Advanced Real Estate Marketing

Mississippi (Brandon & Corinth) Commercial Property

 2 Commercial Land Property Auctions: Corinth, MS and Brandon, MS   Broker Participation is welcome. We offer a 3% buyer broker fee. 10% Buyer’s Premium MS: Will McLemore, McLemore Auction Co, Inc., MSAL# 1459F / MSRE# 21331  

 2 Commercial Land Property Auctions:

Corinth, MS and Brandon, MS

 

Broker Participation is welcome. We offer a 3% buyer broker fee. 10% Buyer’s Premium

MS: Will McLemore, McLemore Auction Co, Inc., MSAL# 1459F / MSRE# 21331


 

ONLINE BIDDING TERMS

 

To bid on our property(s), you must be of legal age to enter into a contract to purchase real estate (18 in most states, 21 in others). If you're in doubt about the legal age to enter into a contract in your state, please consult with competent legal counsel before bidding. All bids are placed in US DOLLARS.

  1. BIDDER ACKNOWLEDGEMENT

  1. As the auction nears the ending time it will auto-extend until bidding is silent for a minimum of 2 minutes.

  2. If there is more than one high bid at the same level (a tying bid), the bid first submitted will be honored.

  3. All bids shall be deemed pending unless and until duly accepted by the auctioneer.

  4. The auctioneer shall have sole discretion in deciding the successful bidder in the event of a bidding dispute. The auctioneer's determination of the successful bidder shall be the final determination of the successful bidder.

  5. All bids are accepted at the sole discretion of the auctioneer.  For any given auction, the successful bidder is deemed the bidder that places the bid that is accepted by the auctioneer.

  6. The auctioneer has the sole and absolute discretion to advance the bidding, including the discretion to reject any bid which the auctioneer believes, does not advance the auction and/or is injurious to the auction.  Bids that may be rejected include without limitation bids that appear to the auctioneer to be nominal, suspicious and/or suspect.

  7. Seller reserves the right to postpone or cancel this auction at any time for any reason. Seller also reserves the right to add, sell, and/or remove any property at any time.

  8. Neither the company providing the software nor the auction company or seller shall be held responsible for a missed bid or the failure of the software to function properly for any reason, including but not limited to any internet connection failures.

  9. All registration information the bidder provides shall be current, complete, and accurate. All bidders are responsible for any bids placed under their bidder accounts/number and passwords. The security of bidder information is the responsibility of the bidder. Bidders must notify Target Auction Company if they believe that their bidder account/number and password have been compromised.

  1. All properties will be selling subject to seller’s approval unless otherwise stated.

  2. By using the “App” or registering to bid, you agree to all of the terms and conditions and expressly acknowledge and affirm that you have read and are familiar with the Online Bidding Terms, Terms and Conditions of Sale as well as all the disclaimers, conditions and all other related documents set forth in regard to the auction, property, and method of bidding.

  3. By placing a bid, you acknowledge that your bid is a legally binding offer to purchase the property being auctioned.  Your bid (i.e., offer) may be accepted by the auctioneer, in which case a legally binding agreement will be in place between you and "Auction Company".

  4. For Online Bidders: The MaxBid function on the online bidding platform is not private and can be seen by Auctioneer. Auctioneer reserves the right to bid on behalf of the Seller, up to the reserve amount. Seller has the right to modify the reserve at any time. When a Bidder places a MaxBid, it will be placed at the reserve price if said MaxBid meets or exceeds the reserve. If the MaxBid amount is below the reserve, the MaxBid will be placed for the full MaxBid amount.

  1. TERMS OF SALE This is a CASH SALE. This sale is not contingent upon Purchaser’s ability to obtain financing. Successful buyer(s) will deposit 10% of total contract price amount in the form of cashier's check or bank wire transfer to Target Auction Company by 5:00 pm (CT) the following business day after the auction with the remaining balance due at closing within 30 days. Wire Transfers: Please note that a service fee will apply to all payments made via wire transfer. For wire transfer instructions please email auctioninfo@targetauction.com. Contract Packages will be sent by e-mail to the successful bidder at the conclusion of the auction. Successful bidders must execute and fax, email or hand-deliver the package back to Target Auction Company Auction Day.

  2. BUYER’S PREMIUM A 10% buyer’s premium will be added to the winning bids to determine the total contract price.

  1. ON-LINE AUCTION REGISTRATION Bidders are required to register for the online auction by submitting a valid credit card for bidding approval. Should Auction Company require a registration fee to be charged to your credit card in order to place bids on a property, this information (including the required amount) will be disclosed on the property's auction page.

  2. DEFAULT It is agreed by all parties that in the event the Purchaser fails to execute the Contract For Sale And Purchase, or submit the required deposit, or close the transaction, Purchaser will be declared in default and will forfeit any registration fees or deposits. Seller and Auction Company reserves all rights allowed by law and the Contract For Sale And Purchase, including a suit for damages, specific performance or cancellation of the transaction, with the Seller to retain the Earnest Money Deposit. 

  1. EQUAL OPPORTUNITY CLAUSE All bidding is open to the public.  The Property is available to qualified Purchasers without regard to race, color, religion, sex familial status, national origin, or physical handicap.

  1. BIDDER VERIFICATION The identity of all bidders will be verified, bidding privileges are provisional, and if complete verification is not possible, Target Auction Company reserves the right reject the registration and bidding activity is subject to termination.

  1. AUCTIONEER’S AGENCY DISCLOSURE The Auctioneer is acting exclusively as the agent for the Seller in this transaction and is to be paid a fee by the Seller pursuant to a separate written agreement between Seller and the Auction Company.  The Auctioneer is not acting as an Agent in this transaction for the Purchaser.  Any third party Buyer Broker is not a Subagent of Auction Company.

  1. AUCTION END TIMES All Target Auction Company’s online real estate auctions are subject to extended bidding due to bidding activity.  Target Auction Company reserves the right to adjust the auto extension time period or end the auction at any time.

  1. If you are outbid by another bidder, you will receive an email notice so you can return and increase your bid if you so desire.

  2. As the auction nears the ending time it will auto-extend until bidding is silent for a minimum of 2 minutes.

  3. The high bidder will be notified via email after the auction ends.

  1. TIME SHALL BE OF THE ESSENCE.

  1. PROPERTY INFORMATION The Property is selling “AS IS” subject to, and any CONTRACT IS NOT CONTINGENT upon, any state of facts an accurate survey or personal inspection of the Property may reveal, any existing or proposed rights-of-way, prior reservation or conveyances, restrictive or protective covenants, easements, encroachments, rights or claims of parties in possession, zoning, building codes, permits, governmental agencies regulations, environmental conditions (including but not limited to wetlands, riparian, or littoral rights), flood zones, zoning or subdivision regulations, hazardous materials, water rights or water access, mineral rights or reservations, leases or tenancies, and subject to all title exceptions as set forth in the Title Commitment.

  2. NEW DATA, CORRECTIONS, AND CHANGES Please check for updated information for any changes, corrections, or additions to the property information. Information and property details are updated on an ongoing basis. It is the responsibility of the bidder and/or buyer's agent to verify any updates prior to the end time of the auction. Any statements made auction day, supersede any prior oral or written statements.

  1. GUARANTY AGREEMENT By submitting a bid in the name of a business entity or corporation, the individual submitting the bid has the authority to bid and enters into a guaranty agreement whereby he or she personally guarantees payment of any bid amount not paid when due by the business entity or corporation, for any reason, together with all collection expenses incurred to enforce collection, including a reasonable attorney's fee.

THE PROPERTY IS OFFERED UNDER THE SPECIFIC TERMS PROVIDED IN THE CONTRACT FOR SALE AND PURCHASE AND THE TERMS AND CONDITIONS OF SALE. PLEASE READ AND REVIEW THE THESE THOROUGHLY PRIOR TO BIDDING ON ANY PROPERTY. IF YOU HAVE NOT READ AND REVIEWED THESE, DO NOT BID.