7 +/- Acres in Nancy, Ky near Lake Cumberland at Absolute Online Auction
Bidding Ends Thursday, September 19th, 2024 at 6:00PM
2468 Mill Springs Road Nancy, Ky

Property Information:
See attached plat. The property is being sold in one parcel, not multiple parcels as the attached plat shows.  In viewing the plat, we are selling Tracts 5 & 6 of the Whispering Hills Subdivision Section I (0.7949 Acres on Plat) and Tracts 1-13 of Whispering Hills Subdivision Section II (6.4927 Acres on Plat) for a total of 7.2 +/- Acres.

Directions:
Road Sign - Whispering Hill Ln PVT
PVA Location - Red Dog Ln
Google Location:  2468 Mill Springs Road Nancy, Ky
(Located just past Moulden's Hill a Mill Springs Battlefield Stop)
Property located in Wayne County, Kentucky

Discover the beauty and tranquility of this 7 +/- acre wooded property in Nancy, Kentucky, just a stone's throw away from the pristine waters of Lake Cumberland. Nestled near the historic Mill Springs Battlefield and adjacent to the U.S. Corp of Engineers land, this property offers a unique opportunity for those seeking off-the-grid living or a secluded retreat. Whether you're an outdoor enthusiast looking for a hunting haven or simply desire a peaceful escape, this property is ideal for recreational use. With its serene surroundings and prime location, this land is a perfect canvas for your dreams. Don't miss your chance to own a piece of nature's paradise.

TERMS:

In an unfortunate event, one of our sellers has passed away. We still plan to close the sale of this property. Some additional time may be needed to complete the closing paperwork. 

Buyer's Premium: There will be a 10% Buyer’s Premium added to the winning bid to determine the final sale price.

REAL ESTATE TERMS: 20% of the total sale price down as non-refundable earnest money in the form of a certified check, cash or wire transfer within 48 hours of the close of the auction. We do not accept a credit card for down payment. The balance of purchase price is due at closing, said closing to be within 60-90 days of close of bidding. Purchaser shall be responsible for all wire transfer fees. Closing will be as specified in the Contract for Sale of Real Estate. 

This online only auction is a CASH SALE not contingent on or subject to financing, appraisal, survey or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Contract for Sale of Real Estate.

GOOD INSURABLE GENERAL WARRANTY DEED AT CLOSING.

Real Estate Taxes and Closing Cost: All real estate taxes will b prorated for 2024.. The purchaser will pay all other closing costs associated with the purchaser’s side of the sale, including local and state recording fees and any cost associated with the purchaser’s loan. The seller will pay for deed preparation and deed tax.

ONLINE AUCTION TIMES:

Ford Brothers, Inc. Real Estate Online Auctions are timed events and all bidding will close at the 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 will be automatically extended 5 minutes from the time the bid was placed. Example: if an auction scheduled to close at 6:00 receives a bid at 5:59, the close time will automatically extend 6:05.The auto-extend feature remains active until no further bids are received within a 5-minute time frame.

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.

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 20% 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 Ford Brothers, Inc. and the Seller as provided in the Auction Terms and Conditions and the Contract for Sale of Real Estate. Ford Brothers, Inc. 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 Ford Brothers, Inc, its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Pulaski County, Kentucky. By bidding on the property, buyer agrees to all terms and conditions set forth.

Acceptance of Bid Prices: Successful bidder(s) will be required to enter into a purchase agreement immediately following the close of the auction. Ford Brothers, Inc. will e-mail documents to be executed and said documents should be faxed or e-mailed back to Ford Brothers, Inc. within 48 hours of the end of the auction. Successful bidders not executing and returning contracts with earnest money deposit within 48 hours will be considered in default. Any and all inspections that a buyer may want must be done at buyer’s expense prior to the close of the online bidding. Ford Brothers, Inc.'s Agents, Representatives or Employees may bid.

Bidder Verification: The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Ford Brothers, Inc. will reject the registration, and bidding activity will be terminated. The Seller and Ford Brothers, Inc. reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. Bidders agree to keep their username and password confidential as they are responsible for ANY and ALL activity involving their account. When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges.

Agency: Ford Brothers, Inc.' Agents and Representatives are agents of the Seller. Buyer and or Bidder agrees to hold harmless and indemnify Ford Brothers, Inc. and its Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.

NEW DATA, CORRECTIONS, AND CHANGES: Please check for updated information prior to scheduled auction time to inspect any changes, corrections, or additions to the property information. Disclaimer & Absence of Warranties: All information contained in this information packet and all related materials are subject to the terms and conditions outlined in the Contract for Sale of Real Estate agreement. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation either expressed or implied, concerning the property is made by the Seller or Ford Brothers, Inc. Agents or Representatives. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in the brochure and on the website is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller, Ford Brothers, Inc., Agents or Representatives. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. All decisions of Ford Brothers, Inc. are final. Any dispute between Ford Brothers, Inc., its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Pulaski County, Kentucky. By bidding on the property, buyer agrees to all terms and conditions set forth.

Auctioneer/Broker/Seller Disclaimer: The information contained herein is believed to be correct to the best of the auctioneer’s knowledge. The information is being provided for the bidder’s convenience and it is the bidder’s responsibility to determine the information contained herein is accurate and complete. The property is selling in its ‘as-is’ condition with no warranties expressed or implied.

For additional information, contact Ford Brothers, Inc. Auctioneers at 606-679-2212

​Matt Ford, Auctioneer

2468 Mill Springs Road
Nancy, Kentucky 42544
United States