439 E. Monroe St Dundee, MI, 48131

📝 AUCTION TERMS & CONDITIONS

AuctionNow.bid – Michigan Online Auction

1. PROPERTY & AUCTION INFORMATION

Property Address:  439 E Monroe St, Dundee, MI 48131

Auction Type:  Online Auction

Minimum Bid:  $110,000

Auction End Date & Time:  February 12, 2026, at 1:00 PM (Eastern Time)

Inspections & Showings

Open Houses will be held at the property on:

• February 4, 2026, from 12:00 PM – 1:30 PM
• February 8, 2026, from 12:00 PM – 2:00 PM

Private showings may be available by appointment. Interested parties should contact the listing agent.

2. GOVERNING DOCUMENTS & ACKNOWLEDGMENT

These Auction Terms & Conditions, together with the Auction Purchase Agreement and any auction-specific addenda, constitute the entire agreement among the Seller, Auctioneer, and Bidder.  The executed Purchase Agreement shall control and supersede all advertising, summaries, listings, brochures, or oral statements.  By registering, bidding, or submitting an offer, Bidder acknowledges that they have read, understand, and agree to be bound by all Auction Terms & Conditions without exception.

3. BUYER’S PREMIUM

A ten percent (10%) Buyer’s Premium shall be added to the high bid to determine the final contract purchase price.

Example:
High Bid: $200,000
Buyer’s Premium (10%): $20,000
Total Contract Price: $220,000

The Buyer’s Premium is earned upon acceptance of the bid and is non-negotiable.

4. PRE-AUCTION OFFERS

Seller reserves the right to consider, negotiate, accept, or reject pre-auction offers at Seller’s sole discretion.

All pre-auction offers must:

• Be submitted prior to the auction close
• Comply with all auction terms
• Include the 10% Buyer’s Premium
• Be non-contingent and on the Auction Purchase Agreement

If a pre-auction offer is accepted:

• The auction will be cancelled
• Any remaining open houses or previews will be cancelled
• No further bids will be accepted

Seller and Auctioneer reserve the right to withdraw or modify the auction at any time without notice.

5. BIDDER REGISTRATION & BIDDING AUTHORITY

All bidders must register online at AuctionNow.bid and be approved before bidding.

Bidders represent and warrant that:

• They are at least 18 years of age
• They are legally capable of entering into binding contracts
• All information provided during registration is true and accurate

Bidders are responsible for all bids placed under their account. 

Bids are final and binding and may not be retracted, modified, or rescinded for any reason.

6. BIDDING FORMAT & EXTENDED BIDDING

The auction is conducted as a timed online auction.  Extended bidding is in effect. If a bid is made within 10 minutes of the auction's scheduled end, the auction will automatically extend by 10 minutes. No further bids will be accepted after the final extension.

7. CONTRACT EXECUTION & EARNEST MONEY DEPOSIT

The winning bidder must:

• Execute the Auction Purchase Agreement immediately upon bid acceptance
• Deliver a non-refundable $5,000 Earnest Money Deposit within 24 hours of bid acceptance

Earnest Money Deposit must be paid by:

• Wire transfer, or
• Certified funds

The deposit shall be held by the designated title company and credited toward the purchase price at closing.

Failure to timely execute the agreement or deliver the deposit constitutes default and may result in forfeiture of bidding rights and damages as allowed by law.

8. CLOSING TIMELINE

Closing shall occur within thirty (30) calendar days of the auction date. Time is of the essence. Failure to close within the stated period, unless otherwise provided in a written agreement, shall constitute a contractual default and result in the forfeiture of your earnest deposit.

9. NON-CONTINGENT SALE / AS-IS CONDITION

This is a NON-CONTINGENT SALE.  The property is sold AS-IS, WHERE-IS, with all faults, known or unknown, and without any warranties or representations, express or implied.

There are no contingencies:

• Financing
• Inspections
• Appraisal
• Sale of another property

Bidders are strongly encouraged to complete all due diligence before bidding.

10. TITLE, TAXES & CLOSING AGENT

Seller shall convey marketable title by warranty deed or other appropriate conveyance.  Real estate taxes shall be prorated per local custom to the date of closing.

Closing shall be conducted by Tru Title, the Seller’s selected title company, unless otherwise agreed to in writing.

Title shall be subject to:

• Easements
• Restrictions
• Covenants
• Matters of record

11. DISCLOSURES & RELIANCE

All property information provided is believed to be accurate, but is not guaranteed.

Bidders are responsible for:

• Verifying all square footage, condition, zoning, taxes, and suitability
• Relying solely on their own inspections, investigations, and judgment

Neither Seller nor Auctioneer makes any representation regarding the condition or fitness of the property.

12. AGENCY DISCLOSURE

Realtor, Auctioneer, and all affiliated brokers and agents represent the Seller exclusively.

No agency relationship is created with any buyer.

13. ANNOUNCEMENTS & MODIFICATIONS

Any oral or electronic announcements made by the Realtor and Auctioneer shall take precedence over printed or advertised materials.

Auctioneer reserves the right to:

• Cancel, postpone, extend, or reschedule the auction
• Modify auction terms as permitted by law

14. FAIR HOUSING

The auction is conducted in compliance with the Federal Fair Housing Act and all applicable state and local laws.

15. FINAL ACKNOWLEDGMENT & DISCLOSURES

By bidding or submitting an offer, Bidder acknowledges full understanding and acceptance of these Auction Terms & Conditions and agrees to be legally bound by them. All property information provided is believed to be accurate, but is not guaranteed. Bidders are responsible for verifying all data and relying solely on their own inspections and judgment.