For Sale At Auction…
To Liquidate the Assets of
Anderson Excavating & Paving Co. Inc.
17935 Louisa Rd, Louisa, VA 23093 3,094 sf 2-Story House
6,000 sf Retail Store/Warehouse Facility
Two Adjacent Lots Sold Separately Totaling 4.08 +/- Acres Both Zoned C2 for Residential/General Commercial Business
*Timed Public Auction with Online Bidding Only!*
Bidding Begins to Close: Tuesday, August 8, 2023 @ 11:00 A.M.
Open House 11am-2pm on July 23, 2023
* Property is Subject to Pre-Auction Sale *
GENERAL TERMS OVERVIEW: This real estate is being sold subject to the Terms and Conditions stated herein and in the Purchase Contract, and is being conducted utilizing a “Timed, Online-Only Public Auction” bidding process which will have a "soft close" on, or about, 11:00 A.M. (EST) on Tuesday, August 8, 2023. All interested bidders must register and be approved by the Auction Firm. Registration and bidding are done through the Auction Firm website (Bid.ForSaleAtAuction.Biz) or through our company app (Available for download in the Apple App Store or on Google Play - Just search “For Sale At Auction”).
This property is being sold “As-Is, Where-Is” without any guarantees or warranties, expressed or implied, whatsoever, and subject to the approval of the owner. A 10% Buyer’s Premium will be added to the highest final bid and will become a part of the Total Sales Price. A non-refundable deposit in the amount of 10% of the highest final bid is required following the auction. Accepted forms of payment include Cash, “Good Virginia Check (check from a Va. Resident, drawn on a Virginia bank)”, Certified Check, Cashier’s Check, Bank Wire Transfer, or Postal Money Order. The Purchaser will have until 12:00 Noon (EST), Friday, August 11, 2023 to deliver their executed Purchase Agreement and Deposit, in person, or via overnight carrier, to the Auction Firm. The successful bidder will be contacted following the auction with instructions on how to complete their contract and tender their deposit. If the Purchaser fails to return the executed documents and required deposit, they will be deemed to be in default, and the Auction Firm will pursue all available legal remedies. The balance of the total purchase price is due at closing NO LATER THAN Friday, September 8, 2023. Time is of the Essence. The Seller will transfer the property with clear marketable title, free from any liens. Obtaining financing, if needed, is the sole responsibility of the Purchaser. No owner financing is being offered. The sale is not contingent upon the purchaser obtaining financing or any other matters. By bidding, all bidders hereby waive their rights to any post sale rights of rescission periods &/or property inspections, and understand the sale is immediately binding & irrevocable. No loan points payments, closing cost assistance, or any other purchase incentive is being offered. While all information regarding this property has been from derived sources deemed reliable and believed correct; neither the Seller, Auction Firm, or their Representatives make any guarantees or warranties, expressed or implied whatsoever; regarding, without limitation; zoning, ability to subdivide, accessibility, fitness for a particular use or purpose, topography, soil type or content, functionality of any systems, availability of public utilities, or merchantability of all or any part of the property. Prospective Purchasers and Bidders shall rely solely upon information obtained through their own due diligence. Any reliance upon the information provided shall be solely at the bidder’s risk. The Auction Firm shall be in control of the bid increments at all times, and retains the right to modify the deposit requirement.
Each of these parcels will be sold individually and will include all personal property on premises at settlement. The forklift and 2 trailers currently located by the house on Parcel 2 DO NOT convey, and will be removed prior to settlement. (*Please Note* This auction is for the real estate. We do not guarantee any specific items of personal property will be present at settlement, but the Sellers will not be emptying the buildings, or property of personal property remaining from their prior flea market and other businesses. Anything remaining on site at settlement will become the property of the new owners.)
These terms, the elaborated terms below, as well as those stated in the Purchase Contract (a sample of which is posted in the “Documents” section of the online auction), shall become an inclusive part of the Purchase Contract.
Online Bidding Information, Further Terms, and Explanations*
Thank you for your interest in this Timed Online-Only Auction of real estate being conducted by “For Sale
At Auction”. The auction and conveyance of this property shall be governed by, and your online registration indicates each bidder’s agreement with the terms and conditions stated herein, in the “Agreement to Purchase Real Estate at Auction” contract, including any/all addenda, disclosures, and the non-negotiable Terms of Sale; all of which are collectively referred to herein as the “Terms of Sale”.
In order to bid online for this auction, all bidders must be registered with For Sale At Auction through our Bidding Application (available at the Apple App Store and Google Play - just search “For Sale At Auction”), or through our website at bid.forsaleatauction.biz. There is no fee to create your account. Registration requires a two-step process that: 1. Creates your account with username and password and: 2. Requires a registration form specifically for this auction which requires including a copy of a government issued I.D (Driver’s License, Military I.D., etc.). Once both registration steps are complete, the Auction Firm will manually approve your bidder status and you’ll be ready to place your bids. By bidding, you are representing to the Special Commissioner and Auction Firm that you have read, and agree to be bound by, all Terms and Conditions for this sale as stated herein. DO NOT BID unless you have read, and agree to be bound by, ALL of these non-negotiable Terms of Sale. Registration requests sent past 10 a.m. the day of the auction close may not be accepted. PLEASE REGISTER EARLY!
FUNCTIONALITY OF THE AUCTION BIDDING APP: This Online-Only auction is controlled by our auction app software. The Auction Firm is not responsible for software functionality or lack thereof, internet malfunctions or connectivity issues, and/or bidding application or systems errors which could cause a bid to fail to be recognized, fail to successfully register an interested bidder, or recognize their bid. In the event of any bidding platform errors and/or related issues, the property could sell to the previous high bidder of record. There is no recourse, or remedy, implied or offered, to any online Bidders in the event of any aforementioned “errors” &/or “issues”.
THE AUCTION: Bidding is open to the general public (any who are registered and approved by the Auction Firm). The Auction Firm shall control the bidding increments and retains the right to modify them at any time during the auction. Bidding will begin closing on Tuesday, August 8, 2023, at 11:00 a.m. (EST). The Auction Firm retains the right to remove any property from the auction process at any time. Any and all decisions made by the Auction Firm shall be final and absolute, without further liability to any party. If any potential bidders have interest in bidding on a property, but do not have internet computer, smart phone, and/or internet access; please contact the Auction Firm who will assist with creating your account and placement of your bids.
*A Brief Explanation of the Bidding Process* Interested Bidders can bid online any time during the timed auction bidding period. This “Timed” method is similar to how eBay operates… where Bidders can enter their maximum bid amounts and walk away (with the software handling your bid increases automatically thereafter), or you can proactively enter each bid individually... as you desire. You will receive “Push Notifications” whenever you are outbid by another Bidder. Any bid made in the closing two minutes of the auction will extend the bidding time on that property for an additional 2 minutes to allow the previous high bidder to receive their outbid notification, and allow them the opportunity to increase their bid. Please contact the Auction Firm if you have any questions or require assistance with bidding or functionality of the app.
BUYER’S PREMIUM, DOWN PAYMENT & CLOSING: A Buyer’s Premium of 10% of the high bid amount will be added to the final bid to determine the total purchase price (for example: a high bid in the amount of $10,000.00 will have a 10% Buyer’s Premium ($1,000.00) added to the high bid for a total purchase price of $11,000.00). Please consider the Buyer's Premium when placing all bids. The Buyer’s Premium is firm and is non-negotiable.
CONTRACTUAL DEFAULT/NON-PERFORMANCE: If the Buyer fails to complete the transaction for ANY reason, their deposit will be forfeited and they may be held responsible for any deficiency in price upon resale, and the costs of resale, among any other remedies allowed by law. In addition, any high bidder who fails to fulfill their contractual obligations will be banned from bidding at ALL future auctions conducted by this Auction Firm.
AS IS - WHERE IS – IF IS SALE: The properties are being sold strictly "AS IS, WHERE IS, IF IS” with no financing, inspections, or other contingencies of sale. The sale is immediately binding and irrevocable. Bidders must conduct their own due diligence and investigation of the property to determine suitability prior to placing any bids. Bidders must rely solely upon their own investigation and not on information provided by the Auction Firm, or any of their employees or representatives. Failure of a bidder to be fully informed on a property will not constitute grounds for claims or to cancel the sale. All information provided regarding the properties was obtained from official public records and/or other sources deemed reliable and believed correct, but is not warranted or guaranteed whatsoever. Please, DO NOT BID if you have not completed your due diligence.
*NOTICE* By bidding, you are entering into a legally binding contract. An online, public auction bid, is legal and binding. THERE WILL BE NO REFUNDS OR BID CANCELLATIONS. The registered bidder is personally, financially, and legally responsible for their bids and actions, whether representing themselves, or acting as an Agent for another.