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Where Water Recreation and
Business Potential Abound! |
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Partial
Terms of Sale:
Personal Property:
A 13% Buyers
Premium will
be added to the high bid at
the
auction to determine the final
selling price. Full payment for
all personal property items is
required the day of the auction
in the form of cash, cashier’s
check, VISA, MasterCard, or a
personal check with property
identification. Removal of all
items is required the day of the
auction for all personal
property except for certain
temporary buildings and the
greenhouse. Other exceptions
may be made the day of the
auction by the Auctioneer &
Seller.
Real Estate: A
10% Buyer's Premium
will be
added to the high bid at the
auction to determine the final
contract sales price for the
real estate. A $10,000
non-refundable deposit
of the
final contract sale price is
payable to Consumer Escrow &
Title (Escrow Agent) in the form
of cash or cashier's check with
the balance due at closing. The
closing will take place within
30-days of the auction unless
specified otherwise or as soon
thereafter as necessary to
correct any defects in title.
NOTICE: Online
bidding for the real estate
will be offered by
http://www.proxibid.com |
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Bidders who
choose to bid online through
http://www.proxibid.com
must
pre-register
for the
auction and remit a deposit of
$10,000 on or before 11:00 AM
(EST) on Friday, June
5, 2009.
The funds must be wired directly
to the escrow agent, Consumer
Title & Escrow in South Hill,
Virginia. For wiring
instructions, please call
Consumer Title & Escrow at
434-965-2999 for specific wiring
instructions.
The Buyer's
Premium for online bidders will
be 13% (Thirteen Percent) and
will only be available for
bidding on the real estate only,
not the personal property or
equipment.
All items
including the real estate are
being sold "As Is - Where Is -
With All Faults" without any
warranties or representations
neither expressed nor implied.
Financing is not a contingency
of the sale. Title for the real
estate |
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will convey via a Special
Warranty Deed. The real estate
is
being sold “With Reserve” and is
"Subject to Owner Confirmation”. The
Auctioneer reserves the right to
bid on behalf of the Seller
until the reserve price is
achieved for the real estate
only. A broker participation
fee of up to 3% of the high bid
will be paid
to a licensed real
estate agent who pre-registers
their buyer with Triangle J
Auction Company, LLC at least
24-hours prior to the auction,
attends the auction with the
buyer, and accompanies the
winning bidder through the
contract signing and closing
process.
A
Broker Participation
Form may be downloaded from our
website or call Triangle J
Auction Company at 757-556-1017
and we
will fax a form to you.
The Auctioneer is an agent for
the Seller. Under Title X,
United States Code, the
purchasers will need to sign a
Lead Based Paint Inspection
Waiver Form which applies to
houses built prior to 1978. If
you are not comfortable signing
a Lead Based Paint Inspection
Waiver form, please do not bid.
Announcements made the day of
sale take precedence over any
printed material or other oral
statements made. All information
contained herein is believed to
be correct, but is not
guaranteed. All purchasers must
independently investigate and
confirm any information or
assumption on which any bid is
based. In the event that the
closing does not occur for any
reason whatsoever, other than
solely due to the fault of the
Seller, Seller shall retain the
earnest money deposit
as a
measure of liquidated damages.
This provision shall in no way
affect the right of Seller and
Auctioneer to rely upon and to
exercise any other legal
remedies or recourse available
to them, including without
limitation seeking specific
performance or monetary damages,
in the event the closing
contemplated herein does not
occur due to default by
Purchaser. Purchaser further
agrees to pay all attorney fees,
court costs and other costs of
collection/
enforcement incurred
by Auctioneer and Seller due to
a default
by Purchaser. The
auction is subject to
cancellation, additions,
deletions, or postponement. The
real estate taxes will be
pro-rated to the date of
closing. For more information,
please contact Scott Jones at
757-556-1017 or by e-mail at trianglejsoldit@aol.com
VA
License # 689 |
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