Lot # : 100 - Real Estate Auction

ADDRESS 2002 W.MISSISSIPPI ST. BEEBE AR, 72012 HOUSE AND 7 ACRES M/L LOCATED IN SECTION 12, TOWNSHIP FIVE (5) NORTH RANGE NINE (9) WEST, BEEBE (WHITE CO.) ARKANSAS 72012 AUCTION BEGINS ON SEPTEMBER 2ND AT 1 P.M. AND AUCTION ENDS ON FRIDAY, OCTOBER 11TH AT 11:00 AM WITH ON SITE AND ONLINE SIMULCAST BIDDING AT 11:00AM. REAL ESTATE IS OFFERED "AS IS" IN IT'S PRESENT CONDITION WITHOUT WARRANTY OR GUARANTEE OF ANY KIND. NO REPAIRS, IMPROVEMENTS, APPRAISALS, SURVEY OR ADJUSTMENTS WILL BE MADE BY THE SELLER(S) OR AUCTION COMPANY. SALE OF REAL ESTATE IS SUBJECT TO THE CONFIRMATION OF THE TRUSTEE OF THE ESTATE. SHOWN BY APPOINTMENT. THE REAL ESTATE IS BEING OFFERED FOR CASH AT CLOSING. DON RANEY, LIGHTLE LAW FIRM, SEARCY, AR 72143 WILL SERVE AS THE SELLERS CLOSING AGENT. SALE OF REAL ESTATE IS NOT CONTINGENT UPON BUYERS ABILTY TO OBTAIN FINANCING. MAKE YOUR FINANCIAL ARRANGEMENTS PRIOR TO BIDDING. BUYERS ARE ENCOURAGED TO INSPECT THIS PROPERTY PRIOR TO BIDDING AND PERFORM THEIR OWN DUE DILIGENCE AND INVESTIGATION OF THE REAL ESTATE. BIDDERS MUST RELY UPON THEIR OWN INVESTIGATION. THIS IS A "AS IS" OFFERING IN IT'S PRESENT CONDITION. BIDDER(S) AGREE THAT THEY HAVE INSPECTED THE REAL ESTATE OR WAIVE THEIR RIGHT TO INSPECT. RECORDS SHOW THAT THE HOME IMPROVEMENT WAS BUILT IN 1974 AND THEREFORE IS SUBJECT TO LEAD BASE PAINT ANNOUNCEMENT. BUYERS WILL BE REQUIRED TO SIGN A LEAD BASE PAINT DISCLOSURE FORM. SELLER STATES THAT SELLER HAS NO KNOWLEDGE OF LEAD BASE PAINT OR LEAD BASE PAIT HAZARD AND SELLER HAS NO REPORTS OR RECORDS PERTAINING TO LEAD BASE PAINT OR LEAD BASE PAINT HAZARD IN THE HOUSE. PURCHASER WILL WAIVE THE OPPORTUNITY TO CONDUCT A RISK ASSESSMENT OR INSPECTION FOR THE PRRESENCE OF LEAD BASED PAINT AND/OR LEAD BASE PAINT HAZARD. ALL INSPECTINS MUST BE DONE PRIOR TO OCTOBER 11TH. REAL ESTATE IS BEING OFFERED "AS-IS" IN ITS CURRENT CONDITION WITHOUT IMPROVEMENTS OF ANY KIND. NOTE: NEAL DAVIS AUCTION COMPANY REPRESENTATIVE WILL BE ON THIS PROPERTY AT 9:00 A.M. DAY OF AUCTION. ONLINE BUYERS WILL BE CONTACTED BY E-MAIL AND PHONE TO MAKE ARRANGEMENTS TO SIGN A REAL ESTATE CONTRACT BY 5:00PM BUYER WILL BE REQUIRED TO PLACE DOWN A 10% NON-REFUNDABLE DOWN PAYMENT ON FRIDAY OCT. 11TH BY 5 P.M. DAY OF AUCTION AND SIGN THE REAL ESTATE CONTRACT. CLOSING TO BE CONDUCTED WITH IN 45DAYS OF THE APPROVAL OF THE CONTRACT. THERE IS A 10% BUYERS PREMIUM THAT WILL BE ADDED TO THE BID PRICE TO ESTABLISH THE CONTRACT PRICE. SELLER(S) WILL PROVIDE A GOOD DEED, TITLE INSURANCE IN THE AMOUNT OF THE PURCHASE PROCE AND PRO RATE TAXES TO DATE OF CLOSING. BUYER AND SELLER WILL PAY ONE HALF OF THE COST OF STAMPS FOR DEED. BUYER MAY CHOOSE A CLONG AGENT OR DIRECT AUCTION COMPANY TO EMPLOY A CLOSING AGENT ON THEIR BEHALF. BUYER AGREES TO PAY BUYERS CLOSING COST AND BUYERS CLOSING COMPANY FEES. AUCTION COMPANY IS A AGENT FOR THE SELLER ONLY IN THIS TRANSACTION. NEAL DAVIS AUCTION AND REALTY CO. AALB #1 PB 6564 501-940-2138 BROKER/AUCTIONEER JASON DAVIS AALB #1202 501-454-3382 SA/AUCTIONEER Our software allows you to place a "max bid" if you desire. The software will then bid on your behalf, up to your max bid in competition with other bids. You will be emailed an invoice at the close of the auction. Auction company is not responsible for internet issues you may experience during closing. We reserve the right to pause/postpone the closing if there are technical issues out of our control. We encourage you to follow Davis Auctioneers on Facebook as we will post updates and any announcements regarding changes to the auction closing.