Online Real Estate Auction-36 Lots Prairie Waters Subdivision

by Taylor Auction & Realty, Inc.


Bidding Online May 22, 2013 - June 20, 2013 @ 1 PM Online Only Closes June 20 1:00 PM Central


36 lots in Elite Prairie Waters Subdivision Columbus, MS


Online Only


Beautiful Stocked Lakes

Large Spacious Lots

Close Proximity to:

West Point, MS.

Mississippi State University Campus

Columbus Ms.

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Online Only Real Estate Auction

Prairie Waters Subdivison
Highway 82 South Frontage Road
 Prairie Waters Entrance
Columbus, MS.
 Bidding Opens May 22 and Closes
Thursday, June 20 @ 1:00 PM
36 Lots situated in
Prairie Waters Subdivision
  • Beautiful Stocked Lakes
  • Large Spacious Lots


Close Proximity to West Point, MS.

Mississippi State University Campus
 and Columbus Ms.
Auctioneer's Disclaimer


Taylor Auction & Realty, Inc. has put forth every effort in preparing the catalog for this auction to provide accurate description of the property. Real Estate selling AS IS and neither the seller nor Taylor Auction & Realty, Inc. makes any warranties or representations, express or implied, as to the habitability or condition of the real property It is encouraged that you inspect the property you wish to purchase PRIOR TO THE ONLINE AUCTION. No sale will be contingent upon a property inspection by the successful bidder after the auction or is the sale contingent upon Buyer obtaining financing. Printed statements or descriptions by staff or seller are provided in good faith and are matters of opinion. Bidders must conduct and rely solely upon their own investigations and inspection in regard to condition and feasibility of the bidder’s intended use. The property is being sold 'AS IS' with any and all faults. Please review all information supplied, and seek appropriate assistance prior to bidding.

In regard to Inspection, please call 662-226-2080.

Make an Offer option is available until June 12, 2013 at 5:00 pm. After that date and time the auction will be converted to the Ultimate Choice Bidding Method where lots can be bid on individually and in groups.

Ultimate Choice Bidding Method:

The lots are selling by the Ultimate choice bidding method. The lots will be offered and sold by the Total Dollar Amount. This catalog will close at 1:00 PM and will extend depending on bidding activity. SEE

EXAMPLE BELOW in regard to placing bids.


A 10 % Buyer's Premium will be added to your final bid to equal the contract price.

To view an example of the Ultimate choice bidding method visits this link: This link is featured at the bottom of our home page.

You may bid on a combination of lots or a single lot.

If a vacant lot is in a combination, the ultimate choice bid method will allow you to extract a single parcel from a combination subject to a specified increase over the current high bid.

Opening bids are entered on each parcel individually for a base price to begin the bidding of the tracts individually or to assist with combinations. This allows bidders to bid on any tract, group the tracts in any desired combination, or bid the whole property, subject to a specified increase over the current high bid.

This is an online auction only, with the bidding ending on June 20, 2013 @ 1:00 PM with extending bidding in place.


There is an extended bidding feature at our website. Therefore, please be online before closing to bid further if activity extends the bids. All online only real estate auctions are timed events and all bidding will close at a specified time unless bids are placed in the last five minutes. Since this auction is utilizing the Ultimate Choice Bidding Method this auction employs the extend all feature. The extend-all feature extends the bidding for all lots on the auction. The auction has an extend-all feature of 15 minutes. This means if the end time is 6:00 pm and auto extend is set at 15 minutes, and a bid is placed 9 minutes before the end of the auction, this will only extend the auction to 6:06 pm. The actual end time shown for the auction is the end time for all items and other bidders are always given the amount of time supplied as auto extend to consider placing a bid. Please note that this feature changes the actual end time of the auction and that no notification of this extension is currently in place. So stay present at the end of the auction to achieve your lot or if you are outbid on one lot, you may choose another. Refresh the time to stay abreast of the ending time. Our on-line auctions move quickly especially at the ending time! If you are interested in bidding, bid quickly. If you win you will be notified by email.

Time Increase or Decrease: Taylor Auction & Realty, Inc. may increase or decrease the extended time amount at any time during the auction until the close of bidding.

Registration, Bidding and Outbid Notifications:

In order to have enough time to conduct authorizations, registration must be completed at least 24 hours in advance of the end date of the auction. If the day before an auction falls on a holiday or weekend, the deadline is the day before the holiday or the Friday prior to the auction.

In order to better serve our customers, all bidders must provide their name, address, daytime phone number or cell number, and email address at which they can be contacted. This is to insure good communication between Taylor Auction & Realty, Inc. and the bidder throughout any transactions. Each bidder's identity will be verified. Bidding rights are provisional, and if complete verification is not possible, Taylor Auction & Realty, Inc. will reject the registration, and bidding activity will be terminated.

Our on-line auctions move quickly! If you are interested in bidding, bid quickly; especially at the close of bidding time. The bidding software will notify bidders by email or text when they have been outbid. Bidders may also find out if they have been outbid by refreshing the individual lot information or the entire screen. Due to varying internet connections/ speed, please place a max bid or constantly monitor the auction at close of bidding. Sometimes email or text notifications can be delayed. If you win you will be notified by email.

ORDER OF AUCTION: Offering - The real estate will be offered as a whole by the dollar.

BUYER'S PREMIUM: A 10 % Buyer's Premium will be added to your final bid to equal the contract price.

Buyer's Premium example:

Bid price - $50,000.00

+ 10% Buyer's Premium - $ 5,000.00

= Total Contract price - $ 55,000.00

Terms: At the close of the auction, successful bidders will be emailed a contract to be executed and returned to Taylor Auction & Realty, Inc. Successful bidders will deposit 10% of contract price per property in the form of cashier's check or wire transfer to Taylor Auction & Realty, Inc. The entirety of the remaining balance is due within 30 days at closing. This online auction is a CASH SALE not contingent on or subject to financing, appraisal, survey or inspections of any kind, as agreed to by Bidder and or Buyers at registration prior to bidding and specified in the Contract for Sale of Real Estate. Purchaser will be responsible for all wire transfer fees.

AUCTION CONTRACTS: Contract Documents will be sent by e-mail to the successful bidder, who must execute and fax or email back to Taylor Auction & Realty, Inc. within 24 hours of the end of the auction. You will be closing on property on which you are the successful bidder in the final manner in which you bid at the auction.

AUCTION BID DEFAULT: Successful bidder not executing and returning the contract with earnest money deposit within 24 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 the Sale and Purchaser of Real Estate and 10% of High Bid Price in earnest money deposit, the winning bidder will be charged a penalty fee of $1,000.00 on the credit card provided at auction registration. Additional default remedies are reserved by Taylor Auction & Realty, Inc. and the Seller as provided in the Auction Terms and Conditions and the Contract for Sale of Real Estate. Taylor Auction & Realty, 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.

LIQUIDATED DAMAGES: If the buyer chooses not to close within the stated time and no written extension has been granted by the seller, the buyer will forfeit all of the deposit. If such action occurs, Taylor Auction & Realty, Inc. hereby has the right to disperse the deposit as stated in the listing agreement and the buyer has no claims to such money or property being sold. Liquidated damages are to cover cost of auction, cost incurred by seller, labor cost and additional cost of auction as not defined in this agreement.

Taylor Auction & Realty, Inc.'s INVOLVEMENT IN THIS CONTRACT: Taylor Auction & Realty, Inc. is the agent of the seller and their fiduciary duties of loyalty and faithfulness are owed to their client (the seller). Taylor Auction & Realty, Inc. is not acting as a buyer's agent. Please sign and return Working with a Real Estate Broker before you bid acknowledging your understanding of agency. TAR reserves the right to remove or cancel the bids and or bidding rights and privileges of any party, deemed not to be in the best interest of the seller, at any time. The seller and buyer hereby agree that Taylor Auction & Realty, Inc. is a part of this contract and shall receive compensation as stated in the Contract to Purchase Real Estate.

Terms and Conditions of Online Only Real Estate Auction:

10% Buyer's Premium added to hammer bid to determine contract price.

10% escrow deposit due at the close of Bidding/closing day of auction on contract price

CLOSING: Time being of the essence, these sales shall be closed as soon as possible within the 30 day period.

CLOSING LOCATION/AGENT: Closing Services, Inc. Doug Dalrymple

Deed Preparation: Seller's Responsibility

Taxes: 2013 to be prorated

Seller confirmation on property

Buyer's Responsibility: All closing costs including title work any other fees and also the survey are the responsibility of purchaser.

HOMEOWNERS DUES:Association Dues are $330.00 per year and will be prorated at the closing.

Survey fees are estimated at $375.00

POSSESSION: Purchaser shall receive possession of property at closing.

BIDDER BROKER PARTICIPATION: A Broker Participation Form with complete instructions is available at

SPECIAL INSTRUCTIONS: Any special instructions must be written on sales contract today.

RESTRICTIONS: Subject only to local and State of Mississippi laws, ordinances and regulations. Property is selling to all easements of record. Seller is placing no restrictions on the property. The owner does warrant that they have good merchantable title to the real estate and that they will convey the same with a warranty deed.

DISCLAIMER: All information contained herein is believed to be correct to the best of the auctioneer's knowledge. The information is being furnished to bidders for the bidder's convenience and it is the responsibility of the bidder to determine that information contained herein is accurate and complete. Any reliance on the contents shall be solely at the recipient's risk. Bidders must conduct and rely solely upon their own investigations and inspection in regard to condition and feasibility of the bidder’s intended use. The property is being sold 'AS IS' with any and all faults. Please review all information supplied, and seek appropriate assistance prior to bidding.

Hold Harmless: Buyer and or bidder agrees that Taylor Auction and Realty, Inc. is a representative of the Seller and agrees to hold harmless and indemnify Taylor Auction & Realty, Inc. and its Agents, Owner, Directors, Employees and its Representatives from any and all claims, demands, expenses, damages which bidder/buyer may claim on account of or any way growing out of said auction and to look solely to the Seller for any remedy demanded.

SOLE AND EXCLUSIVE VENUE & JURISDICTION OF ALL DISPUTES: Any and all claims, including debt collection and all other disputes of any kind, nature, or character whatsoever arising from this auction sale shall be brought in the appropriate court of Grenada County, Mississippi, and shall be governed by the laws of the State of Mississippi; Seller, Bidder and Buyer each individually and collectively by virtue of participating in the Auction conducted by Taylor Auction and Realty, Inc. do hereby irrevocably agree to submit themselves and any claims to the jurisdiction and venue of the courts of Grenada County, Mississippi, and the laws of the State of Mississippi, which shall be the sole venue and jurisdiction for the resolution of any claims between them and Taylor Auction and Realty, Inc. regardless of the nature or location of the property sold/purchased or the physical location of the Auction.

Bidder Acknowledgment: Bidder acknowledges that no relationship of any nature or type, agent, employee, independent contractor or otherwise is created between bidder and auctioneer, affiliated auction companies, affiliated software companies and/or any servant, agent or employee of the same by bidder’s participation in this auction. Bidder acknowledges and agrees that Auctioneer is acting solely as the agent for the seller in this auction. Disclaimer of warranties: There are no understandings, agreements, representations or warranties, express or implied not specified herein, respecting this contract or the item or property sold hereunder, including but not limited to the merchantability or fitness for a particular purpose.

Bidder Responsibilities: Bidder responsibilities include, but are not limited to: 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. Auction company employees and/or auction company may bid on auction for absentee bidders or at the direction of interested bidders.

Guaranty Agreement in regard to bidding for a business entity: By submitting a bid in the name of a business entity or corporation, the individual submitting the bid enters into a guaranty agreement whereby he or she personally guarantees earnest money payment to Taylor Auction & Realty, Inc and completion of the transaction.

SERVER & SOFTWARE TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Taylor Auction & Realty, Inc., reserve the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE nor Taylor Auction & Realty, 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 Taylor Auction & Realty, Inc.

Refresh Bidding: Refresh your screen constantly during the closing minutes of the bidding, or Enable the Auto Refresh feature.

By bidding on any item, the bidder shows acceptance of the terms of the auction.

If you have any questions, in regard to this email, please contact us at 1.662.226.2080 or email:

[email protected] or [email protected]

You may email or fax the required documents. Fax: 1.662.227.1653

Thank you for your interest in this auction.

Announcements from the Auction block website take precedence over any previously printed material or any other oral statements made.

Benny Taylor CAI AARE CAGA

Taylor Auction & Realty, Inc.

Conducted By

Taylor Auction & Realty, Inc.

Office: 1.662.226.2080

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