Real Estate Auction - 2704 Gumflat Road - Miles City, MT

2 +- Acres Real Estate: 2704 Gum Flat Road, 3 bedroom home 20’ x 47’ with 23’ x 47’ car port, central forced air heat and a/c, block foundation. Additionally a 1 bedroom 1 bath older home on (2) 100’ x 435.5’ +/- lots. 10% buyer's premium added to the final high bid price to form the contract price. See additional terms.

Thank you for participating in today’s auction. The auction will be conducted by Kinsey Auctioneers & Real Estate, LLC on behalf of the owner of the real estate (the “Seller”). The real estate offered for sale at auction (the “Real Estate”) is fully described in the Contract for Purchase and Sale, a copy of which is available for inspection from Kinsey Auctioneers & Real Estate, LLC.

1. Any person who registers or bids at this Auction (the “Bidder”) agrees to be bound by these Terms and Conditions, the auction announcements, and the Contract for Purchase and Sale.
2. 10% buyers premium added to the final bid price will be the contract price. Example: If property sells for $100,000 x 10% buyers premium the contract price would be $110,000.
3. 10% of the high bid price earnest money in form of cash, cashier’s check, or personal check. due within 48 hours from end of the auction. A Kinsey Auctioneers & Real Estate, LLC. Agent will contact you a to make arrangements for payment and sign purchase agreement papers.
4. Preview: Tuesday July 14th and July 21st 3:00 P.M . A Kinsey Auctioneers & Real Estate LLC Licensed Real Estate Agent will be at the property to answer any questions.
5. Balance to be paid at closing within 45 days of the end date of the auction at Security Abstract & Title Company located at 510 Main Street Miles City, Montana 59301.
6. AS-IS, WHEREIS: Terms are "cash, as is, where-is. "Financing is allowed, but there are no financing contingencies and all financing must be in place prior to the closing date. The down payment monies will be deposited into escrow account and credited to Buyer at closing.
7. Property sells AS-IS with no contingencies.
8. Closing costs: Seller will pay any and all settlement fees and expenses, including , without being limited to, title searches, title insurance charges.
9. If Buyer fails to close per terms of contract, the deposit is non-refundable.
10. AUCTION BIDDER DEFAULT: Successful bidder not executing and returning the contract with earnest money deposit within 48 hours of the conclusion of the auction will be considered in default. In the event a winning bidder fails to submit the signed Contract for Sale of Real Estate and 10% earnest money deposit, the winning bidder will be charged a penalty fee of $5,000.00 on the credit card provided at auction registration. Additional default remedies are reserved by Kinsey Auctioneers & Real Estate, LLC. and the Seller as provided in the Auction Terms and Conditions and the Contract for Sale of Real Estate. Kinsey Auctioneers & Real Estate, LLC reserves the right to sell to the second-highest bidder in the event the successful high bidder does not comply with the terms of the sale. Any dispute between Kinsey Auctioneers & Real Estate LLC., its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Fallon County, Montana. By bidding on the property, buyer agrees to all terms and conditions set forth
11. Possession: at closing.
12. Disclosure: Buyer responsible to sign a lead based paint disclosure. Property sells as-is.
13. An Owners Policy from Security Abstract & Title will be provided at Seller’s expense giving marketable title subject to restrictions of record.
14. Taxes and all other periodic realty costs, if any, will be apportioned pro rata as of through the date of the Closing. Seller will pay for all days up to and including the date of the Closing, and Purchaser will pay for all days following the date of the Closing.
15. All information in this brochure was derived from sources believed correct, but is not guaranteed.
16. Any property surveys or appraisal are at the expense of the buyer. All property dimensions are only approximations.
17. Buyers shall rely entirely on their own information, judgment, and inspection of property and record.
18. Buyer may bring a home inspector to inspect the property during the preview time.
19. Auctioneer and assistants are seller’s agent.
20. Auction will be conducted at a Timed Online Only Auction.
21. Any statements posted up to auction day and or included auction day will take precedence over printed matter.
22. Property sells with RESERVE.
23. Property Information Packet will be available at inspection or you may request a packet by calling Kinsey Auctioneers & Real Estate, LLC office telephone 877.243.6691.
24. Auctioneers reserve the right to remove property from the auction at any time.

25. ALL OF OUR ONLINE AUCTIONS FEATURE BOTH A MAX BID OPTION AS WELL AS A SOFT CLOSE. “A MAX BID” may be placed on any item and the computer will bid on your behalf, thus eliminating the need to “babysit” your bids. This option is highly recommended so you do not miss out on the item you are bidding on for any reason. “THE SOFT CLOSE” feature which means any bid received in the final minutes of the auction will auto extend bidding on that particular item or lot by a couple minutes thus allowing a backup bidder the opportunity to raise their bid. In the event you do not use the MAX BID feature and you are out bid you will be notified via e-mail or text that you have been outbid and will have the opportunity to raise your bid.