Real Estate Auction - Charming 3-Bedroom Home on 1 Acre in King, NC

Real Estate Auction

3 Bedroom, 2 Bath Home with New Roof, Updated Kitchen, New Floors and Fresh Paint

 

Bid Onsite or Online

December 10 at 4:00pm

 

6950 NC Hwy 66 S, King, NC 27021

This charming 3-bedroom, 2-bath home is ready for you to call it your own! Set on a spacious 1-acre lot in the desirable community of King, NC, you’ll get the best of both worlds: a peaceful, relaxing setting while still being just minutes from Winston-Salem.

Key Features:
Updated Kitchen: Modern finishes and new cabinets make it perfect for cooking up your favorite meals or hosting friends.

New Roof: Peace of mind with a brand-new roof for long-term durability.

New Floors: Beautiful new flooring throughout the home adds warmth and style.

Fresh Paint: Newly painted interiors provide a clean, fresh atmosphere ready for you to make it your own.
 
Additional Highlights: 
Large 1-acre lot with plenty of outdoor space.

 

Convenient location just minutes from Winston-Salem, offering easy access to shopping, dining, and entertainment.

 

 
Don’t miss your chance to bid on this great opportunity in a highly sought-after area. Bid onsite or online December 10th at 4pm!
 
 
 
Preview the property:
December 4th, 4:00pm-6:00pm
 

 

 
Disclosures & Additional Information:
A 10% buyer’s premium will be added to the high bid to determine the purchase price.
 
A $7,500 deposit will be required by the high bidder on the day of the sale.
 
The sale of the property is subject to a reserve and sells AS-IS.
 
Bid onsite at the live auction or online with prior and pre-approved registration only.
 
If you are planning to bid online, you must register and submit proof of funds at least 24 hours in advance in order to be approved.


 


 

Contact:
Susan Rogers Holder, Auctioneer/Sale Manager
Samuel Holder, Realtor/Broker
(336) 789-2926 | (336) 755-6647
samuel@rogersrealty.com
NCAL #685

Real Estate  - Onsite and online
PLEASE DO NOT BID UNTIL YOU HAVE READ THESE TERMS AND CONDITIONS OF SALE.

Real Estate is subject to sale prior to the auction.


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.

EASEMENTS and RIGHT OF WAYS: The real estate is being sold subject to any and all easements or right of ways. Lease payments or rents, if any, will be pro-rated at closing.

ALLOTMENTS and MINERAL RIGHTS: Crop allotments, mineral rights, timber rights, water rights, if any, will transfer with the deed or title.

HOA, POA, and RESTRICTIVE COVENANTS:  The real property is being sold subject to restrictive covenants and homeowner's association rules, regulations and dues and county zoning, if any.

METHOD OF SALE:  The property will sell as a whole. The auction company has the sole discretion to determine the highest and winning bidders.

SURVEY:  The property will be sold subject to an existing survey, if any or the existing legal description.

PERK TEST: Perk test are the responsibility of the buyer and the contract is not contingent upon the soil having a satisfactory perk.

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

DEPOSIT REQUIRED AT AUCTION: Terms are for a $7,500 deposit required by the high bidder on-site following the auction in cash.

PURCHASE CONTRACT: Buyer will be required to execute a Real Property Auction Purchase and Sale Contract on site and submit their deposit.

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

AGENCY: Buyer will be asked to sign an agency disclosure form stating that buyer is aware that Rogers’ agents represent the seller. Rogers' agents represent the seller and the seller's interest in the transaction.

BROKER PARTICIPATION: 2% will be paid to the broker's real estate company at closing. Real estate agents must submit a broker registration form and accompany their client at the live auction to receive the broker compensation.

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.

PERSONAL PROPERTY: There is no personal property or merchandise being transferred with the real property of value. 

CLOSING: Closing is to take place not more than 45 days from the auction. TIME IS OF THE ESSENCE. All closing costs for the benefit of the buyer such as appraisals, surveys, loan applications, inspections, title searches, title insurance, etc. are the responsibility of the buyer. The seller is not paying for any of the buyers closing costs. The deed paid for by the sellers, the deed stamps paid by the sellers, and recording fees to be paid by the buyers. Real estate taxes are pro-rated at closing.

BUYER'S PREMIUM: A buyer's premium of 10% is added to the last and highest bid to determine the contract purchase price. For example, if the high bid is $100,000.00, a buyer's premium of $10,000.00 is added and the purchase price would be $110,000.00

POSSESSION: Possession will be given at closing, subject to existing leases, if any.

ABSOLUTE/RESERVE: This auction is a reserve auction 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.

ONLINE BIDDING & REGISTRATION: You must register in advance by clicking on Register to Bid and agreeing to terms for online bidding. You must be pre-approved before you receive a bidder number. Online bidders must submit a letter of credit reflecting their anticipated bid amount before being approved to bid, unless they have a verified history of successful online bidding with the auction company. The auction company may refuse to register anyone at its sole discretion.

TECHNICAL PROBLEMS: The auction company provides online bidding as a convenience for those that cannot attend the live auction. The auction company will not be liable for any faulty equipment, failure of equipment, faulty software, failure of software, lack of internet service connections or signals, or failure for any online bids that are not relayed on time to the auction company. The auction company reserves the right to extend bidding, delay bidding, continue with live bidding, or cancel bidding, without any notice to online bidders.

DEFAULT OR DELAY: If the buyer delays closing for any reason the buyer may be declared in breach of contract and will forfeit all deposits made. The buyer may be responsible for all cost to the seller or the auction company for subsequent resale.
The auction company reserves the right to reclaim and resale any assets not paid for by the online buyer. Should the resale price be lower than the defaulted buyer's price, Seller and/or Auction Company reserves the right to seek the difference from the initial online buyer. All fees for collection, court fees, or attorney fees will be the responsibility of the original buyer that caused the default. All sales are final. No refunds are given.

PURCHASE CONTRACT: Online bidders are required to submit an executed Real Property Auction Purchase and Sale Contract along with the deposit within 24 hours of the close of the auction.

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 # 187

This charming 3-bedroom, 2-bath home sits on a spacious 1-acre lot in the desirable King, NC community, blending peaceful living with easy access to Winston-Salem. Featuring an updated kitchen, new roof & flooring, and fresh paint. Don’t miss your chance to bid onsite or online December 10th at 4pm! Preview the property December 4th from 4pm-6pm.
  •   Dec 1 @ 8:00am EST (Start)
  •   Dec 10 @ 4:00pm EST (End)
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This form is for Auction or Real Estate Inquiries. Completion of this form will not register you for this auction.