Terms & Conditions

Online Only Absolute Auction

· Sells to the highest bidder regardless of price.

Buyer’s Premium

· 10% added to the high bid to determine the contract price.

· Example: $250,000 high bid + 10% BP = $275,000 contract price.

Earnest Money / Deposit

· 10% of the contract price, non-refundable (except as stated in the purchase agreement if seller cannot convey marketable title).

· Due within 24 hours.

· Winning bidder must sign the purchase agreement immediately after the auction (electronically).

Closing

· On or before 45 days after the auction (target: on or before Friday, April 24, 2026).

· Balance due at closing. No financing, appraisal, or inspection contingencies.

· 2026 Real estate taxes prorated as of closing per local practice.

· Seller to convey marketable title by customary deed; any liens/delinquent taxes satisfied by Seller at or before closing.

· Buyer pays their customary closing costs.

Bidder Verification

· All bidders must register with Noel Auctioneers & Real Estate Advisors. Bidders must submit proof of funds or pre approval letter prior to being approved to bid.

· Identities will be verified; if we cannot verify identity, bidding approval will be denied.



Technical Issues

· If a server, software, or internet failure occurs, the Auctioneer may extend, suspend, or close bidding. Registered bidders will be notified by email.

Property Condition & Disclaimers

· Property sells AS-IS, WHERE-IS, with all faults, and no warranties (express or implied).

· Information is believed accurate but not guaranteed.

· It is the bidder’s responsibility to inspect the property and verify all information.

· Auction-day announcements take precedence over any printed or advertised material.

Legal Venue

· Any disputes shall be resolved in a court of competent jurisdiction in Fayette County, Kentucky.

Contact Noel Auctioneers & Real Estate Advisors

· Primary Contact — Jonathan Noel, Owner/Auctioneer — 859-612-9175 jonathan@noelauctioneers.com