608 State Route 13, Marissa, IL 62257

ONLINE REAL ESTATE AUCTION 

608 State Route 13, Marissa, IL 62257

Bidding Ends: WED, November 19, 2025 @ 10 AM

AUCTION TERMS & CONDITIONS

Bidding Information

Online Bidding Begins: Monday, November 10th @ 12:00PM

This is an internet-only auction — all bidding takes place online. The property is being sold AS-IS, WHERE-IS. The Seller reserves the right to accept or reject the high bid.

The auction will utilize a soft close feature beginning 5 minutes before the scheduled end time. If a bid is placed within the final five minutes, the countdown will reset to 5 minutes, allowing additional time for new bids. This process continues until no new bids are placed for a full 5-minute period. The purpose of the soft close is to ensure fair opportunity for all bidders.

Bidders are encouraged to refresh their screens frequently to ensure accurate timing and bid status updates.

Max Bidding

Bidders may enter a maximum bid at any time. The system will automatically bid on your behalf up to your maximum amount:

• If an existing max bid is lower, your bid will jump to that amount and increase by one bid increment.
• If another bidder has already entered the same max bid, priority is given to the bid placed first (by timestamp).

You are the leading bidder if your item screen is outlined in GREEN or shows your bidder number followed by “(you).” If your max bid has been reached and another bidder remains in the lead, your screen will display RED.

⚠️ Note: Property Peddler Inc. is not responsible for any bidder’s misunderstanding or misuse of the max bidding feature.

Bidders should maintain a reliable internet connection. Lag or poor connectivity may result in inaccurate bid status. If you are unsure about your internet reliability, arrangements can be made to bid from one of our offices—please contact the auctioneer in advance.

It is recommended that bidders be pre-approved at least 24 hours before the auction closing. Questions? Call Property Peddler Inc. at (618) 473-2500.

Registration

Proper and complete registration is required to bid. All bidders must provide their name, address, phone number, and email address. To complete registration, Property Peddler Inc. requires a copy of a valid state ID, which can be emailed to info@propertypeddler.com or will be requested by a team member before approval.

By registering, all bidders acknowledge that they have read and agree to be bound by these Auction Terms & Conditions.

Auctioneer reserves the right to refuse registration or bidding privileges at their sole discretion. Early registration is encouraged to receive updates and notifications regarding any auction changes.

Co-Broke Offered

Property Peddler Inc. offers a 2% co-broke commission to the sponsoring broker whose agent:

• Registers a client for the auction before the client registers independently or is shown the property by a Property Peddler agent, and
• The client becomes the successful bidder.

Brokers may request the registration form from Brad Chandler at 📧 brad@propertypeddler.com | 📞 618-791-3289

All auction terms apply. The winning bidder will sign the Property Peddler Auction Sales Contract, which can be reviewed by the registering broker prior to the auction close.

Contract

Winning bidders will sign the Property Peddler Auction Sales Contract immediately after the sale, either in person or electronically.

Earnest Money

The approved high bidder will pay a non-refundable 10% down payment on the day of the sale, to be deposited with the Arbieter Law Office. Any stop payment or returned check marked “insufficient funds” will be considered evidence of fraudulent intent and treated accordingly.

Closing

Closing shall occur on or before December 19, 2025.

Closing Costs

Buyer shall pay the purchase price plus customary closing costs, which may include, but are not limited to:

• Escrow/closing fees
• Recording fees
• Prorations
• Title document fees (e.g., later date charges, wiring fees, etc.)

Title Company: Arbieter Law Office.

Taxes

Real estate taxes will be prorated to the date of closing.

Mineral Rights

Any owned mineral rights will transfer with the property. No mineral search has been performed. It is assumed that some or all mineral rights may have been previously detached.

Possession 

Possession will be granted at closing.

Financing 

Bidding is not contingent on financing or appraisal. Buyers should make all financing arrangements prior to bidding.

Survey

None, selling by legal description.

Disclaimer & Absence of Warranties

• Subject to prior sale and all easements, covenants, and restrictions of record.
• Property is sold AS IS, WHERE IS without warranty or representation, express or implied.
• Information provided is believed accurate but not guaranteed. Acreages, boundaries, and figures are approximate.
• Each bidder is responsible for conducting their own due diligence, including inspections, investigations, and verification of information.

Property Peddler Inc. and the Seller assume no liability for errors, omissions, or inaccuracies in any printed or digital materials.

Bidding Conduct

• Bidders are responsible for ensuring the Auctioneer is aware of their bids.
• Property Peddler Inc. disclaims liability for missed, unexecuted, or unaccepted bids.
• Bidders must confirm they are bidding on the correct item and at the intended amount.
• The Auctioneer’s decisions are final.
• All announcements made the day of the auction take precedence over previous printed or spoken information.
• The Auction Company or Staff reserves the right to bid and to cancel or postpone the auction if deemed necessary.

Property Peddler Inc., its staff, and agents act exclusively as agents for the Seller in this transaction.

Auctioneer: Brad Chandler Auction License #441.002105 Broker License #475.162277 Property Peddler Inc.

Illinois
United States