DATE & TIME

Auction Closes: Monday, October 21st @ 1:00pm

LOCATION & DIRECTIONS

2200 E Overholser Ct., Oklahoma City, OK 73127

SALE INFORMATION

Open Houses will be held on Sunday, October 13th and Sunday, October 20th from 2:00-4:00pm.

Auction will be held online only. Download the Bray Auctions App for iOS and Android Devices or bid online by clicking here. Prospective bidders are required to create an account and submit information for approval to bid.

Terms On Real Estate: 10% Deposit / Earnest Money Is Due At The Signing of the Contract, Within 24 Hours of Auction Close.

A 10% Buyer's Premium Will Be In Effect.

For Any Questions, Call Barrett Bray @ (405) 888-5366 or Whitey Mason @ (405) 630-8670.

Property Information

2200 E Overholser Ct., Oklahoma City, OK 73127

4,134 Sq Ft, 4 Bed, 5 Bath Luxury Home in a Gated Community

Don't Miss This Amazing Opportunity to Buy This Gorgeous, One of a Kind, Parade of Homes Winning Luxury Home Selling at Online Only Auction to the Highest Bidder! Built w/ Quality & Comfort and Boasts Design Upgrades and Amenities in Every Room! Featuring a Vastly Open & Fully Functional Floor Plan and Offering 4 Beds, 5 Baths, Study, Bonus Room w/ Pool Table, Theater Room w/ Theater Seats & Equipment, & 3 Car Tandem Garage...All Only Steps from Lake Overholser! This is Truly a One of a Kind Custom Home w/ Beautiful Finishes, & Chandeliers Throughout. The Inviting Living Room is Warmed by a Gas Fireplace and Transitions Seamlessly to a Gourmet Kitchen w/ a Huge Island, Custom Cabinetry, Gas Range, Stainless Appliances, Breakfast Bar, Eating Area, & Pantry. Entertain in the Large Bonus Room, Formal Dinning Room, and Fully Equipped Theater Room, Then Retire to the Spacious Master Suite w/ Large Windows & Fireplace. The Exotic Master Bath Features a Private Soaking Tub, Walk In Shower, His & Her Vanities & Closets. A Downstairs Guest Bedroom Has a Full Bath and Mini-Kitchenette and 2 Additional Upstairs Bedrooms w/ Jack & Jill Bath, Large Utility Room Accessible by Master Closet, & Study w/ Built In Bookshelves Gives you Plenty of Space. Relax Outside in the Tranquil Backyard w/ Multiple Seating Areas, Overlooking a Custom Water Feature, Beautiful Landscaping, Fire Pit, & Large Yard Area. Located in a Private Gated Community Close to I-40 and the Kilpatrick Turnpike. Bid NOW!!!

For Any Questions, Call Barrett Bray @ (405) 888-5366 or Whitey Mason @ (405) 630-8670.

PROPERTY ADDRESS:  2200 Overholser Ct., Oklahoma City, OK 73127

TERMS AND CONDITIONS

Buyer Registration: By registering and accepting a number, all bidders agree to abide by all of the Terms of Sale.

Bidder Verification: The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Bray Auctions, LLC will reject the registration and bidding activity will be terminated.

Agency: Bray Auctions, LLC, auctioneers, firm, broker and all parties employed by or associated with will be acting solely as a representative of the Seller.

Auctioneer Rights: All decisions of the Auctioneer are final. The Auctioneer reserves the right to reject any bid or bidder and has the right to accept back-up contracts the day of sale. Bray Auctions, LLC has the sole authority to resolve any bidding disputes as they may arise. Bray Auctions, LLC 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.

Online Only: At the close of the auction, the successful high bidder will be emailed, faxed or delivered the contract package to execute and return to Bray Auctions, LLC within 24 hours. The successful bidder will also be required to submit a 5% Earnest Money Deposit, via certified check or wire transfer to the designated Closing Agent for Escrow within 24 hours. The entirety of the remaining balance is due at closing. Purchaser shall be responsible for all wire transfer fees.

Buyers Premium: A 10% buyer’s premium will be added to the high bid price to determine the Total Contract Price.

10% Buyer’s Premium Example:      

Bid Price: $100,000

Plus 10% Buyer’s Premium: $ 10,000

Total Contract Price: $110,000

Earnest Money Deposit: Within 24 hours of the close of the auction, an Earnest Money Deposit equal to 10% of the Total Contract Price is required by wire transfer or certified funds delivered to the designated closing agent. The remaining balance of the Total Purchase Price is due within 45 days (unless otherwise specified) from the date of commencement. Deposit funds are non-refundable unless title cannot be transferred

Contracts: A Contract Package will be sent by e-mail, fax or overnight to the successful high bidder, who must execute and email, fax or overnight mail back to Bray Auctions, LLC within 24 hours of receipt. If the successful high bidder does not execute and return the contract along with an earnest money deposit within 24 hours of receipt they will be considered in default and subject to legal action. This is a legal binding contract.

Auction Administrative Fee: In the event a winning bidder fails to submit the signed Purchase Sale Agreement and Earnest Money Deposit as provided in the Terms and Conditions, the winning bidder will be charged an administrative fee of $2,500.00 on the credit card provided at auction registration. Additional default remedies are reserved by Bray Auctions, LLC and the Seller as provided in the Auction Terms & Conditions and the Purchase Sale Agreement. All administrative fees are non refundable.

Technical Issues: Neither the company providing the software nor the auction company shall be held responsible for a missed bid or the failure of the software to function properly for any reason. The online bidding will begin to close at the specified time as per advertised. Please call 405-888-5366 if you need assistance with the online bidding platform.

Bidding Process: The Auctioneer reserves the right, but has no obligation, to bid on behalf of the Seller up to the undisclosed reserve price, unless the property is declared “Absolute” or the “Reserve has been met”. The bidder’s number is nontransferable.

All Sales are Final: By registering and bidding, the buyer acknowledges they understand and agree to the Terms of Sale. The Buyer acknowledges that they have read the Auction Purchase and Sale Agreement and the Terms and Conditions of the Auction Sale provided by Auctioneer and accept the Auction Purchase and Sale Agreement without any changes to the preprinted text.

Representation: Although information has been obtained from sources deemed reliable, the Auctioneers, Bray Auctions, LLC, its representatives, employees, firm, broker, their attorney’s nor the Seller make any guarantee or warranty of any kind expressed or implied as to the accuracy of the information herein contained.

Property: The property, offered for sale at the Auction is being sold “AS IS”, “WHERE IS”, WITH ALL FAULTS AND DEFECTS”, without warranty or guarantee of any kind, except as expressly provided for in the Auction Purchase and Sale Agreement and Terms and Conditions of the Auction Sale. Each potential Buyer is encouraged to perform his/her own independent inspections, inquiries and due diligence concerning the described property. 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. It is the Buyer’s responsibility to inspect the property prior to bidding to make their determination as to the condition or seek professional inspection (at the Buyer’s expense) of the property. Buyer(s) agrees to accept property with its current zoning, easements, and any and all right-of-ways that carry with it. All information is taken from sources deemed to be accurate and reliable, all measurements are approximate and not to scale. The Seller and the Auctioneers, Bray Auctions, LLC, contractors, employees, firm, or brokers assume no liability in this matter. Any and all announcements made the day of auction take precedence over any and all previously written advertisements or any prior written or verbal terms of sale but shall in no event form the basis of any representation or warranty by Seller or Auctioneers. By bidding on the property, you are accepting all terms and conditions stated herein.

Financing: The purchase is not contingent on obtaining financing or qualification for financing. 

Buyer Default: In the event a high bid is accepted and the Buyer fails to close or comply with the terms of the Auction Purchase and Sale Agreement, then the earnest money will be forfeited as liquidated damages, but such forfeiture shall not affect any other remedies available to Seller for such failure.

Indemnity: The Buyer assumes full responsibility and liability for any claim or actions based on or arising out of injuries, death, damage, loss of property, sustained or alleged to have been sustained by Buyer, its agent, principals, associates, friends, family and/or employees, in connection with or to have arisen out of or incidental to the auction including but not limited to the performance of this contract. Regardless of whether such claims or actions are founded whole or in part upon alleged negligence or negligent misrepresentation of Seller, Auctioneer, or the employees, agents, invitees, or licensees thereof, Buyer agrees to indemnify and hold harmless Seller, Auctioneer, and their representatives, and the employees, agents, invitees and licensees thereof in respect of any such matters and agrees to defend any claim or suit or action brought against Seller, Auctioneer, and their representatives, and the employees, agents, invitees and licensees thereof.

Environmental Disclaimer: The Seller and Bray Auctions, LLC, agents, contractors and employees do not warrant or covenant with Buyer(s) with respect to the existence or nonexistence of any pollutants, contaminants, mold, or hazardous waste prohibited by federal, state or local law or claims based thereon arising out of the actual or threatened discharge, release, disposal, seepage, migration or escape of such substances at, from or into the demised premises. Buyers are to rely upon their own environmental audit or examination of the premises.

Acreage and Square Feet: All acreages and square feet descriptions are approximate. If there is a discrepancy between Bray Auctions, LLC or its representative and the actual acreage and/or square feet as determined by a surveyor or appraiser, the price will not be adjusted. The statements, while not guaranteed, are from reliable sources. Any costs incurred in establishing boundaries shall be the responsibility of the buyer(s). Each sale is subject to easements, right-of-way, reservation and/or restrictions of record.

Closing: TIME IS OF THE ESSENCE. The balance of the purchase price will be within 45 days from the Commencement Date, which is the date of mutual execution of the Purchase Sale Agreement by the Seller and Buyer. The Seller at closing will convey the real estate with a Special or General Warranty Deed, as specified by the Purchase Sale Agreement. Buyer is responsible for all customary closing costs associated with closing to include but not limited to all transfer and recording closing fees, financing expenses, title fees, title insurance, survey, easement and appraisal. Taxes will be prorated from date of closing.

BY REGISTERING TO BID, YOU HAVE ACKNOWLEDGED:

• I have read and agree to the Terms and Conditions of Auction Sale as set forth herein.
• I have read, understand and agree to all of the terms and conditions in the Auction Purchase & Sale Agreement and will sign the Auction Purchase & Sale Agreement without making any changes to the pre-printed text.
• I understand that I do not have an agency relationship with Bray Auctioneers, LLC, auctioneers, firm, broker and all parties employed by or associated with.
• I accept full responsibility for due diligence on the real estate I am bidding on.
• I understand that all real estate will be sold “As-Is, Where-Is”.
• I understand if I am the successful bidder the sale of this property is not contingent upon obtaining a Certificate of Occupancy.
• I understand that, in the event I am the successful bidder of real estate, that a 10% Buyers Premium will be added to the high bid and payable at closing as the Total Purchase Price.
• I understand that, in the event I am the successful bidder of real estate, and if I fail to close per the Auction Purchase & Sale Agreement, my earnest money deposit(s) will be forfeited.
• I understand these Terms and Conditions will become part of the Auction Purchase and Sale Agreement if I am the winning bidder.
• In the case of a conflict between the Auction Purchase and Sales Agreement and Terms and Conditions of Auction Sale for Real Estate, the Auction Purchase and Sale Agreement shall control.