Raiford Commissioner's Sale
Real Estate Auction
House & Acreage in Orchard Mountain
Live Onsite
Saturday, August 10 at 10:00am
368 McIntosh Drive, Lowgap, NC
With approximately 1,150 square feet, this log home sits on a solid block foundation covered with stone.
The wood living room boasts a stone fireplace and cathedral ceiling, creating a warm and inviting atmosphere.
The kitchen and dining combination is perfect for both everyday living and entertaining guests.
A comfortable bedroom with direct access to the back porch, offering a perfect spot for morning coffee or evening relaxation.
The bathroom features a combination tub and shower, designed for both convenience and comfort.
Up the stairs you will find a loft with wood ceilings and a tiled floor, ideal for a cozy reading nook or an additional sleeping area.
The basement provides additional storage space with both interior and exterior entry points, and includes a second stone fireplace.
Property #2:
If you're envisioning building your dream home, consider the adjacent 4.8-acre parcel (across the street from 368 McIntosh) with similar landscaping and access to Orchard Mountain's exclusive amenities.
*Both properties will be sold from 368 McIntosh Drive*
Orchard Mountain is a beautiful development just off Hwy 89 near Lowgap, North Carolina. This gated community offers wooded lots gathered around quiet lakes and creeks. You can experience each of the four seasons, spring and fall providing beautiful skies and color throughout the 600+ acres. There are many common areas for property owners and their guests to use. Some of the amenities include a clubhouse, tennis court, basketball court, volleyball court, swimming pool, 4 fishing lakes, and numerous hiking trails. (https://www.orchardmountain.org/)
Personal property will be sold separately in an online only auction.
Embrace the tranquility, natural beauty, and unique character of Orchard Mountain living. Whether you choose the existing log house or the potential of the additional parcel, your perfect mountain retreat awaits.
Preview the property on Friday, August 2 & Wednesday, August 7 from 4:00pm-6:00pm
Disclosures:
Property is subject to and a part of the Orchard Mountain Home Owners Association and buyer must pay HOA dues.
A 10% buyer's premium will be added to the high bid.
A 10% deposit is due by the high bidder immediately following the auction.
Sale is subject to the NC Judicial Sales Act and 10-day upset bid period.
Final sale is subject to confirmation of the Surry County Clerk of Court.
Sells AS-IS
Joseph H. Williams, Commissioner for R. Chase Raiford, Lowe & Williams
B. Mark Rogers, Auctioneer/Sale Manager
NCAL #685
Real Estate - Single parcel onsite only bidding.
PLEASE DO NOT BID UNTIL YOU HAVE READ THESE TERMS AND CONDITIONS OF SALE.
AS IS: The real property will be offered at public auction with live bidding onsite. All improvements, buildings, sheds, structures, etc., sell with the property. The property and all improvements, if any, will be sold on an AS-IS, WHERE IS, WITH ALL FAULTS, conditions, defects, or flaws. The buyer agrees to take the property in the condition existing. No representations or warranties, expressed or implied, concerning the property are made by neither the sellers nor the seller's agents. Descriptions of the improvements and property are believed to be correct but are not guaranteed. You are encouraged to conduct your inspections and due diligence prior to bidding and buying at the auction.
METHOD OF SALE: The property will be sold by the legal description in a single parcel by public auction. The property is being sold subject to the NC Judicial Sales Act and upset bids. All bids are left open for upset bids for a period of 10 days. Upset bids can be made at the office of the Surry County Clerk of Court in Dobson, NC. The final sale is subject to approval by the Clerk of Superior Court.
DEED: Commissioner's deed
EASEMENTS and RIGHT OF WAYS: The real estate is being sold subject to any and all easements or right of ways. Lease payments or rents, if any, will be pro-rated at closing.
ALLOTMENTS and MINERAL RIGHTS: Crop allotments, mineral rights, timber rights, water rights, if any, will transfer with the deed or title.
HOA, POA, and RESTRICTIVE COVENANTS: The real property is being sold subject to restrictive covenants and homeowner's association rules, regulations and dues and county zoning, if any.
METHOD OF SALE: The auction company will offer the property as a whole in a single parcel.
SURVEY: The property will be sold subject to an existing survey, if any or the existing legal description.
PERK TEST: Perk test are the responsibility of the buyer and the contract is not contingent upon the soil having a satisfactory perk.
FINANCING: The sale is not subject to financing. Failure to close for ANY REASON WHAT SO EVER will result in the forfeiture of the deposit. NO EXCEPTIONS.
DEPOSIT REQUIRED AT AUCTION: Terms are for a deposit of 10% of the purchase price on site at the auction in cash or check.
PURCHASE CONTRACT: Buyer will be required to execute a Real Property Auction Purchase and Sale Contract on site and submit their deposit.
NO CONTINGENCIES: The purchase and sale contract is not subject to any buyer contingencies for financing, appraisal, surveys, inspection or any other contingencies.
AGENCY: Buyer will be asked to sign an agency disclosure form. Rogers' agents represent the seller and the seller's interest in the transaction.
ENVIRONMENTAL: There are not any environmental studies, phase 1, phase 2, or phase 3 studies for review. There are not any soil or water studies for review.
PERSONAL PROPERTY: There is no personal property or merchandise being transferred with the real property of value. Personal property will be sold separately from the real estate at a later date.
CLOSING: Closing is to take place in not more than 30 days from the date of the auction. TIME IS OF THE ESSENCE. All closing costs for the benefit of the buyer such as appraisals, surveys, loan applications, inspections, title searches, title insurance, etc. are the responsibility of the buyer. The seller is not paying for any of the buyers closing costs. . The deed paid for by the sellers, the deed stamps paid by the sellers, and recording fees to be paid by the buyers. Real estate taxes are pro-rated at closing.
BUYER'S PREMIUM: A buyer's premium of 10% is added to the last and highest bid to determine the contract purchase price. For example, if the high bid is $100,000.00, a buyer's premium of $10,000.00 is added and the purchase price would be $110,000.00
POSSESSION: Possession will be given at closing, subject to existing leases, if any.
ABSOLUTE/RESERVE: This auction is conducted subject to court approval and a 10-day upset bid period.
BID RIGGING: Bid rigging is a felony. Any attempt by bidders to chill the bid, agree with other bidders not to bid to attempt to lower the price is bid rigging. Anyone suspected of bid rigging will be asked to leave the auction site.
DISPUTED BIDS AND INCREMENTS: In case of a dispute over who is the high bidder, the auctioneer has the sole discretion to determine the high bidder. The auctioneer has the sole discretion to determine the live auction bidding increments.
It is the duty of the bidder to present their bid to the auctioneer and not that of auction support staff, auction ringmen, auction bid assistants, or the auctioneer.
QUALIFIED BIDDERS:
Auctioneer reserves the right to refuse to register any prospective bidder for any reason, or to require a cash deposit from a prospective bidder of an amount designated by Auctioneer and paid in advance by the prospective bidder to Auctioneer. Such deposit will be applied to any purchases made at the auction by the prospective bidder. At the end of the auction, Auctioneer will refund any portion of this deposit that has not been applied to purchases. Furthermore, Auctioneer will require the removal of any person from the auction site for any reason including, but not limited to: (1) tampering with auction lots; (2) any illegal conduct including collusive bidding or stealing; (3) disruptive behavior; (4) failure to abide by these terms; and (5) intoxication. Bidder agrees to leave the auction site immediately and quietly upon request by Auctioneer. Any act of theft, vandalism or disruption will be prosecuted to the fullest extent of the laws.
DEFAULT BY HIGH BIDDER/BUYER: In the event of a default by the bidder/buyer the seller may resale the property to another bidder/buyer and in the event the property sells for less money than the original price the seller may seek the difference from the original bidder/buyer. The seller may have other rights to pursue damages or costs from the defaulted bidder/buyer as allowed by law.
The bidder agrees to all terms and conditions of the auction and should read the detailed terms.
NC Firm #685, VA Firm #2, SC Firm # 1874
