ABSOLUTE AUCTION - Online Bidding Only!
Estate Settlement - Wasser, LLC
11.7 Acres, more or less located in Coosa County, Alabama, just South of Mitchell Dam on the Coosa River. Property appears to have significant water frontage on the River.
This property is located at the entrance to Old Ferry Road and fronts County Highway 22.
Directions from I-65: Take the Clanton, Exit #205 (Hwy 31). Turn South on Hwy 31. Follow Hwy 31 towards Verbena. Turn east on Hwy 22. Follow 22 to the Coosa River Bridge. Once you cross the river, the property is located on the left, accross from Old Ferry Road.
NOTE: The heirs of Wasser LLC live out of State. This property is one of several properties owned by the estate. We have sold several other properties for this estate. Since the family is out of State, we have limited information on the property other than the parcel ID number. There has not been a recent survey of the property. the property sells by legal description and ownership transfers by warranty deed.
10% buyers premium. Seller guarantees free and clear title. No liens or encumbrances. Purchaser is buying in as is, condition. Purchaser pays closing cost and title insurance. Closing attorney's: McCleod & Associates in Hoover, Alabama. 15% down payment due at auctions close and purchaser must execute a non contingent sales contract.
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REAL ESTATE AUCTION<br>
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These announcements supersede any prior oral or printed statements and will be attached to and become a part of the contract.<br>
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Winning bidder must sign a non contingent contract and pay earnest money within 24 hours of auctions end.<br>
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The property will be sold by legal description and transferred by warranty deed. <br>
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A 10% buyers premium will be added to the winning bid to determine the final sales<br>
price.<br>
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Example: $100,000 bid, plus $10,000 (10% buyers premium) equals $110,000 gross sales price. <br>
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The terms are 10% down payment with the balance due within 30 days. <br>
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Purchaser to receive possession of the property upon delivery of deed at closing.<br>
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Purchaser to pay closing cost and title insurance. Seller guarantees<br>
title to be free and clear. <br>
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Ad Valorem taxes will be prorated at closing.<br>
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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>
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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>
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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>
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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>
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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>
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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>
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The Auctioneer reserves the right to reject bids from anyone who does not comply<br>
with the terms and conditions of this auction.<br>
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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>
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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.