Internet Auction - Bid Deadline Thursday, July 24th by 2 PM cdt
492.72 ACRES IN DEKALB COUNTY ALABAMA, download plat
62.94 ACRES IN CHEROKEE COUNTY ALABAMA, download plat
SELLING IN TRACTS OR AS A WHOLE
PROPERTY 1 - These 492.72 acres have rolling terrain with three creeks and several lake sites and over 1,278.46 feet of frontage on the Little River. The property offers plenty of privacy and the opportunity to hunt, fish, hike, horseback riding, as well as ATV`s. It is a great place to camp and enjoy all types of outdoor activities. There is also the opportunity to put the property into a conservation easement or develop the property for mini farms. This property is defiantly worth investing a little time to look at it.
From Hwy.117 and the intersection of CR 106 go west on 106 for 4.4 miles and turn left on CR 633 Then go 4/10 mile to a private road, continue 1.1 mile on private road to 5 Trails Crossing and turn right go 3/10 mile to the auction sign and the property on the left.
From Hwy.117 and Moon Lake Rd. (E. River Rd.) go south for 2/10 mile on E.River Rd. then turn left on CR 165 then right on CR 177 go 1.1 mile and turn right on CR 406 then go 3.1 miles and turn left on CR 625 and go 2.2 miles to dead end and turn right on privet road and the property.
Property 2 - These 62.94 acres will be offered in two tracts and ready to develop or have your own private retreat. Both tracts will have lake frontage and access to great fishing and swimming. The property lays well and offers excellent building sites. The property joins the Little River Canyon National Preserve, a great neighbor.
LOCATION for 62.94 acres. From the intersection of Hwy. 35 and CR103 take CR103 for 1 mile to the property on the left.
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STEPS FOR THE INTERNET BIDDING PROCESS:
HOW IT WORKS: This is a new and unique way that we are marketing and selling tracts. We are screening our sellers and making sure that they are motivated and capable of pulling the trigger and selling these tracts. We have a bid deadline for this auction of July 24th, 2014 by 2PM. Anyone who submits a bid, any bid at all, will gain access to a webpage that posts all the bids as of the bid deadline. Then anyone who has submitted a bid will be able to analyze their position and they will have a chance to resubmit their bid if they would like. The bidding process will continue until no one will bid anymore. The bidding usually closes within 24 hours of the bid deadline.
STEPS: Download a Letter of Intent
REGISTER: You can register on this page. By registering, Dempsey Auction Co. will contact you and start the process. We will talk you through the details of the property and the bidding process.
DUE DILLIGENCE: We highly recommend that you go and walk the property before making a bid. We will be happy to meet you at the property and walk it with you if it would be helpful. Any questions you have regarding survey, zoning, perktests, etc can be addressed.
LETTER OF INTENT: We have a sample letter of intent that you can view or download on this page. This is our suggestion. However, you can use your own Letter of Intent or we can help you create one. This letter of intent will outline the terms of your offer and the conditions of the closing.
CONFIRMATION: Our goal is to sell it as high as we can and yours is to buy it as cheap as you can. This is a very fair and open process. Anyone who submits a bid will have a chance to see all the bids and compete, just like a real live auction. Once the bidding process stops, which will be within 24 hours of the bid deadline, we will work with the seller to confirm the bid.
LICENSED REALTORS/AUCTIONEERS ARE URGED TO PARTICIPATE IN THIS AUCTION BY REGISTERING YOUR PROSPECTS ON OUR FORM – A BROKER PARTICIPATION WILL BE PAID ON ANY SUCCESSFUL REGISTRATION – WE WOULD APPRECIATE YOUR HELP!
TERMS – WE RECOMMEND OFFERING A 20% DOWN PAYMENT WITH THE BALANCE IN 30 DAYS, BUT YOU CAN MAKE ANY KIND OF OFFER YOU WOULD LIKE.
THERE IS NO BUYER’S PREMIUM INCLUDED IN THIS INTERNET AUCTION. PROPERTY TAXES WILL BE PRORATED. TITLE INSURANCE IS AVAILABLE AT THE BUYER’S EXPENSE.
EARLY BIDS - Anyone can bid on this property at anytime. The property can sell before the deadline if an acceptable offer is submitted early.