Live onsite Real Estate Auction - 857 2nd St. Decatur AR - 12/11/21 @ noon
Selling for the Probate Court
857 2nd St Decatur AR
Live onsite auction starting at 12:00 noon 12/11/21
2 bedroom 1 1/2 bath with outbuilding. approx. 1000 sqft+/-. The lot size is .27 acres +/-. The garage has been enclosed and is used as a third bedroom which is approx 300 sqft and not counted in the sqft on tax records, which can easily be switched back to a garage. There is also a small out building approx. 12'X8'. Lot has second access on the backside of the property. Parcel ID 08-00566-000.
Pre-bidding will be available from now until 11:30 am the day of the sale! Winning Prebid will be submitted at the live auction at 12 noon day of sale. If winning pre-bid stands, the bidder will be notified and required to sign a real estate contract and submit a non-refundable deposit of the winning bid price "winning bid is the winning bid price plus 10% Buyer's Premium, which will be the contract price." The buyer will have 24hrs. to execute the real estate contract and submit the 10% non-refundable deposit. Failure to execute the contract and submit the deposit will result in the bidder being banned from bidding on future Block Auction sales.
Registration finalizes – Each bidder agrees to terms and conditions of sale. Do not bid unless you agree to be bound by these terms. Property to be sold as is where is with faults, without express or implied warranties of any kind. The buyer is to perform all inspections prior to auction with professionals of their choosing. Block Realty & Auction represents the sellers only and does not inspect properties on behalf of buyers and assumes no responsibility for the correctness of any descriptions.
The buyer must make a 10% non-refundable deposit at the conclusion of bidding. The buyer must also execute the sales contract and property disclosure (if available) which will be posted prior to the auction. Balance of purchase price along with all closing costs will be due within 30 days. Buyer to pay all closing costs including 10% buyer’s premium, title insurance, revenue stamps, closing fees, survey, filing costs, and any other fees. Seller will cure any title problems if necessary. Taxes will be pro-rated to the day of closing. Properties sell subject to court, bank, or seller approval. The court, bank, or seller retains their right to bid or have someone bid on their behalf. Possession will be upon closing with filing of deed. 10% deposit will be refunded if the seller defaults. Property is sold with no contingencies, the buyer should conduct all inspections required by the lender prior to the auction. If a lender is being used, the buyer should be pre-qualified.
The purchase price is the amount of the highest bid plus 10% buyer’s premium to make a total purchase price. Buyer to make a 10% non-refundable deposit of the total purchase price.
***Example – High bid is $500,000
$500,000 plus $50,000 = $550,000
10% non-refundable deposit = $55,000
All information given orally or in writing was derived from sources believed to be correct but is not guaranteed. All real estate dimensions are only approximations. Buyers shall rely entirely on their own information, judgment, and inspection of the property and records