1) This is a Court Ordered sale to settle the Estate of Mary Sue Panzner, Deceased. Bidding is open to the public and will be conducted online only starting on Sunday, 3/19/17 at 9:00 AM and ending on Friday, 3/24/17 at 3:00 PM (EST). 6000 Highway 24, Townville, SC 29689 will sell to the highest bidder with no reserve. 2) All bidders must be registered in order to bid; however, there is no requirement to bid. By registering and bidding, the bidders acknowledge they have read, understand, and agree to the terms of the auction. 3) All property sells in “as-is, where is” condition without guarantee or warranty as to suitability for use. There will be an inspection period on Sunday, 3/19/17 from 2-4 PM, and by appointment. 4) Contract Sales Price – The contract sales price will be determined by adding the high bid price and a buyer’s premium equal to 10% of the bid price together. For example: A $50,000 high bid plus a $5,000 buyer’s premium equals the $55,000 final contract sales price. The information contained in the bidders packet and all related materials are subject to the terms and conditions of the Real Estate Auction Contract for Sale. 5) Within 24 hours of the auction ending the winning bidder is required to execute the Real Estate Contract for Sale and must also deposit $5000 non-refundable earnest money to be held in escrow by the closing attorney and applied toward the purchase price. This is a non-refundable deposit unless the seller cannot provide insurable title at closing. The balance of the sales price will be due at closing within 30 calendar days, either by certified check or wire transfer, subject to the closing attorney's requirements. The seller reserves the right to extend the closing date an additional 30 days if necessary. 6) Possession will be at closing provided any net proceeds of the sale have been disbursed. NO KEYS WILL BE GIVEN PRIOR TO CLOSING. 7) No personal property will convey with the sale - the mobile home will be empty by closing. 8) In the event the purchase offer is accepted and the buyer fails to comply with the terms of the Real Estate Contract for Sale, then the earnest money will be forfeited, but such forfeiture shall not affect any other remedies available to seller for such failure. 9) All information published, announced or contained herein was derived from sources believe to be correct; however, it is not guaranteed by the seller, Keller Williams Historic District, or Sunil Varghese, Realtor and Auctioneer SCAL 4621. Personal on-site inspection is recommended. 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 claims. 10) A 4% commission of the high bid amount will be paid only at closing to the licensed agent’s Broker-in-Charge whose client pays and settles for the property. To qualify for a commission, the licensed agent must be licensed in the state of SC, must register their client in writing at least 24 hours prior to the auction starting. Contact Sunil Varghese at (864) 525-7449 or sunil@thevarghesegroup.com if you are an agent, or a bidder who has a signed a representation agreement with an agent, for the registration form. A complete registration file on all prospects will be maintained & there can be NO EXCEPTION to this policy. No commission will be paid to an agent bidding on their own behalf – see broker registration form for details. 11) Contingencies: There are no contingencies allowed for financing, inspections, or any other items. All due diligence must be completed prior to the auction. 12) Closing Costs: Seller will pay any liens and all property taxes pro-rated to the day of closing. Purchaser to pay all other closing costs required to close, including, but not limited to, deed preparation, deed stamps, recording fees, and the survey already completed by Tony Romo - cost of the survey is $310.