Terms & Conditions - 27.339 Acres - Holly Springs Rd. East Bend, NC 27018
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A 10% buyer's premium will be applied to the high bid to derive the contract sales price. Firm is the agent of the Seller of the Property offered for sale by auction, and Broker and Seller have agreed that this sale is to be conducted by including a buyer's premium of upon the final high bid price as determined by the Broker ("Buyer's Premium"). The actual contract sale price shall be the sum of the successful high bid plus the Buyer's Premium.
By registering, bidder acknowledges that they desire to bid upon said Property.
Bidding: Bid price is a "per acre" price for entirety of property. Sale price will be figured by multiplying bid price by acreage stated on county tax card, unless a buyer provided survey is conducted, in which case the survey acreage will be used.
Easements: Subject to all easements recorded or unrecorded. If Buyer elects to have a survey it will be at Buyer’s expense.
Zoning: Subject to all state and local zoning ordinances.
Agency: Auctioneer/Broker represent the sole and exclusive interests of the Seller alone.
Settlement: Closing will occur within thirty (30) days of contract execution. A twenty percent (20%) non-refundable deposit is due within 24 hours of contract execution. Deposit will be held in trust by Seller's attorney and credited to buyer at closing.
Taxes/Dues: Buyer to pay real estate taxes and any dues/fees as applicable on a prorated basis for the calendar year of 2018.
Closing Costs: Buyer will pay all customary buyer side real estate closing costs including but not limited to, recording of the deed, title examination fees, title insurance cost, attorney fees, survey, inspections, HOA dues, Fees, insurance if applicable, etc.
Warranties: Property is being sold in “AS, IS, WHERE IS” condition with no warranties and is subject to all the applicable Federal, State, and County laws, regulations, and ordinances and is also subject to all plats, all current proposed or pending covenants, restrictions, zoning, government requirements, environmental issues, roadways, easements, and rights-of-way of record.
Auction Type: Property is being sold subject to reserve price.
Auction Ending/Soft Close: Online Auctions are timed events and all bidding will begin to close at a specified time. There is an auto-extend feature, which means that any bid placed in the final five (5) minutes of an auction will automatically extended from the time the bid was placed. For example, if an auction is scheduled to close at 6:00 and a bid is received at 5:56+, the close time will automatically extend. The auto-extend feature will continue until there is a five (5) minute “quiet” period in which no new bids have been received, the auction will then close.
Property Information & Inspection: We are not responsible for any missing or incorrect listing information. We have attempted to provide accurate descriptions. However, it is the bidder’s responsibility to conduct any inspections to determine the condition and feasibility of the bidder’s intended use. Descriptions that are provided by are provided in good faith and are matters of opinion. It is automatically acknowledged by registering that you have personally inspected the property, hired an agent to inspect the property or waived your right to inspect the property. By placing a bid, you create a contractual agreement to purchase the property if you meet/exceed the Reserve. Auctioneer/Seller reserves the right to modify the terms of the auction. The Auctioneer nor the Seller is responsible for any technical/internet issue that may arise beyond our control.
Bidder Verification: The identity of all bidders will be verified via credit card that is required for registration. Bidding rights are provisional, and if complete verification is not possible, The Swicegood Group, Inc. will reject the registration, and bidding activity will be terminated. The Seller and The Swicegood Group, Inc. reserve the right to refuse service to any person who we feel, in our estimation is fraudulent.
Bidder Responsibilities: Bidder agrees to keep their username and password confidential, as they are responsible for ALL activity involving their account. When using the website, you must obey all local state and federal laws. Violations will result in termination of web site use privileges. In consideration for the Seller and Firm allowing Bidder to bid at the auction of the Property, Bidder hereby acknowledges and agrees that if Bidder is the successful high bidder for the Property, then Bidder will enter into a purchase and sale contract on the day of sale, under the terms and conditions stated in the auction materials. Bidder acknowledges and agrees that inclusion and/or payment of the Buyer's Premium shall not make Firm the agent of the Bidder and that Firm continues to act as the agent of Seller in the sale of the Property
Bidder Guaranty Agreement: In the event, someone is bidding on behalf of a business entity or corporation, the individual submitting the bid enters into a guaranty agreement, guaranteeing the bids placed and to abide by the Terms and Conditions of the auction.
Auction company does not preclude any qualified registered bidder from bidding.
Dennis and Stella Bowen (Living)
The SwicegoodGroup Inc.
Kyle Swicegood, Auctioneer
NCAL 8805, NCFL 8790