Any competent adult with a satisfactory photo identification who properly registers and complies with the Terms of Auction may bid. Bidder must present a non refundable $5,000.00 cashier's check (per tract), made payable to Professional Title Services, to Auctioneer at the close of auction. There will be a 10% buyers premium added to the final bid to equal the contract sales price. Closing within 30 days. This contract will not be contingent upon the buyer's ability to obtain financing. If buyer is unable to obtain financing or otherwise defaults, he or she will forfeit their earnest money. Property sells 'as is' where is without any warranties expressed or implied. If the high bidder does not submit the down payment and sign the contract by 6:00 pm auction day, the seller will not be obligated to sell the property to the high bidder and may immediately enter into a contract with another buyer. Defaulting Buyer will still be responsible for down payment. Seller nor auction company are responsible for any cleanup of the property or of any remaining personal property left after auction pick-up. Buyer fully understand that the property contains lead based paint and is bidding accordingly. After closing, remaining personal property becomes property of the buyer. Potential Buyers MUST sign a Bidder
Certification Form.
Buyer fully understands that the ice company (tract 2), has currently been condemned by the City Of Jonesboro Arkansas. Potential buyers are urged to contact the city for further information regarding deadlines and requirements.
*Preliminary Title Work has been completed by Professional Title Services of Arkansas
*Subject to Owner confirmation
*No Survey provided
