IMPROVED REAL ESTATE

Property Address: 9294 W County Road 950 N, Middletown, IN 47356
Legal Description: PT W1/2 NE1/4 25-19-8 12.741A
Parcel ID: 003-00538-00
Total Acreage: 12.74 Acres
County: Henry County, Indiana
Township: Fall Creek Township

PROPERTY OVERVIEW

A well-maintained country estate featuring a 2,548 square foot home with substantial outbuildings on 12.74 acres of prime Henry County land. This property offers the perfect blend of comfortable living space, functional workshop facilities, and usable acreage in the desirable Fall Creek Township area. The property showcases beautiful fall colors and scenic rural views with mature evergreens and hardwoods throughout.

THE HOME

Year Built: 1960
Style: 1.5-Story Traditional American
Total Living Area: 2,548 Square Feet

• Main Floor: 1,524 sq ft
• Upper Floor: 1,024 sq ft
• Full Basement: 1,024 sq ft (unfinished)

Room Configuration:

• 3 Bedrooms (1 main floor, 2 upper level)
• 2 Full Bathrooms (1 main, 1 upper)
• Living Room: 13' x 17'
• Family Room: 27' x 19'
• Formal Dining Room: 15' x 13'
• Kitchen: 15' x 12' with eating area
• Laundry Room: 9' x 11' on main floor

Interior Features:

• Updated vinyl plank flooring in main living areas
• Vinyl flooring in kitchen
• Hardwood in laundry room
• Carpet in bedrooms
• Fireplace in living area
• Good natural light throughout
• Functional floor plan with main floor bedroom option

Heating & Cooling:

• Geothermal system - energy-efficient forced air heating and central electric cooling
• Significantly lower utility costs compared to conventional systems
• Environmentally friendly operation

Foundation & Exterior:

• Block foundation with full basement
• Aluminum siding exterior
• Traditional architectural style
• Covered front porch
• Mature landscaping with shade trees

OUTBUILDINGS

Bank Barn:

• 1,200 square feet (approximately 30' x 40')
• Classic bank barn design built into natural grade
• Metal siding with distinctive peaked roof
• Multi-level construction utilizing hillside
• Electric service available
• Drive-in access on main level
• Perfect for equipment storage, workshop, agricultural use, or hobbies
• Ample height clearance and multiple access points
• Traditional "Shay's Barn" signage
• Excellent condition for age and style

4-Car Detached Garage:

• 1,200 square feet
• Multiple overhead doors
• Excellent for vehicle storage or additional workshop space

Total Outbuilding Space: 2,400 square feet

THE LAND

Acreage: 12.74 acres (554,998 sq ft)
Topography: Rolling terrain with natural grade changes (ideal for bank barn construction)
Character: Beautiful mature evergreen and hardwood trees throughout with open usable areas

Features:

• Private well water system
• Septic system
• Good county road access with paved driveway
• Natural drainage utilizing terrain
• Scenic rural views with excellent privacy
• Neighboring farmland and rural homes
• Ample space for livestock, gardens, recreation, or future expansion
• Wooded areas and open pasture/lawn areas

Potential Uses:

• Family homestead
• Hobby farm (animals, gardens, orchards)
• Workshop and craftsman space
• Recreational property
• Investment opportunity
• Additional building sites available

LOCATION

School District: Shenandoah School Corporation

• Shenandoah Elementary, Middle, and High Schools

Convenient to:

• Middletown: 3 miles
• New Castle: 10 miles
• Anderson: 20 miles
• Indianapolis: 45 miles

Peaceful country setting with easy access to local services and larger communities. This property offers true country living without isolation, surrounded by working farms and rural residences.

UTILITIES & INFRASTRUCTURE

• Water: Private well
• Sewage: Septic system
• Electric: Connected and active
• Heating: Geothermal (electric)
• Access: Paved county road frontage with concrete driveway and good year-round access

ASSESSMENT & TAXES

2024 Assessed Value: $286,700

• Land: $55,700
• Improvements: $231,000

2024 Annual Taxes: $2,026 (semi-annual payment: $1,013)

Tax Responsibility:

• Seller has paid 2025 taxes due November 2025
• Buyer responsible for 2025 taxes due May 2026 and all subsequent taxes

CONDITION & INSPECTION

This property is being sold "AS-IS, WHERE-IS" with no warranties.

Available for Review:

• Professional home inspection report (2024)
• Lead-based paint disclosure (home built 1960)
• Property disclosure statement
• All documentation available in bidder information packet

Showings: Available by appointment through Jason Snider at (317) 507-1692 or preview on auction day starting at 8:00 AM.

PROPERTY HIGHLIGHTS

✓ 12.74 acres of prime Henry County land
✓ 2,548 sq ft home with 3 bedrooms, 2 full baths
✓ Classic bank barn - 1,200 sq ft with multi-level design
✓ 4-car detached garage - additional 1,200 sq ft
✓ Energy-efficient geothermal heating and cooling
✓ Private setting with mature evergreens, hardwoods, and scenic views
✓ Rolling terrain with natural beauty and usable acreage
✓ Excellent location in Fall Creek Township
✓ Top-rated schools in Shenandoah School District
✓ Multiple uses - residential, hobby farm, workshop, or investment
✓ Ready for your vision - solid property with great potential

AUCTION DETAILS

Date: Saturday, November 22, 2025
Time: 10:00 AM
Location: On-site at 9294 W County Road 950 N, Middletown, IN 47356

Bidding Options:

• Live on-site - Register starting at 9:00 AM
• Online via simulcast internet bidding - Pre-registration required

Opening Bid: $250,000
Buyer's Premium: 10% added to winning bid
Sale Type: Subject to owner confirmation

Example: Winning bid of $275,000 + 10% buyer's premium = $302,500 total offer to purchase

CONTACT INFORMATION

Real Estate Agent:
Jason L. Snider, Licensed Realtor
J. Snider Real Estate | License #RB14045952
Phone: (317) 507-1692
Email: [email protected]

Auctioneer:
Zack Burgess, CAI, AU19600029
Burgess Auctions LLC
Office: 765-445-7814 | Mobile: 317-508-5973

This well-maintained country estate offers comfortable living, a classic bank barn, and beautiful rolling acreage in a desirable Henry County location. Whether you're seeking a family homestead, hobby farm, or workshop paradise, this property provides an excellent foundation for your dreams.

AUCTION TERMS AND CONDITIONS

9294 W. County Road 950 N., Middletown, IN. 47356

Saturday, November 22, 2025 • 10:00 AM

BURGESS AUCTIONS "Trusted Auctions, Timeless Results"

AUCTION FORMAT

Live Auction with Simulcast Internet Bidding

• On-site bidding at property location

• Real-time online bidding platform available

• Internet bidding opens 24 hours prior (Thursday, November 22, 2025, at 10:00 AM)

• Opening Bid: $250,000

REGISTRATION REQUIREMENTS

Live Bidders

• Registration begins at 9:00 AM on auction day

• Valid photo identification required

• Bidder numbers assigned at check-in

Internet Bidders

• Pre-registration required online

• Valid photo identification and credit card verification

• Stable internet connection required

DEPOSIT AND PAYMENT TERMS

A 10% ten-percent buyer’s premium will be added to the final bid price, to determine the final offer to purchase price.

Down Payment

• Amount: $25,000 (Twenty-Five Thousand Dollars)

• NON-REFUNDABLE under all circumstances

• Payment Method: Wire transfer to Fidelity National Title

• Due Date: Monday, November 24, 2025

Balance Payment

• Amount: Total purchase price minus $25,000 deposit

• Payment Method: Certified funds or wire transfer at closing

• Closing Deadline: (by January 6, 2026)

• Cash buyers may close within 1-2 weeks

PROPERTY CONDITION

AS-IS SALE

• Property sold in current condition "AS-IS, WHERE-IS"

• No warranties, guarantees, or representations regarding:

o Condition or habitability

o Fitness for any particular purpose

o Compliance with codes or regulations

o Systems functionality

INSPECTION ACCEPTANCE

• Buyers acknowledge having full opportunity to inspect property

• All defects accepted, whether known or unknown, visible or latent

• No repairs will be made by seller prior to closing

FINANCING AND CONTINGENCIES

NO CONTINGENCIES

• No financing contingencies - buyer must close regardless of loan approval/denial

• No inspection contingencies

• No appraisal contingencies

• No sale of other property contingencies

Financing Responsibility

• Buyers responsible for arranging all financing prior to auction

• Failure to obtain financing does not excuse buyer performance

• Cash purchases encouraged for faster closing

TAX RESPONSIBILITY

Seller's Obligation

• Seller has paid 2025 real estate taxes due in November 2025

• Seller current on all tax obligations through November 2025

Buyer's Obligation

• Buyer responsible for all taxes due after November 2025, including:

o 2025 taxes due in May 2026

o All subsequent annual tax payments

o Any special assessments levied after closing

No Tax Proration

• No proration of taxes between buyer and seller

• Clear division at November 2025 payment date

TITLE AND CLOSING

Title Requirements

• Title Company: Fidelity National Title

• Seller provides owner's title insurance policy

• Property conveyed free and clear of liens (except standard easements)

• Deed Type: General Warranty Deed

• Recording: At buyer's expense

Closing Costs

Seller Pays:

• Owner's title insurance premium

• Standard transfer taxes and recording fees

• Costs to cure any title defects

Buyer Pays:

• All loan-related costs and fees

• Recording fees for buyer documents

• Property survey (if required)

• Homeowner's insurance

• Attorney fees and closing costs

• Additional title insurance for lender

DEFAULT PROVISIONS

Buyer Default

If buyer fails to complete purchase, provide required documentation, or meet obligations:

Consequences:

• Seller retains $25,000 deposit as liquidated damages

• Seller may pursue additional legal remedies

• Seller may resell property

• Buyer liable for deficiency and additional costs

Seller Default

If seller cannot convey clear title:

• Buyer's sole remedy is return of deposit

• No further obligations for either party

AUCTION DAY PROCEDURES

Bidding Process

• Auctioneer conducts live bidding on-site

• Simultaneous internet bidding accepted

• Bidding increments determined by auctioneer

• Highest bidder becomes purchaser upon seller’s acceptance

Purchase Agreement Execution

• Winning bidder signs purchase agreement immediately

• Terms non-negotiable and binding upon execution

• Time is of the essence for all deadlines

PROPERTY DISCLOSURES

Lead-Based Paint

• Property built in 1960 (prior to 1978)

• Federal lead-based paint disclosure provided

• Buyer acknowledges receipt of required pamphlet

Property Knowledge

• All known property information disclosed

• Buyers accept property with all known and unknown defects

LEGAL PROVISIONS

Governing Law

• Agreement governed by Indiana real estate law

• Henry County jurisdiction for disputes

Assignment

• Purchase agreement may not be assigned without written consent

Modifications

• Agreement may only be modified in writing signed by all parties

Entire Agreement

• These terms constitute complete understanding

• No verbal agreements or representations binding

BIDDER ACKNOWLEDGMENTS

By participating in this auction, bidders acknowledge:

• Having read and understood all terms and conditions

• Understanding that a 10% buyer's premium will be added to the winning bid

• Understanding the non-refundable nature of the deposit

• Accepting AS-IS condition with no warranties

• Having adequate opportunity to inspect the property

• Understanding all financing must be arranged independently

• Agreeing that time is of the essence for all obligations

CONTACT INFORMATION

Real Estate Agent:

Jason Snider, Licensed Realtor

J. Snider Real Estate License: RB14045952

Phone: (317) 507-1692

Email: [email protected]

Auctioneer:

Burgess Auctions LLC

Zack Burgess CAI, AU19600029

45 W Carey St

Knightstown, IN

Office: 765-445-7814

Mobile: 317-508-5973

Title Company: Fidelity National Title

IMPORTANT NOTICE

This auction represents a binding sale upon acceptance of winning bid. The $25,000 deposit is NON-REFUNDABLE under all circumstances except seller's inability to convey clear title.

All bidders participate at their own risk and expense. These terms are non-negotiable and become binding upon participation in the auction.

"Integrity in Every Lot. Care in Every Sale."

BURGESS AUCTIONS

Trusted Auctions, Timeless Results

AUCTION PROCEDURE

Shay Family Irrevocable Trust Estate Auction

Saturday, November 22, 2025 • 10:00 AM
9294 W County Road 950 N, Middletown, IN 47356

AUCTION DAY TIMELINE

8:00 AM - Gates Open

• Property preview begins
• Inspect real estate and personal property
• Walk the grounds and outbuildings
• Examine equipment, tools, and household items

9:00 AM - Registration Opens

• Live bidder check-in and registration
• Bidder numbers assigned
• Answer questions and distribute information packets
• Final opportunity to review auction terms

10:00 AM - Real Estate Auction Begins

• LOT 1: 12.74 acres with home and outbuildings
• Live on-site and simulcast internet bidding
• Auctioneer reads terms and conditions
• Opening bid: $250,000
• Property sells subject to owner confirmation
• Winner signs purchase agreement immediately
• $25,000 non-refundable deposit due Monday, November 24th

10:30 AM (Approximate) - Personal Property Auction Begins

• TWO SIMULTANEOUS AUCTION RINGS
• In-person bidding  (simulcast bidding for selected lots)
• Payment and removal day of sale

RING ASSIGNMENTS

RING 1 - Equipment, Tools, Vehicles & Auto Parts

Location: Near pole barn/garage area

Auction Order (Approximate):

1. Vehicles (titled vehicles - sales tax collected)
2. John Deere Tractor
3. Implements and attachments
4. 2-Post Car Lift
5. Metal Lathe
6. Welders (MIG, TIG, stick)
7. Air compressors and pneumatic tools
8. Power tools
9. Hand tools and tool sets
10. Workbenches and tool storage
11. Engine hoists and equipment
12. Auto parts inventory
13. Hardware, fasteners, supplies
14. Lawn and garden equipment
15. Miscellaneous shop items

RING 2 - Furniture, Household & Collectibles

Location: Near home/yard area

Auction Order (Approximate):

1. 1. Antique furniture
   2. Modern bedroom sets
   3. Living room furniture
   4. Dining room furniture
   5. Office furniture
   6. Kitchen appliances
   7. Cookware and kitchen items
   8. Glassware and dishes
   9. Serving pieces and flatware
   10. Linens and bedding
   11. Lamps and lighting
   12. Artwork and wall décor
   13. Collectibles and memorabilia
   14. Books and media
   15. Seasonal decorations
   16. Miscellaneous household items

   Note: Rings may run simultaneously. Buyers may move between rings to bid on items of interest.

REGISTRATION PROCEDURES

Live On-Site Registration (Real Estate & Personal Property)

Required Documents:

• Valid government-issued photo ID (driver's license, passport, state ID)
• For real estate bidders: Proof of funds or pre-approval letter (recommended)

Process:

1. Report to registration table starting at 9:00 AM
2. Complete bidder registration form
3. Present valid photo identification
4. Review and sign auction terms acknowledgment
5. Receive bidder number card
6. Retain bidder number for duration of auction

Internet Registration (Real Estate Only)

Pre-Registration Required:

• Register online 
• Credit card verification required
• Accept terms and conditions electronically
• Test internet connection and platform before auction

Auction Day:

• Log in by 9:45 AM
• Verify connection and audio/video feed
• Monitor live auction feed
• Place bids in real-time
• System will confirm each bid

BIDDING PROCEDURES

Real Estate Bidding

Live On-Site Bidders:

• Hold up bidder number when ready to bid
• Auctioneer will acknowledge your bid
• Keep bidder number visible until outbid or until property is sold
• Listen carefully for current bid and next increment
• Auctioneer's decision on bid recognition is final

Internet Bidders:

• Click "Bid" button to place bid at current asking amount
• System displays your maximum bid
• You will be notified if outbid
• Watch live video feed for auction progress
• Monitor chat/message board for announcements
• Internet bids receive equal treatment as floor bids

Bidding Increments (Auctioneer's Discretion):

• Opening bid: $250,000
• Increments typically $5,000 - $10,000 or as determined by auctioneer
• Auctioneer may adjust increments based on bidding activity

Winning the Real Estate:

1. Auctioneer calls "SOLD!" and recognizes winning bidder
2. Sale subject to owner confirmation
3. Winner reports immediately to clerk's table
4. Sign purchase agreement
5. Provide identification and contact information
6. Review deposit and closing instructions
7. Wire transfer deposit by Monday, November 24th

Personal Property Bidding (In-Person Only)

Bidding Process:

• Hold up bidder number when ready to bid
• Two auctioneers running simultaneously
• Move between rings to bid on desired items
• Bid increments determined by auctioneer based on item value
• All sales final when auctioneer says "SOLD!"

Claiming Purchases:

1. After each item sells, note your bidder number and item description
2. Runners will tag items with your bidder number
3. Continue bidding throughout sale
4. Settle account at checkout table when finished bidding
5. Present bidder number for final invoice

PAYMENT PROCEDURES

Real Estate Payment

Down Payment:

• Amount: $25,000 (NON-REFUNDABLE)
• Due Date: Monday, November 24, 2025
• Method: Wire transfer to Fidelity National Title
• Wire instructions provided day of auction

Balance Payment:

• Due: At closing (by January 6, 2026)
• Method: Certified funds or wire transfer
• Title company will provide closing instructions
• Cash buyers may close within 1-2 weeks

Personal Property Payment

Payment Required: Day of sale before removal

Accepted Payment Methods:

• Cash or Check - Receive 3% discount on total invoice
• Credit Card - Full invoice amount (no discount)
• Personal checks accepted with valid ID (checks over $2,000 require prior approval)

Calculation:

• Winning bid + 13% buyer's premium = Invoice total
• 3% discount applied for cash/check payment
• Sales tax added to titled vehicles
• Example 1: $500 tool box + 13% BP = $565 invoice
  • Cash/check: $565 - 3% discount = $550.00
  • Credit card: $565.00
• Example 2: $5,000 vehicle + 13% BP + 7% sales tax = $5,954.55 invoice
  • Cash/check: $5,954.55 - 3% discount = $5,885.00
  • Credit card: $5,954.55

Checkout Process:

1. Bring bidder number to checkout table
2. Clerk totals all purchases
3. Choose payment method (cash/check receives 3% discount)
4. Review invoice for accuracy
5. Make payment in full
6. Receive paid receipt
7. Begin loading items

REMOVAL PROCEDURES

Personal Property Removal

Same Day Removal:

• Payment and removal day of sale preferred
• Bring truck, trailer, and loading help
• Loading assistance available (buyer's responsibility)
• Remove items carefully to avoid damage
• Auction company not responsible for loading accidents

Extended Removal:

• Items may be removed within 7 days by appointment
• Contact Burgess Auctions to schedule: 317-508-5973
• Items must be removed by Friday, November 29, 2025
• IMPORTANT: Any personal property not removed by deadline will convey with the real estate to the new property owner

Removal Requirements:

• Paid receipt must be shown for all items removed
• Bring appropriate equipment (straps, dollies, tools)
• Bring adequate help for heavy items
• Disassembly is buyer's responsibility
• All items removed at buyer's risk

Special Items:

• Car lift: Professional removal recommended
• Lathe: Very heavy - plan accordingly
• Large furniture: May require multiple people
• Vehicles: Title transfer paperwork provided

Real Estate Possession

• Possession granted at closing
• Property will be vacant and broom-clean
• All personal property removed by seller EXCEPT items not removed by personal property buyers
• Any personal property remaining after November 29, 2025 will convey with real estate
• Keys provided at closing table

TERMS & CONDITIONS REVIEW

Real Estate Terms

• Opening bid: $250,000
• 10% buyer's premium added to winning bid
• Sale subject to owner confirmation
• $25,000 non-refundable deposit due 11/24/25
• Closing by January 6, 2026
• AS-IS, WHERE-IS sale with no warranties
• No contingencies (financing, inspection, appraisal)
• Buyer pays all closing costs except title insurance premium
• General warranty deed provided
• Fidelity National Title company
• Any personal property not removed by 11/29/25 conveys with real estate

Personal Property Terms

• 13% buyer's premium on all items
• Indiana sales tax collected on titled vehicles
• 3% discount for cash or check payment
• Credit card accepted at full invoice price
• AS-IS, WHERE-IS with no warranties
• All sales final - no returns or exchanges
• Payment day of sale required
• Removal within 7 days
• Items not removed by 11/29/25 become property of real estate buyer
• Buyer responsible for proper removal
• Announcements day of sale take precedence

IMPORTANT REMINDERS

What to Bring:

• Valid photo ID (REQUIRED)
• Proof of funds (real estate bidders)
• Payment method (cash, check, or credit card)
• Truck and trailer for purchases
• Help for loading heavy items
• Tie-downs, straps, tools for disassembly
• Gloves and work clothes
• Chairs for comfort
• Dress for November outdoor weather

Prohibited Items:

• Weapons
• Alcohol or illegal drugs
• Pets (service animals permitted)
• Disruptive behavior

Safety Reminders:

• Watch for moving vehicles and equipment
• Supervise children at all times
• Stay clear of active auction rings
• Be careful when previewing items
• Loading is at your own risk
• Auction company not liable for injuries

CLERKING & SUPPORT STAFF

Registration Table:

• Bidder registration
• Information distribution
• Questions and assistance

Real Estate Clerk Table:

• Purchase agreement execution
• Deposit instructions
• Closing coordination

Personal Property Checkout:

• Invoice preparation
• Payment processing (cash/check discount applied)
• Receipt distribution

Runners:

• Tag sold items with bidder numbers
• Assist with item identification
• Direct buyers to purchases

Security:

• Monitor property
• Prevent unauthorized removal
• Assist with traffic flow

COMMUNICATIONS

Announcements:

• Listen for announcements from auctioneer
• Important information conveyed throughout day
• Changes or corrections announced as needed
• All announcements supersede printed material

Questions:

• Ask staff or auctioneers for clarification
• Review terms before bidding
• Seek assistance at any time

POST-AUCTION PROCEDURES

Real Estate

Winning Bidder Responsibilities:

1. Sign purchase agreement immediately
2. Wire $25,000 deposit by 11/24/25
3. Await seller confirmation 
4. Coordinate closing with title company
5. Arrange financing (if applicable)
6. Schedule final walk-through
7. Attend closing by January 6, 2026
8. Note: Any personal property not removed by 11/29/25 conveys with the real estate

Seller Responsibilities:

1. Review and confirm/reject winning bid
2. Notify buyer of decision
3. Execute purchase agreement
4. Deliver clear title
5. Maintain property
6. Attend closing

Personal Property

Winning Bidders:

1. Settle account at checkout (remember 3% cash/check discount!)
2. Collect paid receipt
3. Load and remove items day of sale (or by appointment)
4. Contact auction company to schedule pickup if needed
5. CRITICAL: Complete removal by November 29, 2025
6. Items not removed by deadline become property of real estate buyer

DISPUTE RESOLUTION

• Auctioneer's decisions are final
• Bidding disputes resolved by auctioneer
• If error occurs, item may be re-offered at auctioneer's discretion
• Buyer and seller agree to binding arbitration for any disputes
• Indiana law governs all transactions
• Henry County jurisdiction

CONTACT INFORMATION

Day of Auction:

• Registration: See staff at registration table
• Real Estate Questions: Jason Snider or Burgess Auctions staff
• Personal Property: Ring auctioneers or staff
• Payment: Checkout clerks
• Removal: Loading area supervisors

Before Auction:

• Real Estate Info: Jason Snider (317) 507-1692
• Auction Info: Burgess Auctions (765) 445-7814 or (317) 508-5973
• Online Bidding: Registration link in information packet

After Auction:

• Real Estate: Jason Snider / Fidelity National Title
• Personal Property Removal: Burgess Auctions (317) 508-5973
• Accounting Questions: Burgess Auctions office

AUCTION PROFESSIONALS

Auctioneer:
Zack Burgess, CAI, AU19600029
Burgess Auctions LLC

Real Estate Broker:
Jason L. Snider, RB14045952
J. Snider Real Estate

Title Company:
Fidelity National Title

FINAL NOTES

• Arrive early for best parking and preview time
• Dress appropriately for outdoor November weather
• Auction held rain or shine
• Concessions may be available
• Restroom facilities on-site
• Plan adequate time - personal property sale may last several hours
• Bring friends and family - great auction day experience!
• Personal property buyers: Plan to remove items promptly to avoid forfeiture
• Save 3% by paying with cash or check!

BURGESS AUCTIONS LLC
"Trusted Auctions, Timeless Results"
"Integrity in Every Lot. Care in Every Sale."

Thank you for participating in the Shay Family Irrevocable Trust Estate Auction!

BROKER PARTICIPATION AGREEMENT

Real Estate Auction – 9294 W County Road 950 N Middletown, IN 47356

Saturday, November 22, 2025 • 10:00 AM

BURGESS AUCTIONS
"Trusted Auctions, Timeless Results"

LISTING INFORMATION

Listing Agent: Jason Snider, Licensed Realtor
Brokerage: J. Snider Real Estate
License: RB14045952
Phone: (317) 507-1692
Email: [email protected]

Property: 12.74 acres with 2,548 sq ft home and 2,400 sq ft outbuildings
MLS #: 22070425
Parcel ID: 003-00538-00
County: Henry County, Indiana
Opening Bid: $250,000
Buyer's Premium: 10% (added to winning bid)
Sale Type: Subject to owner confirmation

PARTICIPATION TERMS

Commission Structure

• Selling Agent Commission: 3% of winning bid price
• Payment Source: Buyer's premium funds
• Minimum Commission: Based on $250,000 opening bid = $7500 minimum

Registration Requirements

Participating brokers must:

• Hold current Indiana real estate license
• Register with listing agent prior to auction day
• Provide copy of current license and MLS participation
• Sign this participation agreement

Client Representation

• Participating broker must have signed buyer representation agreement
• Broker responsible for client's pre-qualification and funds verification
• Broker must accompany client to auction or authorize client in writing

AUCTION PARTICIPATION RULES

Pre-Auction Requirements

1. Register by: Friday, November 21, 2025 at 5:00 PM
2. Submit: Signed participation agreement and license copy
3. Client Information: Buyer's name and contact information
4. Proof of Funds: Evidence client can complete purchase

Auction Day Protocol

• Check-in: 9:00 AM at property location
• Client Registration: Broker responsible for client bidder registration
• Bidding Authority: Client must be present or provide written authorization
• Purchase Agreement: Broker assists client with contract execution

COMMISSION PAYMENT

Payment Terms

• Amount: 3% of winning bid price
• Calculation: Winning high Bid × 3%
• Payment: At closing through title company
• Title Company: Fidelity National Title

Example Commission Calculation

• Winning Bid: $275,000
• Buyer's Premium (10%): $27,500
• Total Purchase Price: $302,500
• Selling Agent Commission: $8250.00

BROKER RESPONSIBILITIES

Client Preparation

• Explain auction process and terms to client
• Ensure client understands AS-IS conditions
• Verify client's financing/cash availability
• Review all auction terms and purchase agreement

Documentation Required

• Signed buyer representation agreement
• Pre-qualification letter or proof of funds
• Completed broker participation agreement
• Current license verification

Auction Day Duties

• Accompany client or provide written authorization
• Assist with bidder registration
• Support client during bidding process
• Help complete purchase agreement if client wins

AUCTION TERMS ACKNOWLEDGMENT

Property Conditions

Participating brokers acknowledge:

• Property sold "AS-IS, WHERE-IS"
• No warranties or guarantees
• $25,000 non-refundable deposit required
• 30-day closing timeline
• 10% buyer's premium added to winning bid

No Contingencies

• No financing contingencies
• No inspection contingencies
• No appraisal contingencies
• Time is of the essence

BROKER PROTECTIONS

Commission Security

• Commission earned upon client's successful bid
• Payment guaranteed through closing process
• Protected by signed purchase agreement

MLS Cooperation

• Participation respects MLS cooperation rules
• Commission sharing per MLS standards
• Professional courtesy maintained

LEGAL PROVISIONS

Governing Law

• Agreement governed by Indiana real estate law
• Subject to Indiana Real Estate Commission rules

License Requirements

• All participants must maintain current licenses
• Compliance with state and local regulations required

Dispute Resolution

• Disputes resolved through Indiana Association of Realtors procedures
• Mediation preferred for commission disputes

REGISTRATION PROCESS

To Participate:

1. Complete this broker participation agreement
2. Email signed agreement and license copy to: [email protected]
3. Include client information and proof of funds
4. Confirm receipt with listing agent
5. Attend auction with registered client

Contact for Registration:

Jason Snider
Phone: (317) 507-1692
Email: [email protected]

IMPORTANT DEADLINES

• Registration Deadline: Friday, November 21, 2025 at 5:00 PM
• Internet Bidding Opens: Friday, November 21, 2025 at 10:00 AM
• Auction Date: Saturday, November 22, 2025 at 10:00 AM
• Closing Deadline: January 6, 2026 (45 Days maximum)

BROKER AGREEMENT

Participating Broker Information:

• Broker Name: ________________________________
• Brokerage: ________________________________
• License Number: ________________________________
• Phone: ________________________________
• Email: ________________________________

Client Information:

• Buyer Name: ________________________________
• Contact: ________________________________
• Financing Status: ________________________________

Broker Acknowledgments:

By signing below, participating broker acknowledges:

• Having read and understood all auction terms
• Understanding commission structure and payment terms
• Agreeing to represent client's interests professionally
• Accepting responsibility for client preparation and education
• Understanding property is sold AS-IS with no contingencies
• Agreeing to cooperate with listing agent and auctioneer

Broker Signature: ________________________________ Date: _________

Print Name: ________________________________

Brokerage: ________________________________

Listing Agent Acceptance:

Jason Snider Signature: ________________________________ Date: _________

ADDITIONAL NOTES

• Multiple clients per broker acceptable with separate registrations
• Commission applies only to registered clients
• Late registrations accepted at listing agent's discretion
• Questions encouraged before auction day

"Integrity in Every Lot. Care in Every Sale."

BURGESS AUCTIONS

Zack Burgess CAI, AU19600029

45 W Carey St

Knightstown, IN

Office: 765-445-7814

Mobile: 317-508-5973

[email protected]

www.burgessauctions.com
Trusted Auctions, Timeless Results

Please note this is a general overview of the Personal Property to be sold: As we sort and prepare and get closer to the auction date we will provide more details: Vehicles, John Deere Tractor and implements; welders, 2 post car lift, metal lathe, air compressors, tools; antique and modern furniture, Fiesta, glassware, collectibles, appliances, and household furnishings