Auction is online only and will close Thursday, March 8th, 2018 at 9pm. Projected closing date will be April 6th, 2018. Lot will be sold as is and all due diligence by bidder must be completed prior to day of auction. A 20% deposit of winning bid is due once sold. A 10% buyers premium will be added to the winning bid amount. There is no current mortgage lien against this property. Please read further down for additional details on charges and fees for POA and other issues. This is not a foreclosure or short sale auction.
Starting bid is $5,000.00 with no reserve. Lot will be sold to highest bidder. Bidders agree to all terms and conditions of sale as signified through their registration to bid. Winning bidder will have by Friday, March 9th, 2018 to have 20% of bid amount wired to auction firm trust account. Remaining balance including prorated fees, dues, etc. will be paid at closing within 30 days of auction end. Closing of transaction will not be contingent upon buyer's ability to finance property and all due diligence must be completed prior to auction completion. Failure to close may result in forfeiture of escrow. Buyer is encouraged to employ to assistance of a real estate broker and will be responsible for all closing costs associated with the purchase of said property, Auction firm will share commission with participating brokers.
This real estate auction will be conducted in accordance with all rule and regulations as set forth by the State of North Carolina Real Estate Commission and Auctioneer's Commission. All bidders must familiarize themselves with rules for buying real estate at auction for this particular location.
As a matter of full disclosure, this property is Broker owned, has been owned less than one year, and is located inside of a gated community managed by Property Owners Association. Dues are paid quarterly of $500 ($2040 per year) with an additional $95 per month for clubhouse dues. County taxes are $216 per year. POA is currently in litigation with resolution date unknown. Please contact POA main office for details on how this may affect future rights of homeowners.
Auction to be held by Southern Trust Estate and Auction Co. 1050 7th Ave. E. Hendersonville, NC 28792. Rob Hays, Auctioneer. 828-654-8940.
NCAFL#9733 NCAL#9717 SCAL#4622