Overview
- Home will be sold by bid process
- Looking for highest and best offer
- Submit offer by midnight on May 15, 2024
- Viewing appointments are available by contacting us here
- Form to submit an offer is below
PURVIS TRUST REAL ESTATE SALE
BID SUBMISSION INSTRUCTIONS
INTRODUCTION
The Co-Successor Trustees of The Revocable Living Trust of Betty Pauline Purvis have decided to offer the home owned by the Purvis Trust for sale to family and friends using a bid solicitation process. Interested persons are encouraged to submit a non-binding bid for the property.
BID AND CONTRACT PROCESS
Bids may be submitted beginning April 23, 2024 and received no later than midnight on May 15, 2024. Within a few days of receipt, the Trustees will notify any persons who submit a bid that warrants further consideration. Such bidder or bidders will be asked to submit a completed real estate contract that will be provided, and that upon execution and return, will serve as a formal written offer of the bidder for formal consideration and possible acceptance by the Trustees. The form of real estate contract will contain terms common to residential and commercial contracts; information regarding anticipated terms and conditions is set forth on Exhibit B.
INSTRUCTIONS
Accompanying these instructions is a formal bid submission form. Prospective buyers must complete the contact information and submit a bid to info@1409BayShore.com.
If an inspection of the property is needed, please email info@1409BayShore.com and an appointment will be scheduled.
CONCLUSION
The sale, bid and contract process we have developed, and which does not involve realtors, is somewhat novel. The Co-Trustees are under no obligation, however, to accept any bids and may choose to sell the house by other means. Good luck.
EXHIBIT B
ANTICIPATED TERMS OF SALE CONTRACT
- Seller will provide updated abstract
- Buyer responsible for title insurance
- Pro rate taxes
- Closing at Abstract Company of Buyer’s choice (Grand River Abstract or APEX)
- Contract to be signed by May 22, 2024. Escrow deposit required at signing. If commercial lender financing is required, Buyer must also submit a pre-approval letter from the lender.
- Escrow deposit – 2%
- Survey at Buyer’s expense is recommended
- Seller has the right to refuse any and all bids
- Home sold “As Is” with no warranties
- Conveyance by Special Warranty Deed