1213 W Abbott St, Muncie

Online Real Estate Auction
Property Address: 1213 W Abbott St, Muncie, IN 47303
Bidding closes Monday, October 19, 2026 at 6:00 PM at www.ORRHomes.com/Auctions

Auctioneers
Patrick L. Orr, AU08801505
Ryan P. Orr, AU10900025
The ORR Home Selling Team, RE/MAX Real Estate Groups
Info@ORRHomes.com | 765-212-1111

1. Reserve & Seller Acceptance

This auction has a $70,000 reserve. The property will not be sold for less than the reserve. Once bidding meets the reserve, the seller will choose the high bidder and a backup bidder based on net proceeds to the seller. The seller reserves the right to accept or reject any bid.

2. No Buyer’s Premium

No buyer’s premium will be added to the final bid price.

3. Proof of Funds / Financing

All bidders must submit one of the following to the auctioneer at Info@ORRHomes.com before bidding:

• Financing: A current pre-approval letter from a lender
• Cash: Proof of available funds

4. Purchase Agreement & Documents

The winning bidder must sign the purchase agreement, these terms and conditions, and any required disclosures within 24 hours of the seller accepting their bid. Required disclosures include the Seller’s Residential Real Estate Sales Disclosure and, if the home was built before 1978, the Lead-Based Paint Disclosure. These terms are non-negotiable and time is of the essence. These terms survive closing. If these terms conflict with the purchase agreement, these terms control.

5. Deposit

The winning bidder will pay a 10% non-refundable deposit of the final purchase price within 24 hours of the seller accepting their bid. Young’s Title & Abstract will hold the deposit in escrow and apply it toward the purchase price at closing. The deposit is refundable only if the seller defaults. If the winning bidder does not sign the purchase agreement or provide the deposit within the 24-hour period, the seller may cancel that bid and offer the property to the backup bidder.

6. No Contingencies

The sale is not contingent on financing, appraisal, inspection, or the sale of any other property. Bidders should arrange financing before bidding. A buyer who fails to close for any reason other than seller default forfeits the deposit.

7. Property Condition

The property is sold in “As-Is, Where-Is” condition with no warranties, expressed or implied. Buyers who want inspections must finish them before they submit a bid. Placing a bid confirms that the bidder has inspected the property to their satisfaction or has chosen not to inspect it.

8. Closing

Closing must take place on or before Friday, November 20, 2026 at 5:00 PM, or as soon after that date as insurable title is available. The balance of the purchase price is due at closing by wire transfer or certified funds, as required by the title company.

9. Closing Costs

Seller and buyer will each pay their customary closing costs. The buyer pays all costs related to their financing.

10. Deed & Title

The seller will provide a deed and an owner’s title insurance policy through Young’s Title & Abstract, Muncie. A preliminary title commitment will be available to bidders.

11. Survey

No survey will be provided. Any survey the buyer or the buyer’s lender requests is at the buyer’s expense.

12. Property Taxes

Property taxes will be prorated by the seller as of the date of closing.

13. Possession

Possession will be given at closing.

14. Access

The buyer and seller agree to allow reasonable access for appraisers, surveyors, and other vendors needed to complete the sale.

15. Buyer Brokers

Buyer brokers must register their buyer with the auctioneer by email at Info@ORRHomes.com before the buyer bids. Registration must include a copy of the signed buyer agency agreement. Brokers who do not register their buyer before bidding may not be recognized.

16. Agency

The auctioneers and The ORR Home Selling Team at RE/MAX Real Estate Groups represent the seller exclusively.

17. Online Bidding

Bids placed in the last 5 minutes before close will extend bidding by 5 minutes. Bidding increments are set by the auctioneer. The auctioneers are not responsible for website outages, internet problems, or bids that fail to go through, and may extend, suspend, or cancel bidding at their discretion.

18. Property Tours

Property tours are available by appointment or during scheduled open houses. Contact the auctioneers at Info@ORRHomes.com or 765-212-1111 to schedule. All visitors must be accompanied by an auctioneer or agent. Children must be supervised at all times. Anyone who enters the property for a tour, open house, or inspection does so at their own risk. The seller, auctioneers, and their agents are not responsible for accidents, injuries, or loss of personal property.

19. Disclaimer

Information about the property has been provided in print and online for review. It is believed to be reliable but is not guaranteed, and it does not replace a bidder’s own verification and investigation of the property. The seller, auctioneers, and their agents disclaim any warranty or liability for information provided.

20. Announcements

Announcements made by the auctioneer before or during the auction take precedence over any previously printed or online material.