Multi Property Online Real Estate Auction

Bidding Closes June 23rd at 2PM

Residential, Land & Commercial!

OPEN HOUSE FOR: 615 Lokchopee Ridge, Macon, GA
Wednesday, June 16th 4:30 - 6:30PM and Saturday, June 19th 11:00 - 2:00PM

This auction will be an Online Only auction. The bidding will begin closing on June 23rd at 2PM.

Please Note: Descriptions, Acreage, Aerials & Pictures etc.. may be derived from tax assessors records on file. Please be sure to conduct your own due diligence to verify all information provided. Receiver reserves the right to add or delete any properties at anytime prior to the close of the auction.

All Properties Sold Subject to Sellers Approval.

10% Buyers Premium on all Properties.

10% Down Payment with a $500.00 minimum

Buyer pays closing costs.

Thank you for registering to bid in the Real Estate Auction. Below is a snap shop of the terms for the sale. You can go to our website at www.brecobenton.com to view the complete terms. Please note that all our online auctions have an auto extend feature. This auction will use our extend one, extend all feature. If any lot is bid on within the last 5 minutes the auction for all the properties will extend an additional 5 minutes. This will continue until there are no bids made within a 5 minute period. We encourage you to NOT wait until the last minutes to start placing your bids. Get them in early. See below for further details on extend times and bidding options.

Auction End Times & Extend All Feature: This auction is a timed event with a 5 minute auto extend feature. For example, if the auction is scheduled to begin closing at 2:00 PM and someone places a bid at 1:59, the system will auto extend, ALL PROPERTIES, 3 minutes to allow the previous bidders time to bid again. The auto extend feature remains active until no further bids are received within a 3 minute time frame. ALL PROPERTIES IN THIS SALE EXTEND IF ANY ONE IS EXTENDED.

BUYERS FEE: A 10% Buyer Fee will be added to your final bid resulting in the final purchase price. Example: if the final bid on the property is $100,000.00, add the 10% buyers fee of $10,000.00 in this case, for a total purchase price of $110,000.00

ALL PROPERTIES SOLD SUBJECT TO SELLER APPROVAL: Please note that all bids will have to be approved by the seller. Although some may be confirmed that day, other may take additional time to receive approval.

CONTRACTS: Once all lots have closed, our office will begin preparing the Sales Purchase Contract to send to you for your signature. Please allow us 24 hours to get the contract sent to you. Once you receive the contract, we ask that you return it within 24 hours so that we can provide them to the receiver to get confirmation from the court.

DOWN PAYMENT: 10% Down Payment (with a $500.00 minimum). Deposit Due within 48 hours with the balance due within 30 days.

CLOSING COST: Seller will be responsible for the cost of preparing the deed. All other cost incurred for the closing will be paid by the buyer.

CLOSING AGENT/LOCATION: To Be Announced

SPECIAL NOTES:

All properties are sold “As Is, Where Is” with no warranties expressed or implied as to current or future use of property.
Failure of any bidder to inspect or to be fully informed as to the condition of the properties will not constitute grounds for any claim or demand for adjustment or withdrawal of any contract signed by the bidder.
At the conclusion of bidding, the successful bidder will be emailed a Sale/Purchase contract and will be required to return a signed copy within 24 hours.
No conditions may be added to the agreement by the buyer.

Please note that you may need to refresh your screen during the last minutes of the auction to ensure the most accurate information.

POSSESSION: Purchaser shall receive possession of the property at the time of closing. There will be no exceptions to this condition

TITLE INSURANCE: Title Exam & Insurance will be the buyer’s expense

TAXES: Taxes will be prorated to the day of closing (if applicable)

TRANSFER TAX: Transfer tax to be paid by the buyer (if applicable)

RENTS/INCOMES: Any Rents or Income will be prorated to the day of closing (if applicable)

Survey: Properties will be sold by the existing plats of record recorded in the county where the property is located. If there is no plat of record or legal description and the property requires a survey, the cost of the survey will be at the buyer’s expense. Please do your own due diligence prior to bidding.

SERVER SOFTWARE TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Breco Benton Auction reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE nor Breco Benton Auction SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to the email address provided in your registration with updated information as deemed necessary by Breco Benton Auction.

TERMS: 10% of the final bid price as non refundable earnest money in the form of a certified check, cash or wire transfer within 48 hour of the close of auction, with the balance of purchase price due at closing. Purchaser shall be responsible for all wire transfer fees and any currency exchange fees to US dollars. Closing will be as specified in the Contract for Sale of Real Estate. This online only auction is a CASH SALE not contingent on or subject to financing, appraisal, survey or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Contract for Sale of Real Estate

Bidding Increments:
100 - 1000 = 50
1000 - 5000 = 100
5000 - 10000 = 250
10000 - 25000 = 500
25000 - 50000 = 1000
50000 - 200000 = 2500
200000+... = 5000
increments may be subject to change at the auctioneers discretion.

Please do you own due diligence before bidding. If you are unsure about what you are bidding on, Do Not Bid!

Breco Benton Auction LLC
266 W. Washington St.
Madison, GA 30650
Jack Bone - 706-342-3355
Bo Benton - 478-744-0027