ONLINE ONLY AUCTION
(10) RESIDENTIAL LOTS WITHIN SUNDERLIN HILLS
Tillman Mill Road, NW · Elkmont, Alabama (Limestone County)
ONLINE Bidding Only Closes Tuesday, June 20th · 7 PM
· EXCELLENT BUILDING LOTS IN GROWING AREA ·
This is an excellent opportunity for developers or individuals looking to build a new home. Take some time and visit our lots, pick yours out and start bidding! Lots 6 - 10 have pads and drives and are ready to build!!!!
For more information, please call Daniel Culps at (256) 603-1249.
Directions: From Easter Ferry Road & Section Line Road in Elkmont, Alabama, travel west on Section Line Road approximately 1.7 miles to Tillman Mill Road. Turn left onto Tillman Mill Road and auction properties will be on the left.
Watch for Fowler Auction signs!
This auction will be conducted using the Ultimate Choice auction method which allows for single lot bidding, then combinations or as a whole (2 rounds).
Here is a mini tutorial on how to bid:
For this auction, we are using a bidding platform that allows a bidder to bid on multiple lots. One or more lots is referred to as a "combination" and all the lots is referred to as a "whole".
Round 1 bidding allows bidding on individual lots at a time. You may bid on multiple lots right now but only at the lot level and this will not create a combination bid. More to come on combinations below.
To Bid: Hover your cursor over the tract you want to bid on and click on it. The box on the right side of the picture will display bidding information. You should see the lot you're wishing to bid on highlight and you will see the selected tracts in the yellow box beneath the tract selector. (If you do not, go back to the map and select your lot.) When you see your tract number, click on "Get Price". Now you will see what your bid price must be. In the white rectangular box with the dollar sign in it, you may either type in the asking bid or you may type in the ultimate price you wish to pay for that lot ("max bid"). By putting in a max bid, the bidding platform will NOT automatically take your bid to your max but will follow the increments set up in the bidding platform.
On Tuesday, June 13th at 12 Noon, we will move into Round 2, *the combination round, which allows bidders to bid on multiple lots (including as a "whole") by selecting each lot (or all lots) you wish to bid. Again, you will click on "Get Price" to see the asking bid and the cost.
Bidding will begin to close at 7 PM on Tuesday, June 20th, 2023.
THIS AUCTION FEATURES AN ALL- AUTO BID EXTEND: When a bid is placed in the final 3 minutes of bidding, the auction bidding will be automatically extended 3 minutes from the time the bid was placed (i.e., if an auction scheduled to close at 6:00 receives a bid at 5:59, the close time will automatically extend to 6:02). The auto extend feature remains active until no further bids are received within a 3-minute time frame.
· This is an ONLINE auction only.
· A 10% Buyer's Premium will be added to the highest bid price to arrive at the final purchase price.
· A 20% deposit (escrow money) of the total purchase price will be retained within 24 hours of auction with balance due on or before 30 days.
· 2023 Taxes will be prorated.
· Property will be conveyed by survey descriptions.
· Restrictive covenants will be applicable (viewable by clicking red button above named "Restrictive Covenants" .
· Broker Participation is available for this auction. For more information, contact Daniel Culps at (256) 603-1249.
NOTE: It is very IMPORTANT that every Bidder read and understand the terms & conditions BEFORE bidding (either online or LIVE). Each Bidder is solely responsible for inspecting this property BEFORE bidding (property is sold AS IS, WHERE IS).
We strongly encourage all bidders to inspect/ask questions regarding this potential purchase.
This auction will be conducted by Fowler Auction & Real Estate Service, Inc.
Mickey Fowler, CAI, CES, AMM, AARE; ALSL466, TNSL1442, TNFIRM2315, MSSL718F, GASL1394
Daniel Culps, CAI; ALSL5070, TNSL5890
8719 Highway 53 · Toney, AL 35773
(256) 420-4454 · www.fowlerauction.com
(10) Residential Lots on Tillman Mill Road, NW · Elkmont, AL
Real Estate: A 10% Buyer's Premium will be added to the highest bid to arrive at the final purchase price. A non-refundable deposit of 20% (escrow money) of the total purchase price is required within 24 hours of the auction's closing. The remaining balance shall be paid at closing, which will occur within thirty days (30) of auction date. All closing and settlement fees, including but not limited to surveys, inspections, reports, title insurance, any/all ad valor em taxes due are the Buyer's responsibility.
A Fowler Auction representative will contact the winning bidders Wednesday morning to arrange meeting times/places to sign the contract and secure the non-refundable 20% deposit.
NOTE: The real property will be conveyed by survey description.
If for any reason the Buyer fails to make full payment in accordance with the terms above, the Buyer will be liable for the unpaid balance still due and owing, plus interest in the amount of twelve percent (12%) per annum from the auction date and reasonable attorney fees and expenses for collection as a result of said default.
SERVER, SOFTWARE TECHNICAL OR INTERNET ISSUES: In the event there are technical difficulties related to the server, software, or any other online auction-related technologies, reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE NOR FOWLER AUCTION & REAL ESTATE SERVICE, INC. SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to registered bidders with updated information as deemed necessary by Fowler Auction & Real Estate Service, Inc.
Disclaimers & Absence of Warranties:
* Information contained herein believed to be accurate but not guaranteed by Fowler Auction & Real Estate Service, Inc.
* In all transactions, the Auctioneers are acting as agents for the Seller only.
* Property will be sold 'AS IS, WHERE IS' with no guarantees,expressed or implied, by Fowler Auction & Real Estate Service, Inc.
* All decisions of the Auctioneers are final.
Fowler Auction & Real Estate Service, Inc. reserves the right to reject any and all bids for any reason prior to the close of bidding.
Fowler Auction & Real Estate Service, Inc. reserves the right to cancel this auction, or remove any item or lot from this auction prior to the close of bidding.
Bidder Verification: The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Fowler Auction & Real Estate Service, Inc. will reject the registration, and bidding activity will be terminated. The Seller and Fowler Auction & Real Estate Service, Inc. reserve the right to preclude any person from bidding if there is any question as to the person's credentials, mental fitness, etc.
Bidder responsibilities include, but are not limited to: Bidders agree to keep his/her username and password confidential as each individual is responsible for ANY and ALL activity involving his/her account. If your USER NAME is offensive to Fowler Auction & Real Estate Service, Inc., then we reserve the right to terminate your bidding.
When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges. Auction company employees and/or auction company may bid on this auction. We gather aggregate information from this web site which may include but is not limited to: number of page visitors, most visited pages, any and all correspondence.
DEFAULT: If purchases are not settled by the specified closing/pick up day, it will be considered in default. Upon default the bidder will be black listed/blocked from bidding on Fowler Auction & Real Estate Service, Inc.'s auctions, as well as MarkNet Alliance auctions and may be charged 10% of bid price or $500, whichever is greater. All defaulted items may be offered to the next highest qualified bidder at the discretion of Fowler Auction & Real Estate Service, Inc.
Any dispute between Fowler Auction & Real Estate Service, Inc., its Agents or Representatives, and the Buyer(s) will be tried in a court of jurisdiction in Madison County, Alabama (or county designated by Fowler Auction). By bidding on the property, buyer agrees to all terms and conditions set forth.
Buyer and or Bidder agrees to hold harmless and indemnify Fowler Auction & Real Estate Service, Inc. and its Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.
Fowler Auction & Real Estate Service, Inc.
(256) 420-4454 · www.fowlerauction.com