WORLDBID AUCTION | JANUARY 21ST, 2025 NOON PT

ESTIMATED SALE PRICE RANGE $1M -$1.6M

PREVIOUSLY LISTED FOR $1,995,000

PRE AUCTION: BIDS DUE NOW THRU JANUARY 7TH, 2026
AUCTION: QUALIFYING ROUND BIDS DUE PRIOR TO OR ON JANUARY 14TH – 21ST, 2025 NOON PT

PRE AUCTION OFFERS

• A Buyer may elect to submit a Pre Auction rather than participate in Auction bidding.
• Pre auction offers may be submitted on a standard CAR (California Association of Realtors) purchase contract. Pre Auction offers may have any contingency a buyer requests.
• A Pre Auction offer must be submitted no later than January 7th, 2026. The offer will state the buyer will remove all contingencies no later than January 13th, 2026 or close escrow by that date. If the Buyer removes contingencies or closes escrow no later than January 13th, 2026, the auction will be canceled.
• The Pre Auction offer must include the Buyer’s Premium of 3%.
• No exceptions to the date deadlines will be accepted.
• The buyer must provide a 10% deposit with their offer, proof of funds to close the purchase and a lender approval letter (if applicable).

AUCTION DAY BIDDING:

• Your Sealed bid must be submitted on the Worldbid Sealed Bid auction purchase contract.
• Qualifying round bids are due on January 21st, 2025 Noon PT and must be emailed mmische@braunco.com.
• The top 50% bids (by price) of the qualifying round bids received, those bidders will be notified by January 21st, 2026 Noon PT, they are approved to submit their final bid.
• The bidders, which have qualified to bid in the Final Bid round, their bid is due on January 22nd, Noon PT.
• Both the qualifying and final round bids must be provided on the Worldbid Sealed Bid auction purchase contract.
• Escrow Shall close no later than February 21st, 2026 or may close in 2025.
• The Sealed Bid auction purchase is available.

AUCTION BIDDING REGISTRATION REQUIREMENTS

• Proof of funds in the amount of the bid in the name of the buyer.
• Lender approval letter (if the buyer is obtaining financing).
• Contact Braun Worldbid for wiring instructions.
• A 10% deposit is required within 48 hours of bid acceptance.
• Title is with Priority Title Company.
• Escrow is with Escrow of the West.

OTHER TERMS

• A 2% commission will be paid to the real estate agent/broker who registers and represents the buyer who purchases the property.
• A 3% buyer’s premium will be paid by the buyer.
• The property will be conveyed free and clear of liens and encumbrances save and except for the permitted exceptions which may include any existing easements, rights of way, prescriptive rights whether of record or not, recorded existing restrictions, covenants, conditions, oil and gas leases, mineral interests, water interests outstanding in person other than Seller and other instrument, other than conveyances of the surface fee estate that affect the property, validly existing rights of adjoining owners in any walls and fences situated on a common boundary, any discrepancies, conflicts, or shortage in area or boundary lines, any encroachments or overlapping of improvements, all right, obligations and other matters arising from existing by reason of any applicable governmental district, agency or authority, any liens as to which the title insurer shall provide coverage under the terms of its policy, including special endorsements and current taxes will be pro-rated as of the date of closing.

DUE DILIGENCE AVAILABLE

• Preliminary title report
• Property is sold vacant