft
- Year Built:1908
- Heating:Natural Gas
- Basement:Unfinished, 1,250 Sqft
Type of Sale: Traditional
Acceptable Financing: Cash, Conventional
Other Information: READ FULLY (text questions to 314-223-0017): 1) Despite the above boilerplate language to the contrary: NO OFFER WILL BE ACCEPTED BEFORE END OF THE BIDDING PERIOD & NO OFFER WILL BE ACCEPTED THAT WAS NOT PART OF THE ONLINE BIDDING. 2) $2,000 (Buyer-paid) Acquisition Premium is paid by the buyer. The AP is separate from -and- in addition to your final offer amount. 3) When the online bidding period ends, the top bids will be invited to submit their HIGHEST & BEST offer on a Realtor-approved form. 4) Formal offers will be evaluated/vetted for viability to close and fund. 5) The Owner will be presented the 3 top bids and will choose one as primary + backups. 6) ONLINE BID DEADLINE: 12:30 pm on TUES 8/15/2017. 7) We recommend making a "practice" bid of $25K before the true bidding starts, which is usually during the final 30 minutes. 8) Bidding could enter overtime if a new high bid amount is placed within the final minute. 9) 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.)