18064 - REAL ESTATE - FELTON ESTATE

Online Only Auction

Wester Auction & Realty, Inc. (NCAL 7026)

303 W. Noble Street

Louisburg, NC 27549

Date(s) 8/29/2018 - 10/12/2018

Pre-bidding begins immediately and ends on October 12th at Noon.

Past Auction

Online-Only Auction

Catalog

View Catalog (6 Lots)

Bidding Notice:

Here is your chance to own a great home for a fraction of the value of other homes in the area. ***YOU CAN PREVIEW THE HOUSE ON OCTOBER 6th, 2018 FROM 10:00am - 2:00pm.***

Auction Notice:

This property is NOT SOLD SUBJECT to the buyer's ability to obtain financing or sell other property. This is a cash sale with closing within 30 days.

Auction Information

Name	18064 - REAL ESTATE - FELTON ESTATE
Auctioneer	Wester Auction & Realty, Inc. (NCAL 7026)
Type	Online-Only Auction
Date(s)	8/29/2018 - 10/12/2018
Auction Date/Time Info	Pre-bidding begins immediately and ends on October 12th at Noon.
Preview Date/Time	We will open the house up for preview on October 6th, 2018 from 10:00am - 2:00pm.
Checkout Date/Time	As soon as the bidding has concluded we will make arrangements to meet with the high bidder to execute the Sales Contract and receive the mandatory deposit.
Location	303 W. Noble Street Louisburg, NC 27549
Buyer Premium	Each high bid will have a 6% BP added
Description	We are selling a home with +/- 1850 sq. ft. (downstairs) and +/- 680 sq. ft. (upstairs) on +/-.341 acres in downtown Louisburg. This could be a great home for raising a family, or a super investment as a rental property. Within walking distance of downtown Louisburg and Louisburg College, this home is in a quiet community of well established single family homes. The home comes with a gas pack HVAC system, powered by natural gas. There are 3 bedrooms and 2 full baths currently, but this could be changed according to the family needs. (SEE THE ROOM LAYOUT AND MEASUREMENTS PICTURE) There is a partially finished attic, with a permanent staircase, with enough square footage for a couple bedrooms or a great playroom. The home is livable as it is now, but would be absolutely beautiful after remodeling.

Terms and Conditions

1. All information is provided without warranty or guarantee of accuracy or completeness. 2. Bidders must rely on their own judgment and inspection. 3. The property is being sold AS IS, WHERE IS. 4. The buyer is GUARANTEED a General Warranty Deed, free and clear of all encumbrances from mortgages, taxes, and contractor's charges. 5. It is highly recommended that all bidders consult an attorney or licensed real estate broker for assistance. 6. Wester Auction & Realty, Inc. and its employees are agents of the seller and are limited by NC law in the support that we can offer to potential bidders. 7. It is highly recommended that you attend the preview. If you cannot attend and wish to see the home at another time, please call 919-522-9802 or 984-500-9395. We will try to accomodate your schedule. 8. All inspections are at the expense of the bidder. 9. The due diligence period for inspections ends on September 27, 2018 at 5:00 PM. 10. A 6% buyer's premium will be added to the final high bid. The total of the buyer's premium and high bid will constitute the Contract Sales Price. 11. The high bidder must post a 10% non-refundable earnest money deposit at time of execution of the sales contract. 12. The balance will be due at closing within 30 days of the execution of the Sales Contract.

Bid Increments

Your bid must adhere to the bid increment schedule.

Bid Amount	Bid Increment
0.00 - 9,999,999.99	500.00 USD

Payment Information

Currency	USD
Buyer Premium	Each high bid will have a 6% BP added
Payment Terms	Immediately after the bidding closes on the lot, you will be called for an immediate appointment. You will meet with one of our brokers, sign the Sales Contract and present the required earnest money deposit. Failure to meet with us on the day of the bid closing may result in your losing the right to buy the property, and placement on our non-performing bidders list. This may keep you from bidding with us in the future.

Shipping / Pick Up

NOT APPLICABLE

Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.