Terms & Conditions
Bear Creek Church Road
Buyer Premium: A 10% Internet Premium will be added to the last and final bid to determine the high bid price.
Representation: The Auction company represents the sole interest of the seller.
Inspection times & access: Inspection will be allowable during Open House or upon an appointment being made with The Swicegood Group, Inc. (Auctioneer/Auction Company) 336-751-4444.
Perking of Property: Property owner has hired a soil scientist for the purpose confirming that property perks for a minimum of a 4 bedroom 2 bath house per each 13.33 acre + - tract. Bidder is encouraged to contact the soil scientist to gather information pertinent to their desired use. Per Guaraneeds are limited to the scope and conclusion of the soil scientist.
Restrictions: The property will be restricted to no mobile homes. Property will be restricted to no trash & debris to be left on any tract of land.
Contract for purchase: A copy of the contract that will be used for the successful bidder has been posted on the website. High bidder will be expected to sign via digital signature (DocuSign) within three hours after the auction. Please review, or have reviewed this document prior to bidding.
Proof of funds & deposit: Upon registering to bid, bidder will be required to show proof of funds in the amount of at lease $5,000. Once the auctioneer receives this, the bidder will be provided bidding privileges. High bidder, following the end of auction will deliver to Seller's Attorney a $5,000.00 non refundable deposit within 24 hours of contract execution via certified funds or wire transfer with the balance due at closing.
Conditions: – All information contained herein is deemed to be from reliable sources. However, neither the Auctioneer nor the Seller guarantees this information to be correct. We reserve the right to add or delete. Please inspect the property and bid accordingly. The Auctioneer represents the Seller in this transaction. All announcements made at the auction shall take precedence over all other information. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.
Closing: Closing shall take place not later than 30 days from the contract date.
Title: Seller shall deliver to Buyer at closing a General Warranty Deed, free & clear of any liens. If Seller is unable to do so, Buyer's deposit will be refunded.
Property: Property is being sold AS-IS, WHERE IS with no warranties or representations as to the condition. Auction Company does not guarantee any written material or facts about this property. Auction Company has to the best of its ability, tried to give all information available from seller and/or other gathered information. Buyer is responsible for his or her own investigations of the property.
Survey: Buyer is responsible for survey and survey costs if desired or required for deed preparation. Davie County GIS has been used to provide approximate acreage for this auction. Each subdivided tract is considered to be 13 acres + - . Contract purchase price will be determined by surveyed acreage times the high price per acre plus the 10% buyer premium. Acreage is considered to be 13.33 acre, however, could be more o less.
Real estate taxes and assessments: The 2019 calendar year taxes shall be prorated to the date of closing and shall be paid by the Seller in the form of a credit to the Buyer at closing. Buyer will be responsible for all subsequent taxes.
ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION VIA THE WEBSITE DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.
The property is being sold on “AS IS WHERE IS” basis, and no warranty or representation either expressed or implied, concerning the property is made by the Seller or the auction company. 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 any brochure produced by the auctioneer about this property is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the Seller or the auction company. All sketches and dimensions in this brochure are approximate. Any square footage is approximate and has been estimated. Conduct at the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. All decisions of the auctioneer are final.
Corrections and changes: Auctioneer reserves the right to change, and/or amend any of the terms and conditions of this auction.
The Swicegood Group, Inc.
NCAL 8805 NCAFL 8790