3532 100TH STREET
PIERSON, Iowa 51048
What is the Reserve?
The "Reserve" is the minimum selling price established by the Seller of a property prior to the auction. Most properties on Auction.com have an established Reserve. The Starting Bid is usually set below the Reserve. Note: a winning bidder can be declared whether or not the Reserve is met.
Subject to Confirmation: Many properties may be sold outright to the winning bidder once the Reserve has been met. However, for some properties, the winning bid (whether below, equal to or above the Reserve) is subject to Seller confirmation, as noted in the Terms and Conditions for each property. If a property is sold subject to seller confirmation, winning bidders will be notified by Auction.com if their bid was accepted by the Seller.
Property Details
(3532 100TH STREET PIERSON Iowa, 51048)NOTE: The condition of the septic system is unknown. Buyer assumes all responsibility for the system.
Open House Information
Transaction Details
- A Buyer's Premium equal to 5% of the Winning Bid Amount or $1,500 (whichever is greater) will be added to all Winning Bid Amounts to determine the Total Purchase Price.
- If you are the Winning Bidder, an Earnest Money Deposit of 5% of the total purchase price or $2,500 (whichever is greater) is required.
- Buyer will receive a Special Warranty Deed or equivalent.
- Property is being offered as is, where is.
- Buyer representing self will not be paid a broker co-op commission
- Until the seller's reserve price is met, Auction.com may counter bid on behalf of the seller. Counter bidding gives buyers and sellers more flexibility to find a mutually agreeable price. Counter bids do not occur after the seller's reserve price is met. Learn more about reserve pricing.
- Description
- Documents
Auction.com, Inc. Arlene Richardson RE Brkr Lic No. F05393000
What is the Reserve?
The "Reserve" is the minimum selling price established by the Seller of a property prior to the auction. Most properties on Auction.com have an established Reserve. The Starting Bid is usually set below the Reserve. Note: a winning bidder can be declared whether or not the Reserve is met.
Subject to Confirmation: Many properties may be sold outright to the winning bidder once the Reserve has been met. However, for some properties, the winning bid (whether below, equal to or above the Reserve) is subject to Seller confirmation, as noted in the Terms and Conditions for each property. If a property is sold subject to seller confirmation, winning bidders will be notified by Auction.com if their bid was accepted by the Seller.