Coming Soon! | Countdown to Closing Event | Large Selection of Residential Building Lots | Henrico County, City of Richmond & Danville, VA | Part 1 of 2 | Online Multi-Property Auction

COMING SOON!
  •   Tuesday, Apr 21 @ 12:00PM EDT (Start)
  •   Thursday, Apr 23 @ 3:30PM EDT (End)
  •   Add to Calendar
REGISTER TO BID! VIEW THE SALE!

Please Call:

Photo of Carly Hancock, AARE

Carly Hancock, AARE
Principal Broker, REALTOR®

Full Profile
Photo of Autumn Glover

Autumn Glover
Real Estate Assistant

Full Profile
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ONE DAY. MULTIPLE PROPERTIES. DON'T MISS OUT - REGISTER TO BID TODAY - COUNTDOWN TO CLOSING EVENT - Part 1 of 2!

Part 1 of 2 Includes Residential Building Lots in Henrico County, City of Richmond, and Danville, VA!

Part 1 of 2 Property List

(click on address for more information)

1. Dabbs House Road & Kingsridge Highway, Richmond, VA 23223

2. 3211 Rear Scottdale Street, Richmond, VA 23234

3. 229 Bermuda Road, Richmond, VA 23224

4. Peachtree Street, Danville, VA 24540

*Check back often as we are continuously adding more properties!*

 

Bidding Instructions & Tips

Properties will begin closing at 3:30 PM. If a bid is placed within the final 5 minutes on any property, bidding on that property will automatically extend by 5 minutes. Each property will close one at a time, and the next property will not begin closing until the previous property has fully closed.

 

Auction Term Highlights and Bidder Requirements

  • Auction Term Highlights
    • Registration Deposit: An initial deposit of $5,000 is required for bidder registration and approval to bid
    • Buyer’s Premium: A 10% buyer’s premium will be added to the highest bid to determine the purchase price
    • Settlement: Settlement must occur within 30-60 days of the sale. Time is of the essence
  • Online Bidder Requirements
    • All bidders MUST register and submit the initial deposit no later than 24 hours prior to the start of the sale

 

Important to Note

  • All sales are AS-IS, WHERE-IS and WITH ALL FAULTS
  • All bidders are encouraged to conduct their own due diligence regarding the property prior to bidding
  • The terms and conditions presented at the time of sale supersede any prior or other terms and conditions related to this sale

 

Financial Lender Recommendations

 

Call Carly Hancock at 804-335-9994 or chancock@motleys.com

Details

ONE DAY. MULTIPLE PROPERTIES. DON'T MISS OUT - REGISTER TO BID TODAY - COUNTDOWN TO CLOSING EVENT - Part 1 of 2!

Part 1 of 2 Includes Residential Building Lots in Henrico County, City of Richmond, and Danville, VA!

Part 1 of 2 Property List

(click on address for more information)

1. Dabbs House Road & Kingsridge Highway, Richmond, VA 23223

2. 3211 Rear Scottdale Street, Richmond, VA 23234

3. 229 Bermuda Road, Richmond, VA 23224

4. Peachtree Street, Danville, VA 24540

*Check back often as we are continuously adding more properties!*

 

Bidding Instructions & Tips

Properties will begin closing at 3:30 PM. If a bid is placed within the final 5 minutes on any property, bidding on that property will automatically extend by 5 minutes. Each property will close one at a time, and the next property will not begin closing until the previous property has fully closed.

 

Auction Term Highlights and Bidder Requirements

  • Auction Term Highlights
    • Registration Deposit: An initial deposit of $5,000 is required for bidder registration and approval to bid
    • Buyer’s Premium: A 10% buyer’s premium will be added to the highest bid to determine the purchase price
    • Settlement: Settlement must occur within 30-60 days of the sale. Time is of the essence
  • Online Bidder Requirements
    • All bidders MUST register and submit the initial deposit no later than 24 hours prior to the start of the sale

 

Important to Note

  • All sales are AS-IS, WHERE-IS and WITH ALL FAULTS
  • All bidders are encouraged to conduct their own due diligence regarding the property prior to bidding
  • The terms and conditions presented at the time of sale supersede any prior or other terms and conditions related to this sale

 

Financial Lender Recommendations

 

Call Carly Hancock at 804-335-9994 or chancock@motleys.com

Property Address: Countdown to Closing – Multi-Property Auction Event  

TERMS AND CONDITIONS   

**By participating in this auction, you confirm that you have reviewed and agreed to all Terms and Conditions.**   

**Announcements made by the Auctioneer on the day of sale shall supersede and control over all prior written or oral statements, including but not limited to catalogs, advertisements, and online listings. Terms and Conditions are subject to change.**  

Type of Sale: Unless announced explicitly otherwise, this is a reserve auction subject to Seller confirmation. No sale is final unless and until accepted by the Seller, in Seller’s discretion. 

Due Diligence & Inspection: All real property offered for sale is sold WHERE-IS, AS-IS, WITH ALL FAULTS, and WITHOUT ANY CONTINGENCIES, including but not limited to financing, appraisal, inspection, or condition of the property. Bidder acknowledges that it is not relying upon any statements, representations, or omissions by Seller or Auctioneer except as expressly set forth in the deed. No representations or warranties of any kind, express or implied, are made by Motleys.   

All information provided by Motleys is furnished solely as a convenience and does not constitute a warranty or representation. While such information is believed to be accurate, no guarantee or assurance is made as to its accuracy or completeness, and any reliance thereon shall be at the sole risk of the bidder. Motleys denies all responsibility for the physical condition of the property. All bidders are solely responsible for conducting their own independent investigations, inspections, and due diligence prior to placing any offer or bid. By placing an offer or bid, bidders acknowledge that they have had the opportunity to inspect the property to their satisfaction and agree to accept the property in its existing condition. Motleys, and its agents and subagents, assume no liability for errors or omissions in any property listing, or promotional materials.     

Registration: All bidders must register to bid at Motleys.com or, if applicable, onsite the day of the auction. Registration alone does not constitute approval to bid. Approval is in Motleys sole discretion and is contingent upon receipt and verification of the required initial deposit and participant verification.   

Bidder Verification: All bidders must be verified. Registration and bidding rights are provisional, and Motleys may deny or terminate a bidder’s participation if Motley’s cannot complete the verification process. A verifiable address, phone number, and email address are required. Bidders must contact the sale coordinator after registering to provide the necessary information for approval to bid.   

Required Deposits: All registered bidders must submit an initial deposit; the winning bidder is additionally required to submit an earnest money deposit. 

Initial Deposit: An initial deposit of ​$5,000​ is required for approval to bid both online and in-person. The initial deposit of $5,000 can be paid by wire transfer, cashier’s check, or credit card. Credit card payments are subject to confirmation of receipt of funds by Motley’s. Chargebacks are prohibited. Bidder agrees that any chargeback is a default that may subject bidder to liability for breach. Initial deposits are due at least 24 hours prior to the auction ending. Please call to verify wire instructions before completing a wire. Non-winning bidders will receive a full refund within 3 business days of auction close.   

Earnest Money Deposit: The winning bidder will be obligated to pay a deposit equaling the full Buyer’s Premium in the amount of 10% of the high bid or $2,500, whichever is greater within three business days of the auction ending. Funds collected as a part of the Initial Deposit will be credited towards the Earnest Money Deposit. If a credit card hold was used as proof of funds for the Initial Deposit, the winning bidder must pay the Earnest Money Deposit amount in full. The deposit must be in the form of a wire transfer or cashier’s check from a U.S Bank made payable to Motleys Asset Disposition Group or Motleys Real Estate.  

Buyer’s Premium: A Ten Percent, (10%) Buyer’s Premium or $2,500, whichever is greater, will be added to the high bid to determine the total purchase price. For example, a high bid of $100,000 + 10% buyer’s premium of $10,000 will equal a total purchase price of $110,000.    

Online Bidding: Approved and verified bidders may execute bids at Motleys.com or by downloading the Motleys App.    

In-Person Bidding (Subject to Availability): Approved and verified bidders may execute bids in-person at the live auction event. 

Marketing: By completing the registration process to be a participating bidder for any auction, sale, or event held by Motleys Asset Disposition Group, or any division of Motleys (i.e. Motleys Industrial, Motleys Real Estate, or Motleys Commercial Real Estate), Registrant consents to receive marketing communications but may opt out at any time in accordance with applicable law.   

Pre-Auction Offers: Offers which are submitted to Motleys in writing prior to a sale for execution at or below a specified price shall be entertained and executed by Motleys for the convenience of bidders or participants. Per applicable real estate law, Motleys is required to present all pre-auction offers, and acceptance by seller is beyond Motleys’ control. Foreclosure properties must go through the auction process and pre-sale offers may not be accepted. Motleys shall not be responsible for failing to execute such offers or for errors relating to the execution of such offers.   

Offers:  All bidding is open to the public without regard to age, race, color, sex, gender, disability, veteran status, religion, or national origin. The “high bid” means the highest offer acknowledged by the party conducting the sale, and “purchase price” means the sum of the high bid + the 10% buyer’s premium or $2,500 whichever is greater. The highest offering acknowledged by the party conducting the sale at the end of the sale shall be the buyer of that real property, being that the high bid meets the requirements of the seller and is accepted by the seller. Motleys may reject any bid, advance bidding increments, or reopen bidding at its sole discretion. The party conducting the sale may, in its discretion, advance, recess, reopen, or cancel the offering, and shall resolve any disputes among participants, including those involving bid increments, bid recognition, or technical issues, by determining the successful bidder or re-offering the property, with such decisions being final and binding.  Should there be any dispute after the sale, the record of final sale shall be conclusive. 

Bid Intervals: Motleys, in its sole discretion, will determine bid intervals.   

Extended Bidding Window: If a bid is made within the final five (5) minutes of the scheduled bidding time, the bidding will automatically extend by five (5) minutes. Additional 5-minute extensions will continue for each bid made during an extension period until no further bids are received, at which point the bidding will close.   

Online Offers and Technical Issues: Motleys is not responsible for failing to execute offers due to bidder technological difficulties. Bidders assume all risk associated with online bidding, including latency, connectivity issues, or platform outages. In the unfortunate event of a technical issue, Motleys reserves the right, but is not required, to extend offer time. To minimize the chance of being affected by internet or software issues, please use the “Max Bid” feature. In the event of technical issues, please contact the Motleys listing agent for assistance.   

Contract Signing: At the close of the auction, if the Seller accepts the bid, the successful bidder will be given or emailed the purchase contract containing the Seller’s terms and any additional required documentation to execute and return to Motleys. Failure to execute and return the purchase contract within twenty-four (24) hours of receipt shall constitute a default. This is a legally binding contract. Assignment is prohibited except as expressly permitted by the purchase contract or approved in writing by the Seller or Motleys Auctions, Inc/Motleys Asset Disposition Group, in their sole discretion. The purchase contract and related documents set forth all terms and conditions of the sale, including the deadline for completing the purchase. Copies of these documents are available on the Motleys website or upon request, and it is the bidder or participant’s responsibility to obtain, review, and understand them prior to bidding. In case of a conflict between these terms and the terms of an executed purchase agreement, the terms of the purchase agreement control. 

Administrative Fee: In the event a winning bidder fails to submit the signed contract and the earnest money deposit as agreed in the Terms and Conditions, the winning bidder will be charged an administrative fee of $5,000, which this amount may be paid by retention of the high bidder’s initial deposit in the form of a cashier’s check, wire, or the credit card submitted for bidding authorization, in the sole discretion of the Auctioneer as a penalty for non-performance. Additional default remedies are reserved by Motleys Auctions, Inc./Motleys Asset Disposition Group and the Seller as provided in the Terms & Conditions and the Contract for Purchase. All administrative fees are non-refundable.   

Agency Disclosure: In all transactions, Motleys is acting as an agent for the Seller, not as a Buyer’s Agent. Bidders and purchasers understand and agree that Motleys may, at any time and in Motleys sole discretion, cancel any auction or sale prior to closing.  Bidders and purchasers are on notice that Motleys may bid on the Seller's behalf or accept a bid made by the Seller or made on the Seller’s behalf.    

Closing: The closing will occur within 30-60 days of the sale, unless otherwise stated in the Purchase Agreement. TIME IS OF ESSENCE WITH RESPECT TO ALL CLOSINGS! The winning bidder must timely execute all required documents and follow through with the scheduling and completion of the closing by their designated closing agent, including the payment of the balance of the purchase price. The entirety of the remaining balance is due at closing. The winning bidder shall be responsible for all wire transfer fees or certified check fees. The winning bidder acknowledges and agrees that time is of the essence. Title shall be conveyed subject to all matters of record, easements, zoning ordinances, and restrictions affecting the property. The winning bidder acknowledges it is not relying on any representations outside the deed. The sale of the property is not contingent upon the buyer obtaining financing.   

Closing Costs: The deed shall be prepared and acknowledged by Seller at the Seller’s expense and recorded at the expense of the winning bidder. The winning bidder shall pay all title searches, title insurance charges, survey expenses, usual conveyance expenses, and recordation taxes, including the Grantor’s and Grantee’s Tax. Real estate taxes, rents, water, and sewer charges, if any, will be prorated as of the date of sale. The winning bidder must pay all wire transfer fees.    

Default: If the closing does not occur for any reason whatsoever, other than solely due to the fault of the Seller, Seller shall retain the earnest money deposit as a measure of liquidated damages. Retention of the earnest money deposit shall not be deemed Seller’s exclusive remedy unless required by applicable law. The winning bidder further agrees to pay all attorney fees, court costs and other costs of collection/enforcement incurred by Motleys and Seller due to a default by winning bidder. The property purchased by such defaulting winning bidder may either be resold at the risk and expense of such party or Seller may accept the next highest available offer at the sale. Such defaulting winning bidder shall be liable personally for any deficiency resulting from the resale of the property it purchased at a lower price as well as for all costs, expenses, and attorneys’ fees in connection with such resale.  

Cooperating Broker/Agent: Motleys will pay a TWO PERCENT (2%) Broker Participation Fee based on the high bid/offer, to the broker/agent representing the winning bidder. Broker participation fees are payable only to properly licensed brokers representing the winning bidder pursuant to a valid bidder representation agreement. All broker participation forms must be submitted to Motleys 24 hours prior to the start of the auction.   

Release: The bidder understands that the property is being sold as is and agrees to release any and all claims or causes of action it may have against beneficiary and Motleys (or the employees or agents of either) relating in any way to (a) the sale, (b) the property offered for sale, (c) any condition or aspect of such property that may not be in compliance with any federal, state, or local law, regulation, or ruling including, without limitation, any laws, regulations, and rulings relating to environmental contamination or hazardous waste, and/or (d) any documents, reports, complications, financial statements, projections, surveys, or any other documents delivered to such successful participant by Motleys, and/or the beneficiary, or the agents or employees of either of them (collectively, the “Accommodation Documents”). The winning bidder must acknowledge and agree that the beneficiary, Motleys, and the agents or employees have not made, do not make, and have disclaimed any and all representations or warranties regarding the truth, accuracy, or completeness of any of the documents provided the successful participant relating to the property purchased or the sources thereof and that such documents were provided solely as an accommodation to such winning bidder.   

Governmental Authorizations: The winning bidder for the real property will be responsible for obtaining, at its expense, the approval for any license, privilege, permit, or right necessary to improve, renovate, and/or develop the real property, or to construct, improve, and/or alter any improvements on the real property, and such winning bidder will be responsible for the fulfillment of any conditions imposed or required for such approvals. The sale will be final whether any such approvals are obtained of any necessary or desirable licenses, permits, privileges, or rights.   

Controlling Law: The respective rights and obligations of the parties with respect to the Terms and Conditions of Sale and the conduct of the sale shall be governed and interpreted by the laws of the Commonwealth of Virginia. By making a bid or offer to purchase, whether present in person or by agent, written offer, telephone, online or other means, the bidder or participant shall be deemed to have consented to the jurisdiction of the state and federal courts of the Commonwealth of Virginia.   

Megan’s Law Disclosure: Interested bidders should exercise whatever due diligence they deem necessary with respect to information on registered sexual offenders who might live near a property being offered for sale.   

For questions, call Carly Hancock at 804.335.9994 or email at chancock@motleys.com. 

Virginia Auction License (#16), North Carolina Auction License (#5941), West Virginia (#2545) , Alabama Auction License (#5686), Ohio Auction License (#202500159), Florida Auction License (#AU5599), Georgia Auction License (#AU004761), South Carolina Auction License (#3938),  Indiana Auction License (#AU1250079), Tennessee Auction License (#7698), Kentucky Auction License (#303308), Louisiana Auction License (#LA2250), Mississippi Auction License (#1801) 

Terms

Property Address: Countdown to Closing – Multi-Property Auction Event  

TERMS AND CONDITIONS   

**By participating in this auction, you confirm that you have reviewed and agreed to all Terms and Conditions.**   

**Announcements made by the Auctioneer on the day of sale shall supersede and control over all prior written or oral statements, including but not limited to catalogs, advertisements, and online listings. Terms and Conditions are subject to change.**  

Type of Sale: Unless announced explicitly otherwise, this is a reserve auction subject to Seller confirmation. No sale is final unless and until accepted by the Seller, in Seller’s discretion. 

Due Diligence & Inspection: All real property offered for sale is sold WHERE-IS, AS-IS, WITH ALL FAULTS, and WITHOUT ANY CONTINGENCIES, including but not limited to financing, appraisal, inspection, or condition of the property. Bidder acknowledges that it is not relying upon any statements, representations, or omissions by Seller or Auctioneer except as expressly set forth in the deed. No representations or warranties of any kind, express or implied, are made by Motleys.   

All information provided by Motleys is furnished solely as a convenience and does not constitute a warranty or representation. While such information is believed to be accurate, no guarantee or assurance is made as to its accuracy or completeness, and any reliance thereon shall be at the sole risk of the bidder. Motleys denies all responsibility for the physical condition of the property. All bidders are solely responsible for conducting their own independent investigations, inspections, and due diligence prior to placing any offer or bid. By placing an offer or bid, bidders acknowledge that they have had the opportunity to inspect the property to their satisfaction and agree to accept the property in its existing condition. Motleys, and its agents and subagents, assume no liability for errors or omissions in any property listing, or promotional materials.     

Registration: All bidders must register to bid at Motleys.com or, if applicable, onsite the day of the auction. Registration alone does not constitute approval to bid. Approval is in Motleys sole discretion and is contingent upon receipt and verification of the required initial deposit and participant verification.   

Bidder Verification: All bidders must be verified. Registration and bidding rights are provisional, and Motleys may deny or terminate a bidder’s participation if Motley’s cannot complete the verification process. A verifiable address, phone number, and email address are required. Bidders must contact the sale coordinator after registering to provide the necessary information for approval to bid.   

Required Deposits: All registered bidders must submit an initial deposit; the winning bidder is additionally required to submit an earnest money deposit. 

Initial Deposit: An initial deposit of ​$5,000​ is required for approval to bid both online and in-person. The initial deposit of $5,000 can be paid by wire transfer, cashier’s check, or credit card. Credit card payments are subject to confirmation of receipt of funds by Motley’s. Chargebacks are prohibited. Bidder agrees that any chargeback is a default that may subject bidder to liability for breach. Initial deposits are due at least 24 hours prior to the auction ending. Please call to verify wire instructions before completing a wire. Non-winning bidders will receive a full refund within 3 business days of auction close.   

Earnest Money Deposit: The winning bidder will be obligated to pay a deposit equaling the full Buyer’s Premium in the amount of 10% of the high bid or $2,500, whichever is greater within three business days of the auction ending. Funds collected as a part of the Initial Deposit will be credited towards the Earnest Money Deposit. If a credit card hold was used as proof of funds for the Initial Deposit, the winning bidder must pay the Earnest Money Deposit amount in full. The deposit must be in the form of a wire transfer or cashier’s check from a U.S Bank made payable to Motleys Asset Disposition Group or Motleys Real Estate.  

Buyer’s Premium: A Ten Percent, (10%) Buyer’s Premium or $2,500, whichever is greater, will be added to the high bid to determine the total purchase price. For example, a high bid of $100,000 + 10% buyer’s premium of $10,000 will equal a total purchase price of $110,000.    

Online Bidding: Approved and verified bidders may execute bids at Motleys.com or by downloading the Motleys App.    

In-Person Bidding (Subject to Availability): Approved and verified bidders may execute bids in-person at the live auction event. 

Marketing: By completing the registration process to be a participating bidder for any auction, sale, or event held by Motleys Asset Disposition Group, or any division of Motleys (i.e. Motleys Industrial, Motleys Real Estate, or Motleys Commercial Real Estate), Registrant consents to receive marketing communications but may opt out at any time in accordance with applicable law.   

Pre-Auction Offers: Offers which are submitted to Motleys in writing prior to a sale for execution at or below a specified price shall be entertained and executed by Motleys for the convenience of bidders or participants. Per applicable real estate law, Motleys is required to present all pre-auction offers, and acceptance by seller is beyond Motleys’ control. Foreclosure properties must go through the auction process and pre-sale offers may not be accepted. Motleys shall not be responsible for failing to execute such offers or for errors relating to the execution of such offers.   

Offers:  All bidding is open to the public without regard to age, race, color, sex, gender, disability, veteran status, religion, or national origin. The “high bid” means the highest offer acknowledged by the party conducting the sale, and “purchase price” means the sum of the high bid + the 10% buyer’s premium or $2,500 whichever is greater. The highest offering acknowledged by the party conducting the sale at the end of the sale shall be the buyer of that real property, being that the high bid meets the requirements of the seller and is accepted by the seller. Motleys may reject any bid, advance bidding increments, or reopen bidding at its sole discretion. The party conducting the sale may, in its discretion, advance, recess, reopen, or cancel the offering, and shall resolve any disputes among participants, including those involving bid increments, bid recognition, or technical issues, by determining the successful bidder or re-offering the property, with such decisions being final and binding.  Should there be any dispute after the sale, the record of final sale shall be conclusive. 

Bid Intervals: Motleys, in its sole discretion, will determine bid intervals.   

Extended Bidding Window: If a bid is made within the final five (5) minutes of the scheduled bidding time, the bidding will automatically extend by five (5) minutes. Additional 5-minute extensions will continue for each bid made during an extension period until no further bids are received, at which point the bidding will close.   

Online Offers and Technical Issues: Motleys is not responsible for failing to execute offers due to bidder technological difficulties. Bidders assume all risk associated with online bidding, including latency, connectivity issues, or platform outages. In the unfortunate event of a technical issue, Motleys reserves the right, but is not required, to extend offer time. To minimize the chance of being affected by internet or software issues, please use the “Max Bid” feature. In the event of technical issues, please contact the Motleys listing agent for assistance.   

Contract Signing: At the close of the auction, if the Seller accepts the bid, the successful bidder will be given or emailed the purchase contract containing the Seller’s terms and any additional required documentation to execute and return to Motleys. Failure to execute and return the purchase contract within twenty-four (24) hours of receipt shall constitute a default. This is a legally binding contract. Assignment is prohibited except as expressly permitted by the purchase contract or approved in writing by the Seller or Motleys Auctions, Inc/Motleys Asset Disposition Group, in their sole discretion. The purchase contract and related documents set forth all terms and conditions of the sale, including the deadline for completing the purchase. Copies of these documents are available on the Motleys website or upon request, and it is the bidder or participant’s responsibility to obtain, review, and understand them prior to bidding. In case of a conflict between these terms and the terms of an executed purchase agreement, the terms of the purchase agreement control. 

Administrative Fee: In the event a winning bidder fails to submit the signed contract and the earnest money deposit as agreed in the Terms and Conditions, the winning bidder will be charged an administrative fee of $5,000, which this amount may be paid by retention of the high bidder’s initial deposit in the form of a cashier’s check, wire, or the credit card submitted for bidding authorization, in the sole discretion of the Auctioneer as a penalty for non-performance. Additional default remedies are reserved by Motleys Auctions, Inc./Motleys Asset Disposition Group and the Seller as provided in the Terms & Conditions and the Contract for Purchase. All administrative fees are non-refundable.   

Agency Disclosure: In all transactions, Motleys is acting as an agent for the Seller, not as a Buyer’s Agent. Bidders and purchasers understand and agree that Motleys may, at any time and in Motleys sole discretion, cancel any auction or sale prior to closing.  Bidders and purchasers are on notice that Motleys may bid on the Seller's behalf or accept a bid made by the Seller or made on the Seller’s behalf.    

Closing: The closing will occur within 30-60 days of the sale, unless otherwise stated in the Purchase Agreement. TIME IS OF ESSENCE WITH RESPECT TO ALL CLOSINGS! The winning bidder must timely execute all required documents and follow through with the scheduling and completion of the closing by their designated closing agent, including the payment of the balance of the purchase price. The entirety of the remaining balance is due at closing. The winning bidder shall be responsible for all wire transfer fees or certified check fees. The winning bidder acknowledges and agrees that time is of the essence. Title shall be conveyed subject to all matters of record, easements, zoning ordinances, and restrictions affecting the property. The winning bidder acknowledges it is not relying on any representations outside the deed. The sale of the property is not contingent upon the buyer obtaining financing.   

Closing Costs: The deed shall be prepared and acknowledged by Seller at the Seller’s expense and recorded at the expense of the winning bidder. The winning bidder shall pay all title searches, title insurance charges, survey expenses, usual conveyance expenses, and recordation taxes, including the Grantor’s and Grantee’s Tax. Real estate taxes, rents, water, and sewer charges, if any, will be prorated as of the date of sale. The winning bidder must pay all wire transfer fees.    

Default: If the closing does not occur for any reason whatsoever, other than solely due to the fault of the Seller, Seller shall retain the earnest money deposit as a measure of liquidated damages. Retention of the earnest money deposit shall not be deemed Seller’s exclusive remedy unless required by applicable law. The winning bidder further agrees to pay all attorney fees, court costs and other costs of collection/enforcement incurred by Motleys and Seller due to a default by winning bidder. The property purchased by such defaulting winning bidder may either be resold at the risk and expense of such party or Seller may accept the next highest available offer at the sale. Such defaulting winning bidder shall be liable personally for any deficiency resulting from the resale of the property it purchased at a lower price as well as for all costs, expenses, and attorneys’ fees in connection with such resale.  

Cooperating Broker/Agent: Motleys will pay a TWO PERCENT (2%) Broker Participation Fee based on the high bid/offer, to the broker/agent representing the winning bidder. Broker participation fees are payable only to properly licensed brokers representing the winning bidder pursuant to a valid bidder representation agreement. All broker participation forms must be submitted to Motleys 24 hours prior to the start of the auction.   

Release: The bidder understands that the property is being sold as is and agrees to release any and all claims or causes of action it may have against beneficiary and Motleys (or the employees or agents of either) relating in any way to (a) the sale, (b) the property offered for sale, (c) any condition or aspect of such property that may not be in compliance with any federal, state, or local law, regulation, or ruling including, without limitation, any laws, regulations, and rulings relating to environmental contamination or hazardous waste, and/or (d) any documents, reports, complications, financial statements, projections, surveys, or any other documents delivered to such successful participant by Motleys, and/or the beneficiary, or the agents or employees of either of them (collectively, the “Accommodation Documents”). The winning bidder must acknowledge and agree that the beneficiary, Motleys, and the agents or employees have not made, do not make, and have disclaimed any and all representations or warranties regarding the truth, accuracy, or completeness of any of the documents provided the successful participant relating to the property purchased or the sources thereof and that such documents were provided solely as an accommodation to such winning bidder.   

Governmental Authorizations: The winning bidder for the real property will be responsible for obtaining, at its expense, the approval for any license, privilege, permit, or right necessary to improve, renovate, and/or develop the real property, or to construct, improve, and/or alter any improvements on the real property, and such winning bidder will be responsible for the fulfillment of any conditions imposed or required for such approvals. The sale will be final whether any such approvals are obtained of any necessary or desirable licenses, permits, privileges, or rights.   

Controlling Law: The respective rights and obligations of the parties with respect to the Terms and Conditions of Sale and the conduct of the sale shall be governed and interpreted by the laws of the Commonwealth of Virginia. By making a bid or offer to purchase, whether present in person or by agent, written offer, telephone, online or other means, the bidder or participant shall be deemed to have consented to the jurisdiction of the state and federal courts of the Commonwealth of Virginia.   

Megan’s Law Disclosure: Interested bidders should exercise whatever due diligence they deem necessary with respect to information on registered sexual offenders who might live near a property being offered for sale.   

For questions, call Carly Hancock at 804.335.9994 or email at chancock@motleys.com. 

Virginia Auction License (#16), North Carolina Auction License (#5941), West Virginia (#2545) , Alabama Auction License (#5686), Ohio Auction License (#202500159), Florida Auction License (#AU5599), Georgia Auction License (#AU004761), South Carolina Auction License (#3938),  Indiana Auction License (#AU1250079), Tennessee Auction License (#7698), Kentucky Auction License (#303308), Louisiana Auction License (#LA2250), Mississippi Auction License (#1801)