SELLING TO THE HIGHEST BIDDER!!!

2,210SF 3BD 2BA TWO-STORY HOME ON APPROXIMATELY 8+/- ACRES TO BE SOLD TOGETHER OR IN 2 DIFFERENT TRACTS - SELLING AT MULTI-PROPERTY REAL ESTATE AUCTION

REAL ESTATE AUCTION

WILL SELL TO THE HIGHEST BIDDER ON AUCTION DAY!!!

SATURDAY, JANUARY 14, 2012 @ 10:00 AM

Tracts #4 & 5 will be offered per tract, and then put back together as a whole, if there is interest. It will sell the way it brings the greatest.

Tract #4: 6905 Midway Rd (which is across the road from Tracts #1, 2, & 3). This tract has a 3br 2ba two-story home w/large full basement/shop area sitting on approximately 4+/- acres w/lots of large trees. This home is approximately 16 years old. It has been vacant for some time. It seems to be sound. There has been some vandalism and it will need some repair. This property will sell in as is condition.

Tract #5: A wooded site where an old homeplace was at one time. This consists of approximatley 4+/- acres. A small pond is on the property w/frontage on Midway Rd. This would be a nice building site.

TERMS: There will be a 10% buyer’s premium added to both real estate and personal property. We will require $10,000 down on Tract #1; $3,000 down on each of Tracts #2, 3, and 4; and $1,000 down on Tract 5. All earnest money is non-refundable due day of auction. Balance due in 30 days at closing.

INSPECTION: Auctioneer will have the two houses open for inspection on Sunday afternoon Jan 1 and 8 from 2:00 till 4:00, or you may walk over any of the land at your convenience. Info packet and plat maps will be available on site. See photos of all the properties on our website. Remember... all properties will sell to the highest bidder on auction day. Have your financing in order and come prepared to buy.

QUESTIONS AND ANSWERS

MIDWAY RD (SOCIAL HILL EXIT), MALVERN, AR

REAL ESTATE WILL BE SOLD AT 10:00 A.M.

6905 Midway Rd

1. Q. What is the size of the home and lot?

A. The home is approx. 1968 sf with 3 bedrooms and 2 baths on approx. 8+/- acres.

2. Q. How will this property be offered?

A. This property will be offered in two tracts and in its entirety. Tract 4 is the home and approximately 4 acres. Tract 5is approximately 4 acres. Survey will be provided at closing.

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

A. 2010 taxes were approximately $1089.58 before the Homestead Credit.

6920 Midway Rd and 6905 Midway Rd

4. Q. What school district is this property located in?

A. Malvern School District.

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 $10,000 down on Tract #1; $3,000 down on each of Tracts #2, 3, and 4; and $1,000 down on Tract 5. All earnest money is non-refundable due day of auction. Balance due in 30 days at closing. 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 Central Arkansas Title.

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 will be sold to the highest bidder day of auction. Both houses are on Kimzey Regional Water District.