Fantiastic Brow Property - Mentone, AL
Online Only Auction - Bidding Ends Mon. Nov. 6th @ 6:PM C.T.
- Spectacular Homesites On The Brow
- BY ORDER OF TUTWILER PROPERTIES, LLC
- House In Need of Repair
- Located Just Outside Mentone At The Entrance To Cloudmont
- Offered In Tracts, Combinations, And As A Whole.
- Property offered in Tracts, Combinations and in its entirety using the Pearce/MarkNet Alliance "Ultimate Choice" bidding platform. You can bid on the individual tract you want or in combinations. Simply click on the tract and "get bids".
INSPECTION DATES
- Sunday Oct. 29th, 2-4:PM
- Sunday Nov. 5th, 2-4:PM
Phone 205-664-4300 or 251-600-9595
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>
We do not allow Bid Retractions or Bid Withdrawals. Once you have registered and placed your bid, it becomes a legal and binding contract between you and the seller. <br>
<br>
Winning bidder must sign a non contingent sales contract and pay earnest money within 48 hours of auctions end.<br>
<br>
The property will be sold by legal description and transferred by warranty deed. <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 properties are offered in a 'ultimate choice' online auction format. Parcels are offered in tracts, combinations and its entirety. The auction does not end until all bids have been placed. If a bid is placed in the last 5 minutes, the auction will extend beyond the advertised ending time and will continue to extend as long as bids are coming in.<br>
<br>
The terms are 10% down payment with the balance due within 30 days. Time is of the essence! <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>
<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>
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 5 minutes of the auction, the bid on lot(s) will extend for 5 minutes. The bidding will extend in 5 minute increments from the time the last bid is placed until there are no more bids, and the lot sits idle for 5 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>
We do not allow Bid Retractions or Bid Withdrawals. Once you have registered and placed your bid, it becomes a legal and binding contract between you and the seller. <br>
<br>
Winning bidder must sign a non contingent sales contract and pay earnest money within 48 hours of auctions end.<br>
<br>
The property will be sold by legal description and transferred by warranty deed. <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 properties are offered in a 'ultimate choice' online auction format. Parcels are offered in tracts, combinations and its entirety. The auction does not end until all bids have been placed. If a bid is placed in the last 5 minutes, the auction will extend beyond the advertised ending time and will continue to extend as long as bids are coming in.<br>
<br>
The terms are 10% down payment with the balance due within 30 days. Time is of the essence! <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>
<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>
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 5 minutes of the auction, the bid on lot(s) will extend for 5 minutes. The bidding will extend in 5 minute increments from the time the last bid is placed until there are no more bids, and the lot sits idle for 5 minutes.