PUBLIC ONLINE AUCTION - The Estate of the late Raymond Paprota
Bidding ends Wednesday, December 7 @ 1:00pm central (soft ending)
Open House - TUESDAY, NOV 22, 12NOON - 1PM * WEDNESDAY, NOV 30, 12NOON - 1PM & TUESDAY, DEC 6, 10AM - 3PM. Brokers can access the home by lockbox. Please email us or call our offices for access codes.
Selling: Residential property located in North Shelby County, Alabama located in the Jameswood Subdivision near I-65.
Address: 5311 Jameswood Lane, Birmingham (North Shelby County), Alabama 35244.
Description: A one level house containing 4 bedrooms, 2.5 bathrooms and 2357 square feet M/L. The subject property is located just off Highway 17 and is the first residential lot on the left when you enter the subdivision (Jameswood). LOCATION.LOCATION.LOCATION! It is in a highly desirable area of North Shelby County Alabama. The home is handicap accessible.
2021 Property Taxes - $1202.44
Condition: The subject property appears to have some issues that will need to be addressed by a new purchaser/owner. Specifically, we have noted that this home appears to have some water damage around some windows/doors/eaves and the interior sheetrock walls and trim show insect damage as well. We encourage all prospective bidder/buyers to inspect the property in person so you are fully informed as to the condition of the property prior to bidding. This property will sell in "as is" condition and "without contingencies".
BROKER/AGENT PARTICIPATION - 2% of the buyers premium. To qualify for a commission, the agent must request a brokers participation form from Pearce & Associates, complete the form registering your client before the bid, and assist them with open houses, placing bids, executing contracts and closing. Please call our office to request a form at 205-664-4300 or email [email protected].
Terms: All bidders will be required to accept a set of terms and conditions prior to being able to place a bid. Please take the time to read the terms and conditions in detail before you agree to them.
Terms include but not limited to: A 10% buyers premium will be added to the winning bid to determine the final sales price. Property sells "Subject to the approval of the Shelby County Probate Courts". At the conclusion of the auction, the high bidder must execute a non contingent sales contract and submit earnest money in the amount of 10% of the winning bid. If approved by the court, the winning bidder will have 30 days to close. Purchaser pays closing cost and title insurance. Seller guarantees free and clear title to the property.
PERSONAL PROPERTY: Pearce & Associates Auction Company is conducting a separate online auction to liquidate all of the personal property from this estate. Please check our website to view the bidding catalog and bid on those items.
This auction is managed by Madelyn Pearce Bourland, CES (Certified Estate Specialist). If you have an estate that you need to liquidate, please contact Madelyn @ 205-540-2626
Real Estate Broker - Larry "Chip" Pearce, AARE,CES,GPPA,ATS
REAL ESTATE AUCTION - The Estate of the Late Raymond Paprota
Selling "Subject to the approval of the Shelby County Probate Courts"
These announcements supersede any prior oral or printed statements and will be attached to and become a part of the contract.
Winning bidder must sign a non contingent contract and pay earnest money within 24 hours of auctions end.
The property will be sold by legal description and transferred by warranty deed.
A 10% buyers premium will be added to the winning bid to determine the final sales
Example: $100,000 bid, plus $10,000 (10% buyers premium) equals $110,000 gross sales price.
The terms are 10% down payment with the balance due within 30 days.
Purchaser to receive possession of the property upon delivery of deed at closing.
Purchaser to pay closing cost and title insurance. Seller guarantees
title to be free and clear.
Ad Valorem taxes will be prorated at closing.
PROPERTY SOLD SUBJECT TO THE FOLLOWING: All outstanding easements of any kind on said property, including but not limited to, roads, right of ways, utilities, water lines, and the like; any mineral, oil and past conveyances, leases or reservations; to any cemeteries that might exist on the property, outstanding leases recorded or unrecorded; zoning ordinances affecting the property; restrictions of record; wet lands; all rules and regulations of any appropriated authority having jurisdiction over the property, and any recorded encroachments of record.
BUYERS NOTE: Prior to the auction all prospective purchases should examine the property and all surrounding documents carefully as each bidder is responsible for evaluating the property and shall not rely on the sellers nor the auctioneers. Sellers and Auctioneers are assuming that the bidders have inspected the property and are satisfied and accept it “As
Is” without warranties expressed or implied. Personal on-site inspection of the property is recommended. Failure of any bidder to inspect or to be fully informed as to the condition of all or any portion of the property offered, will not constitute any grounds for any claim or demand for adjustment or withdrawal of a bid, offer or earnest money after its opening
All information was obtained from sources deemed reliable. Although every precaution has been taken to insure accuracy, the sellers and all of their agents will not be responsible for any errors or omissions herein.
Default by the Seller: If the Sellers are unable to make conveyance and to give title as herein agreed, the earnest money shall be refunded to the buyer and all obligations of either party shall wholly cease.
Default by the Buyer: Should the Buyer default in the performance of his/her contract in the time and the manner specified, then the earnest money shall be retained as partial liquidated damages and the seller may sue for specific performance.
AGENCY DISCLOSURE: Larry “Chip” Pearce Jr. has not been an agent for the Buyer in this
transaction. Larry “Chip” Pearce Jr. has been an agent for the Seller in this
transaction and is to be paid a commission by the Seller.
The Auctioneer reserves the right to reject bids from anyone who does not comply
with the terms and conditions of this auction.
Bidding: Bidding info- When you bid your max the current bid price doesn't automatically go to your max bid. Someone else has to bid to increase the current price and the
computer will automatically bid up to your max in the increments specified.
This auction has what is called an auto extend feature, meaning the auction will not close until all bidding parties are satisfied. If any bids are placed within the last 5 minutes of the auction, the bid on lot(s) will extend for 5 minutes. The bidding will extend in 5 minute increments from the time the last bid is placed until there are no more bids, and the lot sits idle for 5 minutes.