JPID 3

This is an ONLINE ONLY AUCTION. The event will start Monday February 4, 2019 will end March 4, 2019 with one lot closing every 10 minutes. This restricted residential community features large lots, city water & sewer, along with convenience to Kinston, Goldsboro, and Snow Hill. We will be offering 8 lots that are just 2 miles from downtown La Grange. 1. Broker is the agent of the Seller of the Property offered for sale by auction and Broker and Seller have agreed that this sale is to be conducted by including a buyer’s premium of 7% upon high bid price as determined by the Broker (“Buyer’s Premium”). The actual contract sales price shall be the sum of the successful high bid plus the Buyer’s Premium. (Ex: High Bid of $10,000 plus 7% Buyer’s Premium of $700 = $10,700 contract sale price.) 2. In consideration for the Seller and Broker allowing Bidder to bid at the auction of the Property, Bidder hereby acknowledges and agrees that if Bidder is the successful high bidder for the Property, then Bidder will enter into a purchase and sale contract within 24 hours of the close of the auction, under the terms and conditions stated in the auction materials. All successful high bidders will be notified via email within 48 hours if their bid was accepted. The properties are being sold subject to seller confirmation. 4. A ten percent (10%) earnest money deposit is required in the form of a certified check, cash or wire transfer. The earnest money deposit is due within 72-hours of the close of the auction, with the balance of the contract purchase price due at closing within 45 days. Purchaser shall be responsible for all wire transfer fees ($20). The properties being offered are subject to seller confirmation. 5. All final payment of funds is due on or before 45 days post auction. Closing must take place on or before April 18, 2019. 6. Johnson Properties Realtors & Auctioneers, Inc. makes no representations or warranties, expressed or implied, concerning the property. Descriptions of the property are believed to be correct, but are not guaranteed. It is the Buyer’s responsibility to conduct any inspections prior to the auction. Johnson Properties Realtors & Auctioneers, Inc. has attempted to find or locate all information deemed material facts. Ultimately, it is the Buyer’s responsibility to inspect all aspects of the property before placing a bid. No sale shall be invalidated by the Buyer as a result of he/she not conducting their own inspection prior to bidding. It is automatically acknowledged by placing a bid that you have personally inspected the property, hired an agent to inspect the property or waived your right to inspect the property. 7. All properties are offered “AS IS, WHERE IS” with no warranties either written or implied. Potential buyers are encouraged to research all property attributes (i.e. zoning, lot size, water and sewer availability and access, buildable or non-buildable, easements, encroachments, any governmental or private restrictions, restrictive covenants, etc.) to ensure that the property meets their intended use prior to bidding. The current appropriate county GIS information and aerial representations are provided as a courtesy, but are NOT GUARANTEED for accuracy. Title will transfer via General Warranty Deed, clear of all liens, judgements, and encumbrances. 8. Neither the seller nor Johnson Properties Realtors & Auctioneers, Inc. makes any representation of the condition or suitability of any property for any purpose. All properties are being sold “as is” in their present condition with all faults if any. The properties have county water and sewer, and utilities available. Lenoir County Tax Rate: .83 per $100 plus city of La Grange tax of .5320 per $100 Zoning: unrestricted, but there are restrictive covenants associated with the subdivision and can be found at the below link: http://www.johnsonproperties.com/Auctions/Auction/2286 There is a sample contract at the bottom of this announcement under "downloads." Please call (919) 639-2231 with any questions.