4971 Floyd Highway South , Willis, VA 24380(Floyd County)

Tract 1 This property features a house built in 1946 and has over 1,100 sq. ft. of living space plus a full basement. Features an oil furnace and has a flu for wood stove. Roof is approximately 8 years old. Has private well and septic. House is in need of improvement. Nice level lot with mature apple trees, white and red grape vines. Great location near stores and schools (convenience store, gas, banks, Dollar General, etc).

Tract 2 This property is a vacant land tract behind the home. It features 0.71 +/- acre and has over 147 feet of road frontage. It is a beautiful lot with mature apple trees. Great location near Dollar General store, gas station, restaurants, elementary school and more. Has 3 phase power available. Would make an ideal lot for storage buildings or small business location. Seller expected to perform their own due diligence in regards to perk and land uses.

4971 Floyd Hwy S, Willis VA 24380

TBD Big Rock Rd, Willis VA 24380

Online Auction Ending Friday June 3rd at 3 PM

Online Bidding Online bidding is now active and runs through 3 PM on June 3rd, 2022. SOFT CLOSE.

Preview Date - Monday May 23rd at 4 PM

PRE-AUCTION SALES: As an agent for the Seller, the Auctioneer must present any and all bona fide written offers to the Seller, which may be created outside of the online bidding platform. Therefore, all properties are subject to pre-auction sales. Pre-auction offers must meet all of the auction terms and conditions and must be submitted to the Auctioneer on the Auction Real Estate Sales Contract, along with the required earnest deposit. Properly submitted offers will be presented to the Seller in a timely manner. Seller may accept or reject such offer at their sole and absolute discretion. When a pre-auction offer is submitted, all properly registered online bidders will be notified that an offer has been submitted and on which specific property, however the amount of the offer shall remain confidential. All pre-auction offers must allow a minimum of 24 hours for sellers acceptance. A Buyers Broker Fee of (2%) is offered on any pre-auction offers that are properly completed and submitted on the appropriate forms provided by the auction company.

SOFT CLOSE: If a bid is received within the last 3 minutes of the auction, the auction close time will automatically extend 2 minutes to allow other bidders an opportunity to competitively bid prior to the auction closing. This feature eliminates "snipers" and encourages fair and impartial bidding from all participants.

BUYERS PREMIUM TEN PERCENT (10%): Buyers Premium shall be added to the final bid price place online, which will determine the Total Contract Sales Price. Bidders hereby understand that the Buyers Premium shall be added to the winning bid to create the Total Contract Sales Price for which they are obligated to pay for the property. Example: (winning online bid $100,000 + 10% buyers premium = total purchase price of $110,000).

TERMS AND CONDITIONS

10% Buyers Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $5,000 per tract required on day of sale (June 3rd 2022). Close on or before July 18th 2022. Subject to seller confirmation. Property sold as is, where is with any and all faults. Buyer is expected to complete their own due diligence. Tracts are being offered individually and if bidder wishes to purchase both tracts, bidder will need to be the high/winning bidder on both tracts. Bidding will remain open on both offerings until all bidding is complete. Auction starts ending at 3 PM on June 3rd 2022. Please note that during the last two minutes of bidding, if a new bid is placed, the clock is automatically extended an additional two minutes. Download Bidder Information Pack for complete terms and conditions, purchase contract and maps.