Huge Rental and Investment Property Auction with 17 Different Properties in this Live / Online /Simulcast Event!

Investors take note! This will be a grand opportunity to invest in rental properties including single family homes on large lots as well as duplexes and triplexes.  Many are currently rented and some are vacant.  This is perfect for people just starting in the rental business as well as folks looking for their forever home since lots of the homes are on spacious in town lots!  Most all of the homes are either brick or vinyl exterior keeping exterior maintenance to a minimum with city water and sewer.  This is great for enlarging your real estate holdings or just a great time to start a new venture!  Buy from 1 up to the entire portfolio at absolute auction!  This is a rare chance to invest in your family's future and / or find your forever home!  This auction is being conducted in conjunction with local Realtor, Georgina Zeng, ELC Real Estate Inc. in Clinton, NC

Auction Date/Time: Tuesday, November 12th 12 noon

Auction Location: TBA

Sampson County Parcel:

Zoning: Residential, Multi Family

Utilities: City water, sewer

Clinton City tax rate: 0.34

County Tax Rate: 0.625

Clinton School District Tax Rate: 0.115

Primary School: Sunset Ave Elementary/Butler Avenue Elementary

Middle School: Sampson Middle School

High School: Clinton High School

1. BUYERS PREMIUM: Real Estate:  A 6% (onsite) or a 7% (online) buyer’s premium will be added to the successful bidders’ high bid and will be included in the total contract purchase price.

2. CONDITIONS: The information contained on this website and all related auction materials are subject to the terms and conditions of the CONTRACT OF SALE.  Buyer’s complete inspection is encouraged prior to bidding and/or purchase.  Inspection of all terms on the online bidding site, Johnson Properties Website, and all posted material on auction day at the auction, is recommended.

3. DEPOSIT: A 10% Earnest money deposit is required on the day of sale. Balance due on or before 45 days post auction. Earnest money deposit is nonrefundable and cannot be paid with a credit card.

4. AUCTIONEERS DISCLAIMER: All information contained herein is provided without representation or warranty as to the accuracy of the same. Buyers shall rely on their own judgment and inspection. Property is being sold AS IS, WHERE IS, with all faults if any.  A portion of the property may be sold absolute and the remainder subject to confirmation. Please listen closely to the auction day terms and/or see the posted information on auction day as they may be updated at the seller's request.  Johnson Properties reserves the right to bid on behalf of the sellers. The Auction Firm and Sellers reserve the right to entertain any reasonable non contingent offers, which may be accepted, prior to the auction.

5. ATTENTION AUCTION BUYERS: We suggest that you arrive one hour prior to the auction in order to register and have any last-minute questions answered. NCAL: #7340

6. Title X:  Under Title X, the purchaser of a single-family residence built prior to 1978 has a maximum of ten (10) days to conduct a risk assessment or inspection of the property for the presence of lead-based paint and/or lead-based paint hazards. (IF APPLICABLE)

7. MULTI-PAR:   All parcels will be offered for sale in a public outcry Online/Live/Simulcast Auction with the assistance of the MULTI-PAR SM Bidding System. The auction will consist of multiple rounds of bidding allowing a prospective buyer to bid on any parcel, combination of parcels, or the entire offered property. The MULTI-PAR SM system allows successful initial bidders the opportunity to re-enter the auction after initial combinations have been opened. It is essential for winning bidders (both online and onsite) to remain at the auction until the sale is declared final and over.  An initial bidder may go from a winning position to a losing position and back to winning without ever raising their bid! This applies to all online as well as all in person bidders. For a complete description of this process prior to auction day, please contact Johnson Properties.