TERMS AND CONDITIONS OF SALE for
3911 BRIAR HILL ROAD, LEXINGTON, KY 40516
AUCTION PROPERTY: 3911 Briar Hill Road, Lexington, Kentucky 40516
AUCTION LOCATION & TIME: Live onsite with online bidding available - Tuesday, December 3, 2024, at 11:00 a.m. EDT. Online bidding will be available during the live auction and will commence at the time the live auction begins.
AUCTION TYPE: Live onsite with online bidding available. Absolute Auction - No minimum, No reserve.
REGISTRATION FOR IN-PERSON BIDDING: All bidders must have proper identification, register, and be approved by agents in order to bid.
ONLINE BIDDER REGISTRATION: Online bidders must register online to bid on the property at least 24 hours prior to auction and be approved by Agents. Information regarding online bidding and online bidding registration can be found at www.kyhorsefarms.com.
BUYER'S PREMIUM: A 10% Purchaser's Premium will be added to the high bid and included in the total contract purchase price. Example: High bid of $100,000 plus 10% buyer's premium = $110,000 contract purchase price.
TERMS OF SALE FOR IN-PERSON BIDDERS: The successful bidder shall be required to enter into a non-contingent auction purchase contract and a deposit 10% of the contract price is due in USD immediately upon the conclusion of the auction. We accept personal, business, and cashier's checks on real estate sales. The balance of the purchase price is to be paid on or before 30 calendar days from the date of the auction, unless otherwise negotiated with the Seller. TIME IS OF THE ESSENCE.
TERMS OF SALE FOR ONLINE BIDDERS: The successful bidder shall be required to enter into a non-contingent auction purchase contract and a deposit 10% of the contract price is due in USD immediately upon the conclusion of the auction. We accept personal, business, and cashier's checks on real estate sales. The balance of the purchase price is to be paid on or before 30 calendar days from the date of the auction, unless otherwise negotiated with the Seller. TIME IS OF THE ESSENCE.
ABSENTEE/PHONE BIDDING: Absentee/phone bidding arrangements are accepted at the discretion of the Agents. Contact Justice Real Estate at 859-255-3657 or 859-619-4441 to make arrangements for absentee/phone bidding options.
CLOSING: The successful Purchaser is hereby notified that they should hire an attorney to check the title and coordinate the closing with the agents. Purchaser is responsible for their own closing costs. Seller will pay for Deed preparation and property transfer tax.
PROPERTY INSPECTION: Public previews will be held on Sunday, November 24, 2024, and Sunday, December 1, 2024 between 1:00 and 4:00 p.m., or by appointment.
POSSESSION: Possession will be granted with deed transfer.
REAL ESTATE TAXES: Pro-rated to deed transfer date.
INSURANCE: The successful Purchaser of the subject property is hereby notified that they may wish to insure their interest in the property. The Seller will maintain insurance on the property until the date of closing.
SPECIAL NOTICE: The property is offered "AS IS, WHERE IS", and with all faults, with no warranties expressed or implied of any kind. Property will be conveyed by "Special 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 decision as to accuracy thereof before bidding. NOTE: Announcements the day of the auction take precedence over any prior information.
BIDDER'S ACKNOWLEDGEMENT: By signing below, you as a successful bidder agree to the terms and conditions stated herein. This document is part of the non-contingent contract of sale to purchase the property. This is a public offering to all.
ONLINE BIDDING ACKNOWLEDGEMENT: All property is sold in "AS IS, WHERE IS" condition. Property is available for inspection at specified times, and it is the bidder's responsibility to determine condition or fitness of purpose.
All description information has been gathered from sources which we believe to be reliable but are not guaranteed. Agents make no warranty or guarantee of any kind with respect to condition, authenticity, provenance, source, suitability for a particular purpose, etc.
SERVER AND SOFTWARE TECHNICAL ISSUES: In the event there are any technical difficulties related to the server, software, or any other on-line auction related technologies, the agents reserve the right to extend the bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDIG THE SOFTWARE nor THE AGENTS SHALL BE HELD RESPONSIBLE FOR A MISSED BID IR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to registered bidders with updated information as deemed necessary by the agents.
Any dispute between the agents or representatives and the buyer(s) will be tried in a court of jurisdiction in Fayette County, Kentucky. By bidding on the property, buyer agrees to all terms and conditions set forth.
The Agents reserve the right to alter this agreement at any time. This will take place by updating this site. Please check back and review these terms and conditions as every time you use this site you are agreeing to the terms and conditions as they are written at that time.
If a bidder at any time feels his/her username, password, or bidder number has been compromised due to lack of security by the bidder, notify the Agents immediately.
The property to be sold shall include all permanent improvements located thereon but shall not include any moveable personal property.
Purchaser agrees to waive the right to any post-sale lead based paint inspection, if applicable.
For additional information contact Bill Justice at bcjustice@icloud.com or 859-255-3657 or 859-619-4441.
TIME IS OF THE ESSENCE in regard to all auction terms and conditions.