Absolute Real Estate Auction - Saturday October 14 @ 11A.M. at the EconoLodge Conference Center Norton VA. at the intersection of U.S. 23 and U.S. rt. 58. Offering 30 plus properties from the Estate of Sue Dorton Dickenson.
List of properties to be sold. (1.) 018153 Park Ave. Back Pt 15-16 (2.) 010884 15 B 2 P 1 Triangle behind 301 Blondell. (3.) 018363 206 West Main Street Appalachia, VA. (4) 018202 315 West Main Street formally the Peak building. (5) 018202 L 15 Bk 3 P 1 KC1 (6) 018209 2 Vacant Lots on Brown Street. (7) 018415 306 Spruce Street. (8) 018212 308 West Main Street Appalachia, VA. Formerly Western Auto Building. (9) 018205 Tailor Park on Harding St. formerly Hebron St. 26 Lots. (10) 018204 East Main Street Appalachian, VA. 2.5 Lots. (11) 019047 L 6-7 BG WRC located on Inman. (12) 034468 Lot 33 Bk 4 located on Inman. (13) 034473 L 1 Bk 12 located near R.R. Avenue and Church St. (14) 034470 Pt of 13 Bk t KA located near Boggs Avenue 1307 (15) 034471 L 49 & 51 through 55 bk 7 No data available. (16) 033755 L3 BK 3 WRC. We could not find except on paper. (17) 033753 Kilbourne Ave 40ft. (18) 018681 206 Templeton St. (19) 018625 Ridge Ave. 13 Bk. 4 P 3 WRC (20) 018337 Ridge Ave. E ½ of lot 28 (21) 018207 204 Brown Street (22) 018200 306 West Main Street formally Sue's Dress Shop. (23) 018210 Mouser Street25 (25) 018299 Mouser Street (27). 018211 511 Mouser Street (28) 018215 Mouser Street 9 Bk 6 P 1 KCI (29) 018214 110 Bell Avenue. 6-unit apartments. (30) 000522 Shelby Ave 17-18-19 Bk 12 CC (31) 001506 Cherokee Ave W BSG. Located in Big Stone Gap. (32) 017136 205 E 26th St. in Big Stone Gap. 5 lots with 3 Dwellings. (33) 016032 East Stone Gap Road. (34) 018213 307 Main Street, Appalachia, VA. (35) 018671 House on Edmond Street. (36) 018187 Directly Behind 110 Bell Avenue (37) 018188 Directly Behind 018187 (38) 018186 On right as you turn up Bell Avenue.
Auction Terms & Conditions Live AuctionTERMS: 10% of final bid price will be due immediately after confirmation of final bid and the balance due at closing within 40 days. A 10% buyers premium or $250.00 whichever is greater per property will be added to the final bid and will become a part of the purchase price. Property sold "AS IS" condition and is not contingent upon buyers financing, condition of property, appraisal, inspection, etc. All information and dimensions were derived from sources believed to be correct but are not guaranteed. Buyers shall rely on their own information, judgement, and inspection of the property. BIDDING; All bidding is open to the public, without regard to race, color, sex, religion, or national origin. As used in these conditions of sale the term "the final bid" means the highest bid acknowledged by the auctioneer and the term "purchase price" means the sum of the final bid and the buyer's premium. The highest bidder acknowledged by the auctioneer shall be the buyer. In the event of a dispute between bidders the auctioneer may determine the successful bidder or re-offer and resale the property in dispute. Should there be any dispute after the sale, record of final sale shall be conclusive. Bidding Eligibility: IN ORDER TO BE ELIGIBLE TO BID, PRIOR TO THE AUCTION, YOU MUST SUBMIT A LETTER FROM YOUR FINANCIAL INSTITUTION THAT SHOWS PROOF OF YOUR ABILITY TO PURCHASE THIS PROPERTY. Buyers Premium: The buyers premium is 10% or $250.00 per property whichever is greater and shall be paid by the Buyer and will be added to the final bid on the property. EXAMPLE 1: High bid on property is: $100,000 Add 10% Buyers Premium: 10,000 Total Sales Contract $110,000 EARNEST MONEY: The buyer shall be required to pay a deposit of $11,000.00 which is due immediately after confirmation of final bid. EXAMPLE 2: High bid on property is $1000.00 add minimum required buyers premium of $250.00 total sales contract of $1250.00 the buyer shall be required to pay a deposit of $125.00. The deposit will be held in a non interest bearing escrow account until settlement. CLOSING: The successful buyer must sign all documents and contracts immediately after the acceptance of the final bid. The successful buyer will also be required to hire an attorney to do the closing. pay the balance of the purchase price and receive the deed to the property. All closing must occur on or before specified dates. Closing is to take place on or before 40 days from the date of the Auction. Buyer acknowledges and agrees that time is of the essence. CLOSING COSTS: The buyer shall pay all closing costs except those taxes shall be prorated to the day of closing. FINANCING: Sale of the property is not contingent upon the buyer obtaining financing. CONDITIONS OF DEFAULT: If any conditions contained herein are not complied with by the buyer, High Hopes Auction & Appraisals may in addition to asserting all remedies available by law, including the right to hold defaulting buyer liable for the purchase price, either a) cancel the sale, retaining as liquidated damages any payments made by such buyer, b) resell the property at public auction or privately on seven days notice to such buyer or c) take such other action as it deems necessary or appropriate. If High Hopes Auction & Appraisals resells the property, the original defaulting buyer shall be liable for the payment of any deficiency between the purchase price and all costs and expenses, the expenses of both sales, reasonable attorney's fees, commissions, incidental damages and all other charges due hereunder. In any event the buyer's earnest money deposit will be retained by High Hopes Auction & Appraisals as liquidated damages. STATE LAWS: The respective rights and obligations of the parties with respect to the Conditions of Sale and the conduct of the auction shall be governed and interpreted by the laws of the state in which the auction is held. By bidding at an auction, whether present, in person or by agent, by written bid, telephone or other means the buyer shall be deemed to have consented to the jurisdiction of the courts of such state and federal courts sitting in such state. INSPECTION: All property is sold "AS IS, WITH ALLFALTS" Descriptions are provided as a service to customers only and do not constitute a warranty, either expressed or implied. High Hopes Auction & Appraisals disclaims all responsibility for physical condition. All buyers are responsible for prior inspection of properties on which they bid and by bidding are deemed to have so inspected the property. Placing a bid on the offered property whether in person or by agent or by written bid, telephone bid or other means constitutes an agreement by bidder to these conditions of sale. For residences built prior to 1978 buyer waives the right to a 10 calendar day opportunity to conduct a risk assessment inspection for the presence of Lead based Paint and or Lead Based Paint Hazards. Square footage dimensions and acreage are approximate and should be independently verified prior to bidding. High Hopes Auction & Appraisals, it's agents, and subagents and the sellers assume no liability for errors or omissions in this or any other property listing or advertising or promotional publicity statements and materials. All information and dimensions were derived from sources believed to be correct but are not guaranteed. Buyers shall rely on their own information, judgement and inspection of the property. All auction day announcements take precedence over any previously printed material, or any other oral statements made.
Call Jerrard Vance 276-365-0687 or Jeff Mullins 276-298-8980
