WELCOME, the Estate of George T Martin, Jill Burke, Executrix has authorized Allen Real Estate
Services LLC to sell TO THE HIGHEST BIDDER the Lot and all improvements located at:
336 Zandale Dr, Lexington, KY 40503, DB 1375, Pg 800 containing 0.2609 acres +/-; 1 residential
dwelling, detached 2 +/- car garage, kitchen equipment & appliances, and window treatments will
remain with the property unless otherwise noted in the auction contract.
Register and bid at:
http://www.allenauctionsky.com
Personal property is being sold separately contact Jamie Bates @(859) 475-7021 for details.
Owner/agent agrees to furnish purchaser of the real property a deed of general warranty with the usual
covenants, a title to the property free and clear of all encumbrances and pay state transfer taxes on
deed. All property taxes and interest are to be prorated to the date of transfer of the deed. The
owner/agent shall maintain insurance on the property and will be responsible for maintaining the
property in as good condition as it was on the sale date until the transfer of ownership. Full and
complete possession of the property will be given no later than 30 days from the auction upon payment
in full of the purchase price and the closing and transfer of the deed. TIME IS OF THE ESSENCE
The Property will be sold “as is” with no warranties or contingencies of any kind. All inspections are
the responsibility of the purchaser and must be made prior to the auction date. Owner/agent will
provide reasonable access to the property for said inspections. A 10% buyer’s premium will be added
to the final bid to determine the final sale price. The Purchaser will pay 10% down the day of the sale
and the balance of payment and closing will take place on or before 30 days from the date of the auction
and TIME IS OF THE ESSENCE.
1. All Inspections are the responsibility of the Buyer, the real estate is sold “as is” where is with
no contingencies and all sales are final.
2. Descriptions: Every effort has been made to promote and advertise the auction with the
correct data, descriptions, and information. We will not intentionally mislead anyone as to the
condition of the lot & improvements. The buyer should inspect the property PRIOR to the
Auction and Prior to Bidding. If you have a question or concern about any item or real property
please do not bid on it because all sales are final.
3. Mistakes: If a mistake is found in printed material or at the live auction lease bring it to the
Auctioneer’s attention prior to the start of bidding so that it can be addressed. We make no
warranties as to the condition of any item or real property, expressed or implied.
4. Registration: All bidders must be properly registered and financially qualified prior to
bidding. By bidding, the bidder agrees that they have read, understand, and agree to all the
terms & conditions set forth herein, all printed material, and contained in the real estate sale &
purchase contract. If you have not read, understand, & agree with the terms or the sale &
purchase contract, do not bid on the property. The Sale & Purchase contract is posted on our
website. If you have any questions or concerns, call our office (859) 253-1818.
5. Sale Contract, execution, and down payment: The successful bidder(s) must
execute/sign the real estate sale & purchase contract and provide the Auctioneer with a
nonrefundable earnest money deposit in the amount of 10% of the final sale price made payable
to Allen Real Estate Services Auction Escrow account which will be deposited and held at the Bank
of Lexington. Said deposit will be credited to the buyer at closing or forfeited if the buyer is
unable perform. The balance of the purchase price is due at closing, said closing to be on or
before 30 days from the date of sale and “Time is of the Essence”.
6. Condition: The property is purchased “AS IS” and is not subject to any contingencies
including but not limited to: Financing, Appraisal, Survey, or Inspections of any kind, as agreed
by the bidders at registration prior to bidding and specified in the sale & purchase
agreement/contract.
7. Transfer of Title: A deed of general warranty with the usual covenants & restrictions shall be
executed and presented to the buyer at closing, conveying to the buyer a title to said property
which shall be free of all encumbrances of every kind with exceptions, if any herein mentioned:
8. Buyer’s Premium: A 10% buyer’s premium will be added to the winning bid to determine the
final sale price of the property. Example: $100,000 winning bid, buyer’s premium is $10,000
the final sale price would be $110,000.
9. Default: Auctioneer reserves the right to sell to the second highest bidder in the event the
successful bidder defaults or does not comply with the terms and conditions of the sale.
10. Disputes: If any disputes arise, all parties to the sale agree to go to the Mediation Center of
Kentucky, 125 Church St, Lexington, KY 40507 for resolution before trying in a court or before
filing any formal complaint with any licensing board.
11. Inspections: the property is sold “AS IS” and any inspections the buyer/bidder may want are
at the buyer’s expense and must be done prior to the auction. Reasonable access for inspections
will be given by the seller.
12. Taxes & Closing Costs: Real Estate taxes will be adjusted and prorated to the date of deed
transfer. Closing costs are the responsibility of the buyer. Deed prep & transfer taxes to be paid
by seller.
13. Auctioneer/Broker/Seller Disclaimer: The information contained herein is believed to be
correct to the best of the auctioneer’s knowledge. The information is being provided for the
bidder’s convenience and it is the bidder’s responsibility to determine that the information
contained herein is accurate and complete. The property is selling in its ‘as- is’ condition with
no warranties expressed or implied.
14. The minimum bidding Increments are set as follows: unless otherwise
announced at the live auction: Minimum Bid Amount Increments for this auction are
$5,000 until the last 3 active bidders remain when the allowable bid increments will be
reduced to $2,500 and then $1,000 for the final 2 bidders.
For additional property information or to set up a property inspection,
call Tom Allen, Broker/Auctioneer (859) 509-2222)
For additional Auction information, call Allen Real Estate Services LLC;
Tom Allen, Principal Auctioneer, Principal Broker, Certified General Appraiser (859) 509-2222
[email protected].
Office Phone (859) 253-1818.
Or website www.AllenAuctionsKY.com