Multi-Seller Real Estate Auction
Thursday, May 23, 6:00 P.M.
 
 
 


 
John Dixon & Associates is pleased to announce its Multi-Seller Real Estate Auctions. 100± properties in 7 states, 57± offerings, two auctions two days. Alabama, Florida, Georgia, North Carolina, Tennessee and Virginia.
 
Commercial properties - industrial tract, commercial buildings, office pads, convenience store, historic/office property, pad-ready retail tract; Homes – ocean front condominium, single family residence; Land – equestrian farm with single family residence, residential land, commercial land, recreational/hunting land, horse farm, agricultural land; Lots – residential, canal front, lake, commercial. 
 
Have property to sell in our next Multi-Seller auction
 
 

 

MULTI-SELLER REAL ESTATE AUCTION
THURSDAY, MAY 23, 6:00 P.M.
2 OFFERINGS
SALE SITE: ON THE PROPERTY
102 & 118 SOUTH CHERRY STREET
WINSTON-SALEM, NC 27101
 
 

PROPERTY 3201 A

118 South Cherry Street, Winston-Salem, NC 27101

PHOTOGRAPH

Subdivision Name:

Downtown Winston-Salem Business District

190523_3201 A
 

 

 WE WILL OFFER 3201 A & 3201 B INDIVIDUALLY AND THEN OFFER THEM COMBINED AS A WHOLE.

County:

Forsyth

Property Type:

Commercial Property - Zoned LO

Acreage:

0.34±

Lot Number(s):

n/a

Bedrooms/Bath:

3/2

Square Feet:

5,129±

Year Built:

1890; 1983

Tax ID:

6835-15-6289

Open House/

Inspection Date:

Wednesday, May 22 From 11 A.M. to 1 P.M.
Thursday, May 23 From 11 A.M. to 1 P.M. and 4 P.M. Until Sale Time

Listing Agent:

Todd Peebles

Listing Agent Company:

Leonard, Ryden, Burr Real Estate

DOWNLOADS

 

PROPERTY INFORMATION

 
 
 

Listing Agent Number:

336.416.3155

Listing Agent Email:

Todd.Peebles@goLRB.com

PROPERTY 3201 B

102 South Cherry Street, Winston-Salem, NC 27101

PHOTOGRAPH

Subdivision Name:

Downtown Winston-Salem Business District

190523_3201 B
 

 

 WE WILL OFFER 3201 A & 3201 B INDIVIDUALLY AND THEN OFFER THEM COMBINED AS A WHOLE.

County:

Forsyth

Property Type:

Commercial Property with Parking Lot - Zoned LO

Acreage:

0.96±

Lot Number(s):

n/a

Bedrooms/Bath:

7/2

Square Feet:

3,753±

Year Built:

1884; 1962

Tax ID:

6835-15-6438, 6835-15-6349, 6835-15-5455

Open House/

Inspection Date:

Wednesday, May 22 From 11 A.M. to 1 P.M.
Thursday, May 23 From 11 A.M. to 1 P.M. and 4 P.M. Until Sale Time

Listing Agent:

Todd Peebles

Listing Agent Company:

Leonard, Ryden, Burr Real Estate

DOWNLOADS

 

PROPERTY INFORMATION

 
 
 

Listing Agent Number:

336.416.3155

Listing Agent Email:

Todd.Peebles@goLRB.com

 

Auction Terms & Conditions

AUCTION DATES & LOCATIONS: SALE 1: Wednesday, May 22 at 2:00 p.m. Properties will be sold at 995 Roswell Street, Marietta, GA 30062. SALE 2: Thursday, May 23 at 6:00 p.m. Properties will be sold on site at 102 & 118 South Cherry Street, Winston-Salem, NC 27101.

INSPECTION: Contact listing agent to view property or where no agent is listed contact auctioneer. Please note many of these properties are occupied and inside inspections may not be possible.

TERMS FOR LIVE BIDDING: Properties selling for a total purchase price (calculated by adding the high bid amount plus the buyer’s premium) of $100,000 or less will pay the greater of $2,500 or 20% down of the purchase price with one exception: If the high bid is less than $2,500, the entire purchase price will be due at the auction. Properties selling for a total purchase price of $100,001 to $200,000 will pay 15% down of the purchase price at the auction. Properties selling for $200,001 or greater will pay 10% down of the purchase price at the auction. Any purchase price balance will be paid in full at closing on or before thirty (30) days from the binding agreement date. Down payment can be in the form of cash, certified funds or personal/business check. A copy of the sale contract may be reviewed prior to the auction by contacting the auctioneer.

TERMS FOR ONLINE BIDDING: The online registration will need to be completed, including credit card information which will be verified and approved, and the credit card will be charged $1.00 for this process. If you are the successful bidder and do not deliver the earnest money as outlined in the terms for live bidding which must be certified funds or wire transfer within 24 hours upon receipt of contract, a charge of $5,000 will be placed on the account. The card is for verification purposes to ensure we have serious bidders. Any purchase price balance will be paid in full at closing on or before thirty (30) days from the binding agreement date. The successful online bidder will be notified immediately following the closing of the auction and issued the purchase contract. The executed contract shall be submitted per the instructions received with the contract. If you have any questions, please call our office at 800.479.1763.

BUYER'S PREMIUM: A 10% buyer's premium will be added to the high bid. Example: For each $10,000, a 10% buyer's premium of $1,000 will be added to arrive at the total purchase price of $11,000.

AUCTIONEER’S AUTHORITY: The auctioneer shall make the sole and final decision as to the winning high bid amount. Acceptance by the online bidding platform does not necessarily constitute an accepted bid by the auctioneer.

AGENCY: John Dixon & Associates, auctioneer/broker, is acting exclusively as agent for the seller.

CLOSING ATTORNEYS: Contact auctioneer for closing attorney details. Purchaser will pay all closing costs, including, but not limited to, deed preparation and attorneys fees to prepare such deed recording fees, HOA/POA account statement or clearance letter fee, title examination, transfer tax and purchaser’s legal fees. Taxes and HOA/POA fees will be prorated as of date of closing. Title insurance may be required at the purchaser’s expense. For questions regarding closings or contracts, contact Danielle Foreman, Closing Coordinator at 770.425.1141 or closing@johndixon.com.

BROKER PARTICIPATION: A 2% commission of the high bid, before adding buyer’s premium, will be paid to any qualified licensed real estate broker in the state where the property is located whose prospect is the successful bidder at the auction and closes on the property. To qualify for a commission, the broker must first register the prospect by email or fax the prospect’s name and address on John Dixon & Associates’ broker registration form. The registration must include the signature of the prospective purchaser, the signature of the broker and the broker’s real estate license number. The registration must be received at 200 Cobb Parkway North, Suite 120, Marietta, GA 30062-3585, Attention: Danielle Foreman at closing@johndixon.com, no later than 4:00 p.m. eastern time on the business day preceding the auction.  Broker registration may be faxed to 770.425.4413. UNDER NO CIRCUMSTANCES WILL BROKER REGISTRATION BE ALLOWED ON THE DAY OF THE AUCTION. In addition, to qualify for a commission, the broker must attend the auction with the prospect. Commissions will be paid only if property closes. A commission on a property will be paid only to the first broker registering a prospect.

 
SPECIAL NOTE: Property is selling "as-is, where-is" with all faults and is selling subject to easements, leases, restrictions, covenants, conditions, zoning HOA and POA fees and all other matters which would be revealed by a current survey or an inspection of the property or which is contained in public records. Seller reserves the right to add or delete property, reject any bid unless selling absolute and/or cancel the sale. Contact auctioneer for deed type on individual properties. Information contained herein was obtained from sources deemed reliable. The seller and their agents reserve the right to place bids on the property up to the seller’s reserve unless selling absolute at their sole discretion. The property will sell "as-is, where-is" with no warranty, expressed or implied, as to improvements, soil condition,  environmental and wetlands, or zoning. No personal property conveyed with real estate unless denoted in contract. Neither the seller, John Dixon & Associates nor their agents will be responsible for any errors or omissions herein. Bidders should carefully verify all information and make their own decisions as to the accuracy thereof before submitting their bid. Purchaser or purchaser’s representative will acknowledge by signature of the Contract of Sale they have inspected the property. The terms of the Contract of Sale are controlling in the event of any perceived inconsistency between its terms and any statements in this brochure or other advertisement. Announcements made at the auction will take precedence over written matters. 
 
In Association with Pierce Auction Service and Real Estate, Inc.
GAL: 2034, FL: AB-1488, NCFL: 6397, AL: 1481, TN: 3945, VA: 2908 000490
 
Accredited Auctioneer Real Estate aNAA Education Institute Auctioneers Association of North Carolina CCIM Institute Florida Auctioneers Association Georgia Auctioneers Association National Auctioneers Association Realtor.com
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