NOTE: There is a 10% Buyer's Premium.
PROPERTY IS OFFERED SUBJECT TO THE SPECIFIC TERMS PROVIDED IN THE PURCHASE CONTRACT. PLEASE READ AND REVIEW THE CONTRACT THOROUGHLY PRIOR TO BIDDING ON ANY PROPERTY. IF YOU HAVE NOT READ AND REVIEWED THE CONTRACT FOR SALE OF REAL ESTATE, DO NOT BID.
AUCTION END TIMES:
Thomas R. Hunt Auctioneers, Inc., Real Estate Online Auctions are timed events and all bidding will close at specified time. Thomas R. Hunt Auctioneers, Inc Real Estate Online Auctions also have an auto extend feature. Any bid placed in the final 10 minutes of an auction will automatically extend the end time for a period of 10 minutes from the time the bid was placed. Example: if an auction scheduled to close at 6:00 receives a bid at 5:59, the close time will automatically extend to 6:09. The auto-extend feature remains active until no further bids are received within a 10 minute time frame.
REFRESH YOUR SCREEN CONSTANTLY DURING THE CLOSING MINUTES OF THE BIDDING
SERVER & SOFTWARE
TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Thomas R. Hunt Auctioneers, Inc reserves the right to extend bidding, continue the bidding, or close the bidding.
NEITHER THE COMPANY PROVIDING THE SOFTWARE nor THOMAS R. HUNT AUCTIONEERS, INC. SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to registered bidders with updated information as deemed reasonable by Thomas R. Hunt Auctioneers, Inc
TERMS:10% of the contract price (winning bid + 10% buyers premium) shall be submitted as non- refundable earnest money down payment in the form of a check, cash, or wire transfer within 48 hours of the close of auction. We cannot accept a credit card for down payment. The balance of purchase price is due at closing. Closing is to be within 30 days of close of bidding. Purchaser shall be responsible for all wire transfer fees. Closing will be as specified in the Contract for Sale of Real Estate.
This online only auction is a CASH SALE not contingent on or subject to financing, appraisal, survey or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Contract for Sale of Real Estate. Bidders are encouraged to perform on-site inspections of the property prior to bidding. However, failure to do so in no way relieves the buyer of any of the terms or conditions set fort here.
GOOD INSURABLE DEED AT CLOSING. The purchaser will receive a general warranty deed. An existing mortgage will be satisfied with proceeds from the sale.
BUYER’S PREMIUM: 10% will be added to the winning bid to determine the contract price for the property being auctioned.
AUCTION BIDDER DEFAULT: A successful bidder not executing and returning the contract with earnest
money deposit within 48 hours of the conclusion of the auction will be considered in default. In the event a winning bidder fails to submit the signed Contract for Sale of Real Estate and earnest money deposit within the allotted time, the winning bidder will be charged a penalty of no less than 5% of the winning bid. Any legal remedy available may be used to collect these charges. Additional default remedies are reserved by Thomas R. Hunt Auctioneers, Inc and the Seller as provided in the Auction Terms and Conditions and the Contract for Sale of Real Estate. Thomas R. Hunt Auctioneers, Inc. reserves the right to sell to the second highest bidder in the event the successful high bidder does not comply with the terms of the sale.
Any dispute between Thomas R. Hunt Auctioneers, Inc its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Warren County, Kentucky. By bidding on the property, buyer agrees to all terms and conditions set forth.
Acceptance of Bid Prices: Successful bidder(s) will be required to enter into a purchase agreement immediately following the close of the auction. Thomas R. Hunt Auctioneers, Inc will e-mail documents to be executed and said documents should be faxed or e-mailed back to Thomas R. Hunt Auctioneers, Inc within 48 hours of the end of the auction. Successful bidders not executing and returning contracts with earnest money deposit within 48 hours will be considered in default. Any and all inspections that a buyer may want must be done at buyer’s expense prior to the close of the online bidding. Thomas R. Hunt Auctioneers, Inc Agents, Representatives or Employees may bid.
Title: As specified in the Contract for Sale of Real Estate.
Deed: As specified in the Contract for Sale of Real Estate.
Possession: As specified in the Contract for Sale of Real Estate
Real Estate Taxes and Closing Cost: All taxes will be prorated between the buyer and the seller for the year in which the closing occurs.
The purchaser will pay all other closing costs associated with the purchaser’s side of the sale, including local and state recording fees and any cost associated with the purchaser’s loan.
Easements: Subject to any and all easements of record.
Zoning: This property is subject to all state and local zoning ordinances.
Bidder Verification: The identity of all bidders will be verified, bidding rights are provisional, and if complete
verification is not possible, Thomas R. Hunt Auctioneers, Inc will reject the registration, and bidding activity will be terminated. The Seller and Thomas R. Hunt Auctioneers, Inc reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. Bidders agree to keep their username and password confidential as they are responsible for ANY and ALL activity involving their account. When using the web site you must obey any and all local, state, and federal laws. Violations will result in termination of web site use privileges.
Agency: Thomas R. Hunt Auctioneers, Inc Agents and Representatives are agents of the Seller. Buyer and or Bidder agrees to hold harmless and indemnify Thomas R. Hunt Auctioneers, Inc and its Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.
NEW DATA, CORRECTIONS AND CHANGES: Please check for updated information prior to scheduled auction time to inspect any changes, corrections, or additions to the property information. Disclaimer & Absence of Warranties: All information contained in this information packet and all related materials are subject to the terms and conditions outlined in the Contract for Sale of Real Estate agreement. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation either expressed or implied, concerning the property is made by the Seller or Thomas R. Hunt Auctioneers, Inc Agents or Representatives. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in the brochure and on the website is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller, Thomas R. Hunt Auctioneers, Inc. Agents or Representatives. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. All decisions of Thomas R. Hunt Auctioneers, Inc. are final. Any dispute between Thomas R. Hunt Auctioneers, Inc. its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Warren County, Kentucky. By bidding on the property, buyer agrees to all terms and conditions set forth.
Auctioneer/Broker/Seller Disclaimer: The information contained herein is believed to be correct to the best of the auctioneer’s knowledge. The information is being provided for the bidder’s convenience and it is the bidder’s responsibility to determine the information contained herein is accurate and complete. The property is selling in its ‘as-is’ condition with no warranties expressed or implied.
For additional information, contact Thomas R. Hunt Auctioneers, Inc at 1-270-782-2299.
From the Dam at Barren River Lake, go E. 5 miles on Hwy 252 to a right onto Joe Morris Road to Indian Point Subdivision. From Glasgow KY, go S on Hwy 31-E to right on Hwy 252 at Haywood. Follow to a left on Joe Morris Rd. as above.