North Carolina
REAL ESTATE AUCTION
ONLINE ONLY
REAL ESTATE AUCTION
ONLINE ONLY
COMMERCIAL BUILDING (# 2)
INCOME PRODUCING POTENTIAL
111 North Railroad Street, Enfield, NC
Halifax County
Halifax County
Register & Bid NOW ONLINE:
Bidding Ends:
Tuesday, November 23rd - 2:15 PM
111 North Railroad Street, Enfield, NC
Approximately 1,100 +/- sq. ft. Commercial Building
Zoned – Commercial Downtown
Central Heat (natural gas) & Central AC
Utilities: Water, Sewer, Electric served by Town of Enfield
Gas Service by Piedmont Natural Gas
Located in heart of downtown Enfield, just 3 doors down from RBC Centura Bank
Open House / Inspection:
Thursday, NOV. 18th – 3:00 pm until 5:00 pm
Directions to Property: Traveling north on US 301 Hwy in Enfield, turn Left on Whitaker Street at stop light (Hess Store & Hardees on right). Go 2 blocks on Whitaker Street, make 90 degree turn to left at railroad tracks, continue on Whitaker Street across railroad tracks to North Railroad Street. Property on right on North Railroad Street, 3 doors down from RBC Centura Bank.
Deed Reference: Book 1674, Page 587
Tax Parcel ID#: 0400113
House Auction Company, Inc.
PO Box 220, Marshallberg, NC 28553
252-729-1162
NCAL # 7889 & # 7435 NCRBL # C15659
www.HouseAuctionCompany.com
Terms & Conditions<br>
<br>
Purchase and Sale Contract: Each property is offered under the specific terms provided in the Sale Contract. The Sale Contract is available at www.HouseAuctionCompany.com for each specific property. Click on “FILES” button, located in the upper left on Auction Listing page for each property. <br>
<br>
Please read and review the contract thoroughly prior to bidding on any property. If you have not read and reviewed the Purchase and Sale Contract, then Do Not Bid.<br>
<br>
A credit card, Visa or MasterCard is required to register & bid.<br>
<br>
Auction End Times: All House Auction Company Online Only Real Estate Auctions are timed events. <br>
<br>
Extended Bidding: House Auction Company Online Only Real Estate Auctions also have an auto extend feature. Any bid placed within 10 minutes of the auction ending will automatically extend the auction (i.e. bidding period) for 10 minutes from the time the bid is placed.<br>
<br>
Example, if an auction that is scheduled to end at 2:00 p.m. receives a bid at 1:59 p.m., the close time of the auction automatically extends to 2:09 p.m. The auto-extend feature remains active until no further bids are received within the 10 minute time frame. <br>
<br>
<br>
Terms: At the close of the auction, the successful bidder will be emailed a sale contract to be executed and returned to House Auction Company, Inc. The successful bidder will deposit $2,000.00 with House Auction Company, Inc. in the form of cashier’s check, wire transfer, or guaranteed personal funds within 48 hours of the close of the auction. <br>
<br>
The entirety of the remaining balance is due at closing. Instructions for wire transfer and /or cashier’s check transmittal will be sent by e-mail to the successful bidder. Purchaser shall be responsible for all wire transfer fees. <br>
<br>
Contract Documents will be sent by e-mail to the successful bidder, who must execute and fax or email back to House Auction Company, Inc. within 48 hours of the end of the auction. <br>
<br>
Successful bidders not executing and returning their contract AND earnest money deposit within 48 hours of the conclusion of the auction will be considered in default, and will be charged a Bid Administration Fee of $1,500.00 on the credit card that was registered by the bidder <br>
<br>
We will also accept alternative bidding methods for qualified buyers, IF the buyer is not internet equipped AND the buyer makes appropriate arrangements with House Auction Company, Inc. NO LESS than 24 hours from the end of the auction.<br>
<br>
Bidder Verification: The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, House Auction Company, Inc. will reject the registration, and bidding activity will be terminated.<br>
<br>
A 10 % Buyer’s Premium will be added to the bid price to determine the final contract price.<br>
<br>
Buyer’s Premium Example: <br>
<br>
Bid Price: $100,000<br>
<br>
Plus 10% Buyer’s Premium: $10,000<br>
<br>
Total Contract Price: $110,000 <br>
<br>
Selling subject to Seller's confirmation.<br>
<br>
Special Note: The property is selling subject to easements, leases, restrictions, covenants, conditions, zoning and all other matters revealed by a current survey or an inspection of the property or contained in public records.<br>
<br>
Closings: Time being of the essence, this sale shall be closed on or before Tuesday, December 28, 2010. This sale will be closed by Mr. H. Lawrence Armstrong, Jr. of Armstrong Law, PLLC at 119 Whitfield Street, Enfield, NC 27823, telephone 252-445-5656. Mr. Armstrong will charge the purchaser a closing fee of $400.00 per closing. This fee includes conducting a cash closing, collecting and disbursing the funds, preparing a closing statement and recording the deed. This fee does not include the recording fee charged by the Register of Deeds. If the purchaser wants a title opinion, title insurance, processing of any loan package, or other services, Mr. Armstrong will provide them for a reasonable additional fee. The seller will pay for the General Warranty Deed and State of North Carolina documentary stamps. The purchaser will pay all other closing costs associated with this sale.<br>
<br>
Ad Valorem taxes will be prorated between Seller and Buyer as of the date of closing. <br>
<br>
<br>
Open House / Inspection:<br>
<br>
Monday, November 8th – from 3:00 PM until 5:00 PM<br>
<br>
Thursday, November 18th – from 3:00 PM until 5:00 PM<br>
<br>
<br>
Agency Disclosure: In all transactions, the auctioneer is acting as agent for the seller, not as buyer’s agent.<br>
<br>
Disclaimer: All information contained herein is believed to be correct to the best of the auctioneer’s knowledge and is deemed to be from reliable sources. The information is being furnished to bidders for the bidder’s convenience and it is the responsibility of the bidder to determine that information contained herein is accurate and complete. Any reliance on the contents shall be solely at the recipient’s risk. Each bidder must conduct and rely solely upon their own investigation and inspection. The property is being sold “AS IS” with any and all faults. Please review all information supplied and seek appropriate assistance prior to bidding. <br>
<br>
NCAL # 7889 & # 7435
<br>
Purchase and Sale Contract: Each property is offered under the specific terms provided in the Sale Contract. The Sale Contract is available at www.HouseAuctionCompany.com for each specific property. Click on “FILES” button, located in the upper left on Auction Listing page for each property. <br>
<br>
Please read and review the contract thoroughly prior to bidding on any property. If you have not read and reviewed the Purchase and Sale Contract, then Do Not Bid.<br>
<br>
A credit card, Visa or MasterCard is required to register & bid.<br>
<br>
Auction End Times: All House Auction Company Online Only Real Estate Auctions are timed events. <br>
<br>
Extended Bidding: House Auction Company Online Only Real Estate Auctions also have an auto extend feature. Any bid placed within 10 minutes of the auction ending will automatically extend the auction (i.e. bidding period) for 10 minutes from the time the bid is placed.<br>
<br>
Example, if an auction that is scheduled to end at 2:00 p.m. receives a bid at 1:59 p.m., the close time of the auction automatically extends to 2:09 p.m. The auto-extend feature remains active until no further bids are received within the 10 minute time frame. <br>
<br>
<br>
Terms: At the close of the auction, the successful bidder will be emailed a sale contract to be executed and returned to House Auction Company, Inc. The successful bidder will deposit $2,000.00 with House Auction Company, Inc. in the form of cashier’s check, wire transfer, or guaranteed personal funds within 48 hours of the close of the auction. <br>
<br>
The entirety of the remaining balance is due at closing. Instructions for wire transfer and /or cashier’s check transmittal will be sent by e-mail to the successful bidder. Purchaser shall be responsible for all wire transfer fees. <br>
<br>
Contract Documents will be sent by e-mail to the successful bidder, who must execute and fax or email back to House Auction Company, Inc. within 48 hours of the end of the auction. <br>
<br>
Successful bidders not executing and returning their contract AND earnest money deposit within 48 hours of the conclusion of the auction will be considered in default, and will be charged a Bid Administration Fee of $1,500.00 on the credit card that was registered by the bidder <br>
<br>
We will also accept alternative bidding methods for qualified buyers, IF the buyer is not internet equipped AND the buyer makes appropriate arrangements with House Auction Company, Inc. NO LESS than 24 hours from the end of the auction.<br>
<br>
Bidder Verification: The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, House Auction Company, Inc. will reject the registration, and bidding activity will be terminated.<br>
<br>
A 10 % Buyer’s Premium will be added to the bid price to determine the final contract price.<br>
<br>
Buyer’s Premium Example: <br>
<br>
Bid Price: $100,000<br>
<br>
Plus 10% Buyer’s Premium: $10,000<br>
<br>
Total Contract Price: $110,000 <br>
<br>
Selling subject to Seller's confirmation.<br>
<br>
Special Note: The property is selling subject to easements, leases, restrictions, covenants, conditions, zoning and all other matters revealed by a current survey or an inspection of the property or contained in public records.<br>
<br>
Closings: Time being of the essence, this sale shall be closed on or before Tuesday, December 28, 2010. This sale will be closed by Mr. H. Lawrence Armstrong, Jr. of Armstrong Law, PLLC at 119 Whitfield Street, Enfield, NC 27823, telephone 252-445-5656. Mr. Armstrong will charge the purchaser a closing fee of $400.00 per closing. This fee includes conducting a cash closing, collecting and disbursing the funds, preparing a closing statement and recording the deed. This fee does not include the recording fee charged by the Register of Deeds. If the purchaser wants a title opinion, title insurance, processing of any loan package, or other services, Mr. Armstrong will provide them for a reasonable additional fee. The seller will pay for the General Warranty Deed and State of North Carolina documentary stamps. The purchaser will pay all other closing costs associated with this sale.<br>
<br>
Ad Valorem taxes will be prorated between Seller and Buyer as of the date of closing. <br>
<br>
<br>
Open House / Inspection:<br>
<br>
Monday, November 8th – from 3:00 PM until 5:00 PM<br>
<br>
Thursday, November 18th – from 3:00 PM until 5:00 PM<br>
<br>
<br>
Agency Disclosure: In all transactions, the auctioneer is acting as agent for the seller, not as buyer’s agent.<br>
<br>
Disclaimer: All information contained herein is believed to be correct to the best of the auctioneer’s knowledge and is deemed to be from reliable sources. The information is being furnished to bidders for the bidder’s convenience and it is the responsibility of the bidder to determine that information contained herein is accurate and complete. Any reliance on the contents shall be solely at the recipient’s risk. Each bidder must conduct and rely solely upon their own investigation and inspection. The property is being sold “AS IS” with any and all faults. Please review all information supplied and seek appropriate assistance prior to bidding. <br>
<br>
NCAL # 7889 & # 7435