5708 Surrey Square Ln
Dallas, TX 75209
$600,000 
Property Image: No image description provided.
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  • MLS ID:CLICK FOR MORE PICS
  • Type:Single Family Detached
  • Beds:6
  • Baths:6.5
  • Size:3,976 Sqft
  • Lot:0.35 Acres
Description: Teardown/Infill Homesite potential. 0.35 acres in Bluffview. A newly renovated home currently sits on the lot, rehabber is in trouble and wants a quick sale to a builder as a teardown homesite. The seller’s loss is your gain. There is evidence of new construction in the area selling for $2.4M+/-. Great area, close to highways and entertainment, and minutes from Dallas Love Field Airport. Buy the lot, get the home and updates free (vanities, cabinets, counter tops, lighting, etc.) Home is completely livable as-is, although highest and best use for the property is teardown and build new.
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, Conventional, VA, USDA, FHA, FHA 203(k)
Other Information: 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 THUR 06/28/2018. 6) We recommend making a "practice" bid of $650K well before the bidding deadline. 7) Sight unseen offers or those contingent on approval of a partner are less likely to be accepted. 8) 5% ACQUISITION PREMIUM TO BE PAID BY BUYER (THIS IS SEPARATE FROM AND IN ADDITION TO YOUR GROSS PURCHASE PRICE).
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NEGOTIATIONS UNDERWAY
OFFER PERIOD
E X P I R E D
Status: Pending
List Price
$600,000
0
$2,400,000
Minimum Bid
$600,000
Offers
6
Bids
13
Visitors
3
Views
438
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
$700,000 Conv 5%($35,000) $0 45 No $7,245 $70,000 N/A 50% $665,000
HR-619
Ford Co Invest Grp
*
*, TX 75209
(000) 000-0000
$662,000 CASH $0 $0 21 No $6,825 $665,000 N/A 100% $662,000
JW-617
Jack Walsh & Assoc
6565 N. MacArthur Blvd
Dallas, TX 75039
(214) 624-5100
$662,000 CASH $0 $0 21 No $13,671 $700,000 N/A 100% $662,000
CJB-607
cjb REC LLC
4161 Mckinney Ave 4th floor
Dallas, TX 75209
(214) 708-5363
$661,000 CASH $0 $0 30 No $6,878 $650,000 N/A 100% $661,000
SAR-249
Realty-24, Incorporated
1 West Walling
St. Louis, MO 63141
(314) 542-0300
$650,000 Conv 3%($19,500) $600 45 No $13,650 $150,000 N/A 0% $635,400*
* These offers have attached comments or conditions (Click the bid's net offer figure to read).
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