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Location: Just South of Malvern, AR, on Hwy 9 and corner of Clovis Road.
Thursday, July 18, 2019 @ 6:00 PM – Bid Live Onsite or Online!
If you are in the market for a mini-farm for your livestock, and a place to build a new home something close to town, this may be it. Drive by and check it out. Chatman Creek runs through the property with year-round water and road frontage on Hwy 9 and Clovis Road. Feel free to check it out any time or see photos/videos and more info @ www.staffordauction.com.
Note: Remember this auction will be onsite/online. Auctioneer will be on the premises at 5:00PM. Auction at 6:00PM Thursday, July 18.
Terms: There will be a 10% buyer’s premium added to the final bid to determine the total contract price. We will require $5,000 down day of auction as non-refundable earnest money. Balance due at closing in 30-45 days.
QUESTIONS AND ANSWERS
HWY 9 & CLOVIS ROAD, MALVERN, AR
REAL ESTATE WILL BE OFFERED
THURSDAY, JULY 18 @ 6:00 PM
1. Q. What is the size of the tract?
A. The tract is 35.5 acres +/-.
2. Q. Is there a survey?
3. Q. How will the property be sold?
A. Online bidding will be open prior to the live auction. Online bidders will also be able to bid during the live onsite auction. If you have questions about bidding online, please call Melissa at 501-384-5352 prior to the live auction.
4. Q. What are the total real estate taxes?
A. 2018 taxes are approximately $66.
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 $25.00 to record the deed.
8. Q. When will closing take place and who will handle the closing?
A. Closing will be handled by Attorneys Title Group on or before 45 days after the auction.
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: Owner of this property is highly motivated to sell. Please do your own inspection, have your financing in order and be prepared to buy.
DISCLAIMER: Square footage dimensions and acreage amounts are based upon information provided by the Seller and are believed to be correct, however, Purchaser and/or Purchaser’s Agent/Broker shall bear the responsibility to confirm all calculations prior to the auction. Not available to residents of any state in which this real estate is not in compliance with the real estate laws or other laws of that state. The Auctioneer/Auction Company shall not be responsible or liable in any way if the seller fails to honor any bid, or refuses to or cannot close title in accordance with the winning bid or any contract entered in respect thereof. Seller reserves the right to deny any person admittance to the auction. Seller reserves the right to withdraw the property or any parcel, to postpone or cancel the auction, to sell prior to auction, or to change any terms of the auction upon announcement prior to or during the sale. Announcement made at the auction supersede all printed material. All information contained in this brochure was derive from sources believed correct, but is not guaranteed. This Real Estate is subject to sale before the auction.
AR # PB00046546 AR. Auctioneer LIC. #372
David Stafford AARE, CAI Stafford Auction & Realty