Cumberland County NCDOT Residue Properties

1. There is an 11% Buyers Premium added to the high bid price to derive at the contract purchase price for this auction.  An Earnest Money Deposit equal to 11% of the bid price is required by TBD, wire transfers will require an additional $25 fee to be added to the Earnest Money Deposit. The balance will be due at closing along with a $31 recording fee per deed, so if you purchase a JPID with 2 or more PINs associated with it, then you will owe $31 for electronic recording of the deed.

2. The sale of the subject property has a single 10 day upset bid period and is subject to approval by the Board of Transportation and, when necessary, by the Council of State, and these approvals may delay by several months the sale and delivery of the Quitclaim Deed conveying the property.

3. The property will be transferred via Quitclaim Deed and the Buyer is responsible for all recording fees ($31+/- as shown above) associated with the recording of the executed Quitclaim Deed; the Closing will be handled at the respective County Register of Deeds office.

4. All final payment of funds will be made out to NCDOT via a certified or cashier's check, payable at the time of closing and recording of the Quitclaim Deed at the respective County Register of Deeds office.

5. Buyer has physically previewed the property and is aware of any access or potential control of access.

6. Johnson Properties Realtors & Auctioneers, Inc. makes no representations or warranties, expressed or implied, concerning the property. Descriptions of the property are believed to be correct, but are not guaranteed. It is the Buyer’s responsibility to conduct any inspection prior to the auction. Johnson Properties Realtors & Auctioneers, Inc. has attempted to find or locate all information deemed material facts. Ultimately, it is the Buyer’s responsibility to inspect all aspects of the property before placing a bid. No sale shall be invalidated by the Buyer as a result of he/she not conducting their own inspection prior to bidding. It is automatically acknowledged by placing a bid that you have personally inspected the property, hired an agent to inspect the property or waived your right to inspect the property. 

8. All properties are offered “AS IS, WHERE IS” with no warranties either written or implied. Potential buyers are encouraged to research all property attributes (i.e. zoning, lot size, street, water and sewer availability, buildable or non-buildable, easements, encroachments, any governmental or private restrictions, restrictive covenants, etc.) to ensure that the property meets their intended use prior to bidding. The current appropriate county GIS information and aerial representations are provided as a courtesy, but are NOT GUARANTEED.

9. Neither the NCDOT nor Johnson Properties Realtors & Auctioneers, Inc. makes any representation of the condition or suitability of any property for any purpose. All properties are being sold “as is” in their present condition with all faults if any. 

For ONLINE BIDDING, please see the JP link for comprehensive terms. 

NCAL: 7340