Absolute Online Auction of Condo and Personal Property
Bidding Ends Tuesday, July 7th, 2015 @ 6:00p.m.
11 Friendship Drive~ Somerset, Ky 42501
Directions: Turn off Hwy. 27 onto Bourbon Road. Follow Bourbon Road to Wallace Street and turn right. Proceed straight into the Neighborhood.
Preview Date: Tuesday, June 30th and Tuesday July 7th from 4:00 p.m. until 6:00 p.m.
Pick Up for Personal Property Items: Wednesday July 8th, 2015 Noon until 6:00 p.m.
Located in the Neighborhood and offering condo living at its best, this beautiful unit is being offered through absolute online auction. There is a spacious living room and dining area, kitchen (stove remains), master suite, guest bedroom and an additional full bath. Each of the bedrooms has a walk in closet. There is also a utility room, attached garage and a screened in porch area.
AUCTIONEERS NOTE: Conveniently located and everything at your fingertips, this condo is ideal! We also have a selection of personal items as well!! Bid online at www.fordbrothersinc.com.
TERMS: REAL ESTATE: A 20% nonrefundable deposit must be made within 48 hours of sale completion with the balance due in 30 days.
Terms: All personal property items must be paid for in full at the time of pickup. We will accept cash, check or VISA/Mastercard in full. All credit sales are subject to a 3% processing fee. . (Minimum processing fee of $3)
Note: There will be a 10% buyer’s premium added to the last bid to determine the final sales price.
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 Ford Brothers, Inc. Auctioneers - Realtors at 606-679-2212.
<br>
NOTE: There will be a 10% Buyer’s Premium added to the winning bid to determine the final sale price. <br>
<br>
<br>
PROPERTY IS OFFERED UNDER 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. <br>
<br>
Ford Brothers, Inc. Real Estate Online Auctions are timed events and all bidding will close at specified time. Ford Brothers, Inc. Real Estate Online Auctions also have an auto extend feature. If a bid is placed in the final 5 minutes of an auction, the auction ending will be automatically extended 5 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 6:05.The auto extend feature remains active until no further bids are received within a 5 minute time frame. <br>
<br>
<br>
SERVER & SOFTWARE TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Ford Brothers, Inc. reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE nor FORD BROTHERS, 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 necessary by Ford Brothers, Inc. <br>
<br>
TERMS: 20% of the total sale price down as a non refundable earnest money in the form of a certified check, cash or wire transfer within 48 hours of the close of auction. We do not accept a credit card for down payment. The balance of purchase price is due at closing, said closing 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. <br>
<br>
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.<br>
<br>
GOOD INSURABLE GENERAL WARRANTY DEED AT CLOSING. <br>
<br>
<br>
BUYER’S PREMIUM: There will be a buyer’s premium of 10% added to the bid price to arrive at final purchase price. Example: Bid Price $100,000 plus $10,000 (10% buyer’s Fee) equals purchase price of $110,000. <br>
<br>
<br>
AUCTION BIDDER DEFAULT: 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 20% earnest money deposit, the winning bidder will be charged a penalty fee of $5,000.00 on the credit card provided at auction registration. Additional default remedies are reserved by Ford Brothers, Inc. and the Seller as provided in the Auction Terms and Conditions and the Contract for Sale of Real Estate. Ford Brothers, 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. <br>
<br>
Any dispute between Ford Brothers, Inc, its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in PULASKI County, Kentucky. By bidding on the property, buyer agrees to all terms and conditions set forth.<br>
<br>
Acceptance of Bid Prices: Successful bidder(s) will be required to enter into a purchase agreement immediately following the close of the auction. Ford Brothers, Inc. will e-mail documents to be executed and said documents should be faxed or e-mailed back to Ford Brothers, 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. Ford Brothers, Inc.'s Agents, Representatives or Employees may bid.<br>
<br>
Title: As specified in the Contract for Sale of Real Estate <br>
<br>
Deed: As specified in the Contract for Sale of Real Estate<br>
<br>
Possession: As specified in the Contract for Sale of Real Estate<br>
<br>
Real Estate Taxes and Closing Cost: All real estate taxes will be prorated for 2015. 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.<br>
The seller will pay for deed preparation and deed tax.<br>
<br>
Easements: Subject to any and all easements of record, including road easements and utility easements There is an easement for a Delta Natural Gas line on the west end of the property.<br>
<br>
Zoning: This property is subject to all state and local zoning ordinances. <br>
<br>
Equipment and Inventory: The equipment owned by the seller IS NOT included in the auction. <br>
<br>
Bidder Verification: The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Ford Brothers, Inc. will reject the registration, and bidding activity will be terminated. The Seller and Ford Brothers, 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.<br>
<br>
Agency: Ford Brothers, Inc.' Agents and Representatives are agents of the Seller. Buyer and or Bidder agrees to hold harmless and indemnify Ford Brothers, 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.<br>
<br>
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 Ford Brothers, 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, Ford Brothers, Inc., Agents or Representatives. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. All decisions of Ford Brothers, Inc. are final. Any dispute between Ford Brothers, Inc., its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Laurel County, Kentucky. By bidding on the property, buyer agrees to all terms and conditions set forth.<br>
<br>
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. <br>
<br>
For additional information, contact Ford Brothers, Inc. Auctioneers - Realtors at 1-800-526-9430.<br>
<br>
TERMS FOR PERSONAL PROPERTY ITEMS: <br>
<br>
BUYER'S PREMIUM: There will be a 10% Buyer’s Premium added to the winning bid. The sum of the winning bid plus the Buyer’s Premium will be the sales price.<br>
<br>
PICK UP: Purchased items will be available for pickup Wednesday, July 8th from 12:00 noon until 6:00 p.m.<br>
<br>
AUCTION END TIMES: <br>
Ford Brothers, Inc. On line Auctions are timed events and all bidding will close at specified time. Ford Brothers, Inc. On line Auctions also have an auto extend feature. If a bid is placed in the final 2 minutes of an auction, the close of the auction will be automatically extended 2 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 6:01.The auto extend feature remains active until no further bids are received within a 2 minute time frame. <br>
<br>
All property is sold in “AS IS” and “WHERE IS” condition. ALL SALES ARE FINAL! Bidder understands and agrees that no refunds, exchanges, adjustments, charge backs, etc, will be allowed. Property is available for inspection at specified times and it is the bidder's responsibility to determine condition. Bidder's failure to inspect any item or lot will not constitute grounds for any claim, refund, adjustment, charge back, etc. <br>
<br>
All description information has been gathered from sources which we believe to be reliable but are not guaranteed. Auctioneer makes no warranty or guarantee of any kind with respect to condition, authenticity, provenance, source, condition, suitability for a particular purpose, etc. Auctioneer reserves the right to change, modify, delete any item or lot or description in the auction as may be necessary.<br>
<br>
<br>
Accepted methods of payment are cash, cashier's check or personal/business check, Visa, Mastercard (with a 3% processing fee (minimum processing fee of $3) or wire transfer. Personal and business checks will be verified for sufficient funds before items are removed from the auction site. All fees incurred by wired transfers will be paid by the purchaser. All purchases that have not been paid by Thursday, June 18th at 6:00 p.m. will automatically be charged to the credit card used at registration, with a 3% processing fee (minimum processing fee of $3).<br>
<br>
<br>
Ford Brothers, Inc absolutely DOES NOT provide shipping, shipping preparation or transportation services for any items larger than the size of largest U.S. Postal Service flat rate box. Removal of items, moving, packaging, loading, transporting, shipping and shipping preparation (on items larger than the above stated size) are the sole responsibility of the purchaser. <br>
<br>
All purchased items must be removed by the deadline stated above. Any items not removed by the deadline will, at Auctioneer's discretion, be discarded or resold with proceeds retained by Auctioneer. There will be NO REFUND to the purchaser for these forfeited items.<br>
<br>
Shipping and shipping preparation on items that will fit into a US Postal Service flat rate box will be subject to the following charges: $5 per lot handling fee (except for coins. Coins will be $1 per lot handling fee) The buyer shall pay all shipping fees prior to shipping. The shipping insurance is available through most shipping companies and would be the expense of the buyer (optional). Ford Brothers, Inc. and the sellers WILL NOT be liable for any lost or damaged packages.<br>
<br>
SALES TAX: Kentucky Sales Tax (6%) will be added to the sale price. Dealers or other exempt parties must provide proper documentation to Auctioneer before bidding.<br>
<br>
SERVER & SOFTWARE TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Ford Brothers, Inc. reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE nor FORD BROTHERS, 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 necessary by Ford Brothers, Inc. <br>
<br>
Any dispute between Ford Brothers, Inc, its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Russelll County, Kentucky. By bidding on the property, buyer agrees to all terms and conditions set forth.<br>
<br>
Agency: Ford Brothers, Inc.' Agents and Representatives are agents of the Seller. Buyer and or Bidder agrees to hold harmless and indemnify Ford Brothers, 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.<br>
<br>
Ford Brothers, Inc., reserves the right to alter this agreement at any time. This will take place by updating this site. Please check back and review these terms as every time you use this site you are agreeing to the terms as they are written at that time.<br>
<br>
Auction company employees and/or auction company may bid on and purchase auction items.<br>
<br>
BIDDER DEFAULT: Failure to complete a purchase is illegal and will result in one or more of the following (1) prosecution (2) loss of bidding privileges for Ford Brothers and all other Marknet auctions.<br>
<br>
If a bidder at any time feels his/her username, password or bidder number has been compromised due to lack of security by the bidder, notify Auctioneer immediately.<br>
<br>
For additional information, contact Ford Brothers, Inc. Auctioneers - Realtors at 1-800-526-9430.<br>
<br>
TIME IS OF THE ESSENCE in regard to all auction terms.