AUCTION TERMS & CONDITONS: REAL ESTATE This auction is for Beaufort County Parcel #R400 040 00B 0152 0000. Please review property description in full prior to bidding. The auction will be held online through Wednesday, August 26th, 2020 at 12:00 PM. 1. Property Inspection & Disclaimer: It is the Purchaser's sole responsibility to perform his own due diligence, including verification of all property information and public records. Information presented herein and in any advertisement or other promotional items, while gathered from sources believed to be reliable, are not warranted or guaranteed by Auctioneer T, Randolph Ligon, nor the seller. Personal inspection and verification of any and all items is the responsibility of the bidder. The property is offered "AS IS" and no warranty or guarantee of value, condition, suitability or fitness for a particular use or purpose is expressed or implied. By placing a bid, Bidder waives all rights to further inspections, including lead based paint inspections. 2. Property Disclosure: The property is selling subject to the rights-of-way, restrictions, and easements of record, if applicable. See the Property Information Package for further disclosures. 3. Bidder Registration: While there is no obligation to bid, you must register to bid, by with proper credentials. 4. Buyer's Premium: A ten percent (10%) Buyer's Premium will be added to the final bid price and included in the total contract price. Buyer's Premium does not imply an agency relationship between Auctioneer and Bidder/Buyer. 5. Reserves: This property will sell to the high bidder at or above a bid of $20,000 (twenty thousand dollars) In order to win the Auction a bidder must meet or exceed a bid of $20,000 and have the highest bid. If no bidders meet a bid of $20,000 then the seller is under no obligation to sell the property but may do so at their discretion. 6. Purchase Contract: Once the high bidder is determined, and the bidding is closed by the Auctioneer, the high bidder will be required to sign the Purchase Contract for the amount of the high bid plus the 10% Buyer's Premium which totals the contract price. Other documents may also require signature. 7. Deposit: In addition to signing the contract, the high bidder will be required to pay, in US funds, a down payment of 10% of the final contract price. All down payments are non-refundable and will be held in the auctioneers trust account. Down payments will be credited toward the purchase price at closing. Acceptable forms of payment are bank wire, cash or cashier's check. Personal or company checks may be accepted, at the discretion of the auctioneer. A bank letter of guarantee may be required for personal or company checks. Online bidders who fail to return the deposit and signed contract within 48 hours of the conclusion of the auction will have a $1,000.00 service fee charge to the credit card used at registration. 8. Contingencies: There are none. Bidder understands and agrees that the sale is not contingent upon financing, appraisals, further inspections, survey, third party approval, or the like. You are bidding to buy the property AS IS with NO CONTINGENCIES WHATSOEVER. 9. Environmental Disclaimer: The Seller and The Ligon Company, agents, contractors and employees do not warrant or covenant with Buyer(s) with respect to the existence or nonexistence of any pollutants, contaminants, mold, or hazardous waste prohibited by federal, state or local law or claims based thereon arising out of the actual or threatened discharge, release, disposal, seepage, migration or escape of such substances at, from or into the demised premises. Buyer is to rely upon their own environmental audit or examination of the premises. 10. Acreage and Square Feet: All acreages and square feet descriptions are approximate. If there is a discrepancy between The Ligon Company or its representative and the actual acreage and/or square feet as determined by a surveyor or appraiser, the price will not be adjusted. The statements, while not guaranteed, are from reliable sources. Any costs incurred in establishing boundaries shall be the responsibility of the buyer(s). Each sale is subject to easements, right-of-way, reservation and/or restrictions of record. 11. Closing: Closing will take place within 30 days. All closing costs will be paid by the Buyer, including title search, survey, deed preparation, documentary stamps, recording fees, attorney fees, etc. Property taxes will be prorated to the day of closing. Any required additional survey will be the responsibility of the Buyer. 12. Title Insurance, if desired, will be purchased by the Buyer. 13. Agency Disclosure: Auctioneer T, Randolph Ligon is acting exclusively as an agent for the Seller. The Auctioneer is not acting in any way as an agent for the Bidder/Buyer. Auctioneer is not a Dual Agent. 14. Equal Opportunity: All bidding is open to the public. The property is available to all qualified purchasers without regard to race, color, religion, familial status, national origin, or handicap/disability. 15. Miscellaneous: All decisions of the auctioneer are final as to methods of bidding, disputes among bidders, acceptable bidding increments and other matters that may arise before, during, or after the auction sale day announcements take precedence over any prior statements, printed material or advertising. 16. Broker Registration: Brokers/Agents must register their client by 5:00pm the business day before the auction via the Broker Registration Form. A 3% percent commission of the high bid price will be paid to any properly registered broker whose client purchases real estate at the auction and closes in full. It is the responsibility of any agent representing a client to have completed and returned the Broker Registration Form by the published deadline. No registration forms will be accepted at auction. Bidders Acknowledgement: I have received a copy of these terms and conditions understand them and agree to abide by them. I have received a copy of the agency disclosure brochure and understand that the auctioneer is the agent of the seller, and only the seller. I agree to the terms and conditions stated herein. Should I become the high bidder, I will sign the Purchase Contract and other documents as may be required. This document will become part of the non-contingent contract of sale to purchase the property described herein. BY REGISTERING FOR THIS AUCTION YOU HEREBY AGREE TO THE TERMS AND CONITIONS THEREIN Online Bidding Tips: Bidding Style is Soft Close: If a bid is placed on a lot during the last three minutes of bidding, the time will be extended by three minutes each time. **** If you are bidding at the close of the Auction, please make sure to select "LIVE CATALOG VIEW" to view the auction in real time. If you do not view the "LIVE CATALOG" at the conclusion of the Auction, you may need to manually refresh your computer screen. We recommend being signed into the Auction at least 15 minutes prior to closing, if you wish to bid during auction closing. **** You may also enter your "Maximum Bid" to have the computer bid on your behalf up to a set amount. Please contact our office at 803-366-3535 for assistance with Online Bidding.
Fripp Island Lot Selling at Auction / At or Above $20,000! Online Bidding Only through August 26th at Noon www.TheLigonCompany.com 99 Davis Love Dr, Fripp Island, SC. Amazing opportunity to own island real estate on the prestigious Fripp Island. Will sell to high bidder at or above $20,000, Previously offered at $89,000. Private gated resort community with two championship golf courses, full service marina, tennis courts, pool complexes, restaurants, miles of biking and walking trails and stunning wildlife. Lot is ready for your custom built, exclusive golf villa in popular Ocean Creek. Beautiful home site, backing up to Ocean Creek Golf Course near # 5 tee box and a very short golf cart ride to 3 1/2 miles of pristine beach. Property is 0.11 Acre Lot. Parcel #R400 040 00B 0152 0000 Broker participation offered. Randy Ligon, CAI, CES, BAS NC | SC Broker & Auctioneer The Ligon Company, Inc. | 727 Dilworth Lane, Ste 101 | PO Box 4815, Rock Hill, SC 29732 (803) 366-3535 Office (803) 323-8146 Mobile (803) 753-9280 Fax www.TheLigonCompany.com Commercial Investments | Brokerage | Auctions SCAL1716 o SCRL17640 o SCAFL4120 o NCAL8951 o NCRL183864 o NCAFL10066 o NCRFL28666 Directions: Take US-21 S, Continue to follow Sea Island Pkwy, Continue onto State Rd S-7-406/Tarpon Blvd, Continue to follow Tarpon Blvd, right onto Bonito Dr, left onto Ocean Creek Blvd, right onto Davis Love Dr, Destination will be on the left Online Bidding Tips: Bidding Style is Soft Close: Property will begin closing at 12 PM, If a bid is placed on a lot during the last three minutes of bidding, the time will be extended by three minutes each time. **** If you are bidding at the close of the Auction, please make sure to select "LIVE CATALOG VIEW" to view the auction in real time. If you do not view the "LIVE CATALOG" at the conclusion of the Auction, you may need to manually refresh your computer screen. We recommend being signed into the Auction at least 15 minutes prior to closing, if you wish to bid during auction closing. **** You may also enter your "Maximum Bid" to have the computer bid on your behalf up to a set amount. Please contact our office at 803-366-3535 for assistance with Online Bidding.