Online Only ABSOLUTE Real Estate Auction - 5172 Booker T Washington Hwy Rocky Mount, VA 24151.
Current Tax Value - $159,600
The bidding will open online Saturday, June 30th at NOON and will end online Monday, July 2nd at 11AM! IF a bid is placed in the last 59 seconds of the auction ending, the time will be extended 3 minutes to give other bidders an opportunity to bid again (just like a live auction) This property will be sold absolute (to the highest bidder).
Property Details: 10.827 +/- Acres with a cozy ranch house consisting of 1488 finish square feet. House has a walkout basement, detached 2-car garage, and 2 storage buildings. Located on Route 122 between Burnt Chimney and Rocky Mount, the house can be accessed from the 0.3 +/- private road off Route 122 or from the 30' Right of Way from Dee Dee Lane.
Open House / Previews - Saturday, June 16th from 10AM till Noon - Saturday, June 23rd from 10AM till Noon - Saturday, June 30th from 10AM till Noon. Special showings can be arranged, call Phillip (540) 312-8569.
10% Buyer's Premium will be added to the final bid and made part of the total sale price.
10% of total sale price must be paid in cash, certified check, or bank wire in our escrow account by close of business (5PM) on July, 2nd 2018 (the day the auction ends).
Property is sold AS-IS and WHERE-IS.
PLEASE - READ AND UNDERSTAND ALL TERMS AND CONDITIONS PRIOR TO BIDDING.
PLEASE READ AND UNDERSTAND ALL TERMS AND CONDITIONS.
If a bid is placed in the last 59 seconds, the time will be extended by 3 minutes to give all other bidders an opportunity to bid (just like a live auction).
10% Buyer's Premium does apply. Once the bidding is complete, the total consideration is determined by the final bid, plus a 10% buyer's premium. This will reflect the total price that will be in the contract and total consideration recorded at the courthouse.
Once the timed auction is complete, this will indicate the hammer has been dropped and the property has been sold. The winning bidder will sign the contract and plan to deliver a 10% non-refundable deposit either via cash, certified check, or a wire transfer to our escrow account by the close of business on April 14, 2020 to Lucky Dog Auction Company - 19875 Virgil H Goode Hwy Rocky Mount, VA 24151. The remainder of the purchase price is due via certified funds within 45 days of April 14, 2020. TIME IS OF THE ESSENCE.
This sale will have no contingencies. We will accommodate you for the reasonable appraiser or access prior to closing; however, there are no financing, inspection, or other contingencies.
Bids will only be accepted by registered bidders.
Regarding the deposit, our guarantee and the sellers' guarantee to you is to deliver clear title. The properties are sold in as-is condition; however, we can assure you that you will have a clear title.
The property is free and clear of any abnormal liens and mortgages, we are certain we can deliver a clear title. Should we be unable to deliver clear title, we will refund the entirety of your deposit in an expeditious fashion. However, please understand that the deposit is not refundable if you call back in a week and say that after thinking about it, or after talking to your wife or girlfriend, or even your banker, you've changed your mind. You will forfeit the deposit as liquidated damages at that point.
Per the UCC, at the fall of the hammer and announcing SOLD, we have an enforceable contract. Should the bidder default in closing, in addition to the contract, the bidder is responsible for any subsequent deficiency in a future sale and any associated damages. REMEMBER when the timed auction ends online, the real property will be marked SOLD and we will have an enforceable contract.
If you have reason to think that you will be unable to fulfill the bidder terms and conditions, we ask that you please refrain from bidding. Remember the buyer premium and the deposit.
This is an absolute auction (sold to the highest bidder regardless of price) and it's sold AS-IS.
