REAL ESTATE AUCTION

REAL ESTATE

AUCTION

TUESDAY, NOVEMBER 30, 2010 @ 12 NOON

LOCATION: 800 E Pine St, Gurdon, AR 71743

If you are in the market for a nice home on a large corner lot in Gurdon, Arkansas, you will like this one. It is a 2028 sf 3Br/2Ba with double carport, a back patio, and large spacious living area w/fireplace. The previous owners where in the process of completely remodeling the house and it is about 90% complete. Due to a divorce, this property must be sold. It will be selling in "as is" condition, so make your plans to check it out. It will have a new owner soon.

VIEWING: Call our office or drive by any time. Info packets are available on site. Auctioneer will be there on Saturday, November 27 from 2 till 4 for you to view the property and answer any questions. Doors will be open 11:00 a.m. day of auction.

TERMS: There will be a 10% buyer’s premium added to the final bid on real estate to determine the total contract price. We will require $5,000 down day of auction as earnest money, balance due at closing in 45 days or less.

QUESTIONS AND ANSWERS

800 E PINE ST, GURDON, AR

REAL ESTATE WILL BE OFFERED AT 12:00 NOON

1. Q. What is the size of the property?

A. The four lots total approximately 100'x140'.

2. Q. What is the size of the house?

A. It has approximately 2028 sf of living area with 3 bedrooms and 2 baths.

3. Q. What are the total real estate taxes?

A. 2009 taxes were approximately $730.29 before the Homestead Credit of $350.00.

4. Q. How will the real estate be sold?

A. It will be sold subject to owner’s confirmation. However, owners are very motivated to sell this property.

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 $5,000.00 earnest money day of auction. Balance due at closing in 45 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 the offices of Pioneer 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: Due to a divorce, owners must sell this property. All you need to do is put the finishing touches on the home remodel and you will have the home you’ve always wanted.