ONLINE REAL ESTATE AUCTION
20.63 Acres +/- Offered in 2 Tracts
BID NOW thru Thursday, Jan 18th @2:00 PM
(Notice date change)
Located on Highway 49 North, Paragould, AR
Just outside the City Limits and Less than 1/4 mile from Utility Trailer
and Adjacent to Larry's Auto Sales #2!
Both Tracts have ample Highway Frontage!
Multiple uses! Former Tree Farm (Red Oak Trees that were in the US Forestry), Wildlife,
Past Row Crop (beans), or possible building site for a Residential home with acreage!
Offered in 2 Tracts! Buy 1 or Both!
Tract 1: 8.67 Acres +/-
Tract 2: 11.96 Acres +/-
PLEASE READ AND SIGN TERMS AND CONDITIONS FOR BIDDING PRIVILEGES
We will open up combination bidding the day of auction!
A portion of the acreage is in Flood Zone A. See Flood Map under documents. Taxes will be up to date and marketable title will be provided. Seller will provide seller's title insurance.
Buyer is welcome to inspect the property prior to auction. At auction property sells “as is, where is”. A 10% Buyer's Premium will be added to the final bid amount to equal the contract sales price. Winning bidder is required to present a $10,000, PER TRACT, non-refundable down payment at the close of auction. Buyer must provide a bank letter of approval or guaranteeing funds. Buyer must fill out a bidder certificate and return to [email protected] located at the top of this page.
Any competent adult with a satisfactory photo identification who properly registers and complies with the Terms of Auction may bid. Bidder must present a $10,000.00, PER TRACT, cashier's check to Auctioneer at the close of auction on auction day, There will be a 10% buyers premium added to the final bid to equal the contract sales price. Closing within 45 days. This contract will not be contingent upon the buyer's ability to obtain financing. If buyer is unable to obtain financing or otherwise defaults, he or she will forfeit their down payment. Property sells 'as is' where is without any warranties expressed or implied. If the high bidder does not submit the down payment and sign the contract by 4:00 pm the day after auction day, the seller will not be obligated to sell the property to the high bidder and may immediately enter into a contract with another buyer. Defaulting Buyer will still be responsible for down payment. Seller nor auction company are responsible for any cleanup of the property or of any remaining personal property. After closing, remaining personal property becomes property of the buyer.
EXTENDED BIDDING DYNAMIC CLOSING: If a bid is entered within the last 5 minutes of the closing of an item, the closing time will be extended by 5 minutes to ensure sufficient time for bidders to submit their bids. Extended Bidding will continue until no bids are placed within 5 minutes.
Soldasap, LLC is required by law, AREC Regulation Section 10.12, to present ALL offers. Pre-Auction offers are welcome. Seller has the right to accept or reject any offers.
Complete Terms and Conditions noted under the Terms and Conditions Tab on the Auction page and MUST BE SIGNED in order to have bidding privileges.
Extremely motivated sellers!! No reasonable offer refused.
*Subject to Owner confirmation
Click on the FILES tab for Bidder Certification Form .
Please call our office if you have any questions 1-870-236-6117 or 870-236-0632