Classic Auctions - A Full Service Auction Company

201 South Central Ave. PO Box 874
Locust, NC 28097
Phone 704-888-1647 | Fax 704-888-0063


ABSOLUTE AUCTION of REAL ESTATE
800+/- SqFt House & Adjoining Lot
Monday, August 2nd, 2010 at 10am

Location and Map:
1903 South Elm Street - High Point, NC 27260
&
202 Montsinger - High Point, NC 27260



For info, please Call Alan Fisher at 704-254-4176
ncal4471/ncal184698/ncaf5479/ncrelC19000

Auction will be Held at 1903 S. Elm St.

1903 S. Elm St. High Point, NC: 2 Bedroom House on .3± Acre (needs work)

and

202 Motsinger High Point, NC: .3± Acre Adjoining the Back Yard
of 1903 S. Elm St.

These Properties will be sold as one Unit.

Will Sell Regardless of High Bid.

General Terms & Announcements
Sale of Real Property

    The sale is subject to confirmation by the sellers who are here today.
    This sale is not subject to confirmation by a court and will not be left open for upset bids. We specifically reserve the right to reject any and all bids.
    The subject properties are being purchased “As Is” and Where Is”
    The improvements located on the property may contain lead based paints, mold, asbestos, termites and/or subsurface oil or gasoline tanks, and the Buyer has been advised of the possible presence of any and all of these matters and if the successful bidder, the Buyer shall purchase the subject real property and improvements understanding the responsibility for the existence and remediation of these matters are being transferred to and will hereafter be the responsibility of the Buyer upon the execution of an Offer to Purchase and Contract. Seller has no knowledge of any existing environmental issues on the property, and Buyer purchases the property as is with the assumption of any responsibility for compliance with environmental regulations
.
    The property is being offered for sale for cash. The Buyer will be required to deposit $5,000.00 (Five Thousand Dollars) non-refundable funds upon acceptance of the high bid. Ten (10%) Percent of the purchase price is due within 10 Business days of Auction and the balance of the purchase price will be due within 30 days from today. The property is being sold in it’s present condition.

    The seller will be responsible for the payment of the 2010 ad valorem taxes up to the date of closing. The purchaser will assume the balance of the 2010ad valorem taxes due. Chris Burris as Executor for the Estate of Rhonda June Helms Burris are offering to sell and convey all of their right, title and interest in and to this property by a general warranty deed. The property is being sold subject to the conditions, restrictions, reservations and easements of record. The deed will be prepared by the attorney of the Sellers choosing and will be delivered to the Purchaser in exchange for the balance of the purchase price at closing, in the event this sale is approved. The seller will also pay for the necessary excise tax stamps to be affixed on the deed.

Real Estate Buyer Broker Participation Form
     

   
 

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Tony M. Furr
tonymfurr@gmail.com
Melvin Huneycutt
John Daniels
johnclassic3@gmail.com
 
Classic Auctions

201 South Central Ave. | PO Box 874 | Locust, NC 28097
Phone 1-704-888-1647 | Fax 704-888-0063