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Fixer Upper or Investment Property in Riner VA

Auction on 02/15/2023 @ 3:00 PM EST
Auction Type: online

Description

You have the opportunity to purchase a great investment property in Riner VA. This property features a 1,066 sq. ft. aluminum vinyl sided home on 2 acres. The home was built in 1952, has 3 bedrooms, 1.5 baths and is located just minutes from Auburn Schools and around 10 minutes from Christiansburg VA. There is a basement which is accessed from the outside of the home, The property has a small creek running through it and a bridge for access to the home. Buy this property as a fixer upper, rental investment home, or build your own dream home on the lot. 

Online Auction Ending Wednesday, February 15th @ 3 PM
1880 Rustic Ridge Rd, Riner VA 24149

Click Here for Interactive Map
Click Here for Bidder Pack

Online Bidding – Online bidding is now active and runs through 3 PM on Wednesday, February 15th, 2023. SOFT CLOSE.

Directions – From Christiansburg VA, Travel Rt. 8 towards Riner VA - Left on Rustic Ridge Rd after passing Auburn Schools and Shell Station - Home on Left – See sign.

Contact – Broker & Auctioneer Matt Gallimore at 540-239-2585 or email Gallimore.Matt@gmail.com; You can also contact Realtor Levi Cox at 540-230-7162 or email LeviCox87@gmail.com

SOFT CLOSE: If a bid is received within the last 2 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).

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 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.

Terms & 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 (February 15th 2023). Close on or before March 31st, 2023. 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 3 PM on February 15th 2023. 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.