Sealed Bid Auction - 3 Houses in Surry County, NC

Real Estate - Sealed Bid
PLEASE DO NOT BID UNTIL YOU HAVE READ THESE TERMS AND CONDITIONS OF SALE.

HOUSES MUST BE MOVED! SEALED BIDS ONLY!

NO ONLINE BIDDING!  TO BID ON EACH HOUSE YOU MUST FILL OUT THE SEALED BID FORM ATTACHED VIA DOCUMENTS AND RETURN IT ON OR BEFORE OCTOBER 16, 2023 BY NOON TO ROGERS REALTY & AUCTION COMPANY INC: 1310 EMS DRIVE, MT. AIRY, NC 27030.

THE HOMES MUST BE MOVED WITHIN 90 DAYS OF CLOSING. THE BIDS WILL BE OPENED OCTOBER 17, 2023 AT 4:00PM AT SURRY COUNTY HISTORIC COURTHOUSE 114 WEST ATKINS STREET, DOBSON, NC 27017 IN COMMISSIONERS CONFERENCE ROOM.

THIS IS NOT AN ABSOLUTE SALE! SURRY COUNTY HAS THE RIGHT TO ACCEPT OR REJECT THE HIGH BID. HIGH BIDDER WILL BE CONTACTED AFTER BID OPENING. HIGH BIDDER WILL SIGN A CONTRACT AND PUT DEPOSIT OF 10% DOWN NO LATER THAN OCTOBER 18, 2023. CLOSING MUST OCCUR ON OR BEFORE NOVEMBER 17, 2023. 

YOU ARE ONLY BUYING THE HOUSE NOT THE LOT!!! AGAIN YOU MUST REMOVE HOUSE WITHIN 90 DAYS OF CLOSING.

SURRY COUNTY OR ROGERS REALTY & AUCTION COMPANY WILL NOT BE RESPONSIBLE FOR ASSISTING BUYER IN MOVING THE HOMES.  ALL RISKS AND COSTS SHALL BE BORNE BY THE BUYER!

AS IS: The real property will be offered at public auction with live bidding onsite. All improvements, buildings, sheds, structures, etc., sell with the property. The property and all improvements, if any, will be sold on an AS-IS, WHERE IS, WITH ALL FAULTS, conditions, defects, or flaws. The buyer agrees to take the property in the condition existing. No representations or warranties, expressed or implied, concerning the property are made by neither the sellers nor the seller's agents. Descriptions of the improvements and property are believed to be correct but are not guaranteed. You are encouraged to conduct your inspections and due diligence prior to bidding and buying at the auction.

METHOD OF SALE: Each property will be offered individually by sealed bid. Homes are located at 340 Holly Avenue, Mt. Airy, NC 27030, 310 Holly Avenue, Mt. Airy, NC 27030 and 282 Holly Avenue, Mt. Airy, NC 27030. 

FINANCING: The sale is not subject to financing. Failure to close for ANY REASON WHATSOEVER will result in the forfeiture of the deposit. NO EXCEPTIONS.

DEPOSIT REQUIRED AT AUCTION: Terms are for a deposit of 5% of the purchase price due on or before October 18, 2023 to Rogers Realty & Auction. Example: Sealed Bid $40,000, buyer is paying $44,000 for house and will put a deposit down of $2,200.00. If buyer does not close, the buyer forfeits the 5% deposit. 

NO CONTINGENCIES: The purchase and sale contract is not subject to any buyer contingencies for financing, appraisal, surveys, inspection or any other contingencies.

ENVIRONMENTAL: There are not any environmental studies, phase 1, phase 2, or phase 3 studies for review. There are not any soil or water studies for review. Barn has underground tank, Home has underground tank, above ground tank and propane tank.

PERSONAL PROPERTY: Houses are considered personal property. Houses must be moved within 90 days of closing.

CLOSING: Closing is to take place on or before November 18th, 2023. 

BUYER'S PREMIUM: A 10% buyer’s premium will be added to the sealed bid amount. Example: Sealed Bid $40,000, buyer is paying $44,000 for house and will put a deposit down of $2,200.00. 

POSSESSION: Possession will be given at closing.

ABSOLUTE/RESERVE: This auction is conducted subject to seller confirmation.

BID RIGGING: Bid rigging is a felony. Any attempt by bidders to chill the bid, agree with other bidders not to bid to attempt to lower the price is bid rigging. Anyone suspected of bid rigging will be asked to leave the auction site.

DISPUTED BIDS AND INCREMENTS: In case of a dispute over who is the high bidder, the auctioneer has the sole discretion to determine the high bidder. The auctioneer has the sole discretion to determine the live auction bidding increments.

It is the duty of the bidder to present their bid to the auctioneer and not that of auction support staff, auction ringmen, auction bid assistants, or the auctioneer.

QUALIFIED BIDDERS:
Auctioneer reserves the right to refuse to register any prospective bidder for any reason, or to require a cash deposit from a prospective bidder of an amount designated by Auctioneer and paid in advance by the prospective bidder to Auctioneer. Such deposit will be applied to any purchases made at the auction by the prospective bidder. At the end of the auction, Auctioneer will refund any portion of this deposit that has not been applied to purchases. Furthermore, Auctioneer will require the removal of any person from the auction site for any reason including, but not limited to: (1) tampering with auction lots; (2) any illegal conduct including collusive bidding or stealing; (3) disruptive behavior; (4) failure to abide by these terms; and (5) intoxication. Bidder agrees to leave the auction site immediately and quietly upon request by Auctioneer. Any act of theft, vandalism or disruption will be prosecuted to the fullest extent of the laws.

DEFAULT BY HIGH BIDDER/BUYER: In the event of a default by the bidder/buyer the seller may resale the property to another bidder/buyer and in the event the property sells for less money than the original price the seller may seek the difference from the original bidder/buyer. The seller may have other rights to pursue damages or costs from the defaulted bidder/buyer as allowed by law.

DISPUTES: Any disputes that arise between the auction company, the seller, the seller's agents and the buyer will be dealt with by arbitration in Surry County, North Carolina.

DISCLAIMER: The auction company provides data, advertising, maps, that is believed to be correct but it is not guaranteed. Bidder's should rely on their own inspections and due diligence prior to bidding. Everything sells strictly AS IS. The auction company makes every effort to describe assets to the best of its ability but there are no guarantees as to the condition, quantity, condition, age, color, or value of the merchandise or real property sold online. Buyer agrees that buyer may not cancel purchase for any reason.

The bidder agrees to all terms and conditions of the auction and should read the detailed terms.

LICENSES: NC Firm #685, VA Firm #2, SC Firm # 1874