Beautiful Renovated Farmhouse and Outbuilding with Office & Workshop on almost 2 acres in Moreland, GA

GENERAL AUCTION TERMS AND CONDITIONS: 

AUCTION REGISTRATION:  

Register online as a bidder (buyer not agent). Then submit proof of funds for the 10% deposit or $30K to Patty.brown@bhhsgeorgia.com You must be a registered bidder to view docs such as inspection report, Tax report, seller's disclosure, etc.

PROPERTY INSPECTION: Open Houses/ Inspections scheduled as noted in the Property Listing. No lockbox on house so the scheduled times are the only times to view. We do have a walkthrough video for your convenience.

BROKER PARTICIPATION INVITED: A three percent (3 %) will be paid on real estate.  To qualify for a commission, the agent must register using the Broker Registration form posted to the website for the property listing prior to the bidder's first bid. Broker must also attend the auction previews with client..

AUCTION INFORMATION OFFICES: The auction information office is located at 320 West Lanier Avenue   Ste. 110, Fayetteville, GA 30214, Office Phone: (770) 719-9400, Direct (678) 815 5687. Brochures, Auction Purchase and Sale Agreements, and other information may be obtained by calling the office, or by visiting our website at www.AuctionGroupGA.com Georgia Company Auction License #3157 and GAL#3934, RE License #36931.

CONDUCT OF THE AUCTION: Online bidding will begin a week prior to the bid deadline. The auction will be conducted via online bidding at www.AuctionGroupGA.com. The auction ends when the highest bid is recognized by the Auctioneer. All final amount are subject to seller confirmation and approval. Bid increments and bidding methodology are subject to change at the sole discretion of the Auctioneer.

TERMS OF SALE FOR REAL ESTATE: Upon conclusion of the bidding, Purchaser will sign an Auction Purchase and Sale Agreement (“PSA”) with no changes. Winning bidder will pay a non-refundable earnest money deposit of ten percent (10%) of the purchase price (bid amount plus buyer’s premium). Submit the non-refundable earnest money deposit to Weissman Law within a day of binding contract.

Closing: must occur no later than 30 days following the full execution of the Purchase and Sale Agreement by 5:00 PM . Purchaser not closing within the contractual time may forfeit their earnest money deposit. 

Seller states to presently have title to said property, and at the time of the sale agrees to convey insurable title to said Property to Purchaser by Limited Warranty deed, subject only to (1) all title matters of record as of the date of closing, (2) matters affecting title that would be disclosed by an accurate survey of the property, and (3) all taxes not yet due and payable.  

Purchaser shall pay a prorated portion of 2023 Real Estate taxes and all other closing costs including tax stamps, transfer tax, recording fees, title search, title insurance (optional), and closing attorney fees and escrow fees charged by charged by Weissman Law  and all of Purchaser’s attorney fees (should Purchaser choose representation).

Closing Attorney and Escrow Agent: Weissman Law 500 Westpark Drive #150, Peachtree City, GA 30269, 770-632-2715

All payments (i.e. Earnest Money, Closing Funds) must be in the form of wire transfer.

Auctioneer is acting as agent for the Seller, not as Purchaser's agent. Time is of the essence. 

PRE-AUCTION OFFERS: The best opportunity for the seller to accept your pre-auction offer and cancel the auction would be for you to follow the auction terms of Cash, 30 days closing, not contingencies, including financing, pre-offer due diligence, etc. Submit all pre-auction offers to patty.brown@bhhsgeorgia.com. After 9/18, all offers must be submitted online through the auction bid site and are subject to all auction terms.  

BUYER'S PREMIUM: The property will be sold with a ten percent (10%) buyer's premium. The bid amount plus buyer's premium equals the final purchase price. For example: A $100,000 high bid, plus the $10,000 buyer's premium, equals the $110,000 final purchase price. Note: In this example the em deposit would be $11,000.

FINANCING: Please note that financing is NOT a contingency of this auction. Because financing is NOT a contingency, all potential bidders must make certain in advance that they are capable of obtaining the necessary financing to close the transaction. Earnest money deposits are Non-Refundable due to the inability to obtain financing. Prosperity Mortgage is familiar with the auction process and may be able to help you obtain financing. Contact Doni Arrington Mortgage Consultant NMLS #658979 for mortgage information at (678) 794-0512 or Doni.Arrington@phmloans.com

PLATS/SKETCHES/DRAWINGS AND PHOTOS: Existing legal descriptions are not guaranteed for complete accuracy. All acreage and dimensions are approximate and could be subject to change upon an actual field survey. All stakes, signs or flags indicating boundaries or location are for general location purposes only and are not to be construed as precise property corners. Bidders may have surveys conducted prior to the auction but are purchasing the property as-is. Title will be insurable.  

KEYS: If available, keys will be provided at closing. However, the Purchaser is strongly advised to re-key the property immediately after closing. 

EASEMENTS: All property sold is subject to recorded easements which include existing roads and planned roads, power line and other utility easements, ingress and egress easements, and other easements of record. 

PLEASE NOTE: Personal on-site inspection of the property is strongly recommended. Failure to inspect the property prior to auction does not relieve purchasers of contractual obligations of purchase. Property sells As Is - Where Is with no warranties expressed or implied. Bidders agree by participating in the auction that they understand and agree that they have inspected the property to their satisfaction.

Information was gathered from reliable sources and is believed to be correct as of the date this brochure is published; however, this information has not been independently verified by sellers or auctioneers. Its accuracy is not warranted in any way. There is no obligation on the part of the Seller or Auctioneer to update this information. ALL ANNOUNCEMENTS or updates made to the auction TAKE PRECEDENCE OVER ALL ADVERTISING. The seller does not have any liability whatsoever for any oral or written representations, warranties or agreements relating to the property except as expressly set forth in the Auction PSA.  Bid increments are at the sole discretion of the Auctioneer. Property is sold with reserve. Bidder acknowledges that Seller and Auctioneer and their employees, agents, affiliates, and associates reserve the right to place bids on properties sold with reserve up to the seller’s reserve price, at their sole discretion. Neither Seller, Auctioneer, nor their representatives may bid above the reserve price. There is no obligation on the part of the Seller to accept any backup bids in the event the high bid falls through.

LEAD BASED PAINT DISCLOSURE: A Lead-based disclosure is available for this property. This property is being sold on an “as-is'' basis.  Prospective bidders are permitted to conduct any risk assessments or inspections prior to bidding and/or prior to the conclusion of all bidding. All bidders will sign the Lead-based paint disclosure form waiving the opportunity to conduct any future assessments or inspection for the presence of lead-based paint.

FOR DETAILED INFORMATION VISIT OUR WEBSITE AT https://www.AuctionGroupGA.com/ or contact: 

Patty Brown 678-815-5687 or Amy Martin 404-734-3606, Patty.brown@bhhsgeorgia.com

Closing with 30 days of contract.