***1 Lots a minute start closing at 1:00 pm (*Not all lots close at the same time)
***If a bid is placed in the last 2 minutes of closing, ALL items will extend an additional 2 minutes***
***11% Buyers Premium
***The Auction will start closing at 1:00 pm. If a bid is placed on any lot within the last 2 minutes of bidding, the entire auction will extend for an additional 2 minutes.
Address:
59+/- Acres at (or nearby) 0 Bynum Ridge Rd., Pittsboro, NC 27312 and being Chatham Co. Tax Parcel #(s): 0088193 (the “Real Property”),
Preview/Inspection Times:
*Surveyor On-Site For Tours:
Saturday (3/15) 10:00 am - 1:00 pm
Saturday (3/22) 10:00 am - 1:00 pm
Or drive by at your convenience
Terms on Real Estate: At the end of the auction, the Successful Bidder will sign a real estate sales contract by March 26th, 2025 5:00 PM and pay a Non-Refundable 10% deposit (Deposit to be paid by 5:00 pm on March 26th, 2025 by bank wire, or certified funds)with the balance due at closing or by 30 days from date of closing of auction. A 11% buyer's premium will be added to the bid price to become the contract purchase price.
***The Auction will start closing at 1:00 pm. If a bid is placed on any lot within the last 2 minutes of bidding, the entire auction will extend for an additional 2 minutes.
Inspections are welcome and must be done prior to auction. The high bidder's credit card may be immediately charged $2500 after the auction, but refunded when deposit is made. Preview for Real Estate: *see preview times Agency Disclosure: In all transactions, the Auctioneer is acting as agent for the Seller. Auctioneer has the right to bid on behalf of the seller in a non-absolute auction.Disclaimer: Information herein and as might otherwise be provided is from sources deemed reliable, but Rogers Auctioneers, Inc., or the Seller make no warranty or representation to accuracy. Rogers Auctioneers, Inc. and the Seller expressly disclaim any liability for errors, omissions, or changes regarding any information provided for these sales. Potential purchasers are strongly urged to rely solely upon their own inspections and opinions in preparing to purchase property. The property is sold 'As-Is' with any and all faults. All sales final. Auctioneer reserves the right to add or delete due to prior sale or otherwise. Individuals agree that the Auction Co., its representatives or the Seller are not responsible for any damage to person or property while on the premises. **Call 919-545-0412 or email Michael@RogersAuction.com for complete terms REPRESENTATION: Rogers Auctioneers and its agents represent the Seller only. INDIVIDUAL PURCHASES Individual purchases are to be considered as a single transaction not contingent upon acceptance of any other bids by the Seller. Auctioneer has the right to sell this property in any form or fashion that is legal and ethical in order to produce the best offer for the Seller. Buyer will receive a Deed free and clear of all liens except recorded easements and rights of way at closing. CONDITIONS OF SALE It is the responsibility of the buyer to personally inspect the property being sold and to bid accordingly based on his/her judgment. All inspections which may constitute a condition of sale must be completed prior to auction. The seller or auctioneer is not responsible for, and has no liability for issues relating to auction property which are discovered or arise after the Auction has taken place. The successful bidder will be required to sign the purchase agreement with no modification, (sample can be emailed to you upon request). This is a cash transaction and is not subject to the Buyer obtaining financing or any other contingency. Seller will not do any work to the property, including but not limited to repairs, cleaning, or otherwise. Buyer acknowledges that prior to executing this agreement buyer was provided a copy of the agreement and prior to execution reviewed the agreement to buyers' satisfaction. CONFIRMATION: Confirmation of the auction bid price must be made by Owner(s) at closing of auction. **NO upset period exists! TERMS OF REAL ESTATE Although there is no obligation to bid, all prospective buyers must register in order to bid at the Auction. At the end of the auction, the successful buyer will submit his or her non-refundable earnest money deposit per parcel in the amount of 10% of the final contract purchase price. $5,000 must be in certified funds. Balance due at closing within 30 days after auction. Funds can be paid with wire transfer or in person by 5pm day after Auction ends. An 11 Percent (11%) Buyer's Premium will be added to the highest bid price to determine the final contract purchase price of the property. Example: You bid $100,000; your final contract purchase price will be $111,000. All checks will be written to Rogers Auctioneers, Inc. trust account. If closing does not take place within the 30 day allotted time, the auctioneer, in addition to all other remedies allowed by law, may retain all monies received as deposit or otherwise, as liquidated damages. Property not paid for within the time specified herein may be resold at public or private sale without further notice; and deficiency, together with all expenses and charges of resale, will be charged to the defaulting buyer. All information published, announced or contained herein was derived from sources believed to be correct; however, it is not guaranteed by the seller or the auctioneers. Personal on site inspection of the property is recommended & is the sole responsibility of the bidder. The failure of any bidder to inspect, or to be fully informed as to the condition of the property, will not constitute grounds for any claim or demand for adjustment or withdrawal of bid, offer or deposit money after its opening tender. This includes but is not limited to public information such as easements, restrictions, zoning, right-of-ways, or any other information that can be obtained as public record in the county courthouse concerning subject properties. Any and all announcements made from the auction stand take precedence over all other verbal, printed, announced and/or distributed information. Please note that you are buying the property "As Is, Where Is" with no guarantee or warranty other than what's mentioned above. Rogers Auctioneers is the agent of the seller and fiduciary duties of loyalty and faithfulness are owed to our client.
1. Buyer shall be responsible for and pay all other expenses required to close out the transaction
including an equal share of the cost of survey by The Gateway Engineers, Inc., Engineering
fees, and County planning review fees, pro-rated taxes, recording fees, title insurance, and
attorney’s fees to Paul S. Messick, Jr. Closing shall be within 10 days of subdivision plat
approval by Chatham County in the office of Gunn & Messick, PLLC, Pittsboro, NC.
2. The Property is being sold in separate lots. If purchased by separate bidders, the Property will
be subdivided at the Buyer’s sole cost and expense in substantial conformity with the sale maps
included in the auction and will contract with The Gateway Engineers, Inc. to perform the
survey and coordinate the Chatham County planning review and plat approval process. Buyer
may be required to advance the estimated costs of surveying and review prior to
commencement of services. *Each bid lot shares equally any costs involved with design
and surveying expenses to close transaction estimated to be $58,000 for all five (5) lots;
provided, however, that if all Lots sell to one Buyer, then there will be only a $15,000
cost added and paid to The Gateway Engineers, Inc. by the Buyer at Closing for initial
surveying, planning, etc. and costs. The possible private road design and construction
and permitting fees is estimated to cost $250,000 based on recent engineering
assessment.
3. Seller shall provide the Buyer a general warranty deed to the property, free and clear of all
liens and encumbrances, excepting easements, zoning, encroachments, rights-of-way, and
restrictions of record or as announced at the auction or in auction catalog, including a
Declaration of Easement and Road Maintenance Agreement requiring all lot owners to share
the cost of design and construction of any private road to be constructed on the premises and to
share equally in the cost of future maintenance thereof. The Buyer shall have the right to have
a title examination made at the expense of the Buyer. It is understood that the transaction is to
be closed on or before 45 days from the date of the auction. Time is of the essence. If any
flaw is found by the Buyer’s title examination, then the closing shall be extended and the Seller
cannot provide insurable title, the earnest money deposit shall be returned to the Buyer with no
further liability of the Seller.
4. The Property is being sold in separate lots. If purchased by separate bidders, the Property will
be subdivided at the Buyer’s sole cost and expense in substantial conformity with the sale maps
included in the auction and will contract with The Gateway Engineers, Inc. to perform the
survey and coordinate the Chatham County planning review and plat approval process. Buyer
may be required to advance the estimated costs of surveying and review prior to
commencement of services.
