Welcome to 7817 Ritter Drive in Charlotte, NC — a beautifully designed 4-bedroom, 2.5-bath two-story home in one of Charlotte’s most convenient locations. The main level features a welcoming foyer, spacious living area with fireplace, formal dining room, an open-concept kitchen, a convenient half bath and one bedroom. Upstairs, you’ll find three well-appointed bedrooms, including a spacious primary suite with en-suite bathroom. A second full bath upstairs ensures comfort and convenience for everyone. Step outside to enjoy your enormous screened in porch and large private backyard. A detached two car garage will give you all the storage you need. Located just minutes from shopping, dining, schools, and major commuter routes, this home offers the convenience of city living while maintaining a comfortable neighborhood feel. Opportunities to own a spacious four-bedroom home in Charlotte at this value are rare — schedule your showing today.
Offers to be submitted by using the "LETTER OF INTENT" form located under the "documents" tab of this listing. This form must be completed and emailed to Auctioneer/Broker Zach Johnson at Zach@Ready2Bid.com. Submission of this form is not a binding contract by either party, but simply a method of conveying the offer to the Seller. The Seller will review the offer and then provide the specific contract package to complete the transaction if they choose to proceed. As stated in the letter of intent, buyer's agents will receive 1% commission on this sale.
WHAT TO EXPECT WHEN BUYING A GOVERNMENT ASSET
The Seller typically requires an initial 21-day marketing period before responding to any offers. This is subject to change.
1) Preview the property.
2) Government assets are always sold AS-IS with the right to inspect.
3) The asset manager prefers cash offers, but they do allow for financing contingencies. Please provide either sufficient evidence of funds for cash offers (no more than 30 days old) or a pre-approval letter for offers with financing contingencies. If you are buying in a Business Entity Name, proof of funds must be in the same entity name. If not, please provide an explanation of the relationship.
4) Typically Seller does not do post-inspection repairs
5) If you are interested in making an offer, please submit the "Letter of Intent" form under the specific listing on this website. If the asset manager chooses to move forward with your offer, the asset manager will prepare their purchase agreement and email it to you for review.
6) Outside of the 21 day minimum marketing period, the asset manager typically responds to offers within 48-72 hours (excluding weekends).
7) If you agree with the purchase agreement you will be asked to wire your earnest money to the law firm that the Seller chooses for the transaction. Seller will not execute the purchase agreement until the earnest is in escrow.
8) Property purchases with sales prices below $50,000 will be conveyed by a Quit Claim Deed and no title insurance. Property sales higher than $50,000 will be conveyed by a Special Warranty Deed and insurable title unless otherwise noted.
9) Buyers Agents are offered a 1% co-op, paid to your brokerage. Please note, this commission payment will be sent via FedEx to your brokerage 10-14 days after closing. The commission will come from Colliers International. Please have your brokerage provide us with a completed W-9 Form as this is required for payment.
10) See "documents" tab of listings for a blank sample purchase agreement for review. Note that the purchase agreement states the Seller does not pay some of the customary Seller-paid closing costs such as excise tax, and those costs will be the responsibility of the Buyer.
***Seller reserves the right to change the above process, reject all offers, call for best and final, or cancel the sale.
