ONLINE BIDDING INSTRUCTIONS: The H&M Online Auction begins Wednesday, July 8, 2020 at 9:00 A.M. (EST) and properties start closing Thursday, July 9th, 2020 at 3:00 P.M. (EST) This window will extend on individual properties for two (2) minutes as long is there is active bidding. Bidders who cannot be available at that time can set a maximum bid on their property of interest. The system will bid on your behalf as much as necessary to maintain your position as high bidder, up to your maximum bid amount. Bidders must have a MyH&M account to bid. Internet connection required.
For this auction you must register to bid and receive a MyH&M account. You will see the register to bid button listed on each auction item. If you need assistance with registration or have questions in regards to the online bidding process, please call Hudson & Marshall at 800-841-9400 for assistance. Or you can reach Tracy Marshall at 478-731-1323 or Kelly Choate at 478-737-3506.
* A 10% Buyer’s Premium will be added to the High Bid amount.
* Buyer must execute a cash contract
* Buyer must provide Articles of Incorporation or signing authority if purchasing in a company name (LLC, etc.).
* Properties are purchased AS-IS, WHERE IS
* Properties are sold with NO LIENS, NO BACK TAXES, and INSURABLE TITLE
* Purchaser pays for Title Insurance
* All contracts must close within 30 days
AUCTION ENDING: The online bidding will begin to close on Thursday, July 9 @ 3pm (Eastern Time). The Auction is scheduled to end at the published end time, subject to auto-extend bidding. Each time a bid is placed with the clock showing less than 2 minutes, the clock will reset to 2 minutes. If there are no bids within 2 minutes, the auction will end.
ALL TRACTS: At the conclusion of the bidding on the individual lots, bidders will have the opportunity to bid on the property as a whole. This auction will be made available for bidding approximately five (5) minutes after the conclusion of the individual lots and will last approximately fifteen (15) minutes. The bidding window will extend by two (2) minute increments so long as there is active bidding. The high bid of the five (5) lots will be totaled, and a 2% raise will be added to equal the opening bid amount. For example: if the total of the five (5) lots equals $50,000.00, the minimum opening bid amount will be $51,000.00. The seller maintains the right to accept offers on the property as a whole or on individual lots.
EARNEST MONEY: Bidders will be required to pay 10% of the total purchase price down as the earnest money binder.
TERMS OF SALE: Bidders will be notified no later than 5:00 P.M. Friday, July 10, 2020 if their bid is accepted. If the bid is accepted, the Purchase and Sale Agreement will be emailed for execution. Contracts must be signed and returned to Hudson & Marshall no later than Tuesday, July 14, 2020 by 5:00 p.m. and accompanied with the 10% earnest money binder. The earnest money can be in the form of a check or wire transfer. Hudson & Marshall will provide wiring instruction upon notification.
BUYERS PREMIUM: All real estate sold at this auction will be sold with a 10% buyer’s premium fee. (Example: If the purchaser bids $100,000, then we charge 10% ($10,000) for a final purchase price of $110,000.
CLOSING COSTS: The Seller shall pay its pro-rata share of the estimated 2020 real estate taxes as a credit to Purchaser at Closing. Purchaser shall be responsible for the 2020 taxes when due. Seller shall also pay the State of Georgia transfer tax and the cost of preparation of the 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.
SURVEY: The property will sell by the existing survey.
INSPECTION: All land parcels are available for inspection at anytime.
CLOSING: Full payment and Closing shall occur within thirty (30) days of Seller execution of the contract.
BUYER’S NOTE: Personal on-site inspection of the property is strongly recommended. THE PROPERTY WILL SELL “AS IS - WHERE IS” WITH NO WARRANTIES EXPRESSED OR IMPLIED. Information was gathered from reliable sources and is believed to be correct as of the date this brochure is published; however, this information set forth herein has not been independently verified by seller nor auctioneers. Its accuracy is not warranted in any way. There is no obligation on the part of seller or the auctioneer to update this information. All announcements made on wwww.hudsonmarshall.com take precedence over all other advertising. Seller has the right to establish a required minimum bid. There is no obligation on the part of the seller to accept any backup bids in the event the high bidder fails to perform. All bids are subject to Seller Confirmation.
AERIAL PHOTOS: The aerial photo in the brochure is for general location purposes only and not guaranteed for complete accuracy. Buyer to independently verify all information provided herein.
PURCHASE AND SALE AGREEMENT: For a copy of the P&S agreement visit www.hudsonmarshall.com or contact Hudson & Marshall at 478-743-1511 for an emailed copy.
AGENCY DISCLOSURE: Hudson & Marshall and all licensees employed by or associated with auctioneers, represent seller in the sale of this property.
TECHNICAL ISSUES: Neither the company providing the software nor the auction company shall be held responsible for a missed bid or the failure of the software to function properly for any reason. In the unfortunate event of a DDOS attack or server attack/shut down, the auction company reserves the right, but is not required, to change the bid closing deadline.
LICENSE INFORMATION: BG Hudson Jr. GA #103, AM Marshall IV #1605, RS Slocumb #3512, H&M #274;