Terms

REAL ESTATE AUCTION

These announcements supersede any prior oral or printed statements and will be attached to and become a part of the contract.

Winning bidder must sign a non-contingent contract and pay earnest money within 24 hours of auctions end.
The property will be sold by legal description and transferred by warranty deed.

A 10% buyer’s premium will be added to the winning bid to determine the final sales
price.

This auction features an auto-extension feature. This means if a bid is placed on the property in the final 5 minutes, the bidding window will extend back to 5 minutes on the property.

The terms are 10% down payment with the balance due within 45 days. 

Purchaser to receive possession of the property upon delivery of deed at closing.

Purchaser to pay closing cost and title insurance. Seller guarantees
title to be free and clear.

Ad Valorem taxes will be prorated at closing.

PROPERTY SOLD SUBJECT TO THE FOLLOWING: All outstanding easements of any kind on said property, including but not limited to, roads, right of ways, utilities, water lines, and the like; any mineral, oil and past conveyances, leases or reservations; to any cemeteries that might exist on the property, outstanding leases recorded or unrecorded; zoning ordinances affecting the property; restrictions of record; wet lands; all rules and regulations of any appropriated authority having jurisdiction over the property, and any recorded encroachments of record.

BUYERS NOTE: Prior to the auction all prospective purchases should examine the property and all surrounding documents carefully as each bidder is responsible for evaluating the property and shall not rely on the sellers nor the auctioneers. Sellers and Auctioneers are assuming that the bidders have inspected the property and are satisfied and accept it “As-Is” without warranties expressed or implied. Personal on-site inspection of the property is recommended. Failure of any bidder to inspect or to be fully informed as to the condition of all or any portion of the property offered, will not constitute any grounds for any claim or demand for adjustment or withdrawal of a bid, offer or earnest money after its opening
or tender.

All information was obtained from sources deemed reliable. Although every precaution has been taken to ensure accuracy, the sellers and all of their agents will not be responsible for any errors or omissions herein.

Default by the Seller: If the Sellers are unable to make conveyance and to give title as herein agreed, the earnest money shall be refunded to the buyer and all obligations of either party shall wholly cease.

Default by the Buyer: Should the Buyer default in the performance of his/her contract in the time and the manner specified, then the earnest money shall be retained as partial liquidated damages and the seller may sue for specific performance.

The Auctioneer reserves the right to reject bids from anyone who does not comply
with the terms and conditions of this auction.

AGENCY DISCLOSURE: Alexander P. Bourland has not been an agent for the Buyer in this transaction. Alexander P. Bourland has been an agent for the Seller in this transaction.

Second Chance! 467 Pawpaw Ln., Myrtle Beach, SC 29579

The initial purchaser was involved in a severe car accident and was not able to complete the purchase of the property. Our thoughts and prayers are with him and his family.

Property will sell with a bid equal to or above the starting bid price (plus buyers premium)!

Bidding Open April 7th - April 9th

Auction Starts Ending: April 9th at 1pm Eastern

Open House: April 8th from 10am-12pm

Proof of Funds: Proof of funds will be required to become a registered bidder. Proof of funds can be in the form of a pre-approval letter, bank statement, bank letter, or something similar. Proof of funds can be submitted to Alex@AuctionByPearce.com.

Earnest Money: A 10% earnest money deposit will be required from the successful purchaser within 24 hours of the auction ending with the balance due within 30 days. Earnest money deposit can be made by cashiers check or bank wire transfer. 

Agents/Brokers: Prior to your client placing a bid, please fill out and submit a completed Broker Participation Form. The form can be found under the documents tab below. Completed forms can be sent to Alex@AuctionByPearce.com.

For more information and pertinent documents, navigate to the "Documents" tab.

TO REGISTER FOR THE AUCTION:

(1) If you do not have an account, create an account: CREATE ACCOUNT HERE

(2) After creating your account, navigate back to this page and scroll to the properties below.

(3) Click the blue "Login" button in the bottom right hand corner of the properties. Use the credentials you just created.

(4) Click the blue button again, it will now say "Request Approval"

(5) Submit your Proof of Funds to Alex@AuctionByPearce.com

(6) Your account will be approved and you can register for the auction. You will be ready to place bids when the bidding opens on April 7th!

Questions: Contact Alex (SC BIC #119902/SCAL #4772) at 843-860-7141 or Alex@AuctionByPearce.com