Absolute Estate Auction

8105 Old Cairo Rd. Paducah, KY


ABSOLUTE ESTATE AUCTION 

Thursday, October 24th · 10:07 AM

Outstanding Location Near McCracken Co. High School, Heath Elem. School & KY Oaks Mall

+5.7 Ac.- +3 Outstanding Tracts-

Restorable 3 BR Home- As Is- 2 Garages- Barns- City Water

LIVE ON-SITE AUCTION
Begins: 10/24/19 at 10:07 AM CDT
Location: 8105 Old Cairo Rd, Paducah, KY

ABSOLUTE ESTATE AUCTION

 

Thursday, October 24th · 10:07 AM 

 

8105 Old Cairo Rd. Paducah, KY

 

Location Location Location

Near McCracken Co. High School, Heath Middle & Elem. School & KY Oaks Mall

 

+5.7 Ac.- +3 Outstanding Tracts

Restorable 3 BR Home on +2.9 Ac.- As Is

2 Garages- Barns- City Water

 

Tract 1: +2.9 Ac. with +219 Ft. Road Frontage; Buy it for the land with lots of room for kids, horses, gardens and excellent home sites or restore this +1,890 Sq. Ft. 3 Bedroom brick home with attached garage plus, detached garage, barns, outbuildings and city water.

 

Tract 2: +1.8 Ac. with +99 Ft. Road Frontage; Excellent building site with city water available.

 

Tract 3: +1 Ac. tract with +161 Ft. of Road Frontage; This pretty home site also has city water available.

 

 

Real Estate Terms: 25% deposit day of Auction. Balance due within 30 days. A 10% buyer premium will be added to the final bid and included in the total contract price.  Survey fee split 50/50 buyer/seller.

 

 

 

Also selling contents of home, garages, barns and outbuildings including vehicles, boat, motorcycle, implements, antiques and more. Auction Co. reserves the right to sell by the piece, by the room full or by the building full.

 

 Vehicles: 

1990 Oldsmobile Eighty-Eight Royale VIN: 1G3HN54C4L1831294

1988 Chevrolet 1500 Pickup VIN: 2GCDC14K7J1302711

MonArk McFast SF Boat with Mercury 1150

Yamaha Motorcycle

 

Terms: Visa, Mastercard, Cash or Guaranteed Funds. 10% added to final bids.

 

Vehicle Terms: 10% buyer premium added to final bids. If payment is made by check, possession will be given when check clears.

 

 

 

Bank Letter of Guarantee

 

If you plan to pay for your purchase by personal check, company check or wire transfer, you will need to present a bank letter of guarantee. 

1. The letter must be on official bank letterhead and signed by a bank representative.
IMPORTANT: THE BANK MUST STATE THAT THEY IRREVOCABLY GUARANTEE THE PAYMENT OF THE CHECK BEING PRESENTED. IT IS NOT SUFFICIENT FOR THE BANK TO STATE THE CREDIT LIMIT OR BALANCE OF THE INDIVIDUAL/COMPANY.

2. The letter must state the name of the individual or company for whom the guarantee is being stated and if a check is used, it must have the same name printed on it.

3. The letter should contain the account number on which the check or wire transfer is to be drawn and the check or wire transfer should match this same account number.

4. The letter should state an ending date after which the letter of guarantee will expire (at least seven days from auction).

5. The letter must contain a maximum amount for which the bank will guarantee. The check must not be written for more than is guaranteed by the bank.

SAMPLE BANK LETTER
RARE Auction Group

 

4000 Olivet Church Rd.

 

 Paducah, KY 42001

 


Dear Sir,

 


(BANK NAME) irrevocably guarantees payment in full to RARE Auction Group by (BUSINESS NAME) drawn on account (NUMBER), up to the amount of $ (DOLLARS) to purchase items at your (AUCTION NAME). This letter of guarantee is valid until (Month, Date, Year).

Regards,
(BANK REPRESENTATIVE)
(TITLE)
(BANK NAME)

 

 

 

Real Estate Terms: 25% deposit day of Auction. Balance due within 30 days. A 10% buyer premium will be added to the final bid and included in the total contract price.  Survey fee split 50/50 buyer/seller.

Terms: Visa, Mastercard, Cash or Guaranteed Funds. 10% added to final bids.

Vehicle Terms: 10% buyer premium added to final bids. If payment is made by check, possession will be given when check clears.

 

 

 

Bank Letter of Guarantee

 

If you plan to pay for your purchase by personal check, company check or wire transfer, you will need to present a bank letter of guarantee. 

1. The letter must be on official bank letterhead and signed by a bank representative.
IMPORTANT: THE BANK MUST STATE THAT THEY IRREVOCABLY GUARANTEE THE PAYMENT OF THE CHECK BEING PRESENTED. IT IS NOT SUFFICIENT FOR THE BANK TO STATE THE CREDIT LIMIT OR BALANCE OF THE INDIVIDUAL/COMPANY.

2. The letter must state the name of the individual or company for whom the guarantee is being stated and if a check is used, it must have the same name printed on it.

3. The letter should contain the account number on which the check or wire transfer is to be drawn and the check or wire transfer should match this same account number.

4. The letter should state an ending date after which the letter of guarantee will expire (at least seven days from auction).

5. The letter must contain a maximum amount for which the bank will guarantee. The check must not be written for more than is guaranteed by the bank.

SAMPLE BANK LETTER
RARE Auction Group

4000 Olivet Church Rd

 Paducah, KY 42001

Dear Sir,

(BANK NAME) irrevocably guarantees payment in full to RARE Auction Group by (BUSINESS NAME) drawn on account (NUMBER), up to the amount of $ (DOLLARS) to purchase items at your (AUCTION NAME). This letter of guarantee is valid until (Month, Date, Year).

Regards,
(BANK REPRESENTATIVE)
(TITLE)
(BANK NAME)

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Robert Alexander Real Estate and Auction Company

http://rareauctions.com

4000 Olivet Church Road Paducah, KY 42001

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