House & 5 acres

Description

REAL ESTATE AUCTION - HOUSE & 5 ACRES 21214 Maple Creek Rd. Hensley, AR 72072Live Bidding on Site Wednesday September 13th at 11am - Preview and registration 10 am Directions: From north on I530, Sheridan Exit 10, half mi on 167, left on Maple Creek Rd, half mi, on left. From south on I530, Woodson Exit 12, left on Woodson Lateral Rd, 1.5 mi, right on Maple Creek Rd, half mi. on right.3 Bedroom - 2.5 Bathroom - Full length front porch - large back porch - game room - separate 2 car carport w covered walk and storage room - House sits approximately 200 feet back from paved Maple Creek Rd. in the Maple Creek Farm Subdivision - Large front yard - Chain link fenced back yard - Storage building in back yard - Rear 2 acres as well as property lines on north and south sides of property contain oak and pine natural growth giving the property lots of privacy. Sheridan school district. Address is 21214 Maple Creek Rd, Hensley, AR 72065To preview and inspect the property by appointment, call Jimmy at 870-723-9116. Or, preview 1 hour before sale time on Sept 13th Terms & Conditions - Summary of Terms: Property sells free and clear of all liens and encumberments, subject to Seller confirmation, as is, by legal description, with no warranties or contingencies. 10% buyer premium. $10,000 down as earnest money on day of auction, balance due at closing in approximately 30 days. TERMS:Bidders must be registered with name, address, valid phone #, driver license #.Subject to Sellers Confirmation: Seller has up to 48 hrs. to accept or reject the final bid.Buyer Premium: A 10% buyer premium will be added to the final bid price to determine the contract price.Purchase Agreement/Contract: At the conclusion of the auction, the successful bidder will sign a purchase agreement in the amount of their bid plus the 10% buyer premium. When accepted and signed by the seller, this agreement becomes the purchase contract.Down Payment/Earnest Money: With purchase agreement, Bidder will submit $10,000 to be deposited and escrowed in Orrell Auctions & Real Estate PLLC Trust Account. Down payment will be credited to buyer at closing or returned to the bidder if Seller rejects bid. Balance of purchase price required in approximately 30 days at closing. If you cannot close you will forfeit your down payment.Acceptable Currency for down payment: Cash, cashiers check. Or, good personal or company check pre-approved by auctioneer or accompanied by a bank letter guaranteeing payment.Warranties & Contingencies:1. Property sells as is with no warranties from the seller other than good title. Inspections should be conducted before the auction as sale is not contingent on repairs. If you bid, you are agreeing that you are satisfied with Property in its current condition at the price you bid.2. Financing: Property sells with no contingencies for financing, and no financing is offered by the seller. Financing should be arranged before bidding. If you cannot pay the balance at closing, you will lose your down payment/earnest money.3. Corners of Property may be marked for your convenience only. Bidders are responsible for verifying accuracy.Survey: Property sells by legal description on current deed and Saline County courthouse records. If new survey is desired or required by Buyer, new survey will be at Buyers expense.Title: Seller will guarantee good title at closing by providing owners title insurance and a warranty deed free of all liens and encumbrances but subject to any easements of record.Closing will be in approximately 30 days from auction.Buyer pays 1/2 closing fee, 1/2 Revenue Stamps, deed recording fee and any other expenses generated by Buyer, including, but not limited to, Loan Policy of Title Insurance, hazard insurance premiums, survey, fees of Buyer's attorney and any other fees associated with Buyer's loan, if any.Seller pays 1/2 closing fee, 1/2 Revenue Stamps, Owner's Policy of Title Insurance, deed preparation Property taxes will be prorated as of the date of closing. Orrell Auctions & Real Estate PLLCJimmy Orrell Broker/Auctioneer870-723-9116