You must read the terms and conditions for this online auction. When you register to bid, you will be required to accept the terms and conditions, and will be required to honor all terms and conditions.

AGENCY: In the interest of full disclosure, the listing Broker hereby discloses a vested interest in the properties being sold. The listing Broker and all employees of Wester Auction & Realty, Inc. are acting as Agents for the Seller(s). We recommend that all Bidders contract with a "Buyer's Agent" to assist with the transactions.

PROPERTY CONDITION: Each property is offered free and clear of all liens and encumbrances.
Each property will be sold with a guaranteed transfer by General Warranty Deed.
All mineral and timber rights for property 3 (Harnett County) transfer with the sale.
The rights to any potential community redevelopment funds that may or may not be available for properties 1 & 2 (Lenoir County) transfer to the new owner at closing.
The properties are sold in AS IS condition, subject to governmental restrictions and current zoning.

EARNEST MONEY DEPOSIT: Each registered Bidder will be required to provide a credit card at registration. This card will be used to post a 5% NON-REFUNDABLE earnest money deposit on each property purchased by the successful bidder. This NON-REFUNDABLE deposit will be charged to the successful bidder's credit card immediately after all bidding has concluded. If the deposit is declined, the successful bidder will receive ONE telephone call to the number given at registration. The successful bidder will be required to give another card that will accept the deposit charge. If the successful bidder fails to answer or cannot provide an acceptable card, the sale will be voided and the property will be offered to the next highest Bidder. In the event the Seller cannot produce a deed with insurable title, the earnest money deposit will be refunded.

TIMING OF BIDS: This is a timed auction event. Bidding on the first property will close at approximately 8:00 PM on July 31, 2017. Any bid placed in the final 5 minutes on any property, will automatically extend the bidding on that property for 5 additional minutes from the time the bid was placed. This additional time will give all prospective Bidders the opportunity to bid again. All properties will sell individually and will not be combined in any manner. If you want properties 1 & 2 (Lenoir County), it is imperative that you stay alert on BOTH lots, and buy them individually.

PROPERTY INSPECTION(S): It is the exclusive responsibility of each Bidder to conduct inspections to determine the condition and feasible use for each property. Wester Auction & Realty, Inc. is not responsible for any missing or incorrect listing information. All information provided by Wester Auction & Realty, Inc. is done in good faith, but with NO GUARANTEE of accuracy or completeness.

CONTINGENCIES: These properties are NOT being offered subject to the Buyer's ability to obtain financing, the sale of another property, appraisal, survey or inspections of any kind. This is a CASH SALE with the balance due at closing.

SALES CONTRACT: The Buyer must complete and execute the sales contract, without any modifications and properly signed within 48-hours of the close of the auction. Failure to execute the contract properly may result in a voiding of the contract by the Seller, with NO REFUND of the earnest money deposit. The contract will be emailed to the Buyer within 2 hours after the conclusion of the bidding. The Buyer will be required to print the contract, execute the contract manually, and return the original, signed contract to Wester Auction & Realty, Inc.
Delivery shall be in person or by certified, overnight delivery service. Failure to deliver the executed contract to Wester Auction & Realty, Inc. within 48 hours after receipt by email, may result in the voiding of the contract by the Seller, with NO REFUND of the earnest money deposit.

CLOSING: The cash closing shall occur within 30 days of the contract execution date. If any party requires a delay of the closing, all parties must agree, IN WRITING, before the closing date will be changed. Seller's closing costs are limited to their portion of the prorated property tax, revenue stamps and the cost of deed preparation. All other closing costs are the responsibility of the Buyer.

PROPERTY CONDITION: All properties in this auction are selling "AS-IS, WHERE IS" with all faults, if any. It is the Buyer's responsibility to conduct all inspections prior to the end of the auction. The due diligence period ends at 5:00 PM on the day before the bidding is scheduled to end. Wester Auction & Realty, Inc. makes no representations or warranties, expressed or implied, concerning the property. Descriptions of the property are believed to be correct, but are not guaranteed. It is the Buyer's responsibility to inspect all aspects of the property before placing a bid. No sale shall be invalidated due to the Buyer's failure to conduct his/her own inspection(s) prior to placing a bid or doing his/her due diligence. It is automatically acknowledged by placing a bid that the Buyer has personally inspected the property, hired an Agent to inspect the property, or waived his/her right to inspect the property.

We are selling (2) commercial buildings in Lenoir County, NC and a 10 acre tract, ready for development, in Harnett County. I, Randy Wester, the listing broker have a financial interest in these properties, but will not be responsible for making the decision on whether to accept the final bid or not. That ill be left to my partner. We bought the commercial properties in Kinston several years ago with the intention of renovating them and leasing them out. My partner is in the construction business and was going to handle the remodeling. His workload on other projects has kept him away from this venture. Our goal is to get the buildings into the hands of someone that will do something with them. We have changed the auction.bidding procedure. There is no opening bid amount. The properties are NOT being offered ABSOLUTE. My partner will decide whether we accept the final high bid. WE DO NOT PLAN ON OWNING THESE BUILDINGS IN OCTOBER.