Multi-Property Auction - Online Only

Multi Property Auction

Various Farm and Acreage Tracts

Online Only

 

Upon becoming high bidder at end of online auction seller reserves right to let high bidder know if offer is accepted, rejected or countered by March 9 2020.

 

Property # 1

201 acres Haw River Frontage.

Gilliam Rd.   Rockingham Co. North Carolina

Level and Ideal for Development and Agricultural

Bidding Ends March 5     10:00 A.M.

Preview Feb. 22             10:00 A.M.

Property fronts on and is accessed from Gilliam Rd. with a graded road into the property. Now mostly in agricultural. Has river frontage on Haw River. Full of wildlife and also has small creek on property. Ideal for development. Tax ticket says zoning is RA with Land type AC AA and AC AW. Go to hyperlink https://viewer.hangar.com/360?productId=o04E7paY for 360 aerial view. Move from side to side for viewing. See aerial photos. Has deed restrictions. No trailers, mobile, modular.

Terms : 5,000 Earnest Money Deposit. Close in 45 days. Pre-approval letter for financing.

Directions: From Hwy 29 south take exit 149 (Reidsville/Burlington exit). Left on 87 South for 7/10 miles to stop sign. Right on 87 South 2.7 miles then straight on Gilliam Rd. for 9/10 mile to property access on right. Nearest address is 576 Gilliam Rd. Williamsburg Community.

 

 

Property # 2

12 acres

Cinnamon Rd.   Rockingham Co. North Carolina

Road frontage with timber. Good building tract

Bidding Ends March 5  11:00 A.M.

Preview Feb. 22   12:00

Terms: 1,000 Earnest Money Deposit. Close in 45 days. Pre-approval letter for financing.

Directions: From 220 South take exit for NC 770 west 9/10 mile to Cinnamon Rd. on right. Cinnamon Rd. is where Waste Management offices are.

 

 

Property # 3

53 acres  River Rd. Fieldale Va.

Pasture, large barn, well and timber

Bidding Ends March 5       12:00

Preview Feb. 22                    2:00

Joins Property # 4.

 

Terms: 5,000 Earnest Money Deposit. Close in 45 Days. Pre-approval letter for financing.

Directions: From 220 North take 2nd Fieldale Exit to right. Then right on River Rd. to property on right. Signs posted.

 

 

Property # 4

157 acres River Rd. Fieldale Va.

Fields, Timber, Hunting and Recreation

Bidding Ends March 13          12:00

Preview Feb. 22                    3:00

Joins Property #3

Terms: 5,000 Earnest Money Deposit. Close in 45 Days. Pre-approval letter for financing.

Directions: From 220 North take 2nd Fieldale Exit to right. Then right on River Rd. to property on right. Signs posted.

 

 

Property #5

43.96 acres  Fieldale Va.

Open land and good for development

Bidding Ends March 5     2:00

Preview Feb. 22               4:00

Additional description: 2 tracts that join. Tax map states 25.305 but survey shows 27.332 on tax parcel 39.3/366A. Property ID 103730007. Deed L0500/Page 05085. 16.637 ac. Deed L1800/00277

Terms: 1,000 Earnest money deposit. Close in 45 Days. Pre-approval letter for financing.

Directions: From 220 Bypass North take Fieldale exit towards Rangeley. Dillon's Fork Rd. towards Right on Great Rd. to right on Prillaman Drive

 

 

 

Property #6

House and 6.84 acres

106 Woody Circle Bassett Va.

Good for Investment or First Time Homeowner

Bidding Ends March 5       3:00

Preview Feb. 22                  5:00

Terms: 1,000 Earnest Money deposit. Close in 45 Days. Cash Preferred.

 

 

Property #7

Home on 1 acre

Investment property

2007 Ararat Hwy Ararat Va.

Bidding Ends March 6      10:00

Preview March 1                2:00

Terms: 1,000 Earnest Money Deposit. Close in 45 days. Cash

 

 

Property #8

House on 3.2 acres

358 Twin Ford Loop Stuart Va.

Bidding Ends March 13        12:00

Preview March 1                 3:30

Terms: 1,000 Earnest Money Deposit. Close in 45 Days. Pre-approval letter for financing.

Directions: From Stuart Va. follow Hwy 58 East to Twin Ford Loop on left. Follow to property on right. Signs posted

Legal : Deed book 344 page 568. JT Martin Sub Blk A Lot 1. Parcel 4911.10.023.

The home is in need of repairs and there are 6 Rooms downstairs and 6 rooms upstairs including the baths. Bedrooms not listed as heat is not to all rooms and also no closets. Tax ticket list as 5 bedrooms There is public water in front of home but doesn't appear to be hooked up. Home needs roof as some ceilings are falling

 

 

Property #9

40.9 acres

Via’s Orchard Rd.  Stuart Va.

Bidding Ends March 6       12:00

Preview March 1                 5:00

Joins Little Mill Creek.

 

(the actual access to the property is not where the auction sign is)

 

Terms: 1,000 Earnest Money Deposit. Close in 45 Days. Pre- approval letter for financing.

Directions: Follow US 58 east from Stuart Va. to Via’s Orchard Rd. on left at Hopkins Lumber. Follow to sign on right. 

 

 

Property #10

2.3 acres

Near Philpott Lake Va.

Off Union Bridge Rd.

Bidding Ends March 6       1:00

no preview

Terms: 1,000 Earnest Money Deposit. Close in 45 days. Cash

Directions: From Hwy 57 Fairystone Park Hwy turn left on Union Bridge Rd. and turn left on private drive just before Union Bridge. Road should be Woody Lane but 911 green sign may not be up.

Legal : Deed Book 133 Page 419. Old Plat 1 page 58. New survey will be recorded reflecting 2.328 acres. Instrument # 13000013

This is part of a development called Lora that was purchased in early 60's. Property has a new survey and joins Philpott Reservoir property. Road is not suitable for 2 wheel drive vehicles when wet. Ideal for camping site. Deed references leaving road available and open to all parties concerned and open water rights to springs on property. Patrick Co. Clerk of Court Deed Ref. 133 and Page 419. Property is a short distance of where Smith River enters Lake.

 

 

Upon becoming high bidder at end of online auction seller reserves right to let high bidder know if offer is accepted, rejected or countered by March 9 2020.

 

Keith Gunter, Auctioneer/Sale Manager

NCAL #685    VAAL #2

PLEASE DO NOT BID UNTIL YOU HAVE READ THESE TERMS AND CONDITIONS OF SALE. THE REAL ESTATE IS BEING OFFERED IN AN ONLINE ONLY AUCTION EVENT.

PLEASE NOTE: Each property has its own terms for deposit amount, and bidding on each property closes at different times.

Upon becoming high bidder at end of online auction seller reserves right to let high bidder know if offer is accepted, rejected or countered by March 9 2020

 

Real Estate is subject to prior sale.


GENERAL: The real property will be offered by online bidding only. The auction company will offer each property as a whole. 

AS IS: The property and all improvements, if any, will be sold on an AS-IS, WHERE IS, WITH ALL FAULTS, conditions, defects and flaws. Buyer will 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. 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. Crop allotments, mineral rights, timber rights, water rights, if any, will transfer with the deed or title. The real property is being sold subject to restrictive covenants and homeowner's association rules, regulations and dues and county zoning, if any. Real estate taxes are pro-rated at closing.

METHOD OF SALE:  The auction company will offer multiple lots. 

SURVEY: The property will be sold subject to an existing survey or 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:   

Property #1: UNDER CONTRACT

Property #2: $1,000 Earnest Money Deposit, close in 45 days, pre-approval letter for financing.

Property #3: $5,000 Earnest Money Deposit, close in 45 days, pre-approval letter for financing.

Property #4: $5,000 Earnest Money Deposit, close in 45 days, pre-approval letter for financing.

Property #5: $1,000 Earnest Money Deposit, close in 45 days, pre-approval letter for financing.

Property #6: $1,000 Earnest Money Deposit, close in 45 days, cash preferred.

Property #7: $1,000 Earnest Money Deposit, close in 45 days, cash.

Property #8: $1,000 Earnest Money Deposit, close in 45 days, pre-approval letter for financing.

Property #9: $1,000 Earnest Money Deposit, close in 45 days, pre-approval letter for financing.

Property #10: $1,000 Earnest Money Deposit, close in 45 days, cash

 

PURCHASE CONTRACT: Buyer will be required to execute a Real Property Auction Purchase and Sale Contract 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 represents the seller. Rogers' agents represent the seller and the seller's interest in the transaction.

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 in not more than 45 days from the date of 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.

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.

ABSOLUTE/RESERVE: This auction is conducted subject to a reserve established by the seller.

DISPUTED BIDS: In case of a dispute over who is the high bidder, the auctioneer has the sole discretion to determine the high bidder.

INCREMENTS: The auctioneer has the sole discretion to determine the auction bidding increments.  

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.

BID RIGGING: Bid rigging is when two or more parties work together to chill bidding or to refuse to bid against one or more parties to get a lower price. Bid rigging is a FELONY.

ONLINE BIDDING: You must register in advance by clicking on Register to Bid and agreeing to terms for online bidding. Should you become the high bidder you may submit a deposit by cash, cashier's check or wire transfer, within 24 hours of the close of the auction.  You must be pre-approved by the auction firm before you receive a bidder number. 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.

AUCTION END TIMES: The online bidding is a timed event. Each property will end at separate times. Auction Company reserves the right to extend the auction in 1 minute segments for any and all bids received in the last 1 minute of the auction.

PURCHASE CONTRACT: Online bidders are required to submit an executed Real Property Auction Purchase and Sale Contract along with the deposit within 12 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 their 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

Various Farm and Acreage Tracts - Each Property has a different ending time
  •   Feb 17 @ 8:00AM EST (Start)
  •   Mar 13 @ 12:00PM EDT (End)
  •   Add to Calendar

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