| AUCTION
TERMS
AUCTION INFORMATION: For more information, call (866) 673-9270
or
(256) 413-0555.
PROPERTY DIRECTIONS: From Hwy. 62 in White Plains, KY, turn south
on Hwy. 813. Go about 3/10 mile and turn left on Hwy 813. Go 1/10
mile and turn right on Hwy. 813. Go 1.2 miles and turn left on
Mount Carmel Church Road, and follow about 4.5 miles to Cottonmouth
Lodge on right.
PROPERTY INSPECTION: Auction representatives will be on site at
the Cottonmouth Lodge (Tract 7) from 10 AM until 5 PM daily from
September 28 through Auction Day.
AUCTION LOCATION: The auction will be held on-site at Cottonmouth
Lodge.
AUCTION REGISTRATION: To bid at the auction, you must first register
and receive a bid number. A bid deposit will be required at registration
and will be refunded at the close of the auction, or applied to
the earnest money deposit, as appropriate. The bid deposit may
be in the form of a certified check made payable to the bidder,
or a personal or company check with a bank letter of guarantee.
Bid Deposit amounts: Unimproved Tracts- $1,000 per tract; Lodge
(Tract 7) - $10,000; Entirety - $25,000.
TERMS: A ten percent (10 %) down payment will be due immediately
upon being declared a Buyer of the real estate. The bid deposit
will be credited toward the down payment. The balance of the purchase
amount will be due at closing within 30 days.
AUCTION FEE: A buyer’s premium of 10%
will be added to the successful high bid price to arrive at the
total contract price paid by the purchaser.
BROKER PARTICIPATION: The Redfield Group encourages buyer broker
participation and will pay a fee to the purchaser’s realtor/broker
subject to
certain guidelines. Call 866-673-9270
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