TERMS AND CONDITIONS
SALE DATE & SALE SITE: The auction will be held Thursday, March 11th at 7:00 P.M. from the Onion Inn, 2507 E 1st St, Vidalia, GA.
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 on or before April 16, 2021. The seller shall pay its pro-rata share of the 2021 real estate taxes as a credit to Purchaser at Closing. Purchaser shall be responsible for the 2021 taxes when due. Seller shall also pay for the preparation of the deed. 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. Tom Everett, Attorney, in Vidalia will be handling the closing. Tom Everett, Attorney can be reached at 912-537-8875.
SURVEY: If the property sells as a whole, it will be transferred per the existing survey dated March 2020. If the property sells divided, a new survey will be required and will be an expense of the buyer and due at closing. Tanner & Associates will handle all survey work.
FARM LEASE: All crop land sells subject to the farmers current lease which expires December 31, 2021. The farmer owns all irrigation equipment on Lot 2 and reserves the right to remove the equipment prior to the expiration of the lease.
INSPECTION: Contact Sale Manager Greg Williamson to inspect the property. Tract signs and stakes show the property to be sold.
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 of 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 all liens and encumbrances. 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. Auctioneers reserve the right to offer the property in individual tracts, combinations, as a whole or whichever way is most advantageous to the seller.
LICENSE INFORMATION: BG Hudson Jr. #103, AM Marshall IV #1605, RS Slocumb #3512, H&M #274