TERMS OF SALE: Successful bidders will pay an earnest money deposit equal to ten percent (10%) of the total purchase price with the balance due in 30 days at closing.
BUYERS PREMIUM: All real estate sold at this auction will be sold with a 10% buyer’s premium fee. The bid amount plus the buyer’s premium equals the final purchase price. For example: A $100,000.00 bid plus the $10,000.00 buyer’s premium fee equals the final purchase price of $110,000.00.
CLOSING COSTS: Closing must occur within thirty (30) days of the auction date. The 2020 real estate taxes will be prorated at Closing. The Seller shall pay the transfer tax and the cost of preparation of the warranty 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. Rob Cox will be the closing attorney for Property 201. Eric Ridenour with Ridenour and Goss will be the closing attorney for Properties 301 - 304.
INSPECTION: The properties are available for inspection at anytime.
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, or as a whole whichever way is most advantageous to the seller.
NC License: B.G.Hudson Jr BRK 145259, Auct 642, H&M C1511, Auct 643