THOMAS R. HUNT AUCTIONEERS

AUCTION TERMS AND CONDITIONS

BUYER’S PREMIUM: A 7% BUYER’S PREMIUM WILL BE ADDED TO THE HIGH BID TO DETERMINE THE CONTRACT SALES PRICE OF EACH LOT OF REAL ESTATE IN THIS AUCTION.

PROPERTY IS OFFERED SUBJECT TO THE SPECIFIC TERMS PROVIDED IN THE PURCHASE CONTRACT. PLEASE READ AND REVIEW THE CONTRACT THOROUGHLY PRIOR TO BIDDING ON ANY PROPERTY. IF YOU HAVE NOT READ AND REVIEWED THE CONTRACT FOR SALE OF THE REAL ESATE, DO NOT BID.

TERMS AND PAYMENT: There will be a 15% down payment on the contract sales price of each property. The deposit is to be delivered to 1053A Lovers Lane, Bowling Green and is due within 24 hours after the end of the Auction. The down payment is to be in the form of a check (with proper identification), cash, certified funds, or wire transfer. Credit or debit cards are not accepted.

AUCTION BIDDER DEFAULT: A successful bidder not executing and returning the contract with earnest money deposit within 24 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 earnest money deposit within the allotted time, the winning bidder will be charged a penalty of no less than 5% of the winning bid. Any legal remedy available may be used to collect these charges. Additional default remedies are reserved by Thomas R. Hunt Auctioneers, Inc. and the Seller as provided in the Auction Terms and conditions and the Contract for Sale of Real Estate. Thomas R. Hunt Auctioneers, 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.

PROPERTY SOLD "AS IS": The property is sold without contingencies of any type such as further inspections, usability, or the ability of the buyer to secure financing, and subject to any valid easements. All property is sold “as is”.

ONLINE AUCTIONS ARE CASH SALES that are not contingent on or subject to financing, appraisal, survey, or inspections of any kind. Bidders agree to this by registering for the auction prior to bidding, and this is specified in the purchase contract for the real estate. Bidders are encouraged to perform on-site inspections of the real estate prior to bidding in the auction. Failure to do so in no way relieves the buyer of any of the terms or conditions set forth here.

INSPECTION: The real estate may be viewed prior to the auction date by appointment with Thomas R. Hunt Auctioneers, and will be open for inspection Monday, December 12, 2022 from 10:00am - 4:00pm. Prospective buyers are advised to inspect the property to their satisfaction as it will be sold “as is” with no warranties expressed or implied.

LEAD BASE PAINT NOTICE: The residence was built prior to 1978 and could contain lead base paint. The purchaser will be required to sign a lead base paint waiver, waiving any further inspections.

CLOSING: THE CLOSING OF EACH LOT OF REAL ESTATE IS TO BE JANUARY 11, 2023 OR EARLIER IF BUYER AND SELLER MUTUALLY AGREE.

TAXES: Real Estate Taxes will be prorated between buyer and seller as of closing date.

POSSESSION: Possession shall be given with the deed.

DEED: GENERAL WARRANTY DEED

AUCTION BID INCREMENTS: The Auctioneer shall determine the bid increments, which may be changed during the auction at his/her discretion.

WHO MAY BID: Any qualified bidder, including the auctioneer and any of the auctioneer's agents, may bid. Likewise, the auctioneer may, under Kentucky law, reject the bid from any bidder deemed unqualified or unfit to bid.

AGENCY: Thomas R. Hunt Auctioneers, Inc. Agents and Representatives are agents of the Seller. Buyer and/or Bidder agrees to hold harmless and indemnify Thomas R. Hunt Auctioneers, Inc. and its Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.

AUCTION END TIMES: Thomas R. Hunt Auctioneers, Inc., real estate online auctions are timed events and all bidding will close at a specified time. This Thomas R. Hunt Auctioneers, Inc real estate online auction has an  extend all feature. Any bid placed in the final 5 minutes of the auction will automatically extend the end time of both lots for a period of 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 to 6:04. The extend all feature remains active until no further bids are received within a 5 minute time frame.

REFRESH YOUR SCREEN CONSTANTLY DURING THE CLOSING MINUTES OF THE AUCTION TO KEEP UPDATED ON THE BIDDING.

SERVER SOFTWARE AND TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Thomas R. Hunt Auctioneers, Inc. reserves the right to extend bidding, continue the bidding, or close the bidding.

NEITHER THE COMPANY PROVIDING THE SOFTWARE NOR THOMAS R. HUNT AUCTIONEERS, INC. SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERTY FOR ANY REASON. EMAIL NOTIFICATIONS WILL BE SENT TO REGISTERED BIDDER WITH UPDATED INFORMATION AS DEEMED REASONABLE BY THOMAS R. HUNT AUCTIONEERS, INC.

AUCTIONEER'S NOTE: All information contained on the website, advertising, and all related materials should be verified by all interested parties. All interested bidders are responsible for conducting their own independent inspections and tests.

DISCLAIMER: Information contained herein was obtained from sources deemed to be reliable. However, neither the auctioneers, agents, nor the Seller shall be responsible for any errors or omissions herein. Announcements posted on the website the day of the sale shall take precedence over any prior advertising or other information.

Any dispute between Thomas R. Hunt Auctioneers, Inc. its Agents, or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Warren County, Kentucky. By bidding on the property, buyer agrees to all terms and conditions set forth.

FOR MORE INFORMATION AND QUESTIONS, YOU MAY CONTACT THOMAS R. HUNT AUCTIONEERS AT (270) 782-2299. FOR ANY ISSUES BIDDING OR WITH YOUR ONLINE ACCOUNT, YOU MAY CONTACT ROB MATHEWS AT (270) 893-8499.