ONLINE BIDDING INSTRUCTIONS: The H&M Online Auction for the lots begins Tuesday, September 14th 2021 at 9:00 A.M. (EST) and properties start closing Wednesday, September 15th, 2021 at the stated times. The auction for the 338 acres begins Tuesday, September 14th 2021 at 9:00 A.M. (EST) and closes Thursday, September 16th, 2021 at 2:00 P.M. (EST). The window for both auctions will extend on individual properties for two (2) minutes as long as 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. 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.
PROPERTY COMBINATIONS: At the conclusion of the bidding on select individual properties, bidders will have the opportunity to bid on combinations of contiguous lots. This auction will be made available for bidding approximately five (5) minutes after the conclusion of the individual lots. The bidding window will extend by two (2) minute increments so long as there is active bidding. The high bid of the lots will be totaled, and a 2% raise will be added to equal the opening bid amount. For example: if the total of lots A & B equals $100,000, the minimum opening bid amount will be $102,000. The seller maintains the right to accept offers on the property as a whole or on individual lots.
AUCTION ENDING: The online bidding will begin to close at the published end times, 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.
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, September 17, 2021 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, September 21, 2021 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 2021 real estate taxes and the cost of 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. Properties are sold with NO LIENS, NO BACK TAXES, and INSURABLE TITLE
SURVEY: All properties sell by existing survey.
INSPECTION: All 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 photos in the brochure are 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