Brick House & Lot in Somerset, Ky at Absolute Live/Online Auction
Listing ID#: 1699516
Auction Location |
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Somerset, KY 42501 Full Address Available on Friday, Feb 14 |
Auction Dates and Times |
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Saturday Feb 15, 10:30 AM to |
Auction Type |
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![Ford Brothers Inc, Auctioneers Ford Brothers Inc, Auctioneers](https://www.GoToAuction.com/img/logo/large/thumb_1527787606_ford_only.jpg)
Company Information |
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Ford Brothers Inc, Auctioneers Contact: Tyler Mounce Phone: (606)-679-2212 Email: auction@fordbrothersinc.com Website: https://www.fordbrothersinc.com/ GoToAuction.com ID#: 4747 View company information and listings |
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Listing Terms and Conditions |
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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. AUCTION TIMES: Ford Brothers, Inc. Real Estate Online Auctions are timed events and all bidding will close at the specified time. Ford Brothers, Inc. Real Estate Online Auctions also have an auto-extend feature. If a bid is placed in the final 5 minutes of an auction, the auction ending will be automatically extended 5 minutes from the time the bid was placed. Example: if an auction scheduled to close at 6:00 receives a bid at 5:59, the close time will automatically extend 6:05.The auto-extend feature remains active until no further bids are received within a 5-minute time frame. 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. REAL ESTATE TERMS: 20% of the total sale price down as non-refundable earnest money in the form of a certified check, cash or wire transfer within 48 hours of 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. Note: The purchaser of a single-family residence built before 1978 has a maximum of 10 days to inspect the property of lead-based paint. The period for inspections begins on January 27th through February 7th. The successful bidder must sign a waiver of the 10-day inspection period. This online only 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. AUCTION BIDDER DEFAULT: Successful bidder not executing and returning the contract with earnest money deposit within 48 hours of the conclusion of the auction will be considered in default. In the event a winning bidder fails to submit the signed Contract for Sale of Real Estate and 20% earnest money deposit, the winning bidder will be charged a penalty fee of $5,000.00 on the credit card provided at auction registration. Additional default remedies are reserved by Ford Brothers, Inc. and the Seller as provided in the Auction Terms and Conditions and the Contract for Sale of Real Estate. Ford Brothers, Inc. reserves the right to sell to the second-highest bidder in the event the successful high bidder does not comply with the terms of the sale. Any dispute between Ford Brothers, Inc, its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Pulaski County, Kentucky. By bidding on the property, buyer agrees to all terms and conditions set forth. Acceptance of Bid Prices: Successful bidder(s) will be required to enter into a purchase agreement immediately following the close of the auction. Ford Brothers, Inc. will e-mail documents to be executed and said documents should be faxed or e-mailed back to Ford Brothers, Inc. within 48 hours of the end of the auction. Successful bidders not executing and returning contracts with earnest money deposit within 48 hours will be considered in default. Any and all inspections that a buyer may want must be done at buyer’s expense prior to the close of the online bidding. Ford Brothers, Inc.'s Agents, Representatives or Employees may bid. Real Estate Taxes and Closing Cost: All real estate taxes will b prorated for 2024.. 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. Easements: Subject to any and all easements of record, including road easements and utility easements Zoning: This property is subject to all state and local zoning ordinances. Bidder Verification: The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Ford Brothers, Inc. will reject the registration, and bidding activity will be terminated. The Seller and Ford Brothers, Inc. reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. Bidders agree to keep their username and password confidential as they are responsible for ANY and ALL activity involving their account. When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges. CV Hansford, Auctioneer |
Listing Information |
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House & Lot in Somerset, Ky at Absolute Live/Online Auction Don't miss this incredible opportunity to own a beautifully updated brick home in the heart of Somerset, KY, offered at absolute auction! This charming property boasts a spacious layout with three bedrooms and two bathrooms on the main level, including a master bedroom with a private bathroom. The basement features an additional bedroom, bathroom, and a cozy living area, making it perfect for guests or extended family. With two garage spaces for vehicles or storage, this home has all the space you need. The property has been tastefully updated with modern flooring, refreshed bathrooms, new windows, countertops, and stylish fixtures, offering both comfort and style. Step outside to enjoy a backyard oasis with a pool and deck, ideal for relaxation and entertaining. Conveniently located within the city limits of Somerset, this home is just minutes from downtown and situated on a large corner lot in the desirable Maplewood Subdivision. Whether you’re looking for your next dream home or an excellent investment, this property is ready for you! |
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