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Check VA, 24072

Investment Property for Sale at Auction in Check VA

Auction on 09/01/2022 @ 4:00 PM EST
Auction Type: online

Description

Investment Property for Sale at Auction in Check VA


Searching for your next investment opportunity? This property features a 1974 Barrington Mobile Home on +/- 1 acre of land. Home features 2 bedrooms and 2 full baths. There is a living room area that has been built onto the home. Home underwent many repairs and updates in 2015. Updates include: fresh paint, fully renovated kitchen, new doors, and a fully renovated master bathroom. The home needs minor repairs but has made a great rental investment in the past.

The home sits on a nice 1 acre lot. The lot has well and septic. There is a detached garage which is in good condition. The shed on the property would be great for wood or lawnmower storage. Enjoy the early mornings or late evenings on the back deck taking in the beautiful view. You could easily remove the current trailer and build your dream home, place a new mobile home, or keep the current home. Trailer would also make for a good rental income investment.

797 Kings Store Rd., Check, VA 24072
Online Auction Ending Thursday, September 1st at 4 PM

Online Bidding – Bidding is now active and runs through 4 PM on September 1st, 2022. SOFT CLOSE

Preview Date – Tuesday, August 16th at 4 PM

Directions –  From Floyd VA: Take Route 221 N to a left on Kings Store Rd. Property on right. Marked by sign.

Contact – Broker & Auctioneer Matt Gallimore at 540-239-2585 or email Gallimore.Matt@gmail.com; or contact Realtor Doug Weddle at 540-239-0757 or email DougWeddleRealtor@gmail.com

PRE-AUCTION SALES -  As an agent for the Seller, the Auctioneer must present any and all bona fide written offers to the Seller, which may be created outside of the online bidding platform.  Therefore, all properties are subject to pre-auction sales. Pre-auction offers must meet all of the auction terms and conditions and must be submitted to the Auctioneer on the Auction Real Estate Sales Contract, along with the required earnest deposit. Properly submitted offers will be presented to the Seller in a timely manner.  Seller may accept or reject such offer at their sole and absolute discretion.  When a pre-auction offer is submitted, all properly registered online bidders will be notified that “an offer” has been submitted and on which specific property, however the amount of the offer shall remain confidential. All pre-auction offers must allow a minimum of 24 hours for seller’s acceptance.  A Buyer’s Broker Fee of (2%) is offered on any pre-auction offers that are properly completed and submitted on the appropriate forms provided by the auction company.

SOFT CLOSE: If a bid is received within the last 3 minutes of the auction, the auction close time will automatically extend 2 minutes to allow other bidders an opportunity to competitively bid prior to the auction closing. This feature eliminates "snipers" and encourages fair and impartial bidding from all participants.

BUYER’S PREMIUM – TEN PERCENT (10%): Buyer’s Premium shall be added to the final bid price place online, which will determine the Total Contract Sales Price. Bidders hereby understand that the Buyer’s Premium shall be added to the winning bid to create the Total Contract Sales Price for which they are obligated to pay for the property. Example: (winning online bid $100,000 + 10% buyer’s premium = total purchase price of $110,000).

TERMS AND CONDITIONS - 10% Buyer’s Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $5,000 required on day of sale (September 1st, 2022). Close on or before October 17th,  2022. Subject to seller confirmation.  Property sold as is, where is, with any and all faults. Buyer is expected to complete their own due diligence. Auction starts ending at 4 PM on September 1st, 2022. Seller is a licensed Realtor in Virginia. Please note that during the last two minutes of bidding, if a new bid is placed, the clock is automatically extended an additional two minutes. Download Bidder Information Pack for complete terms and conditions, purchase contract and maps.