PUBLIC AUCTION – Ordered by the Township Of Medford

ONLINE BIDDING ONLY

23 Holly Drive, Medford, NJ  08055 

ONLINE BIDDING ONLY
Began: 09/04/19 at 8:00 AM EDT
Ended: 09/10/19 at 10:00 AM EDT

• Property Type:  Vacant Lakefront Lot (Oakwood Lakes Subdivision)

• Lot Size: 103 X 195

• Parking: On-Site

• Utilities: Electric, Sewer

• Water Source: Private Well

• Sewer Source: Public Sewer Available

• Block 2909 , Lot 8 

• Assessed Value: $168,800

• Taxes: Exempt, Institutional 

• Tax Year: 2019

• Flood Zone:  Zone X

• Zoning: GD – Growth District

• Municipal Website & Phone:  www.medfordtownship.com or (609) 654-2608

 

STARTING BID:  $10,000

 

PROPERTY INSPECTION:  PREVIEW PROPERTY AT YOUR LEISURE

 

IF YOU:


– Have any questions about this property

– Need help registering for the auction

– Need assistance placing bids

– Have concerns about the online bidding process

– OR any other questions

 

PLEASE CONTACT WARNER REAL ESTATE & AUCTION

 

Bidding  will close on Tuesday, September 10, 2019 at 10:00 a.m.

PROPERTY INSPECTION:  PREVIEW PROPERTY AT YOUR LEISURE

Terms & Conditions

Agreement for Sale of Real Estate: This property is offered under the specific terms provided in the contract. The Agreement for Sale of Real Estate is available at www.WarnerRealtors.com in the property information packet located from within the “DOCUMENTS” section. Please read and review the contract thoroughly prior to bidding on any property. If you have not read and reviewed the Agreement for Sale of Real Estate, Do Not Bid! 

Reliant Land Services, LLC. has performed a title search on the property.  Reliant Land Services, LLC. will prepare all title documents pertaining to the closing.  You can use your own title company to review the documents, however, Reliant Land Services, LLC. will be the closing title company.

Settlement Expense:  The Buyer will pay for all closing cost and expenses, including but not limited to, the title search, the issuance of the title policy, the title company attendance and disbursement fees, the realty transfer tax, if any, and any and all recording fees. 

Warner Real Estate & Auction Co. has the sole authority to resolve any bidding disputes that may arise.

Bidder Verification: The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Warner Real Estate & Auction Co. will reject the registration, and bidding activity will be terminated.

Deposit Amount: The successful bidder will make a $10,000 down payment in the form of wire transfer or cashier’s check made payable to Reliant Land Services, LLC. The entirety of the remaining balance is due at closing. Purchaser shall be responsible for all wire transfer fees.

Buyer’s Premium: A 10% buyer’s premium will be added to the final bid price to determine the total contract price. 10% Buyer’s Premium Example: Bid Price: $100,000 Plus 10% Buyer’s Premium: $10,000 Total Contract Price: $110,000

Contract: A Contract Package will be sent by e-mail to the high bidder, who must execute and email, fax or overnight mail back to Warner Real Estate & Auction, Co., within 24 hours of receipt. If the successful bidder does not execute and return their contract with earnest money deposit within 24 hours of receipt they will be considered in default and subject to legal action. This is a legal binding contract.

Auction Administrative Fee: In the event a winning bidder fails to submit the signed ‘Agreement for Sale of Real Estate’ and deposit earnest money as provided in the pre-stipulated Auction Terms, the winning bidder will be charged an administrative fee of $5,000.00 on the credit card provided at auction registration. Additional default remedies are reserved by Warner Real Estate & Auction Co., and the Seller as provided in the Auction Terms & Conditions and the ‘Agreement for Sale of Real Estate’. All administrative fees are non-refundable.

Closing: Closing will be within 30 days of Township approval of the sale.

Agency Disclosure: In all transactions, the auctioneer is acting as agent for the seller, not as buyer’s agent. Warner Real Estate & Auction, Co. reserves the right to remove or cancel the bids and or bidding rights and privileges of any party, deemed not to be in the best interest of the seller, at any time.

Disclaimer: All information contained herein is believed to be correct to the best of the auctioneer’s knowledge. The information is being furnished to bidders for the bidder’s convenience and it is the responsibility of the bidder to determine that information contained herein is accurate and complete.

Any reliance on the contents shall be solely at the recipient’s risk. Bidders must conduct and rely solely upon their own investigations and inspections. The property is being sold ’AS IS’ with any and all faults. Please review all information supplied, and seek appropriate assistance prior to bidding.

Broker Participation: Pre-approved (no later than 5 pm (Eastern) 9/9/19) broker participation is well compensated. Broker must fill out and submit broker participation form by time stated above and adhere to all rules in order to be compensated.

Technical Issues: Neither the company providing the software nor the auction company shall be held responsible for a missed bid or the failure of the software to function properly for any reason. The online bidding will close on Tuesday, September 10, 2019 @ 10:00 am (Eastern Time). If there is bidding in the last few minutes before the auction closes, extended bidding will commence. If there are no bids within 5 minutes, the auction will end. This procedure prohibits any last second ‘sniping’ from taking place. Please contact Richard Warner @ 856-769-4111 if you need assistance with registering and the online bidding platform.

Sale Subject to Township of Medford Approval

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Warner Real Estate & Auction

https://warnerrealtors.com

53 East Avenue Woodstown, NJ 08098

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