Terms and Conditions of Auction

Terms: 10% non refundable down auction day certified check, cash, or wired funds will be accepted as payment. All expenses to wire funds will be at the Buyers expense. Balance due at closing.
Buyers Premium: A 10% non refundable buyer’s premium will be added to the high bid to determine the purchase price of the property.
Agent for the Seller: Progressive Auction and Real Estate Co., LLC is acting as the agent for the seller.
Additional Conditions:
There are no minimum starting bids required for the property; however, Seller reserves the right to accept or reject all offers on the property. The auction shall be recorded, and if any disputes arise following the auction, the Auctioneer’s recorded records will be final in all aspects.Bidders are invited and encouraged to inspect property as to any structural, hazardous, asbestos, or environmental conditions relating thereto prior to submitting a bid. The bidder gives up rights to inspections once his/her bid is submitted. Bidders are advised that houses built prior to 1978 may contain lead based paint. The auctioneer will assist bidders in obtaining any such authorizations that may be required in order to carry out any such inspections prior to submitting a bid. Bidders shall be deemed to have relied solely on their own judgment in assessing the overall condition of all or any part of the property. The Auctioneer or his representatives, Sellers, and his/her representatives are offering this property, AS IS, WHERE IS and HOW IS condition with all faults, without any warranty expressed or implied, of any kind or character, including without limitations, any warranty of habitability or fitness for a particular purpose. The Auctioneer makes no representation as to whether any parcel is classified as a buildable site. Seller and the Auctioneer and their agents shall not be liable for any damages, whether actual or direct or incidental, including without limitation, damages for loss of use or loss of income occurring by reason of condition of such property. Taxes, sizes and square footage set forth for the property are approximations only, based on best information available, but actual taxes, sizes and square footage may be different.The Seller and Auctioneer have the right to withdraw the property, postpone or cancel the auction at their sole discretion without notice and to modify or add any terms and conditions either prior to or at the auction.Persons buying in the Name of Trust, Partnerships, Corporations, or with a Power of Attorney must have the authorizing documents examined prior to the auction by a representative designated by the Seller.Closing will be conducted by the Purchaser’s attorney and all costs legally chargeable to the Purchaser will be paid by the Purchaser.This property is being offered for sale to purchasers without regard to prospective race, color, religion, sex, marital status, or national origin.
PROPERTIES MAY BE ADDED OR DELETED UNTIL THE TIME OF SALE. All information was obtained from sources deemed reliable. The Auctioneer and his agents will not be responsible for any errors or omissions herein. Oral representations cannot be relied upon as correct. However, announcements made on sale day take precedence over written matter. Conduct of the auction and increments of the sale shall be at the sole discretion of the Auctioneer.
Signature__________________________________________ DATE _______________________________
Address______________________________________ City ________________________________ State___________

 

This is a very nice brick home w/ 3 bedrms, 1 bath, kitchen, dining rm, living rm, and carport.  The windows, kitchen cabinets, and counter top has been replaced.  There are three sheds in the back yard as well as a hot house framing.  The home is sitting on 4 +- ac of land off road right outside of Exmore Va.  The home has central HVAC and is on septic system.  The roof seems to be in very good condition.  There are 2 wells on the property, one in the front yard in front of the house and one between the two of the sheds. 
There is enough land involved in this sale so it may be able to subdivided and build more homes on this land.  The extra land has been farmed in the past.  There are also fruit and nut trees on the property.  The land currently is divided into two 2 ac parcels, 0000015, and 0000016.  There is a deeded right of way lane back to the property from the road.
This property can be purchased prior to the auction date by following the following information provided below.  Make sure you read and understand the forms and terms and conditions below prior to submitting your bid offer. Phone: 757-478-9630

Pre Bid Instructions
 

1. By signing the pre bid form you are entering into a legal binding contract provided your bid be accepted.
2. The Sellers can either accept, counter, and or reject your bid offer.
3. If the Seller accepts your bid or there is a negotiation process that is finally accepted, you as the Buyer will be required to complete a legal binding

contract and submit a 10% deposit by wire transfer to an account set up
by Progressive Auction and Real Estate Co. LLC. The funds will remain
in the escrow account until such time, the property closes. Once the property
closes the auction co. will transfer the funds into their account as payment
of the Buyer Premium as referenced in the terms and conditions as well as
in the contract.

1. The buyer is required to close within thirty ( 30 ) days from the date of the contract.
2. The property is being sold in a AS IS, WHERE IS, and HOW IS

condition.

1. If you have any questions feel free to contact the auction company prior

to submitting a bid.

1. Once the contract has been signed by all parties a copy will be sent back to

you for your records.

1. Make sure you provide the name of the closing company, name of the person

handling the closing, their phone number, and their email address.
There is a space provided on page two of the contract for this information.

1. The Auction Co. will send a copy of the contract to the closing company with instructions.

2150 Armada Dr. Chesapeake, Virginia 23321
757-478-9630
www.progressiveauctionsva.com
auctionsbyjoe@cox.net
Va. Firm Lic. 2908000809 N.C. 8527
REAL ESTATE SEALED BID FORM
Property Address:________________________________________________
City, State:______________________________________________________

I/We__________________________________________________________________
Address________________________________________________________________
PhoneNumber__________________ Email___________________________________
Property Address________________________________________________________
I/We are hereby submitting a bid of $_______________for the above listed property. I/We also agree to abide by the Terms and Conditions for this property as listed on our Company website. Provided the bid is accepted or another amount has been agreed to by the parties (Buyer’s/Sell’s), a 10% deposit will be submitted along with the auction sales contract within 48 hours of the acceptance of bid. The 10% deposit will be added to the bid price to determine the total sales price of the property. The 10% deposit will be held in the Auction Co.’s escrow account until the property closes.
By submitting a bid on the above property, you are hereby entering into a legal binding contract between you and the Auction Company/Seller (s) and hereby agree to live by and honor all terms and conditions set forth by the Auction Company. All deposits will be made out to the Auction Company and will be delivered to the Auction Co. within the agreed to time limits. All bids are to be submitted to the Auction Co. on this form provided at: progressiveauctionsva.com
All bids will be submitted to the Seller (s) as they come in for consideration. The Seller (s) has the right to accept, reject, or to negotiate an acceptable price with the bidder. If your bid is accepted and you fail to close within the time limits as outlined in the Terms and Conditions your deposit is non-refundable and you will be subject to fulfilling the obligations as outlined in the Terms and Conditions. You must be at least 18 years of age or older and have the full authority to bid on the property as solely or as a representative of the bidding entity.
Progressive Auction Company is the exclusive representative of the Seller’s in the sale of this property.
I Terms and Conditions of Auction

Terms: 10% non refundable down auction day certified check, cash, or wired funds will be accepted as payment. All expenses to wire funds will be at the Buyers expense. Balance due at closing.
Buyers Premium: A 10% non refundable buyer’s premium will be added to the high bid to determine the purchase price of the property.
Agent for the Seller: Progressive Auction and Real Estate Co., LLC is acting as the agent for the seller.
Additional Conditions:

1. There are no minimum starting bids required for the property; however, Seller reserves the right to accept or reject all offers on the property. The auction shall be recorded, and if any disputes arise following the auction, the Auctioneer’s recorded records will be final in all aspects.
2. Bidders are invited and encouraged to inspect property as to any structural, hazardous, asbestos, or environmental conditions relating thereto prior to submitting a bid. The bidder gives up rights to inspections once his/her bid is submitted. Bidders are advised that houses built prior to 1978 may contain lead based paint. The auctioneer will assist bidders in obtaining any such authorizations that may be required in order to carry out any such inspections prior to submitting a bid. Bidders shall be deemed to have relied solely on their own judgment in assessing the overall condition of all or any part of the property. The Auctioneer or his representatives, Sellers, and his/her representatives are offering this property, AS IS, WHERE IS and HOW IS condition with all faults, without any warranty expressed or implied, of any kind or character, including without limitations, any warranty of habitability or fitness for a particular purpose. The Auctioneer makes no representation as to whether any parcel is classified as a buildable site. Seller and the Auctioneer and their agents shall not be liable for any damages, whether actual or direct or incidental, including without limitation, damages for loss of use or loss of income occurring by reason of condition of such property.
3. Taxes, sizes and square footage set forth for the property are approximations only, based on best information available, but actual taxes, sizes and square footage may be different.
4. The Seller and Auctioneer have the right to withdraw the property, postpone or cancel the auction at their sole discretion without notice and to modify or add any terms and conditions either prior to or at the auction.
5. Persons buying in the Name of Trust, Partnerships, Corporations, or with a Power of Attorney must have the authorizing documents examined prior to the auction by a representative designated by the Seller.
6. Closing will be conducted by the Purchaser’s attorney and all costs legally chargeable to the Purchaser will be paid by the Purchaser.
7. This property is being offered for sale to purchasers without regard to prospective race, color, religion, sex, marital status, or national origin.

PROPERTIES MAY BE ADDED OR DELETED UNTIL THE TIME OF SALE. All information was obtained from sources deemed reliable. The Auctioneer and his agents will not be responsible for any errors or omissions herein. Oral representations cannot be relied upon as correct. However, announcements made on sale day take precedence over written matter. Conduct of the auction and increments of the sale shall be at the sole discretion of the Auctioneer.
Signature__________________________________________ DATE _______________________________
Address______________________________________ City ________________________________ State___________











 

Web Site: www.progressiveauctionsva.com
ALL AUCTIONS ARE WITH RESERVE UNLESS SO NOTED IN THE ADVERTISEMENT AND REFERENCED IN THE CONTRACT


Terms: 10% nonrefundable down payment prior to or on auction day certified check, cash or wire transfer will be accepted as down payment. Balance due at closing.
Buyers’ Premium: A 10% nonrefundable buyer’s premium will be added to the high bid to determine the purchase price of the property. Agent for the Seller: Progressive Auction and Real Estate Co., LLC is acting as the agent for the seller.
Additional Conditions:

1. There are no minimum starting bids required for the property; however, Seller reserves the right to accept or reject all offers on the property. The auction shall be recorded, and if any disputes arise following the auction, the Auctioneer’s recorded records will be final in all aspects.
2. Bidders are invited and encouraged to inspect property as to any structural, hazardous, asbestos, or environmental conditions relating thereto prior to submitting a bid. The bidder gives up rights to inspections once his/her bid is submitted. Bidders are advised that houses built prior to 1978 may contain lead-based paint. The auctioneer will assist bidders in obtaining any such authorizations that may be required in order to carry out any such inspections prior to submitting a bid. Bidders shall be deemed to have relied solely on their own judgment in assessing the overall condition of all or any part of the property. The Auctioneer or his representatives, Sellers, and his/her representatives are offering this property, AS IS, WHERE IS and HOW IS condition with all faults, without any warranty expressed or implied, of any kind or character, including without limitations, any warranty of habitability or fitness for a particular purpose. The Auctioneer makes no representation as to whether any parcel is classified as a buildable site. Seller and the Auctioneer and their agents shall not be liable for any damages, whether actual or direct or incidental, including without limitation, damages for loss of use or loss of income occurring by reason of condition of such property.
3. Commercial properties being purchased under these terms will be subject to these terms where appropriate and will not be subject to any required permits or licenses required or any other particular requirement to open or operate any type of business. The commercial property is also being sold in a as is, where is, and how is condition including but not limited to use for a particular purpose.
4. Taxes, sizes and square footage set forth for the property are approximations only, based on best information available, but actual taxes, sizes and square footage may be different.
5. The Seller and Auctioneer have the right to withdraw the property, postpone or cancel the auction at their sole discretion without notice and to modify or add any terms and conditions either prior to or at the auction. The Seller has the right to accept or reject any and all offers in reference to the listed property in this auction sale.
6. Persons buying in the Name of Trust, Partnerships, Corporations, or with a Power of Attorney must have the authorizing documents examined prior to the auction by a representative designated by the Seller.
7. Closing will be conducted by the Purchaser’s attorney and all costs legally chargeable to the Purchaser will be paid by the Purchaser.
8. This property is being offered for sale to purchasers without regard to prospective race, color, religion, sex, marital status, or national origin.

PROPERTIES MAY BE ADDED OR DELETED UNTIL THE TIME OF SALE
All information was obtained from sources deemed reliable. The Auctioneer and his agents will not be responsible for any errors or omissions herein. Oral representations cannot be relied upon as correct. However, announcements made on sale day take precedence over written matter. Conduct of the auction and increments of the sale shall be at the sole discretion of the Auctioneer.



Signature__________________________________________ DATE _______________________________
Address______________________________________ City ________________________________ State______________
Phone No .__________________________ Email _____________________________________________ Bid # ___________

ALL AUCTIONS ARE WITH RESERVE UNLESS SO NOTED AND ADVERTISED BY THIS COMPANY