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Lindsay, TX - 200 CR 466, Gainesville, TX
Why Buy This Property
- This homesite is the perfect building location for your dream home.
- There is ample space for a commercial size building concealed behind the home.
- The site is over an acre and a half in size.
- Surrounded by some of the most beautiful custom homes in Cooke County
- See the Bidder's Information Packet for building covenants and building requirements
Description
1.53 Acre site.
Legal Description: KUPPER FUHRMANN; LOT 6; ACRES 1.53.
Tax identification Number 55606
Property Location
Offering Strategy
To be Sold Subject to a Minimum Bid of $25,000, Subject to Court Approval - This property will be sold subject to a $25,000 reserve subject to the approval of the 235th Judicial District Court, Cooke County, Texas, Case No. CV21-00066 and the Terms of Sale. This is an online auction event. Bidders are required to sign documents and deposit funds in advance of the auction. Bidders are also encouraged to ask questions in advance of auction day.
In order to bid each bidder must wire or deliver a Cashier's Check for $5,000 as the initial earnest money deposit to Gainesville Title Company before being approved to bid. The deposit will be returned to the unsuccessful bidders. The successful bidder will increase its earnest money to 10% of the Purchase Price by noon on the fifth business day following the auction. Closing will be on or before January 20, 2022. See Bidder's Information Packet for more details.
Renee Y. Jones, Court Appointed Receiver
Inspection Dates
This is vacant land and is available for viewing at your convenience. Inspection of the properties is at your own risk. The seller nor the seller's agent takes responsibility for any injury which may occur while inspecting the property. Please call 312.278.0600 Extension 101 if you have any questions.
Details
Certified Funds To Bid : $5,000
ON-LINE BIDDING INFORMATION & REGISRATION
BIDDER REGISTRATION: REQUIREMENTS TO BID ONLINE: This is an online auction. To register and participate in the auction each bidder must follow the procedures below. We recognize that for many of you, this may be your first time participating in an online real estate auction. If you have any questions or need help registering, please give us a call. We are here to help.
(1) Order the Bidder's Information Packet,
(2) You will also email the Auctioneer a copy of the driver’s license for each buyer who will be signing the bidding documents,
(3) When you are ready to register to bid, start the process by clicking on the “register to bid button” on the property page at www.fineandcompany.com
(4) Then the Auctioneer will send you via DocuSign the Auction Bidder’s Affidavit and Auction Purchase and Sale Agreement to complete and sign online with electronic signatures. Both of these documents are provided in the Bidder’s Information Packet.
(3) You will then wire $5,000 to Gainesville Title Company as your auction deposit,
Once the bidding documents are received and reviewed, and your auction deposit wire transfer is received by Gainesville Title, you will be sent an approval and bidder’s number and will then be able to place bids either through the button on the property information page for this property or by using the Fine and Company App which is available from the Apple Store or Google Play Store free of charge.
See Bidder’s Information Packet or contact us for more information. All documents and the auction deposit must be received no later than 9:00 a.m. Central Time (CT) on the day of the Auction.
The Bidder’s Online Bidding Affidavit certifies the winning bidder authorizes the Auctioneer to fill in the purchase price and calculate the earnest money in the winning bidder’s Purchase and Sale Agreement following winning the bid.
Order Bidder's Information Packet
A Bidder's Information Packet is available in PDF format. To order your Packet click on the link below and download the Bidder's Information Packet Order Form or call us at 312.278.0600 ext. 101
Contact Us
Fine & Company LLC
Renee Jones, CAI, AARE
713-780-2800
rjones@fineandcompany.com
Resources
We recommend our strategic partner National Property Solutions for appraisal and auction services for the monetization of business, corporate or personal assets across a broad list of asset categories in states from coast to coast.
National Property Solutionsis a national leader in the industrial, business, and inventory auction monetization industry providing full service accelerated marketing, auction and appraisal services across dozens of industries throughout North America for public and private corporations, individual owners, and financial institutions. In addition, our extensive network of operational support staff established regional offices, we are committed to working side by side with other auction firms and professionals to ensure success through our partnership services. National Property Solutions also acts as Court Appointed Receiver for real and personal property.
Other Information
Broker Participation : Buyer's Agent participation is invited!
A 2% referral fee will be paid to th REALTOR®/Broker whose registered buyer closes on this property. Please refer to the Buyer Broker registration requirements in the Terms of Sale. Seller has provided a variable commission rate.
Licensing : Fine & Company TX LLC, Licensed TX Broker, Renee Y. Jones Licensed TX Auctioneer
Terms Of Sale : This auction is being conducted subject to the Terms of Sale and Purchase and Sales Agreement contained in the Bidder's Information Packet.
Disclaimer : The Seller, Broker, and Auctioneer and their agents assume no liability for inaccuracies, errors, or omissions in the auction marketing materials, including the Bidder's Information Packet. All square footage, dimensions, real estate taxes, and common area fees, if any, are approximate. All materials are subject to inspection and verification by all parties relying on them. This offering is subject to prior sale and may be withdrawn, modified, or cancelled without notice at any time. This is not a solicitation or offering to residents of any state where this offering is prohibited by law.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap status, familial status or national origin or any other classes under state or local law or intention to make any such preference, limitation, or discrimination.