Tract #2
92.66 Acres
Online Bidding Starts June 26, 2023 at 9 A.M.
Ending June 29, 2023 at 4 P.M.
Subject to auto extend bidding
Bid on a single tract, a combination of tracts, or the property as a whole.
Property Viewings Scheduled
June 17, 2023 9am to 12pm
June 24, 2023 9am to 12pm
Old Coffee Road
Wray Georgia 31512
TERMS AND CONDITIONS
Please read the follow terms. By registering for this auction, you acknowledge you have read and understood all terms and conditions.
Bidders will have the opportunity to bid on each tract, multiple tracts, or the entire property as a whole. The final sales configuration that produces the highest offer to the seller will determine how the property sells.
If you do not agree to these terms, please DO NOT BID!
Tract 1-157.1 +/- Acres Old Coffee Road Frontage- 1680’ +/-
Tract 2- 92.66 +/- Acres Old Coffee Road Frontage- 1680’+/-
Tract 3-47.04 +/- Acres Old Coffee Road Frontage- 1680’+/-
TOTAL-296 +/- Acres
The property will be offered through Brewer Land Auctions online bidding platform.
Bidder Registration/Verification:
A credit card is required in order to register for this auction. An authorization charge of $1,000.00 will be charged against the credit card used for registration. This authorization is not a permanent charge. Thus, pre-authorization is used to verify the identity of our bidders and the availability of funds on the credit card used for registration. Brewer Land Auctions reserve the right to accept or reject bidder registration at its sole discretion. The identity of all bidders will be verified, bidding privileges are provisional, and if complete verification is not possible Brewer Land Auctions LLC reserves the right to reject the registration, and bidding activity is subject to termination. Brewer Land Auctions LLC has the sole authority to resolve any bidding disputes as they arise.
Bid Increments:
Bid Increment Amount
$0-$100,000 $1,000
$100,000-$500,000 $5,000
$500,000+ $10,000
Brewer Land Auctions reserves the right to adjust bid increments at its sole discretion.
Scheduled End Times:
June 29, 2023 4 P.M EST
The auction is scheduled to end at the advertised end time. Brewer Land Auctions utilizes an auto extend bidding. Each time a bid is placed within (10) minutes of the end time the clock will reset to (10) minutes. Brewer Land Auctions reserves the right to adjust the auto extend as necessary.
Buyer’s Premium:
A 10% Buyers Premium will be added to the final bid price to determine the final contract price.
Example Below
Final Bid Price - $100,000
Buyers Premium 10% ($10,000)
Final Contract Price $110,000
Contract For Sale:
The property is offered under the specific terms listed in the contract for sale. The Contract for Sale is available for your review at www.brewerlandauctions.com. Please read and review the Contract for Sale prior to bidding. If you have any questions or concerns, please contact Brewer Land Auctions prior to bidding.
Special Stipulations:
1. In the event the property sells in its entirety to a single purchaser the property will be conveyed by existing legal description. In the event the property sales divided a final survey will be made by Statewide Surveying located at 521 Ethel Street, Douglas, Georgia, 31533. The cost of the survey will be paid by the purchasers at a rate of $0.30 per linear foot with common lines split 50/50 between adjoining purchasers. The survey will include boundary survey, metes and bounds descriptions and corners set.
As is Where Is:
All property is selling “as-is, where is”. It is the buyer’s responsibility to conduct all inspections prior to bidding.
Bidder Default:
In the event winning bidder fails to submit the signed Contract for Sale and earnest money deposit as provided in the terms, the winning bidder will be charged an administrative fee of $2,500.00 on the credit card provided at registration.
All administrative fees are non-refundable.
Earnest Money Deposit:
The winning high bidder will be required to submit the earnest money as stipulated in the Contract for Sale. The earnest money deposit will be 15% of the final contract price.
The winning high bidder will have 24 hours to send earnest money in the form of Cashier’s Check or Wire transfer.
Contracts:
Contract packages will be sent by email to the successful high bidder at the conclusion of the auction. Successful high bidder must execute and fax, email or hand deliver the package back to Brewer Land Auctions within 24 hours of receipt. Successful high bidder not executing and return their contract with earnest money deposit within 24 hours of receipt will be considered in default and subject to an administrative fee.
Closing:
The final contract will be a cash contract. The winning bidder will be responsible for all closing cost associated with the closing. The contract will NOT be subject to financing, survey, or appraisal. The closing date will be 30 days from binding agreement date. If the closing is delayed for any reason, by you, as purchaser, or other parties working on your behalf, including any lender you provide-you may be declared in breach of the contract, forfeit all deposits made, and could be additionally liable for any and all cost incurred by the seller and Brewer Land Auctions LLC in a subsequent resale of the property.
Agency Disclosure:
Brewer Land Auctions is acting as an agent for the seller and at no time as a buyer’s agent. Brewer Land Auctions reserves the right to remove, cancel bids, bidding rights, that are determined not to be in the best interest of the seller. At auctions with reserve, the seller and/or auctioneer reserves the right to bid on the Seller’s behalf. On all auctions, auctioneer reserves the right to bid on auctioneer’s behalf when permitted by law.
Disclaimer:
All information contained herein is believed to be correct to the best of the auctioneers’ knowledge. All information is being furnished to bidders solely for their convenience. Bidders should always conduct their own inspections prior to bidding. The property is being sold “AS IS” with any and all faults. Please review all provided materials and seek appropriate assistance.
Technology Disruptions:
Auctioneer will not be responsible for technology disruptions, errors, or failures (including
disruptions to bidding or the failure to execute, recognize, or record online bids), whether
caused by (i) loss of connectivity, breakdown, disruption, or failure of the Online Auction
Platform, (ii) breakdown, disruption, or failure of a Bidder's internet connection, computer, or
system, or (iii) otherwise. Auctioneer may, but will not be required to, continue, suspend, delay,
extend, reschedule, or close the Auction because of disruptions caused by technology failures,
even after bidding has commenced.
Failures by Online Auction Platform Provider and its Affiliates or Contractors:
Auctioneer may use an Online Auction Platform Provider to facilitate the Auction. Under no
circumstances will Auctioneer be liable for any failure of the Online Auction Platform Provider
to perform all or any of its obligations, or for the failure of any affiliates, employees, agents,
representatives, or contractors of the Online Auction Platform Provider to perform their
obligations.
Disclosure:
As detailed in Rule 55-10-.01(3) of the Georgia Auctioneers Commission: Any auctions sale is without requirement of announcement at any time, presumed to be with reserve unless the property are in explicit terms put up at absolute auction. Accorder to Rule 55-10-.01(4)(b) Brewer Land Auctions and our sellers hereby give notice that bids may be made by the seller or upon the Sellers’s behalf, at any auction with reserve.
United States