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12200 Shelbyville Rd., Louisville KY 40243

Ph. (502) 489-5515
Fax (502) 489-5516

Indian Ridge Rd. - Real Estate
Date & Time: Bid now! Auction closes Monday, May 22 beginning at 7:00 pm, with Extended Ending.
Location: 725 Indian Ridge Rd., Louisville, KY 40207
Highlights:

Absolute Real Estate Auction
Online Only

To Settle the Estate of Norma J. Minrath


725 Indian Ridge Rd., City of Windy Hills
Louisville, KY 40207

No Reserves - No Minimums

Online Bidding Only Closing Monday, May 22, 2017

Auction starts to close at 7:00 p.m. EST

Open House/Inspection:

Saturday, May 13, from 10:00 a.m.- 2:00 p.m.

Saturday, May 20, from 10:00 a.m.- 2:00 p.m.

Sunday, May 21, from 2:00 p.m.- 5:00 p.m.



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Notes:

>>> Click here to bid to go the Real Estate bidding site <<<

Be sure to read all Terms & Conditions before you bid.

Bidding Tips

  1. New Bidders: Please do not wait until the last minute to register for the auction. We suggest that you register early to make sure you receive your bid number in a timely manner and then place a bid early in the auction (while the bids are still low) in order to familiarize yourself with the bidding process. It will make your auction experience much more relaxing and enjoyable.

  2. REFRESH YOUR PAGE! - Please remember to refresh your page during the 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. This is particularly important during the final minutes of bidding for an item.

  3. Maximum Bid: Using the "maximum bid" feature can be a real time and stress saver if you choose to use it.

  4. Sniping: Due to rounding and the imprecision of minutes left, do not wait until the last minute to bid. Sniping doesn't work with the "extended ending" system; thus, give yourself a cushion of time to make sure that you don't lose the items.

Terms:
Real Property Terms & Conditions

Questions: Contact Joe Gribbins, Auctioneer/Broker (502) 550-7045.
Wardlow Auctions, Inc.
12200 Shelbyville Road Suite 222
Louisville, KY 40243
Office: (502) 489-5515 Fax: (502) 489-5516
Email: office@wardlowauc.com

Open for Inspection

Saturday, May 13th from 10 am to 2 pm

Saturday, May 20th from 10 am to 2 pm

Sunday, May 21st from 2 pm to 5 pm

Registration: Registration is free but does require several important pieces of information. As with our live auctions, 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. 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 acknowledgement 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 through Wardlow Auctions, Inc.

To Register, first READ ALL TERMS & CONDITIONS, then click the link at the top of the page..

Buyer’s Premium: A 10% buyer’s premium will be added to the winning bid to determine the final contract selling price. For example, if the closing bid is $100,000, the Buyer’s Premium would be $10,000 resulting in a final contract selling price of $110,000.

Bidding: Online bidding is to be understood as a binding contract. Bids will be taken with the understanding that the bidder will honor their winning bid with sufficient funds in the specified time frame. Notification of the winning bid will be made immediately at 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 $40,000 with Bidder A having the winning bid. Bidder B wants to place a bid and is willing to bid as much as $42,000. If Bidder B places a maximum bid of $42,000 the bid rises only to $40,250. Bidder A returns to the property online and places a maximum bid of $41,000. The program automatically does the bidding: A-$40,500, B-$40,750, A-$41,000, B-$41,250. The bidding stops at $41,250 with Bidder B winning because the next bid would be $41,500, 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.

Bidding Increments: Online bids must be in multiples of $250 (i.e. $11,000, $11,250, $11,500, etc.). The minimum online bid increment for this auction is $250.

Close of Bidding: Bidding is scheduled to close beginning at 7:00PM Eastern Time, Monday, May 22, 2017 with Extended Bidding.

Extended Ending: The close of bidding will be subject to a extended ending, whereas at the close of the auction, any bidding activity will automatically extend the closing for 5 minutes. The bidding will continue to remain open as long as there is activity within 5 minutes of the previous bid. If there is no bidding activity within another 5 minutes, bidding will then be closed.

Contract Execution: Following the auction, the successful bidders will be emailed, faxed, or delivered a contract to be signed by the prospective buyer and returned to Wardlow Auctions, Inc., by personal delivery, email, or fax no later than 4:00pm ET, Tuesday, May 23, 2017. A copy of these contracts are posted and available for review online on the bidding page.

Down Payment: The buyers shall make a non-refundable down payment of $10,000.00 to Wardlow Auctions, Inc. The down payment must be received by Wardlow Auctions, Inc. no later than 4:00PM ET on Tuesday, May 23 25, 2017. The down payment may be in the form of cash, official bank check, certified check, good personal check, or wire transfer.

Closing: Closing must occur on or prior to July 7, 2017, at which time the Buyer shall pay the balance of the purchase price. Buyer and Seller shall pay their respective closing costs as is common and customary to the state and county in which the property is located.

Broker/Realtor Participation Welcome: A broker or agent whose client is the buyer of the real estate may be entitled to a 2% broker participation fee. Agents must register their client prior to 4:00pm on May 22, 2017. Brokers and agents may obtain the registration form on the bottom of the bidding page.

Disclaimer: Any and all information and 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.

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 as is common and customary to the state and county in which the property is located.

"As-Is” Condition: This property needs repair & updating and is being sold and purchased in “as-is” condition, “with-all-faults”, with no guarantees or warranties of any kind as to condition, fitness, use, or future use of the property and with all defects, apparent, non-apparent and latent. BUYER hereby acknowledges that they have had the opportunity to inspect and research all aspects of the property to their complete and full satisfaction prior to bidding. All information provided in advertising and otherwise is believed correct, but is not guaranteed. 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.

Lead Based Paint Disclosure: Due to the age of the property, it is possible that it may contain lead-based paint. Buyers shall sign the disclosure and acknowledgment form indicating that they have been informed about the possibility of lead-based paint.

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 auctions conducted by Wardlow Auctions, Inc. or Realty Hotwire, LLC.

Real Estate Information Documents: See the item description on the bidding page for links to real estate information documents.

Auctioneer's Right to Bid: In accordance with KRS330.220(6)(a), it is hereby disclosed that, with permission from the seller, the auctioneer and any auction staff members reserve the right to bid.

Directions: Watterson Expressway to Brownsboro Rd. (Hwy. 42) west, proceed approx. a half of a mile (just past the Zachary Taylor National Cemetery on the right) and turn left onto Indian Ridge Rd.
Contact: Wardlow Auctions, Inc.
12200 Shelbyville Rd.
Louisville KY 40243
Phone: 502-489-5515
Fax: 502-489-5516
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