Court Ordered Auction

ATTENTION INVESTORS, UP-AND-COMING INVESTORS

OR HOMEBUYERS. THIS HOME IS SOLID AS A ROCK AND NEAT AS A PIN. YOU DON’T HAVE TO DO A THING...BUT MOVE IN!

REAL ESTATE AUCTION

FRIDAY, DECEMBER 9, 2011 @ 12:00 NOON

LOCATION: 1005 E. Highland Ave., Malvern, AR.

This is a court ordered auction to settle an estate. It must sell. If you are looking for a good, well kept, small home to invest in, this little 2br/1ba 844 sf brick home, with a large open lot beside it, will be hard to beat. It is move-in ready with a refrigerator, gas cookstove, and dishwasher. There is a small storage building in the back yard.

Remember, it is court ordered and must sell.

TERMS: We will require $2,000 down as non-refundable earnest money day of auction with balance in 30 days. There will be a 10% buyer’s premium added to your final bid to determine the total contract price.

INSPECTION: Doors will be open at 11:00 a.m. on auction day. Call our office or view photos on our website.

QUESTIONS AND ANSWERS

1005 E HIGHLAND, MALVERN, AR

REAL ESTATE WILL BE OFFERED AT 12:00 NOON

1. Q. What is the size of the home?    A. The home is approximately 844 sf home with large open lot.

2. Q. How many bedrooms?   A. This home is two bedroom, one bath.

3. Q. What is the size of the lot?   A. The home is sitting on a city lot approximately 35'x150' and the additional lot is approximately 110'x150'.

4. Q. What are the total real estate taxes?   A. 2010 taxes were approximately $510.09 for the house and both lots.

5. Q. Do you offer any warranties or guarantees on this real estate?   A. Owner will guarantee you good, clear title by providing title insurance and warranty deed. Other than that, the property sells "as is, where is."

6. Q. Is there any special financing offered?  A. No, this is a cash sale. We will require $2,000.00 earnest money day of auction on the house. Balance due at closing in 30 days. If you need to obtain financing, this should be done prior to the auction. If you can not get the balance needed by closing, you will lose your earnest money.

7. Q. What will be the Buyer’s closing costs?   A. Buyer will pay ½ of closing fee plus $3.30 per thousand for stamps (State Transfer Tax), and $20.00 to record the deed.

8. Q. When and where will closing take place?  A. On or before 30 days after the auction at McClure’s Title and Abstract.

9. Q. Is there a Buyer’s Premium and what is it?  A. Yes, a 10% Buyer’s Premium will be added to the bid price to determine the total contract price.

Auctioneer’s Note: This property is being sold to settle the estate of the late Dolores Hanscom. This will make an excellent rental property or starter home. Get your financing in order and join us day of auction to bid on this property.