Beachwalk Silent Auction
Purchase now makes sense…our silent auction is intended to make it easier and more
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 30 year mortgages are available at or below 4%. Five years
ago, a typical fixed rate mortgage would have been priced at 6.75%.
Property taxes in Indiana are now constitutionally capped. Five years ago, excessive
tax bills meant uncertainty to the ownership of property at Beachwalk. Today, we
can expect competent assessment and, thanks to statewide constitutional caps on
property taxes, very favorable tax treatment with reliable caps. You can plan reliably
for significantly better tax treatment here at Beachwalk than anywhere in Michigan,
Wisconsin, and Illinois for…ever.
How the silent auction works…..conditions of sale
The process is much like a fundraising silent auction.
You see a property of interest, e. g., 999 Beachwalk Lane carries a list price of
$999,000 and is identified as a “silent auction” property listed by Beachwalk Realty
LLC. Please click on the silent auction button and you will see all the “silent
auction” properties listed by Beachwalk Realty LLC.
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,
and bids will be posted when they are made unless the bidder has reached the reserve
amount. If the reserve has been reached, the bidder and the seller will be notified.
The bidder’s identity will not be disclosed unless the bidder directs us to do so.
For the seller, when we get 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 the contract is executed
by buyer and seller.
Participating brokers will share in the commissions. Details as to commission for
the specific property will be available for brokers by contacting