Auction – 8.41 Acres on Edisto Island


This 8.41 acres is located on Edisto Island in Charleston County. The property consists of forest and marsh and is a short drive to Edisto Beach.

ONLINE BIDDING ONLY
Began: 10/28/14 at 8:00 AM EDT
Ended: 11/11/14 at 2:00 PM EDT

Own a little piece of the lowcounty lifestyle. This property is located very close to Edisto beach in Charleston County and is a mix of forest and marsh. Per Charleston County each tract has ½ acre of high ground to build your dream home on, put up your tent, or park your RV. Just minutes from Edisto with all its charm where else are you going to find this? Owner has moved to a different state and is very motivated to sell.  Please verify all information to the satisfaction of the buyer. Property might work for a conservation easement or wetlands mitigation.  2013 tax’s = $240.39

Two tracts totaling 8.41 acres with 5.49 acres on the NE side of Legare Rd and 2.92 acres on the SW side of Legare rd.

– 8044 and 8043 Legare Rd.

– Tax map #’s 0760000146 and 0760000101

 

This auction is in cooperation with Brooks Auction Services, LLC.

Online Auction Terms and Conditions

REGISTRATION: By registering and bidding, Bidder acknowledges that they have read and agrees to the terms and conditions of the auction. Bidder agrees to sign the contract of sale and other documents related to the transaction, pay the earnest money deposit, and close the transaction if they are determined to be the highest bidder. 

BIDDER VERIFICATION: The identity of all online bidders will be verified. A Visa or MasterCard is required to register. No charges will be made to your card unless you are determined to be the winning bidder, and you fail to execute the Contract of Sale and pay the required earnest money deposit. At the discretion of the Auctioneer, a penalty of $2500.00 will be charged to the credit card provided at registration if you fail to return the signed Contract of Sale and pay the required earnest money deposit within the required time period. Payment of the penalty shall not affect other remedies available to the seller for such failure.

ONLINE BIDDING: Bids may be placed before and during the “live” auction. Auctioneer is not responsible for malfunctions or system errors, which cause a bid or bidder to fail to be recognized or registered.

BUYERS PREMIUM:  A 10% buyer’s premium will be added to the high bid to determine the final contract price.  Seller pays deed stamps and deed preparation.  Buyer pays all other closing costs.  Taxes are prorated.  All sales are final with no contingencies.  Terms sale day govern.

 DOWN PAYMENT:  10% of the final contract price will be due immediately after being declared the winning bidder.  Personal checks will be accepted.

SETTLEMENT:  The balance will be due within 45 days.  If the successful bidder fails to close within the time specified, Seller shall have the right to terminate the Purchase Contract and retain the down payment as liquidated damages in addition to other legal remedies. Seller and Auctioneer will divide the earnest money deposit 50/50.  The Seller may, at their option, extend the closing past the designated Settlement date. 

DEED RESTRICTIONS:  Any existing restrictions and easements.

ABSENTEE BIDS:  Absentee bids are welcome.

FINAL BIDS:  All bids are irrevocable by the bidder. Subject to seller confirmation. Seller may have 24 hours to accept and confirm the highest bid. Auctioneer reserves the right to extend the bidding closing time. 

THE SUCCESSFUL BIDDER will be required to sign the approved real estate purchase agreement. Within a timely manner following the conclusion of the auction, the contract of sale and other required documents will be emailed to the address provided at registration. Bidder must sign and return all documents along with an earnest money deposit of 10% to be made payable the Brooks Auction Services by 5:00pm the following business day. The Contract of sale can be faxed, scanned, mailed overnight, or hand delivered to our office. Acceptable methods of payment for the earnest money deposit are: Cash (delivered in person to our office), certified funds, personal or company checks with prior approval, or wire transfer. 

FINANCING:  While mortgage rates are favorable to qualified purchasers, this sale is not contingent upon financing.

CONDITION OF PROPERTY:  This property is selling in “As Is” condition, with no warranties or guarantees expressed or implied.  The Seller will make no repairs, if needed.

SURVEY:  If a new survey is needed on this property, it may be done at the buyer’s expense.  If this property is sold in connecting parcels, each adjacent buyer will split the cost of the new survey line(s).

AGENCY: Auctioneers, brokers and affiliates represents the Seller in this transaction and is agent for the Seller only.

AUCTION SUBJECT TO PRIOR SALE: Auction subject to prior sale does not mean it is our intention or goal to sell the property prior to the auction OR that there is a listed price posted on the property. Under the Real Estate Law, auctioneers, brokers and agents are legally bound to bring forth any and all offers to the Seller at any time they are presented. Although we endeavor not to encourage pre-auction offers unless they are exceptional, we are obligated to present all of them, regardless of when, or how, or from whom they arrive. Although the intent is to auction the listed property, the ultimate goal is to sell the property for a price satisfactory to the Seller. If the property is sold prior to the auction, the Auctioneer will do their best to give notice the other interested parties.

NOTE:  The information contained in this brochure is subject to inspection and verification by all parties relying on it.  No liability for accuracy, or errors and omissions are assumed by the Seller or their agents.  ALL SQUARE FOOTAGES, DIMENSIONS AND TAXES, IF ANY, ARE APPROXIMATE.  It is the responsibility of the buyer(s) to inspect and verify that this property is suitable for their intended use.  This listing may be withdrawn or modified without notice to anyone. Buyer may receive confirmation auction day but may not have a fully executed contract until all selling parties have signed.


Additional Terms by Brooks Auction Services, LLC:  Information in this advertisement is correct to the best of auctioneer and real estate broker’s knowledge. Bidders will be required to register day of auction and will be required to show proof of ID and sign a bidders registration form. All measurements are approximate and it is the buyer or buyer’s representative’s sole responsibility to verify all facts. All property is sold as is with no warranty or guarantee by the sellers or Brooks Auction Services or any representatives of same. Seller has the right to perform any and all inspections but all inspections must be done prior to auction. The only guarantee made is that buyer will receive a clear and marketable title at closing. Taxes pro-rated to day of closing. 10% earnest money deposit down on day of auction by cash, cashier’s check, or certified funds. If payment is made by personal or company check you must have a current bank letter to Brooks Auction Services guaranteeing payment of check. Balance do at closing within 45 days at attorney of purchasers choice. Brooks Auction Services and all affiliates are the exclusive agents for the sellers. All negotiations must be conducted through Brooks Auction Services. 10% Buyers Premium will be added to the bid price to determine the contract price. All real estate is sold subject to owner’s confirmation, unless advertised and announced on auction day as absolute. Seller will prepare deed, Purchaser shall pay all costs associated with the examination of title, closing and filing documents. All announcements made at the auction supersede any written material. In the event that a buyer is not able to complete his/her agreement and close on the property, the earnest money deposit will be split 50/50 between the seller and the auctioneers/real estate broker. A backup contract may be executed on auction day. Internet bidding may be offered on real estate. Bidders are required to register online. Information on registration and bidding will be provided at brooksauctionservices.com

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R. H. Lee & Company Auctioneers

http://rhlee.com

100 S. Dogwood Ave. Ridgeway, SC 29130

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