2011 Washington Ave
New Orleans, LA 70113
  • MLS ID:Click for MLS Pics
  • Type:Multi-Family
  • Beds:2
  • Baths:2
  • Size:1,150 Sqft
  • Lot:0.05 Acres
  • Year Built:1942
Description: *** $5,000 BUYER-PAID PREMIUM ON THIS PROPERTY *** Also, despite the boilerplate language (in bold text) in the next section stating the seller may accept an offer early... NO OFFER WILL BE ACCEPTED BEFORE END OF THE BIDDING DEADLINE & NO OFFER WILL BE ACCEPTED THAT WAS NOT PART OF THE ONLINE BIDDING.
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.

Terms and Conditions of Sale:
Type of Sale: Traditional
Acceptable Financing: CASH ONLY
Earnest Money Deposit: 5%
Days to Close: 21
Other Information: *** A $5,000 BUYER PREMIUM WILL BE PAID BY BUYER. THIS FEE IS IN ADDITION TO THE PURCHASE PRICE *** PLEASE READ FULLY and text questions to 314.223.0017 or 314.973.5263 after hours. 1) Despite the above (bold-text) boilerplate language to the contrary: NO OFFER WILL BE ACCEPTED BEFORE END OF THE BIDDING DEADLINE & NO OFFER WILL BE ACCEPTED THAT WAS NOT PART OF THE ONLINE BIDDING. 2) All offers will be visibly posted here per seller's request, 3) When the online bidding period ends, the top bids will be invited to submit their HIGHEST & BEST offer on a Realtor-approved forms, 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 + backup. 6) ONLINE BID/OFFER DEADLINE: 12:30 pm on *Wednesday 11/14/2018*. 7) We recommend making a "practice" bid of $60K prior to the bidding deadline. (Realtors, please disregard the system-generated PDF documents if they are not part of your local board forms)
Status: Pending
List Price
Minimum Bid
Days to
Home Sale
EMD Cash

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

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%".)

Jack Walsh & Assoc
6565 N. MacArthur Blvd
Dallas, TX 75039
(214) 624-5100
$75,500 CASH $0 $0 14 No 10% $70,000 N/A 100% $75,500
Valmont Realtors
4530A Magazine Street
New Orleans, LA 70115
(504) 525-3067
$75,100 CASH $0 $0 30 No 10% $70,000 N/A 100% $75,100
Galiano Realty
3441 Canal St
New Orleans, LA 70119
(504) 256-6312
$60,000 CASH $0 $0 20 No 1% $60,000 N/A 0% $60,000
1 West Walling Dr
St. Louis, MO 63141
(314) 576-1476
$60,000 CASH $0 $0 20 No 5% $60,000 N/A 100% $60,000*
* These offers have attached comments or conditions (Click the bid's net offer figure to read).
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