4 +/- acres, Sheds, and Outbuildings
Baker Auctions & Real Estate – Auction Terms & Conditions
Willie Baker – Principal Auctioneer/Broker
Former Sawmill - 4 +/- Acres with structures and unfinished house/office building
3127 State HWY 223, Flatlick KY 40935
Online Only Bidding ends August 11, 2022 beginning at 7:00 pm eastern time
Auction Sale Type
Online Only Bidding with Extended Bidding
A 10% Buyer’s Premium will be added to the high bid and included in the total contract purchase price. Example: High bid of $100,000.00 plus 10% Buyer’s Premium = $110,000.00 contract purchase price.
Absentee or Phone Bidding arrangements can be made prior to Auction Day by contacting the Auctioneer, Willie Baker, at 859-319-1520.
Terms of Sale
The successful bidder(s) shall be required to enter into a non-contingent auction agreement and deposit 10% of the contract purchase price in the form of Cash, Certified Funds, or approved personal check immediately following the auction. The balance of the purchase price shall be paid on or before October 1, 2022.
Possession shall be granted with deed transfer, subject to any existing liens, tenants, or occupants if applicable.
Real Estate Property Taxes
2022 Real Estate Taxes shall be the Buyers Responsibility.
The successful purchaser of the subject property is hereby notified that they may wish to insure their interest in the property to the day of deed transfer, if applicable.
Closing & Title
The Buyer is responsible for hiring their own Attorney to perform title work, prepare closing documents, and execute the closing. Buyer is responsible for their own Attorney’s fees. Auctioneer must be notified of closing attorney’s contact information to coordinate the closing.
Property may be viewed or inspected at the open preview on Sunday August 7th from 2:00 pm until 3:30 pm or by appointment or potential buyer convenience. Buyer hereby understands that the seller nor auction company is deemed liable or responsible for any injury or accident while at the property.
This property is being offered “AS – IS, WHERE IS”, and with all faults, with no Warranties expressed or implied of any kind. Property shall be conveyed with an insurable title by “General Warranty” deed with no liens or encumbrances, other than existing covenants, restrictions, and easements of record. Bidders should carefully verify all information and make their own decisions as to accuracy thereof before bidding. The successful bidder today will be required to waive their right to a Lead Based Paint inspection, if applicable.
If you are financing the property, please be prepared to present a letter of intent to loan from your financial institution.
By signing below, You, as a successful bidder agree to the terms and condition stated herein. This document is part of the non-contingent contract sale to purchase the property. This is a public offering open to all!
Bidder’s Name/Phone Number:
Announcements made day of sale take precedence over any previous advertisements!
Flatlick, Kentucky 40935
Closing shall take place on or before Oct 1, 2022