Auction Information
Recreational Land for Sale in Patrick County VA!
Recreational Land for Sale in Patrick County VA!
You have the opportunity to purchase a beautiful tract of land for sale in Ferrum VA! This property features 67.67 +/- acres of open and wooded land with a stream. It has good building sites with great views of the Blue Ridge Mountains. This property is ideal for a recreational property, hunting retreat, farm, or to build a home in the country. There is a spring branch perfect for a potential pond and beautiful views. This property is near Woolwine VA, Stuart VA, Floyd VA, Fairystone Park, and Philpott Lake. Property is across from the former tennis camp on Charity Highway. Located across from 2446 Deer Run Road.
Located on Deer Run Road, Ferrum VA 24088
Online Only Auction Ending Wednesday, June 22nd at 4 PM
Offering
67.67 Acres +/-; Tax Map # 5018-5; Recorded in Public Record, Patrick County VA.
There is a small cemetery located on pr...
There is a small cemetery located on property.
Online Bidding Online bidding is now active and runs through 4 PM on June 22nd 2022. SOFT CLOSE.
GENERAL TERMS & CONDITIONS: 10% Buyers Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $5,000 required on day of sale (June 22nd 2022). Close on or before August 8th 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. Auction starts ending at 4 PM on June 22nd 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.
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).