Auction! Saturday November 7, 2020!

Baker Auctions & Real Estate – Auction Terms & Conditions

Willie Baker – Principal Auctioneer/Broker

Auction Property

4 Bedroom 2 Bath Brick Home – 217 Forrest Ave. Danville KY, 40422

Auction Date/Time/Location

Saturday November 7, 2020 – 10:37 a.m. – Live Onsite – Online Bidding available.

Registration

Registration will begin at 9:15 AM EDT.

Auction Sale Type

This property is sold in 1 tract in its entirety to the Highest bidder.

Buyer’s Premium

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/Phone Bidding

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.  Deposit is NON-REFUNDABLE.  The balance of the purchase price shall be paid on or before December 11, 2020.

Possession

Possession shall be granted with deed transfer, subject to any existing liens, tenants, or occupants if applicable.

 

Real Estate Property Taxes

2020 Real Estate Taxes shall be paid by the Seller.

Insurance

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 in order to coordinate the closing. 

Property Inspection

Open Auction Preview is November 1st, 2020 1:30 p.m. till 3:30 p.m. or anytime upon request.

Special Notice

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.

Bidder’s Acknowledgement

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!

Signature:                                                                                Date:                                                  

Bidder’s Name/Phone Number:                                                                                            

Bidder’s Email Address:_____________________________________________________

Address:                                                                                                                                 

Announcements made day of sale take precedence over any previous advertisements!

 

Sells AS IS WHERE IS – NO Warranties Expressed or Implied

Sells Subject to ALL Easements Above/Below Grade

This Property does NOT sell subject to an Appraisal

This Property does NOT sell subject to any Inspections

10% Down Payment is NON-REFUNDABLE

It is the Buyer’s Responsibility to notify me of their Attorney of choice to perform Title Work and Closing

Closing Shall be on or before December 11, 2020 – Time is of the Essence!