LIVE AUCTION - Wednesday, June 26th @ 1:00 - 2 Properties in Lexington, North Carolina

* Income producing!  4,560 SF Office Building   *  3 bedroom/2bath HOME with 1,808 SF on a corner lot                                                                                                                                        BOTH PROPERTIES SELL FROM  113 WEST CENTER STREET, LEXINGTON    

113 West Center St, Lexington, NC 27292

400 Guilford St., Lexington, NC 27292

SALE SITE: See individual listings for sale date, time and location.  
TERMS OF SALE: All bidders must register with a $2,500 cashier’s check or money order made payable to themselves (or $2,500 in cash) for each property on which the bidder intends to bid.  If the bidder is the successful high bidder on a property, the bidder will be required to immediately tender as Earnest Money an amount equal to the greater of $2,500 or 10% of that high bid amount.  If the amount of the Earnest Money deposit is more than the $2,500 cashier’s check or money order (or cash) provided by the bidder at registration, bidder’s personal or business check will be required to make up the difference between the $2,500 cashier’s check or money order (or cash) and the amount of the Earnest Money.  All sales made at the auction event(s) covered by these Terms & Conditions are cash sales and are not contingent on the bidder’s ability to obtain financing.  The Earnest Money is not considered an “Option” payment.  The bidder is agreeing to close on the property in the event that he or she is the successful bidder on the property. 
BUYERS PREMIUM: All real estate sold at this auction will be sold with a 10% buyer’s premium fee or $2,500, whichever is greater. The bid amount plus the buyer’s premium or the required minimum equals the final purchase price. For example: A $100,000.00 bid plus the $10,000.00 buyer’s premium fee equals the final purchase price of $110,000.00.
CLOSE BY DATES: All properties must close within 30 days of Seller’s acceptance.
CLOSING COSTS: Buyer shall pay all escrow, settlement, closing and similar fees, all cost of recording, all documentary stamp, transfer and similar taxes, the title insurance premium for any title insurance policy and endorsements requested or required by Buyer, and the costs of any survey or survey update obtained by Buyer, as well as the cost of obtaining the Title Commitment.  Attorneys’ fees, consulting fees, and other due diligence expenses shall be borne by the party incurring such expense.  
INSPECTION:  All vacant land tracts are available for inspection at anytime.  Improved properties can be inspected by making an appointment with the listing Broker.
BROKER PARTICIPATION:  A 2% Broker Commission, before the inclusion of the buyer’s premium, will be paid to Brokers/Agents who represent a purchaser on any auction property.  Registration forms can be obtained from our website www.hudsonmarshall.com or call 478-743-1511 to have a copy emailed or faxed. Registration forms are due by 5:00 P.M. the day PRIOR to the auction.  UNDER NO CIRCUMSTANCES WILL BROKER REGISTRATION BE ALLOWED ON THE DAY OF THE AUCTION.  Commissions will be paid if and only if property closes.  A commission on a property will be paid only to the first broker registering a prospect.  A BROKER CANNOT ACT AS A PRINCIPAL AND BROKER ON THE SAME TRANSACTION.
TRANSFER OF TITLE: Seller will convey title via Special Warranty Deed.
BUYERS NOTE: Information contained herein was taken from sources deemed reliable and is believed to be correct. Although every precaution has been taken to insure the accuracy of the information herein, Hudson & Marshall, Inc., Seller, Sale Managers and all their agents will not be responsible for any errors or omissions. It is the Purchasers responsibility to conduct their own due diligence and make their own decisions as to the accuracy of all information. All property sells in its “As-Is/Where-Is” condition with no warranties expressed or implied other than marketable title free and clear of liens and encumbrances, other than standard title exceptions.. Auctioneers are acting as agents for the Seller not the Buyer. Announcements made at the auction take precedence over all written matter. Buyers should carefully verify all items and bid accordingly. Unless the property is marked absolute in the auction brochure, it sells subject to Seller Confirmation. All high bids are considered individual offerings and are not contingent upon the Seller’s acceptance of other bids. If you purchase more than one property, you are required to close on any and all properties that the Seller accepts.  The Seller has the right to add or remove any properties from the auction at any time.
LICENSE INFORMATION:  GA Auction: B.G. Hudson, Jr. #AU-000103, H&M#AU-C000274, AM Marshall IV#1605, RS Slocumb#3512, Real Estate: B.G. Hudson, Jr. #262835, H-1779, NC Auction: B.G. Hudson, Jr. #642, H&M#643, Real Estate: B.G. Hudson, Jr. #145259, H&M#C1511 AL: BG Hudson Jr. Auction #189, RE#93285, RS Slocumb #5216, H&M Auction #C44, RE#93284