HANCOCK COUNTY REAL ESTATE AUCTION
Terms & Conditions
Property: 108 S Center St, Maxwell, IN 46154 (Hancock County)
MLS #22011042 | Parcel/Tax ID: 300708101016000008
Online Bidding Opens: Monday, August 17, 2026 at 6:00 PM
Live Auction: Wednesday, August 19, 2026 at 6:00 PM
1. Method of Sale
This property will be offered via a combined online/live simulcast auction format. Online bidding opens Monday, August 17, 2026 at 6:00 PM and continues through the live auction event on Wednesday, August 19, 2026 at 6:00 PM, at which time bidding will conclude at the live event location. Bidders may participate online through the bidding platform (bidburgess.com) or in person at the live auction.
2. Registration
All bidders must register prior to bidding, either through the online bidding platform or in person at the auction site. Registration may require a valid government-issued photo ID and, at the auctioneer's discretion, proof of funds. Burgess Auctions LLC reserves the right to refuse registration to any prospective bidder.
3. Property Inspection
The property is sold AS-IS, WHERE-IS, with no warranties expressed or implied. An open house date will be announced prior to the auction. Bidders are strongly encouraged to inspect the property and conduct all due diligence at their own expense prior to bidding.
4. Buyer's Premium
A 10% (ten percent) Buyer's Premium will be added to the final high bid to determine the total purchase price. This applies equally to all bidders, online and in-person.
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Winning Bid (example)
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$30,000
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Buyer's Premium (10%)
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+ $3,000
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Total Purchase Price
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= $33,000
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5. Earnest Money Deposit
The successful bidder must provide an earnest money deposit of $5,000 immediately following the close of bidding and Seller's confirmation. The deposit will be applied toward the total purchase price at closing and is non-refundable except as specifically provided for uncurable title defects or Seller's non-confirmation.
6. Purchase Agreement
The winning bidder will be required to execute a Real Estate Purchase Agreement immediately following the auction and Seller's confirmation, incorporating these Terms & Conditions. This is a cash sale with no financing contingencies. Failure to execute the purchase agreement or deliver the earnest money deposit as required will constitute a default, and the property may be re-offered at the auctioneer's discretion.
7. Closing
Closing must occur within 30 days of the auction — on or before September 18, 2026. Buyer is responsible for all closing costs customary to buyers in Hancock County, Indiana, including title insurance and recording fees. Real estate taxes will be prorated to the date of closing.
8. Title
Seller will convey marketable and insurable title. A title commitment will be provided prior to closing.
9. Broker Participation
Licensed real estate brokers who register a bidder in accordance with Burgess Auctions LLC's broker participation terms may be eligible for a cooperating broker commission, paid by the Seller at closing. Contact Jason Snider, J. Snider Real Estate, for broker registration details.
10. Disclaimers
All information provided is believed accurate but is not guaranteed and is subject to verification by all parties. Burgess Auctions LLC and its agents make no warranties as to the condition of the property. The Auctioneer reserves the right to reject any bid, advance the bidding, withdraw the property, or modify these terms at any time. In the event of a dispute among bidders, the Auctioneer's decision is final.
Integrity in Every Lot. Care in Every Sale.
Burgess Auctions LLC • Zack Burgess, CAI, AMM • AU19600029 • www.burgessauctions.com
