121 Acre Mingo County Land

Attention: We have just learned there is a potential cloud in the chain of title for the 38+/- acre parcel. The buyer of this property will be getting a general warranty deed for the 83.65+/- Acres which is District 5 Map 202 parcel 7 and a quit claim deed for the 38+/- Acre Parcel which is District 5 Map 202 Parcel 8. Important: The high bid will be prorated per acre and the buyer will pay for 83.65+/- Acres only and be charged the per acre proration on the 38 Acres.

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. 10% buyer’s premium will be added to determine the final contract price.    
     
Boundary Lines, square footage, and other dimensions are approximate. Acreage Based on Tax Information.

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.        
        
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 add a 5-minute extension when 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      
        
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.        
        
BUYER/BROKER INFORMATION: Up to 1% 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 agreeing to the terms, the bidder verifies that they have read, reviewed, and agreed to the purchase Agreements in the documents available under the documents tab of this auction. If buyer requires a review of these documents by their counsel, this must be done prior to bidding. Bidder agrees to sign all pertinent contracts without revisions. In addition, bidder agrees that this bid is a legal and binding contract upon entering the bid. It is also understood that a bidder may at some point be outbid but, due to combinations of sale may move back into winning position. Therefore, all bids remain valid until the winning bids have been declared. Bids may not be retracted.

Brokers/Agents and seller are not responsible for any accidents. Buyers assumes any and all risk when reviewing the acreage.