Development Tract Deluxe in Johnston County, NC!

Johnson Properties Realtors & Auctioneers, Inc.

 

Date(s) 9/27/2020 - 10/28/2020

This is a LIVE & ONLINE SIMULCAST Auction. Pre-bidding is available now, auction will go LIVE on Wednesday, October 28th at 11:00 AM EST.

Past Auction
Bidding Notice:

This is a Live & Online Simulcast auction.Pre-bidding is available now; the LIVE auction will start at 11:00AM EST on Wednesday, October 28th, 2020. Bidding can take place online or at the live auction. The live event will be conducted at the property, which is located at 340 GorAn Farm Rd., Pine Level, NC 27576. Social distancing guidelines will be adhered to for all attendees on site. DO NOT ... Show More

Auction Notice:

The property will sell subject to seller confirmation as one parcel! Bidding confirms you have inspected the property, read the Terms and Conditions, and reviewed the sample contract and any other linked documents.

Auction Information
Name Development Tract Deluxe in Johnston County, NC!
Auctioneer
Type Live Webcast Auction
Date(s) 9/27/2020 - 10/28/2020
Auction Date/Time Info
This is a LIVE & ONLINE SIMULCAST Auction. Pre-bidding is available now, auction will go LIVE on Wednesday, October 28th at 11:00 AM EST.
Preview Date/Time Thursday, October 22nd from 11AM - 12 Noon Auction Day - 9AM - 11AM
Checkout Date/Time Contracts: Onsite bidders will complete immediately following the auction. Internet bidders: Contract will be emailed to you and is due back to Johnson Properties within 24 hours or receipt. Earnest Money: Due by close of business on Friday, October 30th.
Location
Buyer Premium Internet: 7% Onsite: 6%
Description
This is notice of a VERY IMPORTANT opportunity for developers, builders, and investors in North Carolina! Team JP has been called upon to offer 42.29 acres of prime development property in Johnston County at public auction! The property is on the corner of GorAn Farm Road and East Gordon Road in the Pine Level Community.
This is a LIVE & ONLINE SIMULCAST Auction. Pre-bidding is available now, auction will go LIVE on Wednesday, October 28that 11:00 AM EST. Please read all of the terms and conditions before bidding. By choosing to bid in this auction you are agreeing to all of the following terms and conditions and agreeing to honor them. 1. Broker is the agent of the Seller of the property offered for sale by auction and Broker and Seller have agreed that this event is to be conducted by including a buyer's premium of 7% upon the high bid price as determined by the Broker ("Buyer's Premium"). The actual contract sales price shall be the sum of the successful high bid plus the Buyer's Premium. (Ex: High Bid of $100,000 plus 7% Buyer's Premium of $7,000 = $107,000 contract sale price.) 2. In consideration for the Seller and Broker allowing Bidder to bid at the auction of the Property, Bidder hereby acknowledges and agrees that if Bidder is the successful high bidder for the Property, then Bidder will enter into a purchase and sale contract on the day of the auction, under the terms and conditions stated in the auction materials. 3. A ten percent (10%) earnest money deposit is required in the form of a certified check, cash or wire transfer. The earnest money deposit is due by Friday, October 30th by close of business, with the balance of the contract purchase price due at closing within 45 days. Purchaser shall be responsible for all wire transfer fees ($25). 4. All final payment of funds is due on or before 45 days post auction. 5. Johnson Properties Realtors & Auctioneers, Inc. makes no representations or warranties, expressed or implied, concerning the property. Descriptions of the property are believed to be correct, but are not guaranteed. It is the Buyer's responsibility to conduct any inspections prior to the auction. Johnson Properties Realtors & Auctioneers, Inc. has attempted to find or locate all information deemed material facts. Ultimately, it is the Buyer's responsibility to inspect all aspects of the property before placing a bid. No sale shall be invalidated by the Buyer as a result of he/she not conducting their own inspection prior to bidding. It is automatically acknowledged by placing a bid that you have personally inspected the property, hired an agent to inspect the property or waived your right to inspect the property. 6. All properties are offered "AS IS, WHERE IS" with no warranties either written or implied. Potential buyers are encouraged to research all property attributes (i.e. zoning, lot size, water and sewer availability and access, buildable or non-buildable, easements, encroachments, any governmental or private restrictions, restrictive covenants, etc.) to ensure that the property meets their intended use prior to bidding. The current appropriate county GIS information and aerial representations are provided as a courtesy, but are NOT GUARANTEED for accuracy. Please refer to the newly recorded survey maps for further accuracy. 7. REAL ESTATE BROKER/AGENTS: A 2% commission will be paid to any qualified broker who is duly licensed and whose properly registered client successfully buys and closes on the property. To qualify for a commission, the licensed broker/agent must first register the prospective bidder on the Johnson Properties Broker Participation Acknowledgement Form (provided by the auction company). Registration letters must be countersigned by the prospect and include the broker's and agent's license number, identification of the property, any agency disclosure statements, the letter and participation acknowledgement form. Commission is contingent upon, and will only be paid if the broker participation form is received by the Auction Company no later than 12:00 P.M. Monday, October 26, 2020. Johnson Properties will accept only one client per auction from any one Real Estate Broker/Agent. 8. Neither the seller nor Johnson Properties Realtors & Auctioneers, Inc. makes any representation of the condition or suitability of any property for any purpose. All properties are being sold "as is" in their present condition with all faults if any.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 100,000.00 500.00 USD
100,000.01 - 9,999,999.99 1,000.00 USD
Currency USD
Buyer Premium Internet: 7% Onsite: 6%
Payment Terms
Buyer Premium: 7% Internet Bidders, 6% Onsite Bidders Payment Terms: A ten percent (10%) earnest money deposit is required in the form of a certified check, cash or wire transfer. The earnest money deposit is due on Friday, October 30th by close of business, with the balance of the contract purchase price due at closing within 45 days. Purchaser shall be responsible for all wire transfer fees ($25). The property is being sold subject to seller confirmation.
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Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.