Auction

2 Wayne County WV School Buildings - Former Genoa & Dunlow Elementary

Description

Real Estate Auction

Location: 21269 WV-152 Genoa, WV 25517 & 32800 WV-152 Dunlow, WV 25511

Date: Bidding is Open & Begins Ending Tuesday, November 17th at 7:00PM

Preview/Open House: Monday, November 9th at Noon

Online Only Bidding

Subject #1

Former Genoa Elementary School Building

Location: 21269 WV-152 Genoa, WV 25517

Contents Will be sold in a separate Auction. Whatever is left at the property at closing will become property of the new owner.

Legal Description: District 8 Map 2 Parcel 17.1 & 20, Approx. 2+/- Acres

Click here for an interactive map of the property: https://id.land/maps/caa6b4ebe48efa45c5fc94f70db9623d/share

Subject #2

Former Dunlow Elementary School Building

Location: 32800 WV-152 Dunlow, WV 25511

Contents Will be sold in a separate Auction. Whatever is left at the property at closing will become property of the new owner.

Click here for an interactive map of the property: https://id.land/maps/36d19d6010262daad423c4b3855265fd/share

Legal Description: District 8 Map 16 Parcel 50, 2 AC DUNLOW

Terms: 10% nonrefundable down payment due within 48 hours of the close of the Auction. Not Contingent on financing or any other contingencies. Any required inspections must be completed prior to bidding. Sold as is, no warranties written or implied. Property will be sold free and clear of any & all liens and encumbrances.  Taxes will be prorated to the day of closing. 45 days to close. 10% buyer’s premium will be added to determine the final contract price.  Property sells subject to the owner's confirmation regardless of price. 

Kaufman Realty & Auctions of WV 

www.kaufmanauctionswv.com 

399 W. Main St.   

Bridgeport, WV 26330 

David Anthony Kaufman, Broker 

License #WV0030037 

Andrew Yoder Jr. - Auctioneer/Realtor  

[email protected] 

Cell# 304-931-1185 

License #WV0028890 

Auc. Lic. #2086  

Wayne Yoder - Auctioneer/Realtor 

[email protected]   

Cell# 304-931-1285 

License #WV0029880   

Auc. Lic. #2161

Terms & conditions

Terms:

Property sells subject to the owner's confirmation. 

10% nonrefundable down payment due within 48 hours of the close of the Auction. No financing or other contingencies. Any required inspections must be completed prior to bidding. All information contained herein derived from sources deemed reliable but not warranted. Sold as is, no warranties written or implied. Property will be sold free and clear of any & all liens and encumbrances. Taxes will be prorated to the day of closing. 45 days to close After court approval. 10% buyer’s premium will be added to determine the final contract price.         

Please note that approval is required to bid on this auction. Bidder approval closes one hour prior to the scheduled soft close time. Example…soft close of 7 PM, bidder approval closes at 6 PM. WE STRONGLY SUGGEST YOU COMPLETE THE REQUIREMENTS AND REQUEST APPROVAL 24 HOURS PRIOR TO THE SCHEDULED SOFT CLOSE. Kaufman Realty & Auctions is not responsible for anyone who does not meet the approval time or requirements to bid. Failure to register until the last minute could result in you not being approved to bid.  

Successful bidder will be emailed a contract to be executed and returned to Kaufman Realty & Auctions of WV. Successful bidders will deposit 10% of the Contract price in the form of cashier’s check or wire transfer to Kaufman Realty & Auctions of WV. The entirety of the remaining balance is due at closing or within 45 days. Instructions for wire transfer and /or cashier’s check transmittal will be sent by e-mail to the successful bidder. Purchaser shall be responsible for wire transfer fees.         

Property lines on our maps are approximate. Not a survey. 

Contract Documents will be sent by e-mail to the successful bidder must execute and fax or email back to Kaufman Auctions within 48 hours of the end of the auction.          

Successful bidders not executing and returning their contract with earnest money deposit within 48 hours of the conclusion of the auction will be considered in default.         

At the close of bidding, the system is set to (Extend All) meaning if a bid is placed on either lot the entire Auction reset to 5 minutes each time a bid is placed within the last 5 minutes and will do so until no one bids during the allotted time.    

Buyer's Premium Example:         

Bid Price: $100,000         

Plus 10% Buyers Premium: $10,000         

Total Contract Price: $110,000          

Down Payment $11,000       

Bid Increments   

$0-$50,000= $1,000 

$50,000-$100,000= $2,500 

>$100,000= $5,000 

In a reserve auction, if a bidder's max bid is below the reserve, the system bids on behalf of the seller up to the reserve. 

DISCLOSURE: Kaufman Realty & Auctions of WV is acting as Auctioneer/agent and is an agent for the seller only.

DISCLAIMER: Information contained herein is believed to be correct to the best of auctioneer/agent’s knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions.     

All right of ways recorded in prior deeds and will transfer as such. All acreage, square footage and other dimensions are approximate.  

BUYER/BROKER INFORMATION: Up to 3% Commission will be paid to any properly licensed buyer's broker who registers a successful buyer according to the Broker Participation Guidelines. Broker registration forms are available. Call for Broker Registration Form or print it from the documents tab for that specific Auction. Must be registered & Approved 24 hours prior to Auction. Brokers/Agents are not entitled to a commission if they are the purchaser.   

By bidding, bidder verifies that they have read, reviewed, and agreed to the purchase documents available under the documents tab of this auction. Bids may not be retracted.   

Communications: By accepting these terms, you agree to receive email and SMS correspondence. You may opt out at any time.