These conditions of sale supersede any prior oral or printed statement
and will be attached and become part of the sales contract.
Southeast Auction has a contract to sell 5.6 +/- acres located at 5151
Hwy 22 - Stanton, AL. Consisting of land, dwelling and out buildings.
The property is sold "AS IS" with no warranties of any kind whether
expressed or implied, including, but not limited to, habitability or
fitness for a particular purpose. This property will be sold subject
to any existing right-of-way, easements, encroachments, restrictions of
record, zoning, flood plains, health department regulations, public
utilities, any state and local law, and the terms and conditions of the
sales contract. This property is sold subject to any and all rights of
redemption by any party entitled thereto.
Closing cost will be paid by the buyer, up to $150. Title will be by
transferred by Statutory Warranty Deed. The auction begins on October
20th and ends on October 31st. Closing will be on or before November
30th, 2017 -30 days after end of auction.
Terms of sale will be 20% down payment to be paid within 72 hours upon
being awarded the winning bid. A ten percent (10%) buyer?s premium will
be added to the winning bid price to arrive at the total contract
price. This sale is not contingent upon the buyer obtaining financing.
The purchaser shall be required to sign the sales contract and pay the
required down payment to the auction clerk at the auction location
immediately after the auction or wire the funds to Southeast Auction.
Checks are to be made payable to Southeast Auction and will be held in
their escrow account until closing. Funds paid within 72 hours of the
end of auction.
In the event that the purchaser fails to close and pay his/her balance
when due, the down payment shall be retained by the Seller as liquidated
damages. Buyer and Seller acknowledge that the actual amount of damage
sustained by the seller, in the event the buyer fails to close the
subject property are impossible to ascertain; therefore the parties
hereby agree upon the amount of the down payment as liquidated damages.
All bidders must register online in order to bid.
The Seller and Southeast Auction, make no representation or warranty as
to the availability of utilities or adequacy or suitability of the
property for the Purchaser?s purposes. The Seller and Southeast
Auction, make no representation of warranty as to concurrency or zoning.
Purchaser agrees that purchaser is not relying on any warranty or
representation of Seller or any agent and the purchaser is buying the
property "AS IS-WHERE IS" subject to all faults and without any
expressed or implied warranties of any kind, including but not limited
to the environmental condition of the property.
Notice: This property has water issues in and around the structure. All
bidders/buyers should avail themselves the time to physically inspect
the property. Please call for a time to inspect
the property.+
Please be advised that 5151 Hwy 22, Stanton, AL is a residential
property on which a residential dwelling was built prior to 1978 and
every purchaser of any interest in this property is notified that such
property may present exposure to lead from lead-based paint that may
place young children at risk of developing lead poisoning. The owner
has no knowledge of lead based paint but a risk assessment or inspection
for possible lead-based paint hazards is recommended prior to purchase.
All information furnished by the Seller and Southeast Auction is
believed to be correct but is not guaranteed. No warranties, statutory
or otherwise, expressed or implied are given by the Seller or Southeast
Auction. It is the bidder?s responsibility to inspect the property and
be satisfied as to its condition prior to the auction.
All decisions of the auctioneer shall be final; including but not
limited to decisions on matters such as increment of bidding. Disputes
among bidders order of bidders and any other issues that may arise
during the sale.
Southeast Auction IS SELLING AGENT ONLY AND MAKES NO REPRESENTATION
CONCERNING THIS PROPERTY WHATSOEVER.
Southeast Auction REPRESENTS THE SELLER IN ALL TRANSACTIONS CONCERNING
THIS SALE.