Families taking walks and bike riding, neighbors waving and saying hello, this is one terrific neighborhood! Built in 2005 with 5 bedrooms and 2 bathrooms, along with a 3 car garage, it has a very open kitchen with island and dining room. It is over 2600 square feet with a partially finished basement and main floor laundry. Fenced on 1/3 acre with an expandable sprinkler system to add more drip systems or sprinklers and RV parking on the side. The main flooring is highly rated Tuscan Stone flooring made by Dupont.
You can call the owner at (208) 523-2981 or (208) 360-1022. Or feel free to email Victoria Loveland at vloveland@gmail.com.
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We plan to sell this home to the highest bid through an open, friendly and honest Round-Robin Bidding Process, on Monday night, August 3, 2009. Most people have never seen a house being sold by a round-robin, open-bidding process, so you're probably wondering why we are doing it this way. Well, the short answer is we’re convinced that it produces a better result for both the seller and buyer than does the conventional method.
We discovered this method after reading, “How to Sell Your Home in 5 Days” by Bill Effros, is on Amazon.com. Bill advises the 5 day sale, and this is why...
- It involves about a week of hard work instead of potential months of sporadic home buyer visits.
- It encourages full disclosure between the homeowner and potential buyers.
- We do not start high and slowly come down - we start low and let the buyer’s market determine the top price.
- This is less costly for us, and the buyers, because there are no broker fees paid from the sales price. This means we can sell for less, and each of us comes out ahead.
- We believe that if we attract a reasonable sized selling pool, then our home will sell for a price that is fair both to the buyer and to the seller.
- This process is entirely open. You do not bid against us, but against other bidders.
- Placing a bid does not make you liable in any way. You are under no legal obligation as a result of the bidding process.
- You will have plenty of time to review the terms of sale, consult with others, inspect the home, and obtain any necessary information.
- The application process is the same as in conventional sales.
- We honestly believe that if we do our job, that is, to provide full disclosure, market the home to a reasonable sized buying pool, and answer honestly all of your questions, then this beautiful home will sell for whatever the market will bear.
Bidding Rules
1. The bidding process will be conducted by the owner, Victoria Loveland
2. Only buyers who have seen the home during the Open House on August 1st and 3rd may bid on it.
3. If you wish to be included in the bidding process, then provide the following before 6pm on Monday evening, August 3 , 2009
Your name
Monday evening telephone number
Preliminary bid.
4. The round-robin bidding will start at 8pm on Monday evening.
5. All preliminary bids must be in amounts of $500 and can be left at any time prior to 6pm on Monday evening.
6. No one can enter the bidding after 6pm on Monday.
7. The bidding status will be open. We will tell anyone the status of the bids at any time.
8. Every bidder will have the opportunity to top the current bid until highest & best bidder is established. Owner shall have sole and absolute discretion to determine highest and best bid.
9. When the round-robin bidding opens we will telephone the highest bidder first. We'll call the next highest bidder in line, and so on down the list until all bidders have been called.
We will conduct several rounds in this manner until there is only one bidder left.
1. Each time you receive a call you have three options:
- Raise the current high bid higher in minimum multiples of $500.
- Stay at your current bid.
- Retire from the bidding process.
2. We will offer the home to the highest/best bidder at his or her highest bid price.
3. If the highest/best bidder does not meet the conditions of the terms-of-lease or fails to provide credible ability to rent the home – the home will immediately be offered to the next highest/best bidder at his or her final bid price.
Important Note:
For your protection: The bids are not legally binding contracts and can be withdrawn at anytime.
For the owner’s protection: The owners in their sole and absolute discretion have the right to reject for no reason or any reason whatsoever, any bid at any time prior to the execution of a contract (in a form acceptable to the owner) by and between the successful bidder and owner. This is a sale with a Minimum Undisclosed Reserve.
Back-up bids will be taken.
GOOD LUCK!
Download the original attachment
Terms of Sale
CONTRACT: A meeting will be held at 1:00 p.m. Wednesday, Aug. 5th, 2009 at Alliance Title, 1070 Riverwalk Drive Suite 100, Idaho Falls ID, 83402 with the highest/best bidder. The purpose of the meeting will be to execute the purchase agreement and accept a $2,000 earnest money deposit, which will be held in the escrow account of the same firm. The purchase agreement will be in the form of a real estate sales contract currently used in Jefferson County, Idaho and such contract shall govern all rights, duties and obligations of the parties. Terms of the contract shall supercede any terms to the contrary contained herein. Failure by the initial successful bidder to sign the purchase agreement and deposit the $2,000 earnest money by the end of the meeting will disqualify that bidder. If the highest bidder is disqualified, the next bidder will be notified immediately.
PURCHASER QUALIFICATION: Bidders must initiate financing on this home, if applicable, within 24 hours of contract. Proof of the bidder's ability to pay the purchase price, and/or qualify for financing, must be in the form of a written letter of qualification from a financial institution and must be provided along with an additional deposit in the said escrow account sufficient to bring the total deposit to 10% of the purchase price within 10 days of contract acceptance. Purchaser should plan on conducting the closing by Thursday, June 7th, 2007.
Should the highest bidder fail to show his or her ability to pay the purchase price, or meet the requirements for deposit and financing proof within the above specified 10 day period, or prove unable to close this sale within the specified period, the seller reserves the right to terminate the sale process and offer the property to the next highest bidder under the same stipulations. Until a contract is signed, the owners reserve the right to reject any or all bids and terminate the sale process at any time without explanation to any potential buyer.
CLOSING COSTS: All closing cost is at buyer's expense unless otherwise specified. Seller is responsible only for payment of state and local conveyance taxes and preparation recording of the deed. Taxes for current year shall be prorated. The parties will follow the standard expense allocations as provided in the real estate contract.
INSPECTION REPORT: Seller will provide a current home inspection and house plans to successful bidder. The Builder (Stiletto Construction) will contact the buyer before the warranty expires for a final inspection to insure satisfaction with the home.
REALTOR OR BROKER FEES: The owners will not be responsible for any commission or fees due to a broker or real estate agent representing a buyer. If a buyer elects to work with a broker or real estate agent the buyer will be solely responsible for any fees or commissions incurred. All bids MUST BE NET TO SELLER. Furthermore, if an agent/broker is bidding on behalf of his/her client an Certified POWER OF ATTY., must be presented to the seller at the time the bid is entered.
SALES POSTPONEMENT/CANCELLATION: Owner, in its sole and absolute discretion, hereby reserves the right to postpone, cancel the sale for any reason or no reason whatsoever, including without limitation due to illness, foul weather or force majeure. In any event the sale may be cancelled altogether or postponed to an alternative weekend. Notice will be given to all...so we encourage you to call leaving your name and phone number specifically for this purpose.
This is a sale with a Minimum Undisclosed Reserve.
