Betty Smith - Sparkman Real Estate

Stafford Auction & Realty

 

Date(s) 9/1/2017 - 9/23/2017

SATURDAY, SEPTEMBER 23, 2017 @ 10:00 AM CST

Past Auction
Bidding Notice:

Please do your own inspection of the property prior to bidding. There will be no bid retractions allowed.

Auction Information
Name Betty Smith - Sparkman Real Estate
Auctioneer
Type Live Webcast Auction
Date(s) 9/1/2017 - 9/23/2017
Auction Date/Time Info
SATURDAY, SEPTEMBER 23, 2017 @ 10:00 AM CST
Preview Date/Time Monday, September 18 from 3:00-5:00 PM CST, or doors open 8:00 AM CST day of auction.
Checkout Date/Time Real Estate: Winning bidder will be required to pay $3,000 as non-refundable earnest money by 2 PM CST Monday,September 25, 2017. The balance will be due in approximately 45 days at closing.
Location
Buyer Premium 10% Buyer's Premium
Description
3BR 1BA HOME W/LARGE ATTACHED SHOP BUILDING ON ½ ACRE MOVING REAL ESTATE AUCTION SATURDAY, SEPTEMBER 23, 2017 @ 10:00 AM BID LIVE or ONLINE on the Real Estate Only SELLING TO THE HIGHEST BIDDER Location: 767 W Main (Hwy 8), Sparkman, AR. After 43 years at this location, Mrs. Betty Smith is moving and will be selling her home at public auction. Real Estate consists of a clean 3BR 1BA home w/metal roof and a large attached shop area that was at one time a Mom & Pop Grocery/Station. It sits on Hwy 8 (Main St) in Sparkman. TERMS: There will be a 10% buyer's premium added to the final bid to determine the total contract price on real estate. On the real estate, we will require $3,000 down day of auction as non-refundable earnest money if you are the successful bidder. Balance due at closing in 45 days. INSPECTION OF REAL ESTATE: Monday, September 18 from 3:00-5:00PM, or doors open 8:00AM day of auction.
By participating in this auction the bidder agrees to the following terms and conditions: 1. No Buybacks: The owner is contractually prohibited from bidding on his, her or its own property. 2. Buyer's Premium: A ten percent (10%) buyer's premium will be added to the high bid price to determine the total contract sales price. 3. Payment: The Purchaser shall pay an amount equal to the bid price plus the buyer's premium in USD to Stafford Auction & Realty by 2:00 PM CST on Monday, September 25, 2017. Stafford Auction & Realty shall accept the following forms of payment: CASHIER'S CHECK OR WIRE TRANSFER. Contact: 501-384-5352. NO CREDIT CARD PAYMENT WILL BE ACCEPTED. CREDIT CARD WILL BE REQUIRED TO REGISTER TO BID. 4. Cash Sale: This is a cash sale and is NOT contingent on Purchaser's ability to obtain financing. 5. Possession: Purchaser will receive possession at closing on or before 45 days from date of auction. 6. As-Is Sale: The Purchaser shall accept the property in an as-is condition with all faults as of the auction date and the purchaser shall specifically agree that the seller has not and does not make any representations or warranties of any kind whatsoever, expressed or implied, to the purchaser regarding the property or any improvements thereon. The purchaser shall have satisfied himself as to the condition of the property, and all descriptions thereof, before bidding. All information contained in the promotional materials was provided by the seller and is believed to be correct; however, neither the seller nor the auctioneer makes any guarantee or warranty as to the accuracy or completeness of such information 7. Agency: Stafford Auction & Realty and its representatives are exclusive agents of the Seller and are agents of no other party to this transaction. 8. Miscellaneous: All decisions of the auctioneer are final as to the methods of bidding, disputes among bidders, increments of bidding and any other matters that may arise before, during, or after the auction. Seller reserves the right to deny any person the right to participate in the auction or to ban anyone from the auction who attempts to disrupt it. 9. Equal Opportunity Clause: All bidding is open to the public. The property is available to qualified purchasers without regard to a prospective purchaser's race, color, religion, sex, familial status, national origin, or physical handicap. 10. Debt Collection and Interest Charge: In the event the high bidder does not pay in full by the allotted date and time, the back-up bidder will be deemed the winning bid. Any debt collection or dispute proceedings will be heard in Hot Spring County, Arkansas. The bidder agrees to pay all reasonable attorney fees and other costs incurred by Stafford Auction & Realty in its efforts to collect unpaid funds from the bidder. 11. Guaranty Agreement: By submitting a bid in the name of a business entity or corporation, the individual submitting the bid enters into a guaranty agreement whereby he or she personally guarantees payment of any bid amount not paid when due by the business entity or corporation, for any reason, together with all collection expenses incurred to enforce collection, including a reasonable attorney's fee. 12. Age Requirement: All bidders must be 18 years of age or older. 13. Bidder Information and Security: All registration information the bidder provides to Stafford Auction & Realty shall be current, complete, and accurate. All bidders are responsible for any bids placed under their bidding numbers and passwords. The security of bidder information is the responsibility of the bidder. Bidders must notify Stafford Auction & Realty if they believe that their bidder number and password have been compromised. 14. Server & Software Technical Issues: In the event here are technical difficulties related to the server, software or any other online auction-related technologies, Stafford Auction & Realty reserves the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software nor Stafford Auction & Realty shall be held responsible for a missed bid or the failure of the software to function properly for any reason. 15. The auctioneer reserves the right to cancel, suspend, extend or reschedule the auction. The auctioneer reserves the right to make changes to the auction closing times or inspection times. All announcements made day of sale take precedence over all printed materials. 16. Bidder will not be allowed to retract online bids for any reason. Bidder should not bid unless they have full intention to purchase the property.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 1,000.00 100.00 USD
1,000.01 - 50,000.00 250.00 USD
50,000.01 - 9,999,999.99 500.00 USD
Currency USD
Buyer Premium 10% Buyer's Premium
Payment Terms
Payment: The Purchaser shall pay an amount equal to the bid price plus the buyer's premium in USD to Stafford Auction & Realty by 2:00 PM CST on Monday, September 25, 2017. Stafford Auction & Realty shall accept the following forms of payment: CASHIER'S CHECK OR WIRE TRANSFER. Contact: 501-384-5352. NO CREDIT CARD PAYMENT WILL BE ACCEPTED. CREDIT CARD WILL BE REQUIRED TO REGISTER TO BID.
N/A
Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.