100 Chase Way, Suite 1, Elizabethtown, KY 42701                   270-769-1655   


Kentucky December Caravan Auction

TERMS & CONDITIONS

AUCTION SITES: Held on site. There will be introductions and an explanation of the auction process and terms at each sale. All announcements made at each auction will take precedence over printed, advertised, or oral information.

REGISTRATION: Although there is no obligation to bid, all prospective buyers must register at the auction site. Registration will begin one hour prior to sale time on the date of the auction.

AUCTION TERMS REAL ESTATE:15% down on the day of the sale, with balance due within 30 days or less. 10% Buyer's Premium will be added to the final bid price to determine the purchase price.

AUCTION TERMS REAL ESTATE: 2000 Real Estate Taxes will be prorated between the buyer and seller.

POSSESSION REAL ESTATE: Date of deed except where noted.

CLOSING REAL ESTATE: The balance of the purchase will be due and payable at closing. Closing can be scheduled for as soon as possible but in no event shall the closing date be later than 30 days after the auction date.

AUCTION TERMS PERSONAL PROPERTY: Cash or good check in full on the day of the auction. 10% buyers premium will be added to the final bid price to determine the purchase price.

TAXES PERSONAL PROPERTY: 6% Kentucky Sales Tax charged on all applicable items. Resale certification a must for dealers. Farm exemption certification a must for farmers. No exceptions!

POSSESSION OF PERSONAL PROPERTY: When the auctioneer declares the item sold.

CONDITIONS OF SALE: All property will be sold "as is - where is" without expressed or implied warranty. All information was derived from sources believed to be correct, but is not guaranteed. Buyers shall rely on their own information, judgment, and prior inspection of the property and records. All announcements made at each auction shall take precedence over any previously printed material or any other oral statements made. Seller will furnish good and marketable title to property.

SPECIAL NOTE: Any house offered in this Caravan Auction, being built prior to 1978 will be available for private lead based paint inspection beginning 10 days prior to sale date. Waiver will be issued day of auction.

BIDDING: Bid on-line or on-site. On-line bids may be placed at www.BidRealEstate.com at any time prior to and throughout the on-site bidding process. (For complete details, visit www.BidRealEstate.com.) On-site bids will be accepted at our office prior to and on location throughout the on-site auction process. (For complete details, call 1-800-624-1782.) The highest bidder - on-line or on-site - at the conclusion of the on-site auction will be the winning bidder.

BROKER PARTICIPATION! We welcome broker participation of other real estate professionals in this important auction. A fee equal to 2% of the top bid price will be paid from the auctioneer's commission to any licensed real estate broker or sales person whose prospect successfully closes on the property. To qualify for payment of commission, your prospect must be registered with Re/Max Group Auctioneers 48 hours prior to the sale. The broker or sales person must attend and register his or her prospect the day of the sale, and must be present at the signing of the sales contract.

Call 800-624-1782 for plats, location maps and more information.

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