The seller (Bricks & Timber Residential LLC) is in a court-appointed receivership.
- Every contract must state: "This contract is subject to court approval prior to closing." Court approval may add a waiting period before closing.
- Sold strictly AS-IS. The seller makes no repairs.
- The Bricks & Timber Seller Addendum, signed by the buyer, is required on every offer.
- Special warranty deed (no general warranty deed).
- The seller will not pay closing costs — the buyer pays all closing costs except sales commissions and management fees.
- Closing with FIN Title (Sara Laun).
- Earnest money: $1,000.
- Proof of funds or a lender pre-approval letter is required with every offer.
- Inspection period: 5 days for cash offers; 10 days maximum for hard-money or financed offers.
- Your buyer must see the property before making an offer.
- The home is vacant. Utilities are OFF and will not be turned on for inspections.
Spacious 3-bedroom, 2.5-bath home situated on a large lot in Bessemer. This property offers strong potential for renovation or investment with generous square footage and a functional layout. Features include a covered front porch and ample outdoor space. Ideal opportunity for investors looking to add value. Property is a receivership sale and is being sold as-is. Convenient location with access to local amenities, shopping, and major roadways.
Good to know
Receivership property—court order attached. Sold AS-IS; seller will make no repairs or concessions for financing. Seller Addendum required with all offers (for properties =$100K). Buyer pays all closing costs. Contract must include: “Subject to court approval prior to closing.” Buyer must use seller’s title company. Utilities will not be activated for inspections on properties under $100K. Due diligence: 5 days cash, up to 10 days hard money.