Online Only Auction
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Date(s)
9/7/2024 - 9/8/2024
AUCTIONEER INFORMATION
Bidding Notice:

10% Buyer Premium will be added to the hammer price and is due at the completion of auction. Buyer Premium is non-refundable. Buyers must email proof of funds to auctions@lutherbros.com prior to the start of bidding or their registration may be declined. High bid is subject to meeting a reserve. This property has a reserve price. If the high bid at the conclusion of the auction does not meet the ... Show More


Information
Lot # 2
Group - Category Real Estate - Residential
Lead 7491 Stella Dr NE Leland NC 28451
Description
What a find! 3 Bedroom 2 Bath Doublewide Home on 3 Acre Lot with additional pad ready plot with existing 3 Bedroom Septic System and Permit. Property is being sold as-is. Vehicle on property does not convey. Preview available September 5th from 4pm-6pm with real estate agent on site.
Name Leland Real Estate Auction
Auctioneer
Type Online-Only Auction
Date(s) 9/7/2024 - 9/8/2024
Auction Date/Time Info
Bidding Closes Sunday September 8th @ 4pm
Preview Date/Time See Each Lots for preview availability
Checkout Date/Time Bidder must close with closing attorney within 15 days of auction completion
Location
Buyer Premium 10% Buyer's Premium
Description
Multiple Properties Available at Auction. All properties are being sold ''as-is'' sellers will make no repairs or concessions. Auction Bidding will begin Saturday September 7th and end Sunday September 8th Property Preview dates and times will be added to each lot as they become available.
Luther Bros Auction Co. LLC - Terms and Conditions (Real Property Auction) Welcome to our real estate auction. These Terms and Conditions govern your use of our auction services, including bidding on and purchasing items through our auction process and platform. By using our auction services, you agree to be bound by these Terms and Conditions. Registration to participate in our auction You must register and create an account on our online auction platform. During registration, you will be required to provide accurate and complete information. For Real Estate Auctions, out of area buyers must email proof of funds to auctions@lutherbros.com prior to the start of bidding or their bids may be declined. By registering for our auction, you represent and warrant that all information provided by you is accurate and complete. Agents are not allowed to bid online on behalf of any buyer. All bids must be placed by and under the registration of the actual buyer. Bidding All bids are final and binding. Bids cannot be retracted once placed. By placing a bid, you agree to pay the full amount of your bid, plus any applicable buyer's premium and other fees. We reserve the right to reject any bid at any time, for any reason. Terms are Cash only for these properties. Contracts will be created and must be executed within 24 hours of auction ending. Closing will be handled by Midtown Property Law in Wilmington NC. Winning bidder must pay any closing attorney fees associated with closing and must close within 15 days of the close of the auction. 10% Non-refundable deposit is due and payable to Luther Bros Auction Co. LLC at the completion of the auction. Deposit will be credited to the buyer at closing. If the buyer terminates the contract for any reason, the property will be relisted and the buyer will forfeit their non-refundable deposit. Buyer's Premium A buyer's premium of 10% will be added to the final bid price. The buyer's premium is non-refundable. For Example: If the winning bid is $100,000 then $10,000 will be added to the HUD price plus any traditional closing costs normally incurred by a buyer. In the above example the “contract price” would be $110,000 which is the aggregate of the final bid price plus the buyer’s premium Disputes In the event of any dispute between the buyer and seller, we will act as a neutral third party and will make a final determination on the dispute. Our decision will be final and binding. Liability We are not liable for any damage or injury incurred during the preview, bidding, or closing process. By participating in our auction, you assume all risks and liabilities associated with these processes. Modification We reserve the right to modify these Terms and Conditions at any time, without notice. Your continued use of our auction services after any modification constitutes your acceptance of the modified Terms and Conditions. Governing Law These Terms and Conditions shall be governed by and construed in accordance with the laws of North Carolina. Any legal action arising out of or in connection with these Terms and Conditions or our auction services shall be brought in the courts of New Hanover County (NC).
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 500.00 USD
Currency USD
Buyer Premium 10% Buyer's Premium
Payment Terms
Terms are Cash Only. Out of area buyers must email proof of funds to auctions@lutherbros.com prior to the start of bidding or their bids may be declined Contracts will be created and must be executed within 24 hours of auction ending. Closing will be handled by Midtown Property Law in Wilmington NC. Winning bidder must pay any closing attorney fees associated with closing and must close within 15 days of the close of the auction. 10% Non-refundable deposit is due and payable to Luther Bros Auction Co. LLC at the completion of the auction. Deposit will be credited to the buyer at closing. If the buyer terminates the contract for any reason, the property will be relisted and the buyer will forfeit their non-refundable deposit.
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