Property Sells Via ONLINE BIDDING ONLY
ONLINE BIDDING INSTRUCTIONS: To begin the bidding process visit www.hudsonmarshall.com. The H&M Online Auction begins Wednesday, October 14, 2020 at 9:00 A.M. and properties starts closing on Thursday, October 15, 2020 at 3:00 P.M.. 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.
- 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 with NO INSPECTION PERIOD.
- Properties are sold with NO LIENS, NO BACK TAXES, and INSURABLE TITLE
- Purchaser pays for Title Insurance
- All contracts must close within 30 days
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, October 16, 2020 if their bid is accepted or not accepted. The Purchase and Sale Agreement will be emailed for execution. Contracts must be signed and returned to Hudson & Marshall no later than Tuesday, October 20, 2020 by 5:00 p.m. and accompanied with the 10% earnest money binder. The earnest money can be in the form of a Certified 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 deed and/or survey.
INSPECTION: The land is 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 are 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.
Auction: BG Hudson Jr. #103, AM Marshall IV #1605, RS Slocumb #3512, W. Marshall #4018, H&M #274
Real Estate: BG Hudson Jr. #262835, AM Marshall IV #153460, RS Slocumb #136176, W. Marshall #351016, H&M #1779