AUCTION TERMS & CONDITIONS AUTCION DETAILS PROPERTY ADDRESS: 8.25 +/- ac off Hedger Drive, Jonesboro, AR (PARCEL # 01-144334-00900) Online Only Auction-Bidding Opens 2-27-2019; Ends 5-1-2019) Bidding Closes At 4:00 PM (CST) Auction with Reserve-Selling Subject to Sellers Conformation Pre-Auction Offers Welcomed: Property listed at $149,500 Buyer's Premium: 10% Upon the Sellers acceptance of the highest offer, the successful buyer will be required to make a non-refundable down payment in the amount of 10% of the contract purchase price. The balance is due within 30 days of the accepted offer at closing. Seller will provide the purchaser an Owners Title Insurance Policy at closing. Buyer & Seller will each pay their respective portion of the closing cost & taxes which will be prorated to the date of closing. AGENCY DISCLOSURE Strobbe & Co. is acting as an exclusive agent for the seller; unless the buyer enters into a written dual agency agreement with Strobbe & Co. and or its agents. For more information on Agency Representation review this link: http://arec.publishpath.com/Websites/arec/images/Agency Rep 12 15 2014.pdf BUYER/BIDDER RESPONSIBILITIES This property is being sold "AS IS" with no contingencies. It is the responsibility of the (buyer/bidder) to do their own due diligence prior to bidding/offering on the property. Property information provided by Strobbe & Co. is for informational purposes only and is assumed to be reliable, but not guaranteed for its accuracy. Information was collected from the seller and public data resources. It is strongly recommended (buyers/bidders) consult with a licensed home inspector, contractor, engineer, surveyor, REALTOR, attorney, appraiser, and or tax professional of their choice for property specific concerns. If the buyer/bidder is being represented by a REALTOR/Broker, it is the responsibility of the Broker and Buyer to register in the "Broker Participation Program" to be eligible for a pre-determined commission split. PROPERTY DISCLOSURE The property is vacant commercial land located outside of the Jonesboro City Limits. The Estate has opted to sale the property in its AS-IS condition. Aerial images provided are for informational purposes only and not to be considered as a survey or gaurantee of property boundaries. PAYMENT INSTRUCTIONS Successful bidder will be required to put 10% of the contract purchase price down immediately following the auction. The contract purchase price will be the sum of the accepted high bid price, plus the 10% buyer's premium. Payment must be in the form of a cashier's check made out to the title company (To Be Determined) The balance will be due within 30 days at closing. Buyer & Seller will each pay their respective portion of the closing cost & taxes will be prorated to the date of closing. BIDDER REGISTRATION Bids will only be accepted from registered bidders though our bidding platform. Interested parties can register at www.strobbeco.hibid.com. The auctioneer reserves the right to refuse registration to any bidder that has failed to follow through on contractual obligations in past auctions, or that don't provide the required registration requirements. Strobbe & Co. and or its agents; as well as Executors, Administrators, and Heirs to the estate disclose they reserve the option to transparently bid on the lots associated with this auction. PRE-AUCTION OFFER: Pre-Auction Offers must be presented in writing to Brett Strobbe at Strobbe & Co prior to the conclusion of the auction date stated. The property is subject to pre-sale. If a pre-auction offer is accepted by the seller, the outstanding high bidder on the online auction will be notified and the bid considered to be void. The high bidder at the time of the accepted pre-auction offer will have no contractual obligation to fulfill his or her bid submitted in the online auction. AUCTIONEER DISCLAIMER The auctioneer reserves the right to amend the terms and conditions of this auction at any time prior to the conclusion of the auction. CONTACT INFORMATION: Brett A. Strobbe, (Broker-Auctioneer) www.strobbeco.hibid.com Arkansas Auctioneers Licensing Board # 1894 strobbeandco@gmail.com Arkansas Real Estate Broker License # PB 00062292 870-530-5010