PUBLIC ONLINE AUCTION
By order of the Shelby County Alabama Probate Courts
Estate Settlement Auction - Bidding ends Friday, September 1st @ 11:00am.
Auction on this property starts at $1.00 but sells subject to approval of the Shelby County Alabama Probate Courts.
2912 Macalpine Circle, Birmingham (Hoover), Alabama 35242. Located near Inverness Country Club one mile off Valleydale Road.
Pearce & Associates is conducting a Residential Property Auction ordered by the courts on behalf of the late owners heirs.
Data provided from the recent appraisal conducted on the home.
Parcel ID#10-1-11-0-003-01.000
2022 Taxes - $998.28
Built in 1978. *. 1686 Sq Ft gross living space above basement. *. 1666 Sq Ft basement with 909 finished. *.
3 Bedrooms. *. 2 Bathrooms main level, 1/2 bath basement. *. Refrigerator/Range/DW/Disposal/Microwave. *
Screen Deck. *. Utilities - Electric/Gas/Water/Sewer
Fantastic location near Hwy 17 and near Inverness Country Club. Shelby County, Alabama.
A recent home inspection report and a professional appraisal (as is condition) has been conducted. We will post those reports for your review and download not his site. The property is being sold As Is. Property will be sold free and clear of any liens. The property will be selling subject to the courts approval.
A 2% brokers participation fee is offered to qualified broker/agents. To qualify, an agent/broker must complete a brokers participation form prior to your client registering for this auction. Once a client has registered, we don't accept brokers participation for that client. You can download a brokers participation form on this site, or you can email us for a copy - [email protected] or call 205-664-4300.
Larry "Chip" Pearce - Auctioneer/Broker/Appraiser - AL#1088
Madelyn Pearce, CAI, CES - Auctioneer/Certified Estate Specialist - AL#5626
REAL ESTATE AUCTION - By order of the Shelby County Alabama Probate Courts.
Selling Subject to court approval.
These announcements supersede any prior oral or printed statements and will be attached to and become a part of the contract.
An Auction is considered to be a "CASH PURCHASE" and is not subject to any financing. The contract is without contingencies.
Winning bidder must sign a non contingent contract and pay earnest money within 24 hours of auctions end. Once the contract has been executed by the purchaser and earnest money has been paid, the contract will be submitted to the Shelby County Alabama Probate Courts for their approval.
The property will be sold by legal description and transferred by warranty deed.
A 10% buyers premium will be added to the winning bid to determine the final sales
price.
Example: $100,000 bid, plus $10,000 (10% buyers premium) equals $110,000 gross sales price.
The terms are 10% down payment with the balance due within 30 days.
Purchaser to receive possession of the property upon delivery of deed at closing.
Purchaser to pay closing cost and title insurance. Seller guarantees
title to be free and clear.
Closing attorney for this estate - Mike Atchison, Shelby County Title & Abstract, Columbiana, Alabama.
Ad Valorem taxes will be prorated at closing.
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.
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
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
or tender.
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.
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.
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.
AGENCY DISCLOSURE: Larry “Chip” Pearce Jr. has not been an agent for the Buyer in this
transaction. Larry “Chip” Pearce Jr. has been an agent for the Seller in this
transaction and is to be paid a commission by the Seller.
The Auctioneer reserves the right to reject bids from anyone who does not comply
with the terms and conditions of this auction.
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
computer will automatically bid up to your max in the increments specified.
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.