You have the opportunity to purchase land at the foot of Pikes Peak in the Colorado Mountains that is part of the community of Rainbow Valley. This property in Rainbow Valley is on a quite road just off Hwy 67. Through the gate there has already been a driveway excavated and constructed up to a perfect spot for your home or cabin. The lot is on rolling ground covered with mature Pine trees and aspens. Rainbow Valley is on the way to Cripple Creek and is close to Mueller State Park for entertainment and Hiking/Biking. It's also close to Divide and Woodland Park for all your living requirements. This is along the Gold Belt Tour so Aspen viewing in the fall is beyond compare. Come and make this yours before it's gone.
GENERAL TERMS & CONDITIONS: 10% Buyer’s Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $5,000 required 2 days after the sale (February 22th, 2023). Close on or before April 3rd, 2023. Subject to seller confirmation. Property sold as is, where is with any and all faults. Buyer is expected to complete their own due diligence. Auction starts ending at 4 PM MDT on February 20th, 2023. Please note that during the last two minutes of bidding, if a new bid is placed, the clock is automatically extended an additional two minutes. Download Bidder Information Pack for complete terms and conditions, sample purchase contract and maps at www.timberlinerealtyinc.com/auctions
PRE-AUCTION SALES: As an agent for the Seller, the Auctioneer must present any and all bona fide written offers to the Seller, which may be created outside of the online bidding platform. Therefore, all properties are subject to pre-auction sales. Pre-auction offers must meet all of the auction terms and conditions and must be submitted to the Auctioneer on the Auction Real Estate Sales Contract, along with the required earnest deposit. Properly submitted offers will be presented to the Seller in a timely manner. Seller may accept or reject such offer at their sole and absolute discretion. When a pre-auction offer is submitted, all properly registered online bidders will be notified that “an offer” has been submitted and on which specific property, however the amount of the offer shall remain confidential. All pre-auction offers must allow a minimum of 24 hours for seller’s acceptance. A Buyer’s Broker Fee of (2%) is offered on any pre-auction offers that are properly completed, submitted, and accepted on the appropriate forms provided by the auction company.
SOFT CLOSE: If a bid is received within the last 3 minutes of the auction, the auction close time will automatically extend 2 minutes to allow other bidders an opportunity to competitively bid prior to the auction closing. This feature eliminates "snipers" and encourages fair and impartial bidding from all participants.
BUYER’S PREMIUM – TEN PERCENT (10%): Buyer’s Premium shall be added to the final bid price placed online, which will determine the Total Contract Sales Price. Bidders hereby understand that the Buyer’s Premium shall be added to the winning bid to create the Total Contract Sales Price for which they are obligated to pay for the property. Example: (winning online bid $100,000 + 10% buyer’s premium = total purchase price of $110,000).
Online Auction Technology (Disclaimer): Under no circumstances shall Bidder have any kind of claim against United Country – Timberline Realty, Broker of record, or anyone else, if the Internet service fails to work correctly before or during the auction. Online bidding is subject to technology faults and issues which are outside the control of the auction company. Bidder(s) are encouraged to use the “Maximum Bid” feature on the bidding platform and lock in their maximum bid amount, if they are concerned about technology failure during the auction. The SELLER and/or Auction Company reserves the right to (pause) the online auction bidding in the event of any internal or external technology failure, to preserve the integrity of the auction event and maintain a fair and impartial bidding environment.