TERMS & CONDITIONS
PUBLIC VIEWING: December 7th, 2024, from 2:00 PM to 6:00 PM EST
PLEASE READ AND REVIEW THE TERMS THOROUGHLY PRIOR TO BIDDING.
IF YOU HAVE NOT READ AND UNDERSTAND THESE TERMS, PLEASE DO NOT BID. BY BIDDING ON THIS AUCTION, BUYER AGREES TO ALL TERMS AND CONDITIONS SET FORTH AND ENTERS INTO A CONTRACTUAL AGREEMENT TO PURCHASE THE ITEM(S) UNDER THE FOLLOWING TERMS AND CONDITIONS:
REAL ESTATE:
Conditions of Sale:
This is an online auction and not contingent on or subject to financing, appraisal, survey, or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the Agreement to Purchase Real Estate. Buyer acknowledges they are buying property “as-is,” “where-is,” without inspections or contingencies.
Closing Info:
A Buyer’s Premium of 10% is added to the high bid to determine the total sales price. Please take this into consideration when bidding. At the close of the auction, the successful Bidder will be emailed an Agreement to Purchase Contract to be executed and returned to Lawson Co. Auctioneers, LLC within twenty-four (24) hours of the completion of the auction along with a $10,000 non-refundable deposit. If the deposit is not received within 48 hours of the auction ending, Lawson Co. Auctioneers will charge the credit card on file. The entirety of the remaining balance is due at closing on or before forty (40) days from Auction Day (January 20th, 2024).
Purchaser will be responsible for all wire transfers. Per the Contract, time is of the essence; you should proceed to closing within forty (40) days. Buyer and seller shall pay their respective closing costs as is customary in Kentucky. Possession shall be given to the successful Buyer(s) at closing.
Liquidated Damages:
Successful Bidders not executing and returning their Contract with Earnest Money deposit within forty-eight (48) hours of the conclusion of the auction will be considered in default. If your closing is delayed for any reason, by you as purchaser or other parties working on your behalf, including any lender you involve, you may be declared in breach of this contract, forfeit all deposits made, and could additionally be liable for any and all costs incurred by Seller and Lawson Co. Auctioneers, LLC in a subsequent resale of the property.
Additional Conditions:
Buyer(s) must be prepared to make a cash offer.
There are no contingencies to this sale (i.e., financing, appraisal, repairs, or inspections).
This property is being sold for cash “as-is, where-is” with a closing deadline.
Auction Timing:
Bidding Starts: November 23rd, 2024, at 10:00 AM EST
Auction Ends: December 10th, 2024, at 4:00 PM EST
All Lawson Co. Auctioneers Online Only Real Estate Auctions are timed events that have an auto-extend feature. Any bid placed within 5 minutes of the auction ending will automatically extend the auction for 5 minutes from the time the bid is placed.
YOUR BID ON THIS AUCTION INDICATES BOTH AN UNDERSTANDING AND AN ACCEPTANCE OF THE TERMS OF THIS CONTRACTUAL AGREEMENT BETWEEN YOURSELF AND BOTH THE SELLER AND LAWSON CO. AUCTIONEERS. THANK YOU FOR PARTICIPATING IN OUR AUCTION!
For complete details, visit www.BidBardstown.com.
