ABSOLUTE LIVE/ONLINE ESTATE AUCTION
88 ACRES IN TRACTS
SATURDAY, NOVEMBER 21ST @ 1:30 P.M.
740 JOHN RD., BRODHEAD, KY
WILLAILLA SECTION OF ROCKCASTLE COUNTY
The owners of this prime property have authorized our firm to sell it at absolute auction.
TRACT 1 measures 0.6 of an acre with road frontage and city water available.
TRACT 2 measures 1.4 acres with road frontage and city water available.
TRACT 3 is 7.96 acres with city water available and front John Rd.
TRACT 4 consists of 1.3 acres with city water available and road frontage.
TRACT 5 is one of the larger tracts consisting of 26.8 acres. This tract if mostly cleared with some woods. It has road frontage and city water available.
TRACT 6 is the largest tract with 46.8 aces. This tract offers cleared land and some woods. It fronts John Rd. and has city water available.
TRACT 7 This tract measures 3.3 acres of which most is cleared, has city water available and fronts John Rd.
AUCTIONEER’S NOTE: If you’re looking for a small tract to build on or place your mobile home, this offers it. If you want a larger tract or large farming operation, here is your opportunity. It is ideally located between Brodhead, Somerset, Eubank and Crab Orchard.
MULTI-PARCEL AUCTION: The property will be offered in tracts utilizing the multi-parcel method and selling in the manner that reflects the best returns for the sellers. This concept gives each and every prospective buyer the ability to purchase his or her individual tract or combination.
AUCTION PREMIUM: A 10% Auction Premium will be added to the winning bid to determine the final sale price.
TERMS: 10% down due day of sale, with balance in 45 days with deed. Online winner: 10% down due within 48 hours of close of bidding, with balance in 45 days with deed.
Danny Ford, Auctioneer
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% auction premium) equals purchase price of $110,000.
EARNEST MONEY: 20% of the total sale price due 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 Sales and Purchase Agreement.
MULTI-PARCEL AUCTION: The property will be offered in tracts utilizing the multi-parcel method and selling in the manner that reflects the best returns for the sellers. This concept gives each and every prospective buyer the ability to purchase his or her individual tract or combination.
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 Sales and Purchase Agreement.
GOOD INSURABLE GENERAL WARRANTY DEED AT CLOSING.
REAL ESTATE TAXES AND CLOSING COSTS: All real estate taxes will be prorated for 2025. 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 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. If you have any questions about bidding in the multi-parcel format, be sure to give us a call at 606-256-4545.
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.