Name Real Estate Auction - 803 N 3rd St - McGehee
Auctioneer Orrell Auctions and Real Estate
Type Online-Only Auction
Date(s) 4/21/2021 - 6/7/2021
Bidding ends Monday June 7th at 8pm
Preview Date/Time By appointment : Call Jimmy at 870-723-9116
Checkout Date/Time Buyer will sign a purchase contract and submit $2000 Downpayment/Earnest Money on June 8th
Location 803 N 3rd St
McGehee, AR 71654
Buyer Premium 10% buyer's premium added to final bid
Description
3 bedroom, 2 bathroom, office, living room, utility room, combined kitchen and dining room. on a large lot with 8 x 12 portable building, portable carport and garage . The terms are as follows : Real Estate Auction Terms for 803 N 3rd St - McGehee, AR 71654 Bidders on real estate must be registered with name, address, valid phone #, & email address. Sale is Subject to Sellers' Confirmation: The final bid price may be accepted or rejected by Seller within up to 24 hrs of the close of the auction. Warranties & Contingencies: 1. The property is being sold "as is" with no warranties from the auctioneer and no warranties from the seller other than good title by General Warranty Deed and Title Insurance. 2. Financing: Sale will not be contingent on financing. If you require financing, it must be arranged before bidding. 3. Repairs: The sale will not be contingent on repairs. If you bid, you are agreeing that you have inspected the property and are satisfied with its condition at the price you bid. Buyer Premium: A 10% buyer premium will be added to the final bid to determine the 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 a $2000 down payment as non-refundable earnest money to be deposited upon seller's acceptance of bid price and held in escrow until closing. If bid price is rejected, the earnest money will be returned to the bidder. Acceptable Payment: Cash, cashier's check, or 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 an owner's title insurance policy and a general warranty deed free of all liens and encumbrances but subject to any easements of record. Property taxes will be prorated as of the date of closing. 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.
Auction Terms & Conditions Terms and Conditions: Use of this site is subject to the terms and conditions contained herein. Auctioneer reserves the right to edit the terms and conditions and individual auction pages may contain additional terms and conditions. It is the buyer's responsibility to review the terms and conditions prior to each use of this site. By bidding you acknowledge agreement and acceptance of all terms and conditions of this site and any revisions or changes thereof. Real Estate Auction Terms Bidders on real estate must be registered with name, address, valid phone #, & email address. Sale is Subject to Sellers' Confirmation: The final bid price may be accepted or rejected by Seller within up to 24 hrs. Warranties & Contingencies: 1. The property is being sold "as is" with no warranties from the auctioneer and no warranties from the seller other than good title by General Warranty Deed and Title Insurance. 2. Financing: Sale will not be contingent on financing. If you require financing, it must be arranged before bidding. 3. Repairs: The sale will not be contingent on repairs. If you bid, you are agreeing that you have inspected the property and are satisfied with its condition at the price you bid. Buyer Premium: A 10% buyer premium will be added to the final bid to determine the 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 a $ 2000 down payment as non-refundable earnest money to be deposited upon seller's acceptance of bid price and held in escrow until closing. If bid price is rejected, the earnest money will be returned to the bidder. Acceptable Payment: Cash, cashier's check, or 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 an owner's title insurance policy and a general warranty deed free of all liens and encumbrances but subject to any easements of record. Property taxes will be prorated as of the date of closing. 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. --------------------------------------------- ------------------------------------------ Terms Of Use

Seller User Terms

Bidder User Terms
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 500.00 USD
Currency USD
Buyer Premium 10% buyer's premium added to final bid
Payment Terms
Acceptable payment for the $2000 downpayment/earnest money is cash, cashiers check with bank letter gauranteeing your check.