Real Estate Auction -102 Luther Circle, Monticello

REAL ESTATE AUCTION102 LUTHER CIRCLE - MONTICELLO, ARTHIS PROPERTY WILL BE SOLD TO THE HIGHEST BIDDER AT OR ABOVE $130,000 OR FOR SUCH LESS PRICE AS THE SELLER AND HIGHEST BIDDER MAY NEGOTIATE AND AGREE TO. SO PLACE YOUR AUCTION BID NOW OR MAKE A BUY IT NOW OFFER! Online Auction Bidding will begin Feb 19th, and run until Noon on March 11thBUY IT NOW! PRICED TO SELL - LIST PRICE $130,000(APPRAISED NOVEMBER 2019 - $138,000 !!)Well maintained 3 Bedroom, 2 full bath, Formal Dining Room,Formal Living Room, Den, Central H/A, Asphalt Driveway, 1 Car Carport w/6x19 storage, 16x24 Shop with 8x24 side shedLarge Lot! Actually 3 Lots Totaling .78 Acre (room to build another unit)AVAILABLE FOR VIEWING NOW!CALL TO SEE THIS PROPERTY AND MAKE AN OFFER OR PLACE A BID TODAYJIMMY ORRELL 870-723-9116Orrell Auctions & Real Estate PLLC AALB#1947 Real Estate Auction Terms and Conditions Bidders on real estate must be registered with name, address, valid phone #, driver license #.Sale is Subject to Sellers' Confirmation: The final bid price may be accepted or rejected by Seller within up to 48 hrs of auction close. BUY IT NOW! If an acceptable offer is made before the auction closes, the auction will be cancelled and the property sold (hence the "Buy It Now") optionWarranties & Contingencies: Although this property is in great condition, it being sold "as is" with no warranties from the auctioneer or seller other than seller guarantees good title by General Warranty Deed and Title Insurance. Inspection is bidder's responsibility. If you bid, you are agreeing that you have inspected the real estate and improvements and are satisfied with its condition at the price you bid. The sale will not be contingent on repairs. Financing: Sale will not be contingent on financing. If you require financing, it must be arranged before bidding.Buyer Premium: A 6% buyer premium will be added to the final bid price to determine the contract price. EX: If your high bid is $100,000, 10% added will result in a $106,000 contract price. Purchase Agreement: At the conclusion of the auction, the successful bidder will sign a purchase agreement at the contract price. When accepted and signed by the seller, this agreement becomes the purchase contract. Down Payment: Upon signing the purchase agreement, Bidder will submit to the auction company $5,000.00 Down payment / Earnest Money to be deposited upon seller's acceptance. Deposit/Earnest Money will be held in Orrell Auctions escrow account until closing. If bid price is rejected, the earnest money will not be deposited and will be returned to the bidder.Acceptable currency for Downpayment/Earnest Money: Cash, cashier check, direct deposit, company or personal check. Closing: The balance of the purchase price will be required in approximately 30 - 45 days at closing. If you cannot close you will forfeit your earnest money. Title: At closing, Seller will provide a Title Insurance Policy and a General Warranty deed free of all liens and encumbrances but subject to any easements of record. Closing costs: Seller pays 1/2 closing fee and 1/2 of Revenue Stamps, Owner's Policy of Title Insurance, deed preparation. Buyer pays, 1/2 closing fee, 1/2 of Revenue Stamps, recording cost and any other expenses incurred 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.Property taxes will be prorated as of the date of closing.