21.9 +/- Acres with 1190 +/- ft of road frontage on Elk Cave Rd.
Baker Auctions & Real Estate – Auction Terms & Conditions
Willie Baker – Principal Auctioneer/Broker
The Eriks Lickums Estate.
92 +/- Acres on Elk Cave Rd. Gravel Switch KY, 40328
Saturday October 16, 2021 – 10:37 a.m. – Live Offsite at the Forkland Community Center with Online Bidding Available.
Registration will begin at 9:15 AM EDT.
Auction Sale Type
This will be a Multi-Par style auction and sold in 4 separate tracts or any combination of tracts to the Highest bidder(s).
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 place a non-refundable deposit of 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 45 days post auction.
Possession shall be granted with deed transfer, subject to any existing liens, tenants, or occupants if applicable.
Real Estate Property Taxes
2021 Real Estate Taxes shall be pro-rated if possible.
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.
Open Auction Preview to be held on Sunday October 10, 2021, from 2pm to 4pm and anytime upon request.
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.
We do accept online bidding. We have registered bidders for this auction from across the country and they have received approval to bid prior to sale day.
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!
Gravel Switch, Kentucky 40328
Close on or Before 45 Days Post Auction
THE ERIKS LICKUMS ABSOLUTE AUCTION
10% BUYERS PREMIUM