PREVIEW DATES:
Thursday, October 8th from 12:00PM NOON to 6:00PM
PAYMENT / PICK-UP DATE:
Friday, October 8th, 2026 from 12:00PM NOON to 6:00PM
ONLINE REAL ESTATE AUCTION TERMS & CONDITIONS:
AUCTION PREMIUM:
There will be a 10% Auction Premium added to the winning bid. The sum of the winning bid plus the Auction Premium shall constitute the total purchase price. Example: Bid Price of $100,000 plus $10,000 (10% Buyer's Premium) equals a total purchase price of $110,000.
EARNEST MONEY:
A deposit equal to ten percent (10%) of the total purchase price shall be due as non-refundable earnest money.
Successful in-person/live bidders shall be required to provide the earnest money deposit on the day of the auction immediately following the conclusion of the sale.
Successful online bidders shall be required to submit the earnest money deposit within forty-eight (48) business hours following the conclusion of the auction in the form of a certified check, cash, or wire transfer.
Business hours shall exclude weekends and federal holidays. Successful bidders are expected to communicate promptly with Ford Brothers, Inc. following the auction regarding contract execution and earnest money delivery. Failure to communicate or cooperate with Ford Brothers, Inc. regarding earnest money and contract requirements may be considered evidence of default.
Credit cards will not be accepted for earnest money deposits.
The balance of the purchase price shall be due at closing, with closing to occur within forty five (45) days of the auction unless otherwise specified in the Contract for Sale of Real Estate. Purchaser shall be responsible for all wire transfer fees.
REAL ESTATE TERMS:
This auction is a cash sale and is not contingent upon financing, appraisal, survey, or inspections of any kind, as agreed to by bidders prior to bidding and as specified in the Contract for Sale of Real Estate. Buyers may obtain financing if they choose; however, the buyer's inability or failure to obtain financing shall not relieve the buyer of any contractual obligations or requirements of the sale.
The earnest money deposit is non-refundable except as otherwise specifically provided by Kentucky law or the Contract for Sale of Real Estate. In the event the purchaser fails to close due to financing denial, lender requirements, changes in financial condition, inability to obtain financing, or any other purchaser-related issue, the purchaser shall be considered in default and the earnest money deposit may be retained pursuant to the terms of the Contract for Sale of Real Estate and applicable Kentucky law.
Time is of the essence regarding all auction terms, conditions, contractual obligations, earnest money requirements, document execution requirements, and closing deadlines.
Successful bidder(s) shall be required to execute a Contract for Sale of Real Estate immediately following the auction. Online bidders shall execute all required documents within forty-eight (48) business hours following the conclusion of the auction.
Electronic signatures, emailed documents, electronically transmitted signatures, and digital acknowledgements shall be deemed valid and binding to the same extent as original signatures pursuant to applicable Kentucky law.
REAL ESTATE TAXES & CLOSING COSTS:
All real estate taxes shall be prorated to the date of closing. Purchaser shall pay all closing costs associated with the purchaser's side of the transaction, including but not limited to recording fees, lender fees, loan costs, inspections, and financing-related expenses. Seller shall pay for deed preparation and deed tax unless otherwise stated.
Online Auction Ending Times:
Ford Brothers, Inc. Online Auctions are timed events and all bidding will close at specified time. Ford Brothers, Inc. Real Estate Online Auctions also have an auto extend feature. If a bid is placed in the final 5 minutes of an auction, the auction ending time will be automatically be reset back to the 5 minutes remaining mark.. Example: if an auction scheduled to close at 6:00 receives a bid at 5:59, the close time will automatically be reset back to 5 minutes. The auto extend feature remains active until no further bids are received within a 5 minute time frame.
Staggered Closing: This online auction closes in intervals. Depending on how large (# of lots) an auction is, then we set the auction to close so many lots at a time. It is typically 20-50 lots every minutes. If it is a large auction then it will be 75-100 lots at a time. Please monitor the countdown timer to see when the lot will close. Please check the auction announcements for detailed information regarding these intervals. This feature works great with the auto-extend feature to closely emulate a live auction.
SERVER & SOFTWARE TECHNICAL ISSUES: In the event, there are technical difficulties related to the server, software, or any other online auction-related technologies, Ford Brothers, Inc. reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE nor FORD BROTHERS, INC. SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to registered bidders with updated information as deemed necessary by Ford Brothers, Inc.
All personal property is sold in “AS IS” and “WHERE IS” condition. ALL SALES ARE FINAL! Bidder understands and agrees that no refunds, exchanges, adjustments, chargebacks, etc, will be allowed. The personal property is available for inspection at specified times and it is the bidder's responsibility to determine the condition. The bidder's failure to inspect any item or lot will not constitute grounds for any claim, refund, adjustment, chargeback, etc.
All description information has been gathered from sources that we believe to be reliable but are not guaranteed. Auctioneer makes no warranty or guarantee of any kind with respect to condition, authenticity, provenance, source, condition, suitability for a particular purpose, etc. The auctioneer reserves the right to change, modify, or delete any item or lot, or description in the auction as may be necessary.
SERVER, SOFTWARE & INTERNET ISSUES:
In the event of technical difficulties related to the server, software, internet connectivity, mobile devices, computers, or any other online auction-related technologies, Ford Brothers, Inc. reserves the right to extend bidding, continue bidding, reopen bidding, or close bidding. Neither the company providing the software nor Ford Brothers, Inc. shall be held responsible for missed bids, delayed bids, failed bids, internet outages, loss of connectivity, bidder device malfunctions, or the failure of the software to function properly for any reason. Email notifications may be sent to registered bidders with updated information as deemed necessary by Ford Brothers, Inc.
Ford Brothers, Inc. reserves the right to reject any bid, suspend bidding activity, revoke bidding privileges, or remove any bidder at its sole discretion.
In the event of a disputed bid, tie bid, bidding interruption, or other auction-related dispute, Ford Brothers, Inc. reserves the right to determine the successful bidder, reopen bidding, continue bidding, cancel bidding, or resell the property at its sole discretion. All decisions of the Auctioneer shall be final.
ELECTRONIC COMMUNICATIONS:
Buyer agrees that email, text message, electronic notification, electronic document delivery, and electronic signature platforms may be utilized by Ford Brothers, Inc. and shall constitute valid methods of communication regarding the auction, contract execution, earnest money requirements, closing coordination, and related transaction matters.
Seller shall convey the property by General Warranty Deed with insurable title at closing.
Possession shall be given at closing unless otherwise stated.
The property shall be conveyed subject to any and all easements, restrictions, covenants, conditions, utility easements, road easements, rights-of-way, and matters of record.
Any acreage amounts, boundary lines, maps, survey references, dimensions, or advertised measurements are approximate and provided for informational purposes only. Final purchase price shall not be adjusted based upon surveyed acreage unless otherwise stated.
BIDDER RESPONSIBILITY:
It is the sole responsibility of each bidder to read, understand, and comply with all auction terms and conditions, announcements, contracts, bidding procedures, auction instructions, and bidding formats prior to bidding. Failure to understand or comply with auction procedures shall not relieve a bidder of any obligations resulting from bidding activity or the purchase of property.
BIDDER VERIFICATION:
The identity of all bidders may be verified. Bidding rights are provisional, and Ford Brothers, Inc. reserves the right to reject any bidder registration if complete verification is not possible or if there are concerns regarding the bidder's eligibility, conduct, financial ability, or bidding history.
All bids are binding and irrevocable. Bid retractions are not permitted.
ONLINE PERSONAL PROPERTY TERMS & CONDITIONS:
TERMS:
Auction Premium: There will be a 10% Auction Premium added to the winning bid. The sum of the winning bid plus the Auction Premium shall constitute the total purchase price.
ONLINE AUCTION ENDING TIMES:
Ford Brothers, Inc. Online Auctions are timed events, and all bidding will close at the specified time. Ford Brothers, Inc. Online Auctions feature an auto-extend function. If a bid is placed within the final five (5) minutes of an auction, the auction ending time will automatically extend an additional five (5) minutes from the time the bid was placed. Example: If an auction scheduled to close at 6:00 PM receives a bid at 5:59 PM, the closing time will automatically extend to 6:05 PM. The auto-extend feature remains active until no further bids are received within a five (5) minute period.
STAGGERED CLOSING:
This online auction features staggered closing intervals. Depending upon the size of the auction and number of lots, multiple lots may begin closing simultaneously in scheduled intervals. Please monitor the countdown timer for the specific closing time of each lot and review auction announcements for additional details regarding staggered closing intervals.
SERVER, SOFTWARE & INTERNET ISSUES:
In the event of technical difficulties related to the server, software, internet connectivity, mobile devices, computers, or any other online auction-related technologies, Ford Brothers, Inc. reserves the right to extend bidding, continue bidding, reopen bidding, close bidding, cancel bidding, or resell any item(s) at its sole discretion. Neither the company providing the software nor Ford Brothers, Inc. shall be held responsible for missed bids, delayed bids, failed bids, internet outages, loss of connectivity, bidder device malfunctions, or the failure of the software to function properly for any reason. Email notifications may be sent to registered bidders with updated information as deemed necessary by Ford Brothers, Inc.
Ford Brothers, Inc. reserves the right to reject any bid, suspend bidding activity, revoke bidding privileges, remove any bidder, or deny access to the auction platform at its sole discretion.
In the event of a disputed bid, tie bid, bidding interruption, clerking issue, lotting issue, quantity issue, or other auction-related dispute, Ford Brothers, Inc. reserves the right to determine the successful bidder, reopen bidding, continue bidding, cancel bidding, remove any item(s), or resell any item(s) at its sole discretion. All decisions of the Auctioneer shall be final.
BIDDER VERIFICATION:
The identity of all bidders will be verified. Bidding rights are provisional, and Ford Brothers, Inc. reserves the right to reject any bidder registration if complete verification is not possible or if there are concerns regarding the bidder’s eligibility, conduct, financial ability, or bidding history.
Bidders agree to keep their username, password, and bidder information confidential and are responsible for all activity associated with their account.
By registering and placing bids, bidder acknowledges acceptance of all auction terms and conditions. Electronic records, electronic signatures, acknowledgements, and bidding activity shall be deemed valid and enforceable pursuant to applicable Kentucky law.
AS-IS / WHERE-IS CONDITION:
All personal property is sold in “AS IS, WHERE IS” condition with no warranties or guarantees, expressed or implied. ALL SALES ARE FINAL. Bidder understands and agrees that no refunds, returns, exchanges, adjustments, chargebacks, or cancellations will be allowed for any reason.
All property is available for inspection at the specified preview times, and it is solely the bidder’s responsibility to determine condition, authenticity, value, completeness, suitability, age, functionality, or fitness for a particular purpose prior to bidding. Failure to inspect any item or lot shall not constitute grounds for any claim, refund, adjustment, chargeback, or rescission of sale.
All descriptions, photographs, dimensions, and information provided are believed to be accurate but are not guaranteed. Auctioneer makes no warranty or guarantee of any kind regarding condition, authenticity, provenance, manufacturer, age, source, completeness, suitability, operability, or fitness for a particular purpose.
Ford Brothers, Inc. reserves the right to modify, change, remove, merge, split, regroup, or withdraw any lot or item prior to or during the auction process.
PAYMENT, PICKUP, SHIPPING & STORAGE TERMS:
PICKUP / PAYMENT TERMS:
Pickup and payment shall occur on Friday, October 2nd, 2026 from 12:00 noon to 6:00 p.m. Accepted forms of payment include cash, cashier’s check, personal or business check, Visa, Mastercard, American Express, Discover, or wire transfer. Purchases exceeding $500.00 may, at the Auctioneer’s discretion, require payment by cash, cashier’s check, personal or business check, or wire transfer. Any wire transfer fees shall be the responsibility of the purchaser.
Any invoice not paid in full by Friday, October 2nd, 2026 at 6:00 p.m. may automatically be charged to the credit card provided during registration.
All bids are binding and irrevocable. Bid retractions are not permitted.
LARGE ITEM PICKUP:
Ford Brothers, Inc. DOES NOT provide shipping, transportation, moving, loading, packaging, or shipping preparation services for items larger than the size of the largest United States Postal Service flat-rate shipping box. Removal, loading, transportation, labor, moving equipment, packaging, and shipping arrangements for oversized items shall be solely the responsibility of the purchaser.
SHIPPING TERMS:
Shipping and shipping preparation for qualifying items shall be subject to a $10.00 processing and handling fee per box, plus all shipping costs. Buyers shall pay all shipping charges prior to shipment.
Shipping insurance may be available through the shipping carrier at the buyer’s expense. Once any item is delivered to a shipping carrier, all risk of loss and damage shall transfer to the purchaser. Ford Brothers, Inc. and Seller shall not be responsible for lost, stolen, delayed, or damaged packages.
INVOICE PAYMENT TERMS:
Invoices totaling more than $1,000.00 may, at the Auctioneer’s discretion, require payment via wire transfer. Wiring instructions shall be provided upon request.
ITEM TRANSPORTATION:
Ford Brothers, Inc. must be notified by phone or email at [email protected] regarding any items that cannot be picked up during the scheduled pickup period. Failure to notify Ford Brothers, Inc. may result in forfeiture of items.
Items transported to a Ford Brothers facility shall incur a transportation fee of $25.00 per lot ($5.00 per lot for coins and jewelry). Items weighing more than 100 pounds or larger than 24 inches x 24 inches x 48 inches will not be shipped or transferred by Ford Brothers, Inc.
Transported items must still be paid for according to auction terms and will be transferred at Ford Brothers’ earliest convenience.
STORAGE & ABANDONED PROPERTY:
Any item stored at a Ford Brothers facility beyond forty-eight (48) hours following the designated pickup date shall incur a storage fee of $1.00 per day, per lot.
Any item not removed within five (5) business days following the designated pickup date shall be deemed abandoned property. Ford Brothers, Inc. may, at its sole discretion, resell, discard, donate, or otherwise dispose of abandoned items without notice to the purchaser. No refunds shall be issued for abandoned or forfeited items.
SALES TAX:
Kentucky Sales Tax (6%) shall be added to the purchase price where applicable. Dealers, agricultural exemptions, and resale tax-exempt purchasers must provide proper documentation acceptable to the Auctioneer at the time of payment.
AUCTION BIDDER DEFAULT:
Default by Buyer: If the Buyer fails to comply with any of the terms and conditions of this Auction, including, but not limited to, failure to pay the earnest money deposit, failure to execute the Contract for Sale of Real Estate, and/or failure to pay the full balance of the purchase price on or before the closing date, the Buyer shall be deemed to be in default. Failure to complete the purchase shall constitute a material breach of the Auction Terms and Conditions and the Contract for Sale of Real Estate.
Seller's and Ford Brothers, Inc.'s Remedies: Upon default by the Buyer, the Seller and/or Ford Brothers, Inc. may elect, in their sole discretion, to pursue any one or more of the following remedies, in addition to any remedies otherwise available under Kentucky law:
- TERMINATION & FORFEITURE OF EARNEST MONEY
Seller may terminate the Contract for Sale of Real Estate immediately upon written notice to Buyer. In such event, the entire earnest money deposit, including any supplemental deposits, shall be forfeited by Buyer and retained pursuant to the terms of the Contract for Sale of Real Estate and applicable Kentucky law. Buyer acknowledges and agrees that actual damages may be difficult to ascertain and that forfeiture of the earnest money deposit is a reasonable remedy and not a penalty.
- RESALE OF PROPERTY
Seller and/or Ford Brothers, Inc. may resell the property by public auction, private sale, or any other method deemed appropriate. The defaulting Buyer shall be liable for any deficiency between the original purchase price, including the applicable Buyer's Premium, and the resale price obtained, together with all costs, expenses, commissions, attorney fees, advertising expenses, employee labor expenses, and other damages incurred in connection with the resale and enforcement of the agreement.
- SPECIFIC PERFORMANCE
Seller may pursue specific performance and require Buyer to complete the purchase and pay the full purchase price pursuant to the Contract for Sale of Real Estate.
- AUCTION COMPANY DAMAGES & EXPENSES
Buyer shall remain liable to Ford Brothers, Inc. for all commissions, costs, and expenses incurred in connection with the auction and resale process, including but not limited to advertising costs, surveying costs, engineering costs, employee labor costs, administrative expenses, attorney fees, and any other auction-related expenses resulting from Buyer's default.
- SURVIVAL OF OBLIGATIONS
Buyer's obligations for damages, costs, expenses, attorney fees, and deficiencies shall survive termination of the Contract for Sale of Real Estate and closing cancellation.
- ATTORNEY FEES & COURT COSTS
In the event litigation or legal action is required due to Buyer's default, Buyer shall be responsible for all court costs, attorney fees, litigation expenses, and collection costs incurred by Seller and/or Ford Brothers, Inc., to the extent permitted by Kentucky law.
- GOVERNING LAW & VENUE
All disputes, claims, and legal proceedings arising out of the auction, bidding process, or Contract for Sale of Real Estate shall be governed by the laws of the Commonwealth of Kentucky. Venue for any litigation shall be exclusively in Pulaski Circuit Court, Pulaski County, Kentucky.
- LOSS OF BIDDING PRIVILEGES
Any Buyer determined to be in default may, at the sole discretion of Ford Brothers, Inc., lose all bidding privileges for future Ford Brothers, Inc. auctions and affiliated MarkNet Alliance auctions.
GOVERNING LAW & VENUE:
All auction terms, conditions, announcements, procedures, bidding activity, contracts, and related transactions shall be governed by and interpreted in accordance with the laws of the Commonwealth of Kentucky.
Any dispute between Ford Brothers, Inc., its agents, representatives, Seller(s), and/or Buyer(s) shall be brought exclusively in Pulaski Circuit Court, Pulaski County, Kentucky.
AGENCY:
Ford Brothers, Inc., its agents, and representatives are acting solely as agents of the Seller.
Buyer and/or Bidder agrees to indemnify and hold harmless Ford Brothers, Inc., its agents, representatives, officers, employees, and Seller(s) from any and all claims, damages, liabilities, lawsuits, judgments, costs, expenses, or fees arising out of or related to the auction, bidding process, purchase transaction, property condition, access to property, or use of purchased property, to the extent permitted by Kentucky law.
FAIR HOUSING COMPLIANCE:
Ford Brothers, Inc. complies with all applicable federal and state fair housing laws.
DISCLAIMER & ABSENCE OF WARRANTIES:
All information contained in brochures, advertisements, websites, surveys, maps, plats, aerial photographs, tax records, and other materials is believed to be accurate but is not guaranteed.
The property is being sold in "AS IS, WHERE IS" condition with no warranties or representations, expressed or implied, made by the Seller or Ford Brothers, Inc.
Each bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence prior to bidding.
Announcements made on the day of the auction, whether orally, electronically, or in writing, shall take precedence over all previously printed, published, or distributed materials.
For additional information, contact Ford Brothers, Inc. Auctioneers at 606-679-2212.
Matt Ford, Auctioneer
