1. Please click on the photo on the bidding page to see an enlarged photo and additional photos of the home.

2. REFRESH YOUR PAGE! - Please remember to refresh your page during the real estate live bidding. The bidding page you are viewing shows you the bid at the time you logged on to that page. YOU MUST REFRESH YOUR PAGE EVERY SEVERAL SECONDS to view accurate bids. The live real estate bidding will occur very rapidly and all bidding will conclude shortly after the beginning of the live bidding. We suggest that you not wait until the last minute to place your bid.

Wardlow Auctions, Inc.
12200 Shelbyville Road Suite 222
Louisville, KY 40243
Office: (502) 489-5515 Fax: (502) 489-5516
Email: office@wardlowauc.com

Open House: The property will be available for inspection:

- Sunday, August 8, from 2:00 PM - 4:00 PM

- Thursday, August 12, from 6:00 PM - 8:00 PM

- Sunday, August 15, from 2:00 PM - 4:00 PM

Simultaneous Bidding: Persons wishing to place bids for this property may do so by one of two methods: in person at the live auction, or online at wardlowauc.com. The live auction will be conducted Sunday, August 15 at 4:00 PM Eastern. All bidding will conclude Sunday, August 15 when no more bids from live or online bidders are made. Live bids will be denoted on the website as “floor” bids. Simultaneous bidding is meant as a convenience for the bidders. If there are any questions, please do not hesitate to contact us. Online bidders should be prepared, the live bidding will occur very rapidly and all bidding will conclude shortly after the beginning of the live bidding. Online bidding is offered as a courtesy. The Auctioneer, Broker, Wardlow Auctions, Inc., Seller, and the internet and software providers do not guarantee or warrant the online bidding procedure and/or system to operate without interruption or malfunction.

Live Registration: Bidders may register for the live auction at 809 Smith View Ct., Louisville, KY 40214 on auction day beginning at 2:00 PM. A valid driver’s license is required for registration. Bidders at the live auction will be denoted as “floor” for their bidder number on the online bidding website.

Online Registration: As with the live auction, bidders must be registered with a full name, address, and telephone number. An email address is also required so bidders may be sent winning bid notifications and auction invoices. Information from either a MasterCard or Visa is to be held on file. This information is obtained to deter defunct bidding. Registration may only be completed with an acknowledgment that the bidder has read and understood all terms and conditions for the sale and online bidding. Each registered bidder will be assigned a permanent number to be used on all online auctions. These numbers will not be applicable at any live auction since we use a different database for that information.

Online Bidding: Online bidding will conclude simultaneously with the live auction. By placing an online bid, the Bidder hereby agrees to be bound by these Online Terms & Conditions. The high bidder agrees to be legally bound to their winning bid. The high bidder agrees to fulfill their obligations in regards to remitting required sufficient funds in the specified time frame and a signed Real Estate Purchase Contract. Notification of the winning bid to an online bidder will be made as soon as possible after the auction’s close.

Online bids can be made using two methods: “Your Bid” and “Your Maximum.”
“Your Bid:” This feature allows the bidder to input a single bid as in a live auction. For example: the bid is currently $100,000 placed by bidder A. Bidder B wishes to bid $105,000. By placing a bid of $105,000 in the “Your Bid” box, Bidder B now has the current winning bid. If Bidder A wishes, he/she may bid again, continuing the auction cycle.
“Your Maximum:” This feature does your bidding without the bidder having to constantly view, log in, and bid on an item. Setting a maximum online is much like coming to a live auction with a preset spending limit in mind. The program will bid for you, in the prescribed increments, and only up to your spending limit for the item. For example: the current bid is $87,000 with Bidder A having the winning bid. Bidder B wants to place a bid and is willing to bid as much as $125,000. If Bidder B places a maximum bid of $125,000 the bid rises only to $87,500. Bidder A returns to the house online and places a maximum bid of $90,000. The program automatically does the bidding: A-$88,000, B-$88,500, A-$89,000, B-$89,500, A-$90,000, B-$90,500. The bidding stops at $90,500 with Bidder B winning because the next bid would be $91,000, which is more than Bidder A’s limit. Maximum bid amounts are kept confidential. Please note that the bid history page will post a message if the current high bid has been a result of a Maximum Bid. Any bidder can raise a bid or a maximum bid at any time prior to the close of the auction.

Buyer’s Premium: A 10% buyer’s premium will be added to all winning bids to determine the final contract selling price. For example, if the closing bid is $150,000, the Buyer’s Premium would be $15,000 resulting in a final contract selling price of $165,000.

Bidding Increments: Online bids must be in multiples of $500 (i.e. $500, $1,000, $1,500, $2,000, etc.). The minimum online bid increment for this auction is $500.

Close of Bidding: All bidding will close when no additional live or online bids are made as of the live auction beginning Sunday, August 15, at 4:00 PM. Bids from the online and live bidders will be kept updated up to the end of the auction. *Please note that with any live auction we do, the first 15-20 minutes of the auction involves the auctioneer highlighting the property features, making announcements and explaining to the live bidders the terms and conditions before the live bidding actually begins.

Title Examination: A title examination was completed effective July 2010. The examination reported that there are no mortgages of record and that all tax bills issued prior to the year 2010 are paid.

Contract Execution: At the close of the auction, a Real Estate Purchase Contract must be signed. If the successful bidder is at the live auction, this contract will be signed immediately following the auction. If the successful bidder is online, they will be emailed, faxed, or delivered a contract to be executed and returned to Wardlow Auctions, Inc. The executed contract must be returned within 24 hours by personal delivery, email or fax to Wardlow Auctions, Inc. A copy of this contract will be available for your review at the open house or click the following link for the 809 Smith View Ct. Auction Purchase Contract.

Down Payment: The Buyer shall make a non-refundable down payment of $10,000.00. The down payment may be in the form of cash, a official bank check, certified check, good personal check or wire transfer. If the successful bidder is at the live auction, the down payment is due immediately following the auction. If the successful bidder is online, the down payment must be received in full by 5:00 PM EDT Monday, August 16, 2010.

Closing: Balance of purchase price due at closing on or before September 29, 2010.

Disclaimer: Any and all documentation provided in preparation for this auction has been obtained and forwarded in good faith to potential bidders for their convenience and information only. Such information is not warranted and as such the Auctioneer and Broker shall not be held liable for inaccuracies in the information. Potential buyers are encouraged to obtain or verify, before the close of bidding, any information they consider critical to their decision to purchase. As required by Kentucky statute, the auctioneers and staff hereby disclose that they reserve the right to bid at this auction.

Online bidding is offered as a courtesy. The Auctioneer, Broker, Agent, Wardlow Auctions, Inc., Seller, and the internet and software providers do not guarantee or warrant the online bidding procedure and/or system to operate without interruption or malfunction.

Taxes: All real estate taxes due and payable in the calendar/fiscal year of closing shall be prorated between Buyer and Seller as of the date of closing.

Warranties: The property is being sold in “as is” condition with no warranties of any kind as to condition or purpose. Potential buyers are welcome to get any home inspections they desire prior to the auction. The sale will not be contingent upon any inspection, either prior to or after signing of the Auction Purchase Contract.

Broker/Realtor Participation: A Broker or agent whose client is the online buyer of the real estate may be entitled to a 2% broker participation fee. Agents must register their clients at least 12 hours prior to the auction close. Brokers and agents may obtain the registration form by contacting our office or click here for the Broker Participation Form.

Auctioneer’s Rights: The auction method, manner, bidding increments, and re-opening of tie bids shall be at the sole discretion of the Auctioneer. The Auctioneer reserves the right to reject the bidding of anyone whose conduct, actions, or comments are not in the best interest of the Seller, anyone who, in the Auctioneer’s judgment, lacks the capacity to enter into a contract or to close or anyone who makes online bids that appear to be erroneous or fraudulent. The Auctioneer, Broker, Agent, and staff reserve the right to bid for absentee bidders and for onsite bidders in accordance with their authorization. Any bidding or other disputes regarding this auction shall be resolved at the sole discretion of the Auctioneer with said resolve being considered final.

Sale Prior to Auction: Seller reserves the right to accept offers prior to the start of the live auction.

Penalties: Any bids found to be fraudulent will result in all appropriate legal action. Delinquencies will also prevent the individual from participating in any further live or online auctions conducted by Wardlow Auctions, Inc.