6604 Herbert Road
Colleyville, TX 76034
$400,000 
Property Image: No image description provided.
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Property Image: No image description provided.
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  • MLS ID:CLICK FOR MORE PICS
  • Type:Single Family Detached
  • Beds:5
  • Baths:6
  • Size:5,800 Sqft
  • Lot:0.46 Acres
  • Year Built:2018
Description: Buy the lot, get the existing shell of new home – FREE! Walk the property at will. Builder ran out of money and cannot complete the project. Successful buyer will receive full set of plans once under contract. Retail finished product = $1.25M+ (depending on finish level). HVAC & plumbing rough-in is complete. Cost to complete = $300K+/- depending on finish level and each builder’s costs of labor, materials, overheads and profit expected. Buy it. Finish it. Profit!
IMPORTANT INFORMATION: Participation in the bidding process is NOT binding for either party. Once the offer collection period has expired and the seller has evaluated all bids, the listing agent will contact the bidder with the most attractive bid and invite a formal, traditional offer. (NOTE: The seller can stop collecting bids and accept an offer at any time before the clock expires, so the buyer who waits to submit their best offer risks losing the property at a moment's notice.)

Terms and Conditions of Sale:
Type of Sale: Traditional
Acceptable Financing: CASH ONLY
Other Information: Click MLS link at top of page to view MLS listing with photos. NO BUYER ACQUISITION PREMIUM ON THIS PROPERTY! PLZ READ FULLY and text questions to 314.973.5263: 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) When the online bidding period ends, the top bids will be invited to submit their HIGHEST & BEST offer on a Realtor-approved form. 3) Formal offers will be evaluated/vetted for viability to close and fund. 4) The Owner will be presented the 3 top bids and will choose one as primary + backup. 5) ONLINE BID DEADLINE: 12:30 pm on WED 06/27/2018. 6) We recommend making a "practice" bid of $350K well before the bidding deadline. 7) Sight unseen offers or those contingent on approval of a partner are less likely to be accepted. 8) PLEASE DISREGARD THE SYSTEM GENERATED APPRAISAL RIDER BELOW.
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NEGOTIATIONS UNDERWAY
OFFER PERIOD
E X P I R E D
Status: Pending
List Price
$400,000
0
$1,300,000
Minimum Bid
$350,000
Offers
9
Bids
47
Visitors
4
Views
588
Buyer's
Agent
Purchase
Price
Loan
Type
Seller
Subsidy
Home
Warranty
Days to
Close
Home Sale
Contingency
EMD Cash
Down
Seller
Addendum

Seller Addendum

This feature gives the seller the opportunity to tweak the terms of the standard local contract that is the basis of a buyer's offer. By creating this addendum, the seller is outlining changes they seek to the standard local contract and will expect this signed addendum to accompany the winning buyer's formal offer should the buyer agree to the terms outlined within.

If the seller is not requiring acceptance of their terms, buyers may reject the terms outlined in the Seller Addendum and still place their bid, but they should do so knowing that a competing party with a similar offer, which agrees to the seller's terms, may be chosen instead of them to make a formal offer and purchase the property.

Agents should note that while BidLion does provide a general, default template option that allows the listing agent to create a Seller Addendum with ease, the terms within the Seller Addendum are always customized to fit the property and address the seller's wishes. Thus, the terms outlined within the Seller Addendum are, in fact, the seller's terms and should not be thought of as terms that BidLion is advocating in any way.

When creating a Seller Addendum, all agents are advised to make a conscientious effort to outline terms that do not conflict with their local real-estate laws and are fair to both parties of the real-estate transaction.

Appraisal
Addendum

Appraisal Addendum

Low appraisals are becoming more common and can destroy a real estate deal unless the parties involved can mutually agree on a solution should this scenario 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 of paying, or unwilling to pay more than the appraised value. Accordingly, such a Buyer is denoted in this column with "0%".)

NET OFFER
MPL-327
Realty-24
1 W WALLING DR
SAINT LOUIS, MO 63141
(314) 414-1111
$432,000 CASH $0 $0 21 No 1% $350,000 N/A 0% $432,000
KT-616
Keller Williams Realty
1301 S. Bowen Rd.
Arlington, TX 76013
(817) 795-2500
$432,000 CASH $0 $0 14 No 1% $432,000 N/A 100% $432,000
MBB-613
Acquire Building Blocks
550 Reserve St
Southlake, TX 76092
(214) 713-3840
$430,000 CASH $0 $0 16 No 2% $400,000 N/A 0% $430,000
MC-615
M&P Cont.
3412 Palmtree Drive
Mckinney, TX 75070
$412,000 CASH $0 $0 15 No 1% $352,000 N/A 100% $412,000
JFS-612
Scott Realty Group LLC
217 Fountainview Dr
Euless, TX 76039
(817) 366-5645
$350,000 CASH $0 $0 30 No 1% $350,000 N/A 0% $350,000
CN-610
The Noonan Group
4107 Somerset Court
Grapevine, TX 76051
(214) 215-8540
$350,000 CASH $0 $0 21 No 1% $0 N/A 0% $350,000
JGH-608
eXp Realty
9800 Hillwood Parkway, Ste. 140
Fort Worth, TX 76177
(817) 328-1400
$350,000 CASH $0 $0 21 No 1% $350,000 N/A 0% $350,000*
T*-325
Realty-24
1 West Walling Dr
St. Louis, MO 63141
(314) 576-1476
$350,000 CASH $0 $0 21 No 1% $350,000 N/A 100% $350,000*
* These offers have attached comments or conditions (Click the bid's net offer figure to read).
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