Merced Probate Real Estate Auction - Selling @ 12:03 PM on March 20th, 2022 - Block Realty & Auction

Merced Probate Real Estate Auction - Selling @ 12:03 PM on March 20th, 2022

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Live auction for the Merced Probate Real Estate Auction - 12:03 PM Sunday, March 20th.

11472 Lakeview DR. Lowell AR 72745

LOTS 11,12 FRISCO SPRINGS SUB-RURBAN PARCEL # 15-03378-000

This Property has a Large older Storage Building , that has Water & Lights . There is a Winter View of the Lake ( Beaver) . good roads to the property last 1 10th of mile is gravel .

PERSONAL PROPERTY TO SELL ON MARCH 19TH @ 7:PM CENTRAL ON BLOCKAUCTION.HIBID.COM

THE SUBJECT SITE IS IN EAST LOWELL
IN THE ROGERS SCHOOL DISTRICT. THIS AREA IS DEVELOPED WITH MOSTLY SINGLE-FAMILY HOMES ON SMALL TO LARGE ACRE
TRACTS. THERE ARE SOME POULTRY AND CATTLE OPERATIONS IN THE AREA. THE IMMEDIATE AREA AROUND THE SUBJECT IS
PASTURE/WOODED LAND. BEAVER LAKE IS JUST TO THE EAST.

1.16 ACRES PER ASSESSOR RECORDS

THERE WERE NO ADVERSE EASEMENTS,
ENCROACHMENTS OR ADVERSE CONDITIONS WERE OBSERVED AT THE TIME OF THE INSPECTION. THE STREET IS GRAVEL AND PUBLICLY
MAINTAINED.

THE SUBJECT PROPERTY HAS AN OLDER STORAGE BUILDING/SHOP.

 

 

 

PROBATE AUCTION

RESERVE TERMS AND CONDITIONS OF SALE

 

1.                PROPERTY TO BE SOLD WITH A 10% BUYER’S PREMIUM WHICH WILL BE ADDED TO THE SALE PRICE OF THE PROPERTY.

2.                Anyone who can meet the conditions of cash at closing with no contingency of the sale is eligible to bid and purchase the property.  This includes any and all Auctioneers, Real Estate Agents, and Brokers, including family and friends of the Owner, Auctioneer, or Real Estate Broker.

3.                In all Real Estate Auctions conducted by AUCTION MANAGEMENT CORP. REALTY represent the Seller in the Real Estate transaction.

4.                Real Estate Auction participation is offered on the Internet to Absentee bidders.  The absentee bids may be presented live by a representative of AUCTION MANAGEMENT CORP. REALTY up to the Absentees bidder’s maximum bid.

5.                The successful bidder will be required, upon conclusion of the auction to immediately sign an Arkansas Real Estate Purchase Agreement outlining the specific terms and conditions of the sale.

6.                The successful bidder will be required, upon conclusion of the Auction to immediately provide good funds / Earnest Money in the form of Cash, Cashiers Check, or Personal check for $5,000 or 10% of final bid price whichever is greater.  The check will be deposited immediately to the title company.  Earnest Money is NON-REFUNDABLE if the buyer fails to close for ANY reason including failure to obtain financing.

7.                This Real Estate Auctions is an Undisclosed Reserve Bid Auction as defined by the National Auctioneers Association.  The Seller will have the right to accept or decline the highest bid at the conclusion of the auction process.  The seller retains the right to have others bid on their behalf, up to and including the reserve amount.

8.                Closing date will not be later than 30 days from acceptance of the Real Estate Contract.  The balance of the purchase price is due in cash at closing.

9.                Buyer will pay all normal costs associated with the Buyer’s side of a normal Arkansas Real Estate transaction.  Seller to guarantee clear title.

10.             Property is sold AS-IS.  The seller will furnish a general warranty deed guaranteeing a clear and marketable title.

11.             All taxes and special assessments currently due plus any prorated portion used by the seller will be paid by the seller or adjusted at closing.

12.             No warranties are expressed or implied by the Seller or AUCTION MANAGEMENT CORP. REALTY including its real estate Agents and Auctioneers regarding the property or its use, any improvements to regulations, laws, or ordinances.  Buyer needs to satisfy self, PRIOR TO AUCTION, that property satisfies their requirements.

13.             The conduct of the auction and increments of bidding are at the discretion of the Auctioneer.  Any announcements made by the Auctioneer at the time of the sale take precedence over any previous notices.

14.             Property is auctioned as a Cash sale.  Buyers must have secured funds prior to bidding.  Seller provides no guarantee of Appraisal or Condition.

15.             Buyer must satisfy self of property condition PRIOR to Auction and bidding process.

16.             Buyer must also completely satisfy self of CONDITION and any boundaries, easements, restrictions, covenants, conditions, or restrictions prior to the auction bidding process.