43+/- Acres at Absolute Live Auction

Saturday, January 11th, 2024 at 10:30AM

8100 KY-Hwy 39

Conveniently located just 10 miles from Highway 80 in Somerset, 1 mile from Highway 452, and 4 miles from Highway 70, this property offers easy accessibility while maintaining the charm and privacy of rural living. This land’s versatility makes it ideal for a variety of uses, including farming, recreation, or development. Whether you’re an investor, developer, or someone looking for a serene location to build your dream home, this property provides an exceptional opportunity. With access just off KY-39 via Yancy Road, the property ensures convenient access and endless potential for its new owner. Don’t miss your chance to own this incredible piece of property in the heart of Pulaski County. The auction will be held on-site, so mark your calendar and be ready to bid!

REAL ESTATE TERMS:

Auction Premium: There will be a 10% Auction Premium added to the winning bid.  The sum of the winning bid plus the Auction Premium will be the sales price. Example: Bid Price $100,000 plus $10,000 (10% buyer’s Fee) equals purchase price of $110,000.

EARNEST MONEY: 20% of the total sale price down as a non refundable earnest money at the close of the auction. We do not accept a credit card for down payment. The balance of purchase price is due at closing, said closing to be within 30 days of close of bidding. Purchaser shall be responsible for all wire transfer fees. Closing will be as specified in the Contract for Sale of Real Estate. 

This auction is a CASH SALE not contingent on or subject to financing, appraisal, survey or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Contract for Sale of Real Estate.

GOOD INSURABLE GENERAL WARRANTY DEED AT CLOSING.

REAL ESTATE TAXES AND CLOSING COSTS: All real estate taxes will be prorated for 2023. The purchaser will pay all other closing costs associated with the purchaser’s side of the sale, including local and state recording fees and any cost associated with the purchaser’s loan. The seller will pay for deed preparation and deed tax.

MULTI-PARCEL "SIMULCAST" LIVE & ONLINE AUCTION INSTRUCTIONS/TERMS:

Ford Brothers, Inc.  Online Auctions are timed events, so time is of the essence. At Ford Brothers Multi-Parcel auctions, to bid you must proceed to the catalog.  Inside the catalog, you will need to bid on individual tracts of property, until combinations have been enabled. If you wish to bid on a combination of tracts, we suggest that you do not bid on individual tracts, because you can be placed in the lead on an individual tract of property at any time during the auction. Please check for announcements and notes from the software auctioneer in charge. There is NOT a max bid feature via the Multi-Parcel online auction platform.  There are lots of announcements and warnings during auction, giving each bidder fair warning the auction will be closing. Please place bids in a timely manner.  If you have any questions about bidding in the Multi-Parcel Simulcast format, be sure to give us a call at 606-679-2212.

SERVER & SOFTWARE TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Ford Brothers, Inc. reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE nor FORD BROTHERS, INC. SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR 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 Ford Brothers, Inc.

For more details, contact us today!

Karl David Reynolds, Auctioneer