THIS IS A COMPLETED SALE
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View current listings by this company
7951 Dorchester Rd
Previous Page Listing ID#: 27015
Auction Location |
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North Charleston, SC 29418 |
Auction Dates and Times |
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Tuesday Nov 8, 2016 Completed |
Auction Type |
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Live Auction with Online Bidding VIEW ONLINE CATALOG |
Company Information |
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Harper Auction and Realty Website: www.harperauctionandrealty.com GoToAuction.com ID#: 1847 View company information and listings |
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Listing Terms and Conditions |
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Harper Auction & Realty
Michael B. Harper Auctioneer/Broker-in-Charge
TERMS AND CONDITIONS OF SALE
This Addendum to the Real Estate Purchase Agreement hereby clarifies and restates important
terms and conditions of the transaction and supplements the Real Estate Purchase Agreement. This
addendum and the Real Estate Purchase Agreement are superseded and controlled by the terms
and conditions of the transaction as announced immediately preceding the conduct of business.
This addendum is hereby incorporated as a part of such announcements.
The terms “buyer” and “bidder” shall be used interchangeably herein and shall have the same
meaning as if both were used.
Each bidder acknowledges receipt of a copy of this addendum and agrees that all bids are made
based upon the terms and conditions herein reflected.
1. Absolute Auction: The Property will be sold to the highest bidder at auction regardless of price,
without reserve, a requirement of a minimum bid or without competing bids. The seller certifies
bona fide intent to transfer ownership of the Property to the highest bidder regardless of the
amount of the highest bid and without reliance on any Agreement that a particular bid or bid level
will be attained in order to transfer the Property. Seller is legally able and competent to transfer
the property. The seller reserves the right to accept or reject any offer prior to auction day. The
SELLER reserves the right to accept or reject any offer prior to auction day. SELLER certifies
that the SELLER or anyone acting on the Seller’s behalf will not bid or otherwise participate in
the bidding process at the auction.
2. Disclaimer: All information furnished prior to the sale was obtained from sources believed to be
accurate and reliable. The buyer is responsible for doing his own due diligence investigation
including inspecting or examining the Property prior to auction. All square footage, dimensions
and boundaries mentioned or published are estimates only and should be verified by the buyer.
Failure of the buyer to inspect the Property prior to the sale will not constitute grounds for
adjustment or rescission of the sale or withdrawal of any bid, offer or deposit. The Property is
sold “as is” and “where is” without warranty of any kind expressed or implied. Neither the Seller
nor the Auctioneer/Broker make any guarantee or warranty expressed or implied as the quality or
condition, size or fitness for any use or purpose. Bidder cannot adjust or rescind the sale based
upon failure of the Property to conform to any representation expressed or implied. Bidder
acknowledges having inspected the Property offered and is satisfied with the condition of same.
Bidder accepts that this Property is offered for sale in its current state with all flaws and defects.
3. Property Inspection: Owner and Auctioneer/Broker encourage potential buyers to arrange for
their inspector to complete any desired inspection prior to sale day. The Real Estate Purchase
Agreement is without contingencies and does not provide for a post-contract inspection.
4. Agency: Potential buyers are hereby informed and referred to the South Carolina Real Estate
Commission regulations regarding the types of Agency practiced in South Carolina. Harper
Auction & Realty is the seller’s agent only. Bidder understands that Harper Auction & Realty
does not represent buyers as a client or customer. If you wish to obtain buyers representation
prior to the sale, the buyer’s agent must register prior to the sale to obtain a cooperating agent’s
fee in this transaction.
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5. Real Estate Purchase Agreement: The Real Estate Purchase Agreement required to be used in
this transaction will be made available to all potential buyers prior the auction. All potential
buyers are highly encouraged to have the contract reviewed by an attorney prior to the auction.
The successful bidder will execute the Real Estate Purchase Agreement in its current form
immediately upon acceptance of the highest bid. A back-up Real Estate Purchase Agreement will
be offered to the under-bidder at their highest bid price at the option of the Seller.
6. Buyer’s Premium: A ten percent (10%) Buyer’s Premium will be added to the highest bid to
determine the Total Contract Price for the sale. Example: If the high bid is $100,000, the contract
price with buyer’s premium is $110,000. The Buyer’s Premium is a portion of the
Auctioneer/Broker’s Commission.
7. Title to be delivered: Seller shall convey the Property by transferable and recordable general
warranty deed subject to any and all easements, restrictions, right-of-ways, encroachments and
matters of public record not adversely affecting marketability of title. Title to the Property shall
be transferred free and clear of any and all liens, attachments, illegal tenancies and encumbrances
except as stated herein.
8. Closing: Closing will occur per the terms of the Real Estate Purchase Agreement on or before
December 9, 2016. The Closing Attorney for this transaction will be Gary Pickren of Blair Cato
Pickren & Casterline LLC, Columbia, SC. The closing date may be extend solely in the discretion
of the Seller.
9. Closing Costs: Closing costs, including but not limited to, attorney’s fees, deed preparation, deed
stamps, survey fees, and title insurance premiums are to be paid by the buyer.
10. Financing: This is a cash sale. The closing is not contingent on financing or appraisal. Any
financing arrangements should be made prior to bidding. Financing arrangements must be
disclosed to the Auctioneer/Broker before bidding on the Property.
11. Taxes: Real Estate taxes will be pro-rated on the date of closing. All prorations are final as of the
Closing Date. Rollback taxes, if applicable, will be paid by the Seller.
12. Possession: Possession shall be delivered at Closing.
13. Registration: Bidders can register any time prior to the sale. In order to bid in this auction bidder
must deposit $10,000.00 in Certified Funds with the Auctioneer/Broker. This deposit will be held
until the final bid is accepted. If you are the successful bidder, this deposit will be retained as an
Auction Deposit (See paragraph 16). If you are not the successful bidder, the deposit will be
returned to you in person or by overnight mail if you are not present at the sale site. Registrants
shall provide name, address and government issued photo ID upon registration. The bidder must
read and sign the Terms and Conditions of Sale. Upon request of Seller or Auctioneer, bidder
must be able to demonstrate source of the balance of the purchase price as well as proof of funds
to make the required 20% down payment within 24 hours. The Auctioneer/Broker retains the
sole and exclusive right to exclude any party for failure to comply with the registration
requirements. All decisions of the Auctioneer/Broker relating to the qualifications of the bidder
are final.
14. Cooperating Buyer’s Agent Participation: Qualified Buyer’s Agents who register for the
auction at least 48 hours prior to the auction may qualify for a cooperating agent commission,
assuming their buyer/client is the high bidder and successful buyer. A commission of 2.0% of the
“Hammer Price” will be paid to a properly qualified and registered real estate broker.
Commission will be paid only at closing. Oral registration is not allowed. (See Qualified Broker
Participation Terms Form for details).
15. Auction Deposit: Buyer will be required to deposit $10,000 in Certified Funds immediately upon
acceptance of the highest bid. This deposit will be held in an interest bearing Escrow Account of
Harper Auction & Realty. The bidder expressly relinquishes ownership to any accrued interest
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Initials
earned on the deposit and down-payment to Auctioneer/Broker. The deposit is non-refundable in
case of default or breach of contract on the part of the buyer. In the event the property fails to
close due to no fault of the buyer, the deposit will be returned to the buyer.
16. Down Payment (Deposit): The Real Estate Purchase Agreement will require the buyer to further
deposit an amount in Certified Funds equaling 20% of the Total Contract Price within 24 hours of
execution of the contract. The $10,000 Auction Deposit will be applied to the 20% Down
Payment (Deposit). The Down Payment (Deposit) is non-refundable in case of default or breach
of contract on the part of the buyer. In the event the property fails to close due to no fault of the
buyer, the full deposit will be returned to the buyer. All deposits and down-payments must be
paid in cash, Certified Check or Cashier’s Check. All checks must be made payable to Harper
Auction & Realty.
17. Announcements: All announcements made by the Auctioneer on Sale Day will take precedence
over all printed matter and all other oral statements previously made. Bidding and conduct of the
sale is at the discretion of the Auctioneer. The Auctioneer will settle all disputes and will make
sole, absolute and final decision on all sale matters. Other than Seller confirmation of sale if any,
all decisions are those of the Auctioneer. The Auctioneer reserves the right to reject any bid and
to cancel the sale before opening the sale for bids.
18. On-Line Bidding: This is an on-site Auction with on-line simulcast and pre-bidding option.
Bidding will be allowed from the opening of the on-line bidding until bidding ends at (or after)
11:00 AM on November 8, 2016. See the Auction web page for complete details and instructions
for on-line bidding.
19. Modification of Terms: Auctioneer reserves the right to change, modify or cancel any and all
terms and conditions or conduct of the sale at any time as necessary to represent the Seller’s
interest.
20. Right to Expel: The Seller and Harper Auction & Realty reserves the right to refuse admittance
or to expel anyone from the auction for any reason, including interference with the auction,
creating a nuisance, canvassing, soliciting or for any other reason necessary in the sole judgment
of Auction Firm.
21. Bid Rigging and Sherman Antitrust Violations: The Auction Firm will refer and/or prosecute
to the fullest extent of the law any efforts on the parts of bidders or bidder’s agents to collude,
suppress, combine, conspire to or otherwise interfere with the free bidding of any and all parties.
Any agreement to suppress free bidding is an infringement upon free trade under these laws and
will not be tolerated. Bid rigging or collusion among buyers at an auction sale is a felony
punishable by civil fines and/or criminal prosecution and imprisonment.
22. Non-Discrimination: All bidding is open to the public and the properties are offered for sale to
qualified buyers without regard to the prospective buyer’s race, sex, color, religion or national
origin. Harper Auction & Realty will not accept or allow any discrimination in any form or
manner and may expel from the auction in such a manner.
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Initials
I have fully read and understand these Terms and Conditions of Sale and agree to be
bound by these conditions if I participate in this Auction. A copy of these Terms and
Conditions of Sale has been given to me at registration.
I have reviewed the sample Real Estate Purchase Agreement and have been afforded the
opportunity to consult an attorney of my chosen to review the Terms and Conditions of
Sale and Real Estate Purchase Agreement. If I have not had the documents reviewed by my
attorney, I hereby forever waive an attorney’s approval.
I understand that Harper Auction & Realty represents the Seller only at this Auction and I
have read the pamphlet “SC Agency Disclosure Brochure”
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Date Witness
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Bidder Name Bidder Signature
______________________________ ______________________________
Address City, State, Zip
_______________________________ ______________________________
Drivers License Number Phone
_______________________________ ______________________________
E-mail address How did you learn of this Auction?
I would like to be added to your Auction notification list ____yes ___no
Bidder Number _____
Scan and E-Mail to: mike@harperauctionandrealty.com
Or
Fax to: 1-888-844-1037 (Toll Free)
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Listing Information |
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This property WILL SELL to the highest bidder REGARDLESS OF PRICE!
This large flexible office building is suitable for medical, dental, retail, legal, administrative office space, restaurant or dozens more uses. The building features 14 Offices a large Classroom or Auditorium, a kitchen/breakroom 4 bathrooms and lots of storage spaces. It is set up ideally for two separate businesses in two wings. It is near a signaled intersection and occupies a corner lot at Dorchester Rd and Parkshire Way along a very busy stretch of Dorchester Rd near other financial and professional buildings along an off-traffic access road. The building has excellent access and visibility from Dorchester Rd in both directions, and encompasses .8-acres with no less than 43 parking spaces. This growth area near the entrance of the Archdale subdivision is near the Robert Bosch plant, Charleston Airforce Base, Charleston International Airport with Boeing and related businesses, and the Palmetto Commerce Parkway area which is THE growth business area in Eastern SC. The addition of the Mercedes-Benz and Volvo manufacturing facilities nearby will only make similar commercial properties more scarce and harder to find. |
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