Investor property! Large 3155 sq. ft. home on South Blanding Street, in need of repairs!
Please note:
This property will require extensive repair and renovation, and will have to be brought into compliance with the property maintenance regulations of The City of Sumter. The new owner must bring the property into compliance. The City has indicated a willingness to work with the new owner on a timeline to alleviate the issues.
AUCTION TERMS & CONDITONS<br>
<br>
1. Property/Time/Place: This auction is for property at 22 South Blanding Street, Sumter, SC 29150 and identified as TMS # 2281404016. Bidding will take place via the internet, with bidding scheduled to close on July 17, 2012. Bidding will close at 2:00 PM Eastern time, subject to having bidding extended, should bids be received in the final few minutes.<br>
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 J. Rafe Dixon, 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.<br>
NOTE: THIS PROPERTY WILL REQUIRE EXTENSIVE REPAIR AND RENOVATION AND WILL HAVE TO BE BROUGHT INTO COMPLIANCE WITH THE PROPERTY MAINTENANCE REGULATIONS OF THE CITY OF SUMTER. THE NEW OWNER MUST BRING THE PROPERTY INTO COMPLIANCE. THE CITY HAS INDICATED A WILLINGNESS TO WORK WITH THE NEW OWNER ON A TIMELINE TO ALLEVIATE THE ISSUES. <br>
3. Property Disclosure: The property is selling subject to the rights-of-way and easements of record. <br>
4. Bidder Registration: While there is no obligation to bid, you must register to bid, by showing proper credentials. A credit card is required for registration, for verification purposes. <br>
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.<br>
6. Reserves: In the case of a reserve price, Auctioneer may bid on behalf of the Seller.<br>
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. These documents will be sent via E-mail to the high bidder within 2 hours of the close of bidding and must be returned to the Auctioneer within 48 hours. Deposit, as described below, must accompany these documents.<br>
8. Deposit: In addition to signing the contract, the high bidder will be required to pay, in US funds, a nonrefundable deposit of one thousand dollars ($1,000.00). 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 is required for personal or company checks. Credit cards will not be accepted for this transaction. However should the high bidder not return the deposit and signed purchase contract, he/she hereby authorizes a Service Fee of $2,500.00 to be charged to the credit card used at registration.<br>
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.<br>
10. Closing: Closing will take place within 30 days at the law offices of Young & Keffer, 23 West Calhoun Street, Sumter, SC 29150. All closing costs such as title search fees, deed preparation, documentary stamps, recording fees, attorney fees, etc. will be the responsibility of the Buyer. Property taxes will be prorated to the day of closing. <br>
11. Survey: The property is being sold subject to the plats of record. Any required additional survey will be the responsibility of the Buyer. <br>
12. Agency Disclosure: Auctioneer J. Rafe Dixon 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.<br>
13. 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.<br>
14. 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.
<br>
1. Property/Time/Place: This auction is for property at 22 South Blanding Street, Sumter, SC 29150 and identified as TMS # 2281404016. Bidding will take place via the internet, with bidding scheduled to close on July 17, 2012. Bidding will close at 2:00 PM Eastern time, subject to having bidding extended, should bids be received in the final few minutes.<br>
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 J. Rafe Dixon, 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.<br>
NOTE: THIS PROPERTY WILL REQUIRE EXTENSIVE REPAIR AND RENOVATION AND WILL HAVE TO BE BROUGHT INTO COMPLIANCE WITH THE PROPERTY MAINTENANCE REGULATIONS OF THE CITY OF SUMTER. THE NEW OWNER MUST BRING THE PROPERTY INTO COMPLIANCE. THE CITY HAS INDICATED A WILLINGNESS TO WORK WITH THE NEW OWNER ON A TIMELINE TO ALLEVIATE THE ISSUES. <br>
3. Property Disclosure: The property is selling subject to the rights-of-way and easements of record. <br>
4. Bidder Registration: While there is no obligation to bid, you must register to bid, by showing proper credentials. A credit card is required for registration, for verification purposes. <br>
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.<br>
6. Reserves: In the case of a reserve price, Auctioneer may bid on behalf of the Seller.<br>
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. These documents will be sent via E-mail to the high bidder within 2 hours of the close of bidding and must be returned to the Auctioneer within 48 hours. Deposit, as described below, must accompany these documents.<br>
8. Deposit: In addition to signing the contract, the high bidder will be required to pay, in US funds, a nonrefundable deposit of one thousand dollars ($1,000.00). 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 is required for personal or company checks. Credit cards will not be accepted for this transaction. However should the high bidder not return the deposit and signed purchase contract, he/she hereby authorizes a Service Fee of $2,500.00 to be charged to the credit card used at registration.<br>
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.<br>
10. Closing: Closing will take place within 30 days at the law offices of Young & Keffer, 23 West Calhoun Street, Sumter, SC 29150. All closing costs such as title search fees, deed preparation, documentary stamps, recording fees, attorney fees, etc. will be the responsibility of the Buyer. Property taxes will be prorated to the day of closing. <br>
11. Survey: The property is being sold subject to the plats of record. Any required additional survey will be the responsibility of the Buyer. <br>
12. Agency Disclosure: Auctioneer J. Rafe Dixon 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.<br>
13. 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.<br>
14. 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.
Overview
Under Contract: Yes