Absolute Online Only Auction Commercial Building

by Ford Brothers, Inc.

When

August 30, 2013 Bidding Ends August 30th @ Appox. 2 PM Eastern

Where

South Main Whitley City, KY

How

Online Only

Notes

AUCTIONEERS NOTE: Come check out this building and it’s endless commercial opportunities!

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                                           Absolute Online Only Auction

                                                 Commercial Building

                                           Bidding Ends:  Friday, August 30th

                                                 Approximately 2:00 p.m.

 

                                           South Main St. – Whitley City

 

This bank- owned property is being offered at absolute auction!

                                                            

Location – South Main Street in Whitley City.

This commercial building is located in downtown Whitley City and would be great for any professional office use. This spacious building offers a large amount of open space, plus a basement that has access to the road behind. Great for a lawyer’s office, shop, church, retail space, or easily could be converted into a rental space.

Preview Dates: Building can be viewed Wednesday August 28th and again on August 30th from 12:00 p.m. to 2:00 p.m.                                                          

AUCTIONEERS NOTE: Come check out this building and it’s endless commercial opportunities!

TERMS:   20% deposit required within 48 hours of sale completion with the balance being due in 30 days.

 

NOTE:  There will be a 10% Buyer's Premium added to the winning 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 properties are selling in their "as-is" condition with no warranties express or implied. 

 

Announcements made the day of the auction take precedence over printed matter.

 

For additional information, contact Ford Brothers, Inc. at 606-679-2212.  

 

 

 

 

 

 

 

 

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.



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.





AUCTION END TIME: Friday, August 30th, 2013 at approximately 2:00 p.m.



PREVIEW DATES: Building can be viewed August 28th and August 30th Noon til 2:00p.m



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.



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, 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.



GOOD INSURABLE GENERAL WARRANTY DEED AT CLOSING.





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.





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.



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.



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.



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 real estate taxes will be prorated for 2013. 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.

The seller will pay for deed preparation and deed tax.



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, 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.



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.



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 Pulaski 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 Ford Brothers, Inc. Auctioneers - Realtors at 1-800-526-9430

Conducted By

Ford Brothers, Inc.

Somerset:(606)-679-2212<p>London:(606)-878-7111

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