Online Only Auction
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Date(s)
11/5/2023 - 12/8/2023
Bidding Notice:

10% Buyer’s Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $2,500 required on day of sale. Close on or before January 8th, 2024. Subject to seller confirmation. Property sold as is, where is with any and all faults. Buyer is expected to complete their own due diligence before placing a bid. Auction starts ending at 3 PM on December 8th, 2023. Please ... Show More


Information
Lot # 1
Group - Category Real Estate - Residential
Lead Lot with Lake Access for Sale in Union Hall VA
Description
Are you ready to live the lake life? Don’t miss your chance with this +/- 1 are lot in the Kennedy Shores Subdivision off Smith Mountain Lake! The property offers lake views, privacy, and seclusion. A common area, boat ramp, dock, and lake access also come with this property! Lot would be ideal for your dream lake home. Online Auction Ends Friday, December 8th at 3 PM Lot 82 Kennedy Place, Union Hall, VA 24176 ONLINE BIDDING: Online bidding is now active and runs through 3 PM on December 8th, 2023. SOFT CLOSE. DIRECTIONS: From Route 40 E to Union Hall: take a Left onto Kemp Ford Road, to a right onto Dillards Hill Road, to a right onto Cedar Farm Lane, to an immediate right onto Congregational Way, to a left onto Kennedy Place. See sign. CONTACT: Auctioneer Matt Gallimore at 540-239-2585 or email Gallimore.Matt@gmail.com. BIDDER PACK: Download Bidder Pack for complete information on each offering. The Bidder Pack has maps, complete terms and conditions, sample contracts, tax cards, and restrictions. Some of the plats in Bidder Pack may have notations and boundaries created by Auctioneer for illustration purposes, however unchanged surveys are in Bidder Pack as well. SOFT CLOSE: If a bid is received within the last 2 minutes of the auction, the auction close time will automatically extend 2 minutes to allow other bidders an opportunity to competitively bid prior to the auction closing. This feature eliminates “snipers” and encourages fair and impartial bidding from all participants. BUYER’S PREMIUM – TEN PERCENT (10%): Buyer’s Premium shall be added to the final online bid, which will determine the Total Contract Sales Price. Bidders hereby acknowledge and understand that the Buyer’s Premium will be added to the winning bid to create the Total Contract Sales Price for which they are obligated to pay for the property. Example: (winning online bid $100,000 + 10% buyer’s premium = total purchase price of $110,000). Buyer’s Premium is not due until closing. PRE-AUCTION SALES: As an agent for the Seller, the Auctioneer must present any and all bona fide written offers to the Seller, which may be created outside of the online bidding platform. Therefore, all properties are subject to pre-auction sales. Pre-auction offers must meet all off the auction terms and conditions and must be submitted to the Auctioneer on the Auction Real Estate Sales Contract, along with the required earnest deposit. Properly submitted offers will be presented to the Seller in a timely manner. Seller may accept or reject such offer at their sole and absolute discretion. When a pre-auction offer is submitted, all properly registered online bidders will be notified that “an offer” has been submitted and on which specific property, however the amount of the offer shall remain confidential. All pre-auction offers must allow a minimum of 24 hours for seller’s acceptance. A Broker Fee of 2% (of the high bid) is offered to a cooperating VA State Licensed Real Estate Broker on any pre-auction offers that are properly completed and submitted on the appropriate forms provided by the auction company. TERMS AND CONDITIONS: 10% Buyer’s Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $2,500 required on day of sale. Close on or before January 8th, 2024. Subject to seller confirmation. Property sold as is, where is with any and all faults. Buyer is expected to complete their own due diligence before placing a bid. Auction starts ending at 3 PM on December 8th, 2023. Please note that during the last two minutes of bidding, if a new bid is placed, the clock is automatically extended an additional two minutes. Be sure to register to bid early to ensure you receive notifications regarding any changes to the Auction, Bidder Packet and/or Pre-Auction offers received. Download Bidder Information Pack for complete terms and conditions, purchase contract and maps at VAAuctionPro.com
Name Lot with Lake Access for Sale in Union Hall VA
Auctioneer
Type Online-Only Auction
Date(s) 11/5/2023 - 12/8/2023
Auction Date/Time Info
Ends Friday, December 8th at 3 PM
Preview Date/Time n/a
Checkout Date/Time Immediatley following close of auction, sign purchase contract and pay earnest money deposit
Location
Buyer Premium 10% Buyers Premium Charged
Description
Are you ready to live the lake life? Don’t miss your chance with this +/- 1 are lot in the Kennedy Shores Subdivision off Smith Mountain Lake! The property offers lake views, privacy, and seclusion. A common area, boat ramp, dock, and lake access also come with this property! Lot would be ideal for your dream lake home. Online Auction Ends Friday, December 8th at 3 PM Lot 82 Kennedy Place, Union Hall, VA 24176 ONLINE BIDDING: Online bidding is now active and runs through 3 PM on December 8th, 2023. SOFT CLOSE. DIRECTIONS: From Route 40 E to Union Hall: take a Left onto Kemp Ford Road, to a right onto Dillards Hill Road, to a right onto Cedar Farm Lane, to an immediate right onto Congregational Way, to a left onto Kennedy Place. See sign. CONTACT: Auctioneer Matt Gallimore at 540-239-2585 or email Gallimore.Matt@gmail.com. BIDDER PACK: Download Bidder Pack for complete information on each offering. The Bidder Pack has maps, complete terms and conditions, sample contracts, tax cards, and restrictions. Some of the plats in Bidder Pack may have notations and boundaries created by Auctioneer for illustration purposes, however unchanged surveys are in Bidder Pack as well. SOFT CLOSE: If a bid is received within the last 2 minutes of the auction, the auction close time will automatically extend 2 minutes to allow other bidders an opportunity to competitively bid prior to the auction closing. This feature eliminates “snipers” and encourages fair and impartial bidding from all participants. BUYER’S PREMIUM – TEN PERCENT (10%): Buyer’s Premium shall be added to the final online bid, which will determine the Total Contract Sales Price. Bidders hereby acknowledge and understand that the Buyer’s Premium will be added to the winning bid to create the Total Contract Sales Price for which they are obligated to pay for the property. Example: (winning online bid $100,000 + 10% buyer’s premium = total purchase price of $110,000). Buyer’s Premium is not due until closing. PRE-AUCTION SALES: As an agent for the Seller, the Auctioneer must present any and all bona fide written offers to the Seller, which may be created outside of the online bidding platform. Therefore, all properties are subject to pre-auction sales. Pre-auction offers must meet all off the auction terms and conditions and must be submitted to the Auctioneer on the Auction Real Estate Sales Contract, along with the required earnest deposit. Properly submitted offers will be presented to the Seller in a timely manner. Seller may accept or reject such offer at their sole and absolute discretion. When a pre-auction offer is submitted, all properly registered online bidders will be notified that “an offer” has been submitted and on which specific property, however the amount of the offer shall remain confidential. All pre-auction offers must allow a minimum of 24 hours for seller’s acceptance. A Broker Fee of 2% (of the high bid) is offered to a cooperating VA State Licensed Real Estate Broker on any pre-auction offers that are properly completed and submitted on the appropriate forms provided by the auction company. TERMS AND CONDITIONS: 10% Buyer’s Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $2,500 required on day of sale. Close on or before January 8th, 2024. Subject to seller confirmation. Property sold as is, where is with any and all faults. Buyer is expected to complete their own due diligence before placing a bid. Auction starts ending at 3 PM on December 8th, 2023. Please note that during the last two minutes of bidding, if a new bid is placed, the clock is automatically extended an additional two minutes. Be sure to register to bid early to ensure you receive notifications regarding any changes to the Auction, Bidder Packet and/or Pre-Auction offers received. Download Bidder Information Pack for complete terms and conditions, purchase contract and maps at VAAuctionPro.com
10% Buyer’s Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $2,500 required on day of sale. Close on or before January 8th, 2024. Subject to seller confirmation. Property sold as is, where is with any and all faults. Buyer is expected to complete their own due diligence before placing a bid. Auction starts ending at 3 PM on December 8th, 2023. Please note that during the last two minutes of bidding, if a new bid is placed, the clock is automatically extended an additional two minutes. Be sure to register to bid early to ensure you receive notifications regarding any changes to the Auction, Bidder Packet and/or Pre-Auction offers received. Download Bidder Information Pack for complete terms and conditions, purchase contract and maps at VAAuctionPro.com
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 1,000.00 USD
Currency USD
Buyer Premium 10% Buyers Premium Charged
Payment Terms
$2,500 Earnest Money Deposit due on day of sale. Closing in 30 Days.
n/a
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.