Beachwalk Silent Auction
For Buyers
Purchase now makes sense...our silent auction is intended to make it easier and
more fun.
The current prices at Beachwalk are 30-35% below prices of 5 and even 10 years ago.
The price of a Beachwalk home, existing or new, is now very attractive.
Currently, fixed rate mortgage would have been prices at 6.75%
Property taxes in Indiana are now constitutionally capped. Five years ago excessive
tax bills meant uncertainty to the ownership of a property at Beachwalk. Today,
we can expect competent assessment. Indiana's favorable statewide constitutional
caps on property taxes assure families their property taxes will be low and predictable
forever.
How the Silent Auction Works...Conditions of Sale
The process is much like a fundraising silent auction.
All properties listed by Beachwalk Realty, LLC can be viewed by clicking the silent
auction tab. These include standing homes and home sites available in the neighborhood
of Beachwalk. Amenities include pool, tennis, and basketball court, and putting
green, fishing pier, splash pad and much more. A short walk to wonderful Lake Michigan
beaches.
Each property will have a minimum bid and some properties will have a reserve bid
price (identified but not disclosed).
Each property will be featured for 30 days, unless directed otherwise by the seller.
Bids will be posted when they are made unless the bidder has reached the reserved
has been reached. The bidder and the seller will be notified. The bidder's identity
will not be disclosed unless the bidder directs Beachwalk Realty, LLC to do so.
Upon notification of a bid, the seller will have the choice of either:
- accepting the bid;
- rejecting the bid; or
- extending the bid, showing the highest rejected bid (short of the reserve)
The auction expires after 30 days.
When a bid is accepted, Beachwalk Realty, LLC or a licensed realtor representing
the buyer will prepare a purchase contract for execution. The buyer must make at
least a 5% earnest money deposit within 5 days of acceptance. The auction will be
held in abeyance until the earnest money is received and buyer and seller execute
the contract.
Participating brokers will share in the commissions. Details as to commission for
the specific property will be available for brokers by contacting
sales@beachwalkresort.com.