REAL ESTATE AUCTION!

2311 W. Commerce Rd.
Milford, Michigan 48380

Friday, OCTOBER 15, 2021

Open House Sunday, October 3 from 4 p.m. - 5:30
Open House Sunday, October 10 from 4 p.m. - 5:30
Auction: Friday, October 15, 2021

WELCOME HOME!

We are honored to present to you this 1,936 sq. ft. ranch home nestled on 2.66 rolling acres in beautiful Milford, Michigan.

This setting has an abundance of great uses for anyone looking for a piece of the country while being just moments away from all major local expressways, great shopping, and dining. And just a couple minutes away from the historic Village of Milford which has many popular shops, fine dining, parks, concerts, festivals, and much more.

The home and the property have many desirable characteristics.  One of the highlights is the spacious sunroom which is the perfect setting for peace and relaxation.   It's a great common area perfect for entertaining, reading, dining and simply enjoying your acreage and treeline from an elevated view.

Just off the kitchen is a hot tub with a wooden privacy fence that connects with a rock garden and wooden deck.

One of the great features of this property is the pole barn which is ideal for the hobbyist, mechanic or anyone that desires a creative space for tinkering and creating.   There is also an attached fenced-in dog run which can also double as a small child play area.

We'd have to call it a 'bonus' that this property is in the path of many colorful hot air balloons that frequent the area.   

You need to see this home in person and imagine the countless possibilities for your family.


Legal Description:
T2N, R7E, SEC 5 PART OF SE 1/4 BEG AT PT DIST N 796.85 FT FROM SE SEC COR, TH S 89-49-00 W 247.50 FT, TH N 528 FT, TH N 89-49-00 E 247.50 FT, TH S 528 FT TO BEG EXC N 60 FT TAKEN FOR COMMERCE RD 2.66 A2-21-95 FR 016

Public Impr.: Paved Road, Electric, Gas
Topography: Rolling
Neighborhood: RT1 E.C.F. Table RT1
School: 63220 HURON VALLEY SCHOOLS
IT Only: POST
Gov. Unit: L Township of Milford Prev. Taxable Status TAXABLE T
Estimated TCV: Tentative
Basement Walls: Block Basement
Area: 388
Garage Area: 845
Ground Area: 1,936
Floor Area: 1,936
Full Baths: 1
Half Baths: 0
# of Bedrooms: 4
Electric - Amps Service: 200
Heating System: Forced Air w/ Ducts
% Good (Physical): 60
Exterior: Alum., Vinyl Style:
Ranch Class: C-5
Occupancy: Single-Family
Year Built: 1955
# of Residential Buildings: 1 

THE AUCTION PROCESS: FREQUENTLY ASKED QUESTIONS

For hundreds of years, real estate has successfully sold at auction. The majority of the real estate auctions today DO NOT result from the foreclosure of distress situations, but rather are the result of a seller choosing a cost-effective, accelerated method to sell a property.

An auction allows the seller to eliminate virtually all long-term carrying costs, passing the savings directly to the purchaser in the form of a reduced price.  The result is a win-win situation: sellers obtain immediate cash and buyers purchase properties at fair market value, the price determined by open, competitive bidding.

WHY IS THIS PROPERTY BEING SOLD AT AUCTION?   The auction method of selling this real estate is preferred by the family.  They wish to expedite the sale of the real estate due in part to their out-of-town commitments.

DO I NEED TO BE “PRE-QUALIFIED” TO BID?  

No. However, it is important that should you become a successful bidder that you will be able to satisfy the balance within 30-days after the auction.   It is important to note that the sale of the home is sold without contingencies – including your ability to obtain financing.  If you are unable to close within 30 days after the auction, you will forfeit your $25,000 earnest money deposit that you put down on auction day.

I WANT TO BID.  WHAT DO I NEED TO DO?

1.      *  First of all, you should do your due diligence before registering to bid.   Learn all you can about the property. Attend the Open House (s). Ensure that your funds are secure so you can close within 30 days after the auction.

2.       * Understand that this is a cash sale.  No special financing is available such as a Land Contract or FHA Loans etc.

3.       * Obtain a $25,000 cashier’s check made payable to yourself

4.       * It’s time to register for the auction by completing a bidder's contract.   This form is available for download on this page. We recommend that you complete this registration before auction day.  However, you can register on the day of the auction.

5.       * Auction Day!  The live auction will take place at the residence.  No Internet bidding is available.  You must be a registered bidder to witness the actual auction.    The professional auctioneer will open the bidding, and you will have ample opportunity to bid a higher increment.   When the bidding has concluded, it is likely the home has a new owner.

6.      *  The successful bidder will now sign a Purchase Agreement and endorse the back of their Cashier’s Check.  The paperwork will go to the Title company for processing.  You will have 30-days to finalize your transaction.   Time is of the essence.

BENEFITS TO YOU – THE BUYER

·         * Smart investments are made as properties are usually purchased at fair market value through competitive bidding

·      * The  buyers know the seller is committed to sell

·        *  Buyers determine the purchase price

·         * Auctions eliminate long negotiation periods

·         * Auctions reduce time to purchase a property

·         * Purchasing and closing dates are known

·         * Buyers know they are competing fairly and on the same terms as all other buyers

·         * Buyers receive comprehensive information on property via due diligence information such as what we are doing here.

BROKER PARTICIPATION IS WELCOME.  CONTACT US TO REGISTER YOUR CLIENT