TERMS:

Auction Property

146 Acres in 16 tracts.  Located at 2704 Quirks Run Rd. Danville KY 40422.  The farm is located in Boyle County KY.  Sellers are Don & Tracy Whitaker

Auction Date/Time/Location

Saturday November 2, 2019 – 10:37 a.m. – Live Onsite at the farm.

Registration

All bidders must have proper identification and register in order to bid.  Registration will begin at 9:15 AM EDT.

Auction Sale Type

This property has been divided into 16 tracts and will be offered multi-parcel style where each tract is offered individually, or you can purchase the farm in its entirety.  Bidders will have the opportunity to purchase a single tract or any combination of tracts that they desire.

Buyer’s Premium

A 10% Buyer’s Premium will be added to the high bid and included in the total contract purchase price.  Example: High bid of $100,000.00 plus 10% Buyer’s Premium = $110,000.00 contract purchase price.

Absentee/Phone Bidding

Absentee or Phone Bidding arrangements can be made prior to Auction Day by contacting the Auctioneer, Willie Baker, at 859-319-1520.  Arrangements should be made no later than Friday November 1, 2019.

Terms of Sale

The successful bidder(s) shall be required to enter into a non-contingent auction agreement and deposit 10% of the contract purchase price in the form of Cash, Certified Funds, or approved personal check immediately following the auction.  The balance of the purchase price shall be paid on or before 45 days following the auction.

Possession

Possession shall be granted with deed transfer, subject to any existing liens, tenants, or occupants if applicable.

Real Estate Property Taxes

2019 property taxes will be paid for by the sellers.

Insurance

The successful purchaser of the subject property is hereby notified that they may wish to insure their interest in the property to the day of deed transfer, if applicable.

Closing & Title

The Buyer is responsible for hiring their own Attorney to perform title work, prepare closing documents, and execute the closing.  Buyer is responsible for their own Attorney’s fees.  Auctioneer must be notified of closing attorney’s contact information in order to coordinate the closing. 

Property Inspection

Open Auction Preview is October 27, 2019  and anytime upon request.

Special Notice

This property is being offered “AS – IS, WHERE IS”, and with all faults, with no Warranties expressed or implied of any kind.  Property shall be conveyed with an insurable title by “General Warranty” deed with no liens or encumbrances, other than existing covenants, restrictions and easements of record.  Bidders should carefully verify all information and make their own decisions as to accuracy thereof before bidding.  The successful bidder today will be required to waive their right to a Lead Based Paint inspection, if applicable.

ANNOUNCEMENTS MADE DAY OF SALE TAKE PRECEDENCE OVER ANY PRIOR INFORMATION .

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