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Notes

Terms REAL ESTATE AUCTION 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 price. 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 45 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 or tender. 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 10 minutes of the auction, the bid on lot(s) will extend for 10 minutes. The bidding will extend in 10 minute increments from the time the last bid is placed until there are no more bids, and the lot sits idle for 10 minutes.

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Description

The Estate of the late Roy Martin

"BranMar Farms" - Spectacular 500 Acre farm in Chilton County, Alabama.

An "Exclusive" Real Estate Auction listing by Pearce & Associates/MarkNet Alliance.

This auction will take place in late March, 2021.  We are preparing a survey of the farm at this time.

Roy Martin spent years purchasing tracts of land to assemble this amazing Farm.  He poured money, time and sweat into developing one of the finest farms in the State of Alabama. This magnificent farm has tremendous amount of fine pasture land, old growth timber, a 35 acre stocked lake, (3) homes, multiple steel barns, sheds and shops and a paved drive that runs through the middle of the property connecting (2) county roads.   

The land is selling at online auction by Pearce & Associates.  The farm will be offered in multiple tracts ranging from 5 acres to 100 acres, combinations and it's entirety utilizing the Pearce & Associates/MarkNet Alliance "Ultimate Choice Method".  This is a once in a lifetime opportunity!

We are in the process of preparing a subdivision plat and it will be posted as soon as possible.  

Open House Inspection Dates will be posted in December and early January.  NOTE:  This entire farm has a farm manager who resides on the property.  The farm has locked gates 24/7 and is not available for public viewing until the posted Auctioneer Open House Dates.  

Check back for updates.

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Larry "Chip" Pearce, AL#1088

Auctioneer/Broker/Appraiser