101 & 401 North Yadkin Ave.
A 10% buyer premium applies A 10% Buyer's Premium will be applied to the high bid to create the total contract purchase price. [Example: $100,000 bid is a $110,000 contract purchase price.] The 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. SELLING ABSOLUTE
Selling to the highest bidder with NO minimums or reserves TERMS
For bidding privileges, we require proof of funds in the amount of $40,000. This is to be emailed to Email@ready2bid.com. Forms of proof include, bank statement, letter from bank, broker statement or other approved forms that may be considered at the discretion of the auctioneer.
We require a non-refundable down payment of $40,000 to be paid down at the close of the auction with the balance to be paid in full at closing within 30 days.
Timing and method of delivery of funds: High bidder will be required to deliver to seller's attorney, Jeremy Carter by 1 PM the following day of the auction $40,000 non refundable. Time is of the essence. Seller's Attorney:
Kluttz, Reamer, Hayes, Adkins & Carter L.L.P.
129 N. Main Street
Salisbury, N.C. 28144
- Property is being sold AS-IS WHERE-IS with no warranties implied or expressed.
- There will be no prorations of income for the month that the property closes.
- Seller will not be providing any financial, rent rolls or occupancy data. Bidder acknowledges asset is under performing and many units have uncollected rent and no contracted tenancy.
Property is subject to any and all State or Local zoning restrictions, easements recorded or unrecorded.
Auctioneer represents the sole interests of the Seller. Seller reserves the right to withdraw or accept a pre auction offer.
Closing will occur within thirty (30) days of contract execution or at time of delivery of title by Seller
Buyer will pay all customary real estate closing costs which may include but are not limited to the recording of the deed, title examination fees, title insurance cost, attorney fees, survey, inspections, home owner’s insurance, etc.
- Property is being sold in “AS, IS, WHERE IS” condition with no warranties provided.
This Online Auction is a timed event 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 minutes prior to the scheduled close, the auction will automatically extend the bidding. The auto-extend feature will continue until there is a short “quiet” period in which no new bids have been received; at this time the auction will close.
The Swicegood Group, Inc. is 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 due diligence to determine the condition and feasibility of the asset for the bidder’s intended use. Descriptions that are provided are provided in good faith and by reflect 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, this creates a contractual agreement to purchase the property at the high bid price plus the premium subject to the Seller's Confirmation as well as any additional fees that might apply towards the closing of the real estate.
The identity of all bidders will be verified via credit card which is required for registration. In order to verify that your account as open and credit worthy, YOUR BANK (not the Auctioneer) MAY put a hold on the amount required as noted when you entered your credit card information upon registration. Depending on your bank's policy, the amount could be held for up to 24-48 business day hours. Bidding rights are provisional, and if complete Bidder verification is not possible, The Swicegood Group, Inc. has the right to reject the registration. Auctioneer/seller reserves the right to change/modify any of the terms and conditions of this auction with the exception of the buyer's premium.
Bidder agrees to keep their username and password confidential, as they are responsible for ANY and ALL activity involving their account. When using the website you must obey any and all local, state and federal laws. Violations will result in the termination of web site use privileges.
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.
- Bidder acknowledges that information on Lead-Based Paint and/or Lead-Based Paint Hazards, if applicable, a North Carolina Residential Property and Owners' Association Disclosure Statement, if applicable, and a Mineral and Oil and Gas Rights Mandatory Disclosure Statement, if applicable, have been made available by Firm for Bidder's online.
- Auctioneer reserves the right to modify the Terms and Conditions.
The Swicegood Group Inc.