Here’s a fantastic chance if you want to buy a house in Detroit, MI! Just $90,000 is the opening offer for a house at 17694 Shaftsbury Ave. This Wayne County house is on sale under a “Second Chance” auction, hence its price is less than its assessed worth. Starting on February 3, 2025 and running until February 5, 2025 is the auction This may be the perfect time for you to get a decent bargain on a local house.
Property Details
Located at 17694 Shaftsbury Ave., the house is single-family. Keep in mind, though, this is a CASH ONLY transaction. The house is occupied right now, hence purchasers will not be able to visit it before closing. There are no contingency on the property; it is being offered as-is. This implies that the buyer is in charge of any house maintenance as well as any legal or financial concerns following the purchase.
Special Auction Notes:
- The starting bid is $90,000.
- No Buyer’s Premium or Auction Service Fee.
- The seller will cover taxes, HOA, and utility liens.
- Buyer is responsible for escrow and closing fees, which can range from $750 to $3000.
- Closing must occur within 30 days from seller’s acceptance of the offer.
- The seller will transfer the property via a Special Warranty Deed or quitclaim deed, depending on whether the buyer purchases title insurance.
- A Proof of Funds or pre-qualification letter from a lender will be required within 24 hours of winning the bid.
What You Need to Know
- Property Condition: The property is being sold in as-is condition. This means there might be defects, health or safety hazards, or other issues like debris that buyers will have to take care of.
- Utilities: The utilities are currently turned off, and the property has been winterized. Utilities will not be turned on before closing, so the buyer will need to handle this.
- Occupied Property: The property is occupied, and the buyer must take responsibility for any eviction or lease negotiations after closing.
- Required Inspections: The buyer is responsible for ensuring all necessary inspections are conducted, including those related to smoke detectors, carbon monoxide alarms, or other legal compliance issues.
- Additional Disclosures: The home may also require certain inspections related to septic systems or well water. It’s important to check with local authorities and make sure you’re aware of any required repairs or compliance procedures.
A great chance to purchase a house for less is presented by this Detroit auction for 17694 Shaftsbury Ave. Still, it’s important to be aware of the auction policies, house condition, and concomitant buying responsibilities for an inhabited house. This might be a good investment if you are ready for a project and can afford to pay with cash.
Additional Notes:
- Buyers should thoroughly investigate the property’s condition, potential repairs, and legal obligations before placing a bid.
- Keep in mind that this auction is cash-only, and you’ll need to show proof of funds or pre-qualification from a lender within 24 hours of the auction.
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