PUBLIC LIVING ESTATE AUCTION
20 Acres located in the heart of Alabaster, Alabama!
Located just off Hwy 119, very near the new Walmart Neighborhood Market and Publx Shopping Center.
Online Bidding Ends Thursday, October 29th @ 7:00pm central time.
20 Acres * Road frontage on Biddie Lane ( County Rd) * City Water *
City Sewer on property * Electricity * All wooded with old growth hardwoods *
Numerous great building sites * A rare opportunity to purchase 20 acres right in Alabaster.
Terms: 10% buyers premium. Purchaser must close within 45 days. Purchaser pays 15% down payment and must execute a non contingent sales contract within 48 hours of auctions ending. Purchaser pays $1,000 towards new survey. Property sells by the acre X 20 acres. Purchaser pays closing cost and title insurance. Closing attorney: McCleod & Associates Hoover, Alabama. Seller guarantees free and clear title. Sells subject to City of Alabaster final survey approval.
Terms<br>
<br>
REAL ESTATE AUCTION<br>
<br>
These announcements supersede any prior oral or printed statements and will be attached to and become a part of the contract.<br>
<br>
Winning bidder must sign a non contingent contract and pay earnest money within 24 hours of auctions end.<br>
<br>
The property will be sold by legal description and transferred by warranty deed. <br>
Bidding is by the acre X 20 acres.<br>
<br>
A 10% buyers premium will be added to the winning bid to determine the final sales<br>
price.<br>
<br>
Example: $100,000 bid, plus $10,000 (10% buyers premium) equals $110,000 gross sales price. <br>
<br>
The terms are 10% down payment with the balance due within 45 days. <br>
<br>
Purchaser to receive possession of the property upon delivery of deed at closing.<br>
<br>
Purchaser to pay closing cost and title insurance. Seller guarantees<br>
title to be free and clear. <br>
Purchaser to pay $1000 towards new survey of property.<br>
<br>
Closing attorney: McCleod & Associates, Hoover, Alabama.<br>
<br>
Ad Valorem taxes will be prorated at closing.<br>
<br>
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.<br>
<br>
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<br>
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<br>
or tender.<br>
<br>
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.<br>
<br>
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.<br>
<br>
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.<br>
<br>
AGENCY DISCLOSURE: Larry “Chip” Pearce Jr. has not been an agent for the Buyer in this<br>
transaction. Larry “Chip” Pearce Jr. has been an agent for the Seller in this<br>
transaction and is to be paid a commission by the Seller.<br>
<br>
Property sells subject to seller and City of Alabama and City of Alabaster final survey approval.<br>
<br>
The Auctioneer reserves the right to reject bids from anyone who does not comply<br>
with the terms and conditions of this auction.<br>
<br>
Bidding: Bidding info- When you bid your max the current bid price doesn't automatically go to your max bid. Someone else has to bid to increase the current price and the<br>
computer will automatically bid up to your max in the increments specified.<br>
<br>
This auction has what is called an auto extend feature, meaning the auction will not close until all bidding parties are satisfied. If any bids are placed within the last 10 minutes of the auction, the bid on lot(s) will extend for 10 minutes. The bidding will extend in 10 minute increments from the time the last bid is placed until there are no more bids, and the lot sits idle for 10 minutes.
<br>
REAL ESTATE AUCTION<br>
<br>
These announcements supersede any prior oral or printed statements and will be attached to and become a part of the contract.<br>
<br>
Winning bidder must sign a non contingent contract and pay earnest money within 24 hours of auctions end.<br>
<br>
The property will be sold by legal description and transferred by warranty deed. <br>
Bidding is by the acre X 20 acres.<br>
<br>
A 10% buyers premium will be added to the winning bid to determine the final sales<br>
price.<br>
<br>
Example: $100,000 bid, plus $10,000 (10% buyers premium) equals $110,000 gross sales price. <br>
<br>
The terms are 10% down payment with the balance due within 45 days. <br>
<br>
Purchaser to receive possession of the property upon delivery of deed at closing.<br>
<br>
Purchaser to pay closing cost and title insurance. Seller guarantees<br>
title to be free and clear. <br>
Purchaser to pay $1000 towards new survey of property.<br>
<br>
Closing attorney: McCleod & Associates, Hoover, Alabama.<br>
<br>
Ad Valorem taxes will be prorated at closing.<br>
<br>
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.<br>
<br>
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<br>
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<br>
or tender.<br>
<br>
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.<br>
<br>
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.<br>
<br>
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.<br>
<br>
AGENCY DISCLOSURE: Larry “Chip” Pearce Jr. has not been an agent for the Buyer in this<br>
transaction. Larry “Chip” Pearce Jr. has been an agent for the Seller in this<br>
transaction and is to be paid a commission by the Seller.<br>
<br>
Property sells subject to seller and City of Alabama and City of Alabaster final survey approval.<br>
<br>
The Auctioneer reserves the right to reject bids from anyone who does not comply<br>
with the terms and conditions of this auction.<br>
<br>
Bidding: Bidding info- When you bid your max the current bid price doesn't automatically go to your max bid. Someone else has to bid to increase the current price and the<br>
computer will automatically bid up to your max in the increments specified.<br>
<br>
This auction has what is called an auto extend feature, meaning the auction will not close until all bidding parties are satisfied. If any bids are placed within the last 10 minutes of the auction, the bid on lot(s) will extend for 10 minutes. The bidding will extend in 10 minute increments from the time the last bid is placed until there are no more bids, and the lot sits idle for 10 minutes.