Name 127 N. Peterson Real Estate
Auctioneer McGinnis Auction & Appraisal Service
Type Online-Only Auction
Date(s) 11/19/2017 - 12/4/2017
Bid Now - Bidding Closes December 4, 7 PM
Preview Date/Time Sunday, November 26, 2 - 4 PM & Thursday, November 30, 3 - 5 PM
Checkout Date/Time $10,000 non-refundable down-payment & signing of the purchase contract shall take place within 24 hours of auction closing at 911 E. Court Avenue, Jeffersonville, IN 47130
Location 127 N. Peterson Avenue
Louisville, KY 40207
Buyer Premium Bid $1 pay $1.10
Description
127 N. Peterson, in the Cresent Hills Area of Louisville, between Frankfort Avenue & Brownsboro Road off Ewing & Lexington Avenue. Approximately 2000SF of living space. The home offers a large living room, a seperate dining room, 2 - 3 * large bedrooms, 2 baths, an eat-in kitchen and an enclosed back porch. *Plus there is a bonus room on second level and two large areas of unfinished space. The property has a full basement and is sitting on an extra deep & extra wide lot. (75x200)
This is a Reserve Auction, Real Estate Terms: 1. This is an internet bidding only auction with no live onsite bidding. 2. General Real Estate Auction Terms: A 10% buyer's premium will be added to determine the final contract purchase price. 3. A valid Visa or MasterCard is required to register & bid during the auction, and the bidder must have a minimum card availability of the $5000.00 to bid. A cashier's check for $10,000.00 from a local financial institution, with a bank letter of guaranteed credit addressed to the auction company, must be presented to the auction company at 911 E. Court Avenue, Jeffersonville, Indiana 47130 within 24 hours of the closing of the auction. 4. Balance of the final purchase price must be presented at closing within 45 days from the day of contract acceptance. Failure to deliver certified funds for the down payment as specified in the online auction terms may result in credit card transactions for the non-refundable down payment or other legal actions as required. 5. All property taxes due shall be prorated between the buyer/sellers. More specific on-line bidding terms may be posted on the website for the online bidding service through www.mcginnisauctions.com. All terms and conditions posted online shall take precedence over all previous announcements. The property will be sold as-is with no warranty, refunds or exchanges. It shall be the bidder's responsibility to determine suitability of the property prior to the close of the bidding process. 6. The property will be sold with no buyer's contingencies. Lead Based Paint inspection period to begin November 24, 2017. Real estate will be available for inspections or preview beginning November 24, and by appointment only; a public preview period/open house period will be posted online at the auction company website and is tentatively scheduled for Sunday, November 26, 2 - 4 PM & Thursday, November 30, 3 - 5 PM.. 7. All real estate related inspections are welcome at buyers expense prior to the close of the auction, but property is being sold as-is. Watch our website for details or updates, www.mcginnisauctions.com. 8. A cooperating broker's fee of 1% will be offered to licensees representing the successful buyer on this property with prior registration. The Auctioneer and Real Estate Broker are acting as agents only for the seller, and any member of the auction or real estate companies reserve the right to bid. 9. To prevent last minute bid sniping the online bidding process uses a soft close method, if 2 or more bidders are bidding the time will be extended for 3 minutes with each additional bid until no more bids are entered. 10. All property taxes due shall be prorated between the buyers & sellers at time of closing. 11. Once the reserve has been reached or exceeded the auctioneer reserves the right to declare an absolute auction. 12. For additional information concerning auction matters or to schedule inspection appointments please call: Julie Dulaney, Auctioneer/Broker, 502-593-2929. John McGinnis, CAI, CES, CAGA, at 812-282-7253.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 100,000.00 250.00 USD
100,000.01 - 9,999,999.99 500.00 USD
Currency USD
Buyer Premium Bid $1 pay $1.10
Payment Terms
A $10,000 non-refundable down-payment must be presented within 24 hours of the closing of the auction bidding process.
Purchase contract signing and the presentaion of your non-refundable down-payment must be made at 911 E. Court Avenue, Jeffersonville, Indiana 47130 within 24 hours of the auction closing.