Auctioneer's Note:  Well located older frame home on 2.83+/- extremely nice acres with some 300 feet (+/-) of road frontage on Hwy 268 and some 700 feet (+/-) of common boundary with East High School. This 1 and 1/2 story older home features 3 or 4 bedrooms, 1 full bath, eat-in kitchen plus dinning area, living area, covered front porch, 24x30 enclosed garage and other storage sheds.This recently vinyl sidded home also includes paved driveway and large paved parking area, drilled well and septic tank. If you are a first time home buyer, landlord, or speculator this home with this location and acreage should be very attractive to you. The interior of this home does need "TLC" as it has not been lived in since 2008. Home to be sold at 12 NOON with personal property selling at 10AM  C-ya on the 24th!!!!

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Terms (Real Estate)

1.    The Real Estate sells strictly “AS IS, WITH ALL FAULTS”.  No warranties are given or implied.  No improvements/repairs will be made by the owners/sellers.   All information is believed to be correct but is not guaranteed.  Prospective purchasers are required to have all necessary/desired property inspections that constitute a condition of sale completed prior to the auction.  It is the purchaser’s responsibility to conduct his/her own due diligence, and must understand he/she is buying the property entirely upon his/her own examination and opinion.  The information contained herein has been obtained from sources deemed reliable and although every precaution has been taken to insure its accuracy neither the seller or Great State Auction Company nor any of their agents will be responsible for any errors or omissions contained herein.  All square footages are approximate.  Insurable Title will be delivered by NC General Warranty Deed.

2.    All potential bidders are to provide a bank letter of guarantee (for earnest money checks only) unless prior approval by Auction Company and/or owner has been obtained. The successful Bidder will be required to sign all necessary documents which may include: Auction Offer to Purchase Sales Contract, Terms and Conditions Memorandum, Bidder Certification Statement and an Agency Disclosure Statement.

 3.        A non-refundable deposit of  Seven Thousand Five Hundred Dollars ($7,500.00) will be required at time of sale, to be held in Escrow by Tim Joines Attorney 115 East Main Street, Wilkesboro, NC. Balance of PURCHASE PRICE is due upon transfer of title, on or before April 27th, 2012.  Your down payment is non-refundable unless the Seller cannot pass a clear insurable title.  Your non-refundable down payment must be in the form of CASH, CASHIER’S CHECK or an APPROVED PERSONAL CHECK (if you have sufficient identification such as a valid Drivers License and Social Security Card, etc.)  Absolutely NO Second Party Checks accepted.

4.    Broker is the agent of the Seller of the Property offered for sale by this auction. Broker and Seller have agreed that this sale is to be conducted by including a buyer’s premium of Five Percent (5 %) upon the final high bid price as determined by the Broker (i.e. “Buyer’s Premium”). The actual contract sale price shall be the sum of the confirmed high bid plus the Buyer’s Premium (5%). Bidder acknowledges and agrees that inclusion and/or payment of the Buyer’s Premium shall not make Broker the agent of the Bidder/Buyer and that Broker continues as the agent of Seller in the sale of the property.

5.         Buyer’s inability to secure a loan for the balance of the sales proceeds is not an excuse to void the sale/purchase.