Real Estate Auction: MUH Development Site

Gaffney, SC


Online Bidding – Starts:  Friday, October 20th at 9 AM; Ends: Wednesday, November 1st at 12 Noon

815 W Buford St, Gaffney, SC – Excellent 5.61± Acre MUH development site with 20 concrete buildings, 52 units total

ONLINE BIDDING ONLY
Begins: 10/20/17 at 9:00 AM EDT
Ends: 11/01/17 at 12:00 PM EDT

Real Estate Auction: MUH Development Site – Gaffney, SC

Online Bidding – Starts:  

Friday, October 20th at 9 AM; Ends: Wednesday, November 1st at 12 Noon

815 W Buford St, Gaffney, SC – Excellent 5.61± Acre multifamily development site with 20 concrete buildings, 52 units total, corner lot, buildings need major renovations or demolition for new construction, former section 8, great location walking distance to downtown Gaffney, less than 2 miles from I-85. Zoned RM, CMLS# 3314808.

Accepting Pre-Auction Offers. Broker Participation Offered. On-Site Bidding Center will be available Wednesday, November 1st at 10 AM.

T. Randolph Ligon, CAI – Call 803-366-3535 or visit www.TheLigonCompany.com

From Charlotte, NC: Take I-85 S to exit 95, take ramp right toward Gaffney, left onto Road 82, right onto SC-18, Bear right onto US-29, right onto W Buford St, destination on right

AUCTION TERMS & CONDITONS: REAL ESTATE

1. Property/Time/Place: This auction is for 815 W Buford St, Gaffney, SC, Cherokee County Tax Map #081-15-00-007.000, please review property description in full prior to bidding. The auction will be held online, Bidding starts: Friday, October 20th at 9 AM, and begins closing Wednesday, November 1st at 12 Noon. If you prefer to bid in person, a Bidding Center will be open On-Site at 815 W Buford St, Gaffney on Wednesday, November 1st at 10 AM.

2. Property Inspection & Disclaimer: It is the Purchaser’s sole responsibility to perform his own due diligence, including verification of all property information and public records. Information presented herein and in any advertisement or other promotional items, while gathered from sources believed to be reliable, are not warranted or guaranteed by Auctioneer T, Randolph Ligon, nor the seller. Personal inspection and verification of any and all items is the responsibility of the bidder. The property is offered “AS IS” and no warranty or guarantee of value, condition, suitability or fitness for a particular use or purpose is expressed or implied. By placing a bid, Bidder waives all rights to further inspections, including lead based paint inspections.

3. Property Disclosure: The property is selling subject to the rights-of-way and easements of record, if applicable. See the Property Information Package for further disclosures.

4. Bidder Registration: While there is no obligation to bid, you must register to bid, by showing proper credentials.

5. Buyer’s Premium: A ten percent (10%) Buyer’s Premium will be added to the final bid price and included in the total contract price. Buyer’s Premium does not imply an agency relationship between Auctioneer and Bidder/Buyer.

6. Reserves: This property is being sold subject to seller confirmation, meaning the seller has up to 7 days to accept or reject the high bid. This Property has a Reserve Price, meaning the seller has established an unpublished, minimum selling price. The starting bid is not the reserve price. In order to win the Auction a bidder must meet or exceed the reserve price and have the highest bid. If no bidders meet the reserve price then the seller is under no obligation to sell the property but may do so at their discretion. Auctioneer reserves the right to bid on behalf of the Seller, up to the reserve price. The reserve price is confidential and may not be disclosed.

7. Purchase Contract: Once the high bidder is determined, and the bidding is closed by the Auctioneer, the high bidder will be required to sign the Purchase Contract for the amount of the high bid plus the 10% Buyer’s Premium which totals the contract price. Other documents may also require signature. Seller will have 7 business days to accept or reject the contract.

8. Deposit: In addition to signing the contract, the high bidder will be required to pay, in US funds, a down payment of 10% of the final contract price. All down payments are non-refundable and will be held in the auctioneers trust account. Down payments will be credited toward the purchase price at closing. Acceptable forms of payment are cash or cashier’s check. Personal or company checks may be accepted, at the discretion of the auctioneer. A bank letter of guarantee may be required for personal or company checks. Online bidders who fail to return the deposit and signed contract within 48 hours of the conclusion of the auction will have a $2500.00 service fee charge to the credit card used at registration.

9. Contingencies: There are none. Bidder understands and agrees that the sale is not contingent upon financing, appraisals, further inspections, survey, third party approval, or the like. You are bidding to buy the property AS IS with NO CONTINGENCIES WHATSOEVER.

10. Closing: Closing will take place within 30 days. All closing costs will be paid by the Buyer, including title search, deed preparation, documentary stamps, recording fees, attorney fees, etc. Property taxes will be prorated to the day of closing.

11. Survey: The property is being sold subject to deed description and plats of record. Any required additional survey will be the responsibility of the Buyer.

12. Title Insurance, if desired, will be purchased by the Buyer.

13. Agency Disclosure: Auctioneer T, Randolph Ligon is acting exclusively as an agent for the Seller. The Auctioneer is not acting in any way as an agent for the Bidder/Buyer. Auctioneer is not a Dual Agent.

14. Equal Opportunity: All bidding is open to the public. The property is available to all qualified purchasers without regard to race, color, religion, familial status, national origin, or handicap/disability.

15. Miscellaneous: All decisions of the auctioneer are final as to methods of bidding, disputes among bidders, acceptable bidding increments and other matters that may arise before, during, or after the auction sale day announcements take precedence over any prior statements, printed material or advertising.

Bidders Acknowledgement: I have received a copy of these terms and conditions understand them and agree to abide by them. I have received a copy of the agency disclosure brochure and understand that the auctioneer is the agent of the seller, and only the seller. I agree to the terms and conditions stated herein. Should I become the high bidder, I will sign the Purchase Contract and other documents as may be required. This document will become part of the non-contingent contract of sale to purchase the property described herein.

BY REGISTERING FOR THIS AUCTION YOU HEREBY AGREE TO THE TERMS AND CONITIONS THEREIN

From Charlotte, NC: Take I-85 S to exit 95, take ramp right toward Gaffney, left onto Road 82, right onto SC-18, Bear right onto US-29, right onto W Buford St, destination on right

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The Ligon Company

http://www.theligoncompany.com/

727 Dilworth Ln #101 Rock Hill, SC 29732

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