For Sale By Auction - Two Story Beach House - Low Reserve

(Update - 18 July 2009: With less than two weeks to go before this house goes up for auction, William Burrall, the seller, told me there are at least two bidders committed to participate and about twenty others have solicited additional information. This house will sell to the highest bidder over the low reserve of $100,000 on 1 August 2009. Don) For sale by owner - I have a new house on the beach at Uverito near Las Tablas and need to sell it due to health issues. I have not had any luck selling this house on the open market so I am advertising a Public Reserve Auction for August 1, 2009. You can see details of this property listed on Encuetra24.com and Craig's List. The house is less than one year old, has three bedrooms, 2.5 baths, 210 square meters of floor space, on a 330 square meter lot. Information about the auction follows: AUCTION SALE OF BEACH HOUSE, SATURDAY 01 AUGUST 2009 @ 12 NOON SHARP, LAS TABLAS, PLAYA UVERITO, LOS SANTOS PROVINCE. After the minimum opening bid of $100,000.00 the Reserve auction will then be an open bidding format with the property being sold to the highest bidder providing the reserve amount has been met. The reserve will not apply unless the high bid fails to meet the reserve, at which time the amount will be announced allowing the high bidder the opportunity to match the reserve and end the sale with no further advances. Should the high bidder fail to match the reserve, the floor will then be open to accept other bids. After all terms are met and the property awarded to a high bidder, the bidder will be required to immediately pay a deposit of 10% to the sellers attorney, with the balance being paid on or before 15 August 2009 at which time transfer of title for the property will be accomplished. If the buyer fails to make full payment as scheduled, they will have forfeited the deposit in full. Seller will be liable for taxes due and the customary transfer cost, likewise the buyer will be liable for their customary transfer cost. Property can be inspected by APPOINTMENT with a 24 hour notice any day prior to the scheduled date of the auction. Property is being offered for sale as shown with all furnishings except for any items marked personal. For further details contact William R Burrall E-Mail wrbflboy@yahoo.com Cell Panama (507) 66717085 English only. Photos of the property are available below. (more) The house was completed in October 2008, as you can see it is 2 story with the master in front with a balcony, tub in master bath. Two guest rooms with a large bath, enter from each room. The 1st level has a big kitchen, dining, living room and a 1/2 bath under the stairs. The front pation is 16´ X 24´ great views water from all rooms, the high tide line is 26 meters from the patio and the waves against the rock cliff are very relaxing. There floor space is 210 meters sq and the lot is titled, 330 meters sq. Side driveway with parking for 2 cars in rear, room in front or back for a pool if one so desires.