BUYER’S PREMIUM: A 10% buyer’s premium will be added to the high bid. Example: High bid $100,000, a 10% buyer’s premium of $10,000 will be added to arrive at the total purchase price of $110,000.
TERMS FOR BIDDING REAL ESTATE: The successful bidder will pay an earnest money deposit equal to ten percent (10%) of the total purchase price. Personal and business checks will be accepted.
CLOSING COSTS: . Closing shall occur within thirty (30) days of the auction date. The 2019 real estate taxes will be prorated at Closing. The Seller shall pay the Georgia transfer tax and the cost of preparation of the warranty deed which shall be prepared by Seller’s attorney. Purchaser shall pay for any title exam fee, title insurance premium or attorney’s title opinion, loan closing costs, appraisal fees, recording charges and any and all other costs associated with closing this transaction.
CLOSING ATTORNEY: Tom Everett will close Properties 201 & 202. Jim Adams will close Properties 301, 302 & 304. Beau Donner will close Property 303.
TRANSFER OF TITLE: Property will be transferred by existing deed. If the buyer elects to survey any property, it will be at their expense. All property sold by the acre is sold with an adjustment clause to protect both buyer and seller.
SPECIAL NOTE: Property is selling “as-is, where-is” with all faults and is selling subject to (i) all matters of public record including, without limitation, easements, leases, deed restrictions, covenants, and conditions, (ii) zoning, and (iii) all other matters which would be revealed by a current survey or an inspection of the property. The only representation and warranties made are those contained in the auction real estate sales contract. Information contained herein was obtained from sources deemed reliable. The property will sell “as-is, where-is” with no warranty, express or implied, as to improvements, soil condition, environmental status or zoning. No personal property shall be conveyed with real estate unless denoted in contract. Although every precaution has been taken to ensure accuracy, neither the seller, Hudson & Marshall, Inc. nor their agents will be responsible for any errors or omissions herein. Bidders should carefully verify all information and make their own decisions as to the accuracy thereof before submitting their bid. The terms of the auction real estate sales contract are controlling in the event of any perceived inconsistency between the terms of the auction real estate sales contract and any statements in this brochure or other advertisement. Announcements made at auction will take precedence over written materials. Unless the property is marked absolute in the auction brochure, it sells subject to Seller Confirmation.
LICENSE INFORMATION: BG Hudson Jr. #103, AM Marshall IV #1605, RS Slocumb #3512, H&M #274
For More Information, Call Hudson & Marshall at 800-841-9400