Prime Lexington Acreage

Prime Lexington Acreage

BID TODAY!! BIDDER'S CHOICE! This amazing property will be offered in 4 ways: Lot 1: House Lot Lot 2: Wrap Around Lot Lot 3: Vacant 1+/- Acre Lot Lot 4: Combination of Lots 1-3 Call Broker/Auctioneer: Elizabeth Swicegood, 336-909-2584  
  •   Nov 16 @ 10:11am EST (Start)
  •   Dec 28 @ 6:00pm EST (End)
  •   Add to Calendar

UNDER CONTRACT

Call: Elizabeth Swicegood

BID TODAY!!

Register now to receive auction announcements!

Bid your way on the following options:
Lot 1: House Lot
Lot 2: Wrap Around
Lot 3: Vacant 1+/- Acre Lot
Lot 4: Combination of Lots 1-3

House is 1300 +/- square feet with 3 bedrooms, 1 full bath built in 1960. Partial basememt unfinished, 1 car attached garage, natural gas/central air, well in place, hooked up to county water.

 

2197 E US Hwy 64

Lexington, NC 27292

Online Only Bidding

Please take the time to read the following set of terms and conditions for the online auction.

When you register to bid, you will have to acknowledge that you have read these terms and

conditions. If you intend to register, the following items will pertain to you.

Bidders Choice: Selling Subject to Seller Confirmation

Property is being offered in 4 lots to be surveyed by Buyer

Lot 1- House and approximately 1.3+/- acres, sheds, workshops

(ID# 6745-03-34-0556) (ID# 6745-03-34-1617)

Lot 2- Approximately 3.88+/- acres and sheds

(ID #6745-03-24-9766)

Lot 3- 1.18+/- Acres

(ID# 6745-03-34-2554)

Lot4- 6.36+/- Acres with all improvements

Acreage & Survey:

Auctioneer/broker does not have any current survey on file.

Agency:

The Swicegood Group, Inc. is acting as an agent of the Seller and at no time acting on behalf of

the Buyer. By accepting these terms, you acknowledge you have reviewed the North Carolina

Real Estate Commission's "Working with a Real Estate Broker" form and will sign if you are the

winning bidder. (See form below)

Buyer's Premium: There will be a Ten Percent (10%) Buyer’s Premium added to the final bid

price to determine the final contract purchase price. For example, a bid of $100,000 is a contract

price of $110,000.

Identity/Credit Verification: To verify the identity of the cardholder and that the credit card

used is valid, we require a $100.00 authorization hold to be placed on your credit card to

complete your registration. This hold will be removed by your bank in a 24/48-hour timeframe

(varies bank to bank). Bidding rights are provisional, and if complete verification is not possible,

The Swicegood Group, Inc. will cancel your registration, and bidding activity will be terminated.

The Seller and The Swicegood Group, Inc. reserve the right to refuse service to any person who

they feel to be fraudulent.

Seller’s Side Attorney:

TBD

Auction Ending:

Online auctions are timed events, and all bidding will begin to close at a specified time. Online

auctions also have an auto-extend feature. Any bid placed in the final few minutes of the auction

will automatically extend the auction minutes from the time the bid was placed. Example: If an

auction is scheduled to close at 6:00 and we receive a bid at 5:59, the close time will

automatically extend the bidding window. The auto-extend feature will continue all lots until the

bidding has ended. If the auto-extend time needs to be increased or decreased, The Swicegood

Group, Inc. may do so at any time during the auction until the close of bidding.

Outbid /Back-In Notification/Max Bid:

During this auction process, there is a chance that you will be outbid. If you have the bidding

app, you will receive a popup notification, otherwise, you will receive an email. It is the

responsibility of the bidder to realize and maintain their desired bidding position. You may place

a maximum (max bid) which will allow the computer to protect you up to that amount. If you

place a bid and immediately get a message that you have been outbid, that means someone has

already placed a max bid and you will need to continue bidding until you are the high bidder to

supersede the previously inputted max bid.

Property Information & Inspection:

The Swicegood Group, Inc. is not responsible for any missing or incorrect listing information.

The Swicegood Group, Inc. has attempted to provide accurate descriptions; however, it is the

Bidder's responsibility to conduct inspections to determine the condition and feasibility of the

Bidder’s intended use. Descriptions that are provided by The Swicegood Group, Inc. 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. Placing a bid creates a contractual

agreement to purchase the property at the high bid price plus a Buyer’s Premium and any

additional fees included in the closing of real estate.

Auctioneer's Discretion:

The Swicegood Group, Inc. has full discretion to modify the date and time, order, and details of

the auction for any reason or no reason at all, including but not limited to technical issues,

emergencies, and the convenience of The Swicegood Group, Inc., or the Seller. Auctioneer does

not preclude the right of any employee, stockholder, or subcontractor the right to bid on any

auction. Auctioneer reserves the right to bid on behalf of the seller unless the sale is an absolute

auction.

Server & Software Technical Issues:

In the event there are technical difficulties related to the server, software or any other online

auction-related technologies, The Swicegood Group, Inc., and the Seller reserves the right to

extend bidding, continue the bidding, or close the bidding. Neither the company providing the

software nor The Swicegood Group, Inc., or the Seller shall be held responsible for a missed bid

or the failure of the software to function properly for any reason. The Swicegood Group, Inc.

may send email notifications to registered Bidders with updated information as deemed

necessary.

Payment Terms:

A deposit of $5,000 (five thousand dollars) is required as an earnest money deposit in the form of

a certified check or wire transfer. The earnest money deposit is a credit towards purchase price

only at closing and is due within 24-hours of contract execution date with time being of the

essence. The balance of the contract purchase price is due at closing, which shall be in thirty

days to no more than forty-five days or upon delivery of the deed. In the event the Seller cannot

produce a deed with an insurable title, the earnest money deposit will be refunded to the Buyer.

Closing will be as specified in the Auction Purchase Contract. Financing is welcome however,

the auction sales contract is not contingent on or subject to financing, appraisal, survey, or

inspections of any kind, as agreed to by the Bidders and/or Buyers at registration and specified in

the Auction Purchase Contract.

Auction Purchase Contract:

The contract is required to be fully and correctly executed, without any modifications within 24-

hours of the close of the auction and/or Seller’s confirmation, with time being of the essence. A

contract that is incomplete, incorrect, or modified in any respect, is in default. By bidding on the

property, the Buyer agrees to all terms and conditions set forth.

Closing:

Property is to be closed within 30 to 45 days (per contract).

Closing Costs:

Buyer’s closing costs can include new boundary survey (if necessary), title search fees, title

insurance premiums, recording fee of documents, Buyer’s prorated items, and any other fees

required for closing. Seller’s closing costs are limited to their portion of the prorated tax/HOA,

revenue stamps, and the cost of deed preparation. All parties will be responsible to pay their own

closing costs.

Property Condition:

All property in this auction is selling “AS-IS, WHERE IS” with all faults if any. The Swicegood

Group, Inc. makes no representations or warranties, expressed or implied, concerning the

property. Descriptions of the property are believed to be correct but are not guaranteed. It is the

Buyer’s responsibility to conduct any inspection prior to the auction. All due diligence periods

end the date the auction is scheduled to end, and prior to the end of the auction. It is possible that

the property being sold is subject to restrictive covenants and homeowner’s association rules,

regulations, and dues. It is the Buyer’s responsibility to inspect all aspects of the property before

placing a bid. No sale shall be invalidated by the Buyer because he/she did not conduct their own

inspection prior to placing a bid or doing due diligence. It is automatically acknowledged by

placing a bid that you have personally inspected the property, hired an agent to inspect the

property or waived your right to inspect the property.

Legal Interpretations:

The laws of the State of North Carolina shall interpret this document.

Disputes:

All causes of action resulting from this auction shall be heard in the General Court of Justice of

Davie County, North Carolina as the sole and exclusive venue for North Carolina properties.

Auction Bidder and/or Buyer Default:

The successful Bidder/Buyer whose bid is confirmed and who does not execute and return the

contract with the earnest money deposit within 24 hours of the conclusion of the auction and/ or

Seller’s confirmation notice, will be considered in default and will be black-flagged in our

database as a Non-Paying Bidder and will no longer be allowed to participate in our auctions

and the Seller has the right to exercise all legal remedies for such breach of contract. The

Swicegood Group, Inc. reserves the right to sell to the next highest qualified Bidder. By

registering and placing a bid, you agree that if you become a Bidder in default as specified

above, The Swicegood Group, Inc. has the right to charge your credit card a penalty of up to onehalf

of the required earnest money deposit.

Auction Cancellation – Bid Rejection:

The Swicegood Group, Inc. reserves the right to reject all bids for any reason. The Seller and/or

The Swicegood Group, Inc. as Seller's representative reserves the right to cancel this auction or

remove any item or lot from this auction prior to the close of bidding even if a bid has been

placed, unless the auction is advertised Without Reserve or Absolute.

Deed:

As specified in the Auction Purchase Contract.

Possession:

Possession delivered at closing.

Real Estate Taxes and Closing Cost:

Taxes will be prorated to the day of closing using the most current available year’s tax amount.

HOA fees and condominium assessments, if applicable, will be prorated up to the date of

closing. The Buyer will pay as elected, other closing costs associated with their side of the sale

such as title search, title insurance, including local and state recording fees.

Easements & Zoning:

Subject to all easements recorded or unrecorded.

Acreage & Aerial Photos:

Parcel dimensions/Aerial photos/approximate acreages are based on legal descriptions and or

mapping tools provide by Davidson County GIS and are for illustration purposes only and are

not to be considered as certified surveyed boundary lines.

Bidder Responsibilities:

Bidder responsibilities include but are not limited to the following: Bidders agree 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 the termination of website use privileges. The Swicegood Group, Inc. gathers aggregate

information from the website, which may include but is not limited to, the number of page

visitors, most visited pages, and all correspondence. Bidder agrees that the email address

provided may be used for correspondence during the auction and possibly future auction

announcements.

Guaranty Agreement:

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 payment in full to

The Swicegood Group, Inc. as fiduciary.

Age Requirement:

All Bidders must be eighteen (18) years of age or older.

Bidder Registration; Bidder Qualification; Waiver. YOU must register to bid. Auctioneer may establish such Bidder Registration requirements and Bidder qualification criteria as determined, in Auctioneer’s discretion, to be reasonably necessary or appropriate. In order to register to bid, YOU must provide such information (including identifying and financial information) as requested by Auctioneer. Auctioneer may refuse to accept a Bidder Registration from any potential Bidder, may refuse to grant bidding privileges to any potential Bidder, and may revoke the Bidder Registration or bidding privileges of any Bidder. Auctioneer may, in Auctioneer’s absolute discretion, receive bids from a person or entity that has not registered to bid, and/or has not satisfied all requirements for Bidder Registration, and, by bidding, such person or entity will be bound by Auctioneer’s Bidder Terms and Conditions. Bidder qualification and registration provisions are intended for the benefit of Auctioneer and Seller, and create no rights or interests in any other persons, including competing Bidders. Auctioneer and/or Seller may (but will not be required to) waive any Bidder qualification and/or registration provisions, either globally or on a case-by-case basis.