REAL ESTATE ONLINE AUCTION
138 Acres, more or less, house, multiple barns and sheds located at 2745 Ricetown Road, Hayden, Blount County, Alabama. Personal property not included in this sale agreement. Per the Blount County, Alabama tax records, description is listed as:
Parcel ID#1208340000006003 (1.2 acres, paved drive)
Parcel ID#2302030000003002 (80 acres, HOUSE & BARNS)
Parcel ID#1208340000005001 (15 acres, BARNS)
Parcel ID#1208340000005000 (43 acres)
Terms & Conditions
These announcements supersede any prior oral or printed statements and will be attached to and become a part of the sale contract.
Once you have registered and placed a bid, there are no bid retractions or bid withdrawals. Property sells “Subject to Seller Confirmation”.
The successful buyer must sign a non contingent sales contract and pay earnest money within 24 hours of the auctions ending time.
A 10% buyers premium is added to the winning bid to determine the final sales price.
Winning bidder must submit 10% earnest money and close within 30 days or no later than August 26th, 2018. . Payment by Bank Wire Transfer to Pearce & Associates or Certified Funds made payable to Pearce & Associates.
Time is of the essence.
The seller reserves the right to occupy the property up until September 26th, 2018. Purchaser may take possession on September 26th or sooner if the seller has vacated the property.
Property sold by legal description and transferred by warranty deed.
Purchaser pays closing cost and title insurance. Closing attorney: McCleod & Associates, Hoover, Alabama. Seller guarantees free and clear title to the property.
Ad Valorem taxes will be prorated at closing.
PROPERTY SOLD SUBJECT TO THE FOLLOWING: All outstanding easements of any kind on said property, including but not limited to, roads, right of ways, utilities, water lines, and the like; any mineral, oil and past conveyances, leases or reservations; to any cemeteries that might exist on the property, outstanding leases recorded or unrecorded; zoning ordinances affecting the property; restrictions of record; wet lands; all rules and regulations of any appropriated authority having jurisdiction over the property, and any recorded encroachments of record.
BUYERS NOTE: Prior to the auction all prospective purchases should examine the property and all surrounding documents carefully as each bidder is responsible for evaluating the property and shall not rely on the sellers nor the auctioneers. Sellers and Auctioneers are assuming that the bidders have inspected the property and are satisfied and accept it “As
Is” without warranties expressed or implied. Personal on-site inspection of the property is recommended. Failure of any bidder to inspect or to be fully informed as to the condition of all or any portion of the property offered, will not constitute any grounds for any claim or demand for adjustment or withdrawal of a bid, offer or earnest money after its opening
Personal property items that are not included in this auction are the horse display, vintage gas pump, (2) windmills, shop lift and any materials and/or gates and panels not currently attached. The seller reserves the right to remove those items for personal use at their new residence. Items included in this auction are all appliances except the washer and dryer and all drapery in the house.
All information was obtained from sources deemed reliable. Although every precaution has been taken to insure accuracy, the sellers and all of their agents will not be responsible for any errors or omissions herein.
Default by the Seller: If the Sellers are unable to make conveyance and to give title as herein agreed, the earnest money shall be refunded to the buyer and all obligations of either party shall wholly cease.
Default by the Buyer: Should the Buyer default in the performance of his/her contract in the time and the manner specified, then the earnest money shall be retained as partial liquidated damages and the seller may sue for specific performance.
AGENCY DISCLOSURE: Larry “Chip” Pearce Jr. has not been an agent for the Buyer in this transaction. Larry “Chip” Pearce Jr. has been an agent for the Seller in this
transaction and is to be paid a commission by the Seller.
The Auctioneer reserves the right to reject bids from anyone who does not comply with the terms and conditions of this auction.