ONLINE BIDDING INSTRUCTIONS: The H&M Online Auction begins Monday, November 8th, 2021, at 9:00 A.M. (EST) and closes Wednesday, November 10, 2021, at 2:00 P.M. (EST). The window for the auction will extend on individual properties for one (1) minute 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 regarding the online bidding process, please call Hudson & Marshall at 478-743-1511 for assistance.
AUCTION ENDING: The online bidding will begin to close at 2:00 P.M. (EST), subject to auto-extend bidding. Each time a bid is placed with the clock showing less than 1 minute, the clock will reset to 1 minute. If there are no bids within 1 minute, 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. Thursday, November 11, 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 Monday, November 15, 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.
BROKER PARTICIPATION: A 3% Broker Commission, before the inclusion of the buyer’s premium, will be paid to Brokers/Agents who represent a purchaser on any auction property. Registration forms can be obtained from our website www.hudsonmarshall.com or call 478-743-1511 to have a copy emailed or faxed. Registration forms are due by 5:00 P.M. the day PRIOR to the auction. UNDER NO CIRCUMSTANCES WILL BROKER REGISTRATION BE ALLOWED ON THE DAY OF THE AUCTION. Commissions will be paid if and only if the property closes. A commission on a property will be paid only to the first broker registering a prospect. A BROKER CANNOT ACT AS A PRINCIPAL AND BROKER ON THE SAME TRANSACTION.
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: Call Steve Slocumb at 478-957-4283 to schedule an appointment.
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: B.G. Hudson Jr. GA #103, Asa M Marshall IV #1605, Robert Stephens Slocumb Jr. #3512, Hudson & Marshall #274