Amazing opportunity to BID & BUY this Residential/Commercial property featuring a 4BR/3BA brick ranch home with 2580 sf +/- on over 2.8 acres in Spartanburg, SC one of US News Top 20 Places to Live in 2022! This versatile property features 3 large shops and two detached carports as well. Roof is less than 2 years old. This is the perfect place to live and work. Minutes from downtown Spartanburg and all that Upstate South Carolina has to offer.
Did we mention that all contents will convey with the property if the buyer chooses? Incredible opportunity for resale...or an auction of your own! Great inventory of tools, fishing rods/reels, power tools, boating equipment, boats, generators, AND MORE!!
This property is listed on the MLS (Spartanburg MLS # 290369) and is subject to prior sale so hurry to come check it out.
NEW AUCTION DATE IS OCTOBER 14, 2022 at 5:30 PM!
Contact John Slaughter at 864-497-0330 to schedule showing appointment outside of Open House/Inspection date of September 26, 2022 from 3-7 PM. Any showings outside of Open House/Inspection require 24 hours advanced notice by contacting John Slaughter at 864-497-0330, Robert Ortega at 864-315-9744, or Pablo Pena at 203-667-2007. Pre-auction offers are encouraged. $25,000 Non-Refundable Deposit must be submitted within 24 hours of accepted offer. All offers must be submitted using the “Contract to Purchase” document in attached documents. All offers must also include a signed copy of the “Terms of Sale & Bidder Registration” document. Contact John Slaughter at Bid Y’all Auction & Realty for information on how to submit a pre-auction offer.
YES, Pre-Auction Offers will be considered. No, you do not have to wait for the auction date to present an offer. Contact John Slaughter at 864-497-0330 with questions regarding this process and/or property. ***THIS IS AN AUCTION*** PRE-AUCTION OFFERS ARE ENCOURAGED! ***Listing price is for SEARCH PURPOSES ONLY.*** Real Estate Auction to be held on September 30, 2022 onsite at 6:00 PM.***Buyer's Premium: 10% Added to Final Bid Price (Example: $450,000 Bid + $45,000 [10% Buyers Premium] = $495,000 Total Contract Price)*** All closing costs are to be paid by buyer. No contingencies of any type. Property to sell AS-IS, WHERE-IS without warranty of any kind. This is a Reserve Auction.
Call John Slaughter at 864-497-0330 with any questions related to the property, how to submit an offer and/or auction process.
TERMS of SALE:
1. This Property is being offered at auction with a reserve and a 10% buyer's premium.
2. Bid Y'all Auction & Realty, LLC is agent for the seller only.
3. This Property sells "AS IS - WHERE IS" with all faults and without warranty of any kind, either expressed or implied, by seller or
Broker. It is understood that a general warranty deed is to be furnished by seller at closing.
4. Immediately following bidding, the high bidder must execute a Contract to Purchase with no contingencies of any kind. If the bid is
below the reserve amount, the Seller has up to twenty-four (24) hours to accept or reject the high bid. Upon execution of the
Contract to Purchase by both parties, the Buyer must deposit with the closing attorney, by the close of the next business day, an
earnest money escrow deposit ("earnest money") of $25,000 to be held in escrow and applied towards the purchase price. The
balance of the sales price must be paid within Forty Five days (45) days at closing. Time is of the essence. Seller reserves the right in
his sole discretion to extend the closing date an additional 30 days if needed. In the event that Buyer fails to comply with the
Contract to Purchase, the earnest money will be forfeited, but such forfeiture shall not affect other legal remedies available to
seller.
5. Buyer agrees to pay ALL closing costs, including but not limited to, attorneys fees, deed stamps and preparation, documentary
stamps, survey, and termite inspection. Taxes, utilities, rents and other assessments, shall be prorated between the Buyer and
Seller to the date of closing. Possession will be at closing.
6. All information announced, published or contained herein or in any brochure or advertisement was derived from public records
and sources believed to be correct: however, it is not guaranteed by the Seller or Broker and is subject to inspection and verification by
all parties before bidding. All square footage, dimensions, taxes, zoning, acreage, permitted uses, property lines, assessments and
other information about the Property being sold are approximate and not guaranteed. Personal on-site inspection is strongly
recommended. It is bidder's responsibility to determine the condition, genuineness, function, suitability for use, and value of the
Property before bidding. The failure of any bidder to inspect, or to be fully informed about the Property, will not constitute any
grounds for any claim or demand for adjustment or withdrawal of bid, offer or deposit money. Announcements made from the
auction block take precedence over all other verbal, printed, announced and/or distributed information. Neither seller nor Broker is
responsible for any errors or omissions made in the description of the Property prior to or at auction. This auction sale may be
modified, withdrawn or canceled without notice by Seller at any time and for any reason.
7. INTERNET, MOBILE APP, AND TELEPHONE BIDDERS ("OFFSITE BIDDERS"): Off site Bidders are subject to all published and
announced terms of sale. Off site Bidders may not be able to inspect the Property as well as if they examined it in person and are
strongly encouraged to do their own due diligence regarding the Property before bidding. Broker will not be responsible for any
errors or omissions in the description of the Property. Broker is providing Internet, mobile app, and/or telephone bidding as a
service to bidder. This service may or may not function correctly the day of the auction. Under no circumstances shall bidder have
any kind of claim against Broker or seller for any missed bids or if the Internet, mobile bidding application or phone service fails to
work correctly during the auction for any reason. Prior to placing bids online or through a mobile application, a person must
complete and be approved through the online registration process. If the high bidder is an Off site Bidder, the Contract to Purchase
(the "Contract") will be emailed and the high bidder must within 24 hours of receipt execute and email, fax, or overnight delivery to
Broker the signed Contract.
8. On properties built before 1978, potential purchasers, at their option, may have the Property inspected for lead based paint within
10 days prior to auction date.
9. Seller and Broker reserve the right to refuse admittance to or expel anyone from the auction for creating a disturbance, bidder
intimidation or bid collusion. Broker, Seller, and Auctioneer shall not be liable to any person for damages to their person or property
while in, on or about the Property, nor shall they be liable for hidden defects. All persons are on the Property at their own risk and
shall defend, indemnify, and save harmless Broker, Seller, and Auctioneer from any and all liability whatsoever.
10. Licensed South Carolina auctioneer(s) will conduct the auction. Conduct of the auction and increments of bidding are at the
discretion and direction of the auctioneer. The auctioneer, seller and Broker reserve the right to offer this Property for sale in any
manner they see fit. All decisions of the auctioneer shall be final concerning matters such as increments and manner of bidding,
disputes among bidders, groupings of tracts, priorities of bidders, the validity of any bid, the high bidder, and any other matters
that may arise during the sale. Auctioneer, Seller and Broker reserve the right to cancel the auction up until the time that the first
bids on the Property are taken and the auction begins. Seller, Broker and auctioneer (and their employees) reserve the right to
bid at the auction.
11. Bidding is open to the public to all registered bidders. The identity of all bidders must be verified before the auction, bidding rights
are provisional, and if complete verification is not possible, the registration will be rejected and bidding activity will be terminated.
Bidders must use their assigned bid numbers. No transfer will be recognized from one bidder to another. Bidding in the auction is a
binding contract. The high bidder whose bid is accepted by Seller must sign a Contract to Purchase and deposit the required
earnest money deposit within the time periods required above or he will be in default of said contract and will be responsible for all
resulting damages to Seller and Broker.