Check out this 1920s model house, with approximately 1,500 sq/ft., ready for renovation! This house has been professionally moved and leveled. It is situated on just over a half acre in the Enchanted Oaks Subdivision in Somerville. It's close to Somerville Lake, town, and has some of the larger expenses complete such as: new roof, new windows and air conditioning.
This property, including land and house, will be offered via online auction. Terms and Conditions, bidding link, and additional property information will be uploaded shortly. There is a 10% buyers premium that will be added to the final bid price achieved via auction. The seller has the right to accept, reject, or counter any and all pre-auction offers. This property has a reserve and the seller reserves the right to accept, counter, or reject the final bid price. The list price of $100,000.00 is the OPENING BID price on this property. Listing agent is a licensed real estate broker and licensed auctioneer - TXL 17037
Last updated 1/1/24
Thank you for attending today's auction. Good luck!
All bidders must register acknowledging that they have read and agree to these "Terms
and Conditions” of the sale as outlined prior to bidding. It is important that you
familiarize yourself with the terms and conditions as all sales are final and irrevocable.
The terms of sale are non negotiable. Registration at the auction finalizes each bidder's
agreement to the terms and conditions of the sale. Do not bid until you have read the
terms and conditions. Bidders may register online to bid on the specific property in
question. There is no fee to register although a valid credit card will be required to verify
identity and funds. By bidding you are representing to Buck Up Enterprises, LLC., Buck
Up Auctions, Buck Up Realty, Buck Up Property Consultants, LLC., ("Agent" and/or
"Auctioneer") and the seller that you have read and agree to be bound by the terms and
conditions for this sale as stated herein. If you do not agree with any of the terms and
conditions stated DO NOT BID or you will be bound by those terms and conditions. By
bidding you agree to all disclosures.
Auctioneer's Note: Buck Up! Enterprises, LLC - dba Buck Up Auctions, has been
contracted to sell real property for the seller's associated with the property.
Property Description: Legal Description per Burleson County Appraisal District: S2507
ENCHANTED OAKS PARK LOT 91 0.5825 ACRES
Forms of Sale: Before Auction Offer - Offers may be placed up until 7:00 P.M. on
DAY BEFORE THE AUCTION CLOSES. All offers placed are irrevocable and subject
to the terms and conditions of the auction. Seller reserves the right, but is not
obligated, to go under contract before auction or may choose to open the auction at
the offer price.
Auction Methods: Online Bidding to open when Terms & Conditions are approved by
seller & property auction is uploaded to bidding platform. Online auction is scheduled to
end/close on Tuesday, January 30, 2024 at 6:00 P.M. .- Central Time. The high bid
amount at the close of the online auction will serve as the starting bid at the live
auction, in the event the seller and auctioneer agree and advertise on-site bidding. At
this time, this property will NOT be offered at live on-site bidding. All bidding will take
place online.
All online bidders have the choice to: let their offer/bid stand, show up and bid in person
or place proxy (phone/absentee) bids with the Bid Assistants/Auctioneers at the on-site
auction, or via email, if arranged prior to start of live auction, or at the Buck Up Auctions
& Realty office located at 115 E. Thigpen Carmine, TX. 78932. All funding approval
must be approved at the bid amount or above. **Note when obtaining bidding approval,
we encourage you and/or your financial institution to provide your maximum amount for
bidding ability.
Onsite Auction Method: Buck Up! Auctions has the right to have an onsite auction if
deemed necessary. If the onsite auction is utilized, the terms and conditions will be
updated, and all bidders will be notified. Bid Assistants/Auctioneers will be onsite to
accept bids in person, via phone, and via left absentee bids. Auctioneer and Bid
Assistants will also be available to assist you with app downloads, registering to bid, &
provide guidance, regarding the bidding process. The high bidder will be announced at
the completion of the auction. If onsite bidding is utilized, simulcast bidding will be
provided for online bidders.
By bidding or making an offer ON or BEFORE the auction, you are placing an
irrevocable offer and agreeing to pay your bidloffer price, plus the 10% buyer's
premium added to the sale, creating the final sales price and adhering to the terms
& conditions that are a part of this transaction.
Inspection/Preview: Please call to schedule outside of pre-scheduled dates and
times. Scheduled property preview dates may be added, disclosed, and updated up
until the day the auction closes. Dates and times may be changed or adjusted. For
additional information please call or text Heather at 979.421.0325 or
heather@buckupauctions.com or the Buck Up Auctions & Realty office at
info@buckuprealty.com. - PROPERTY IS AVAILABLE TO VIEW AT ANY TIME.
Setting appointment to view before showing is required and needed to get access
code.
There is a 10% BUYERS PREMIUM on the sale of this property. 10% will be added to
the final bid price of the property and will become part of the final sales price at closing
and funding. This buyers premium also applies to pre- & post-auction offers.
Announcements: All announcements made the day of auction take precedence over
any and all previously written advertisements or any prior written or verbal terms of
sale. Updates and announcements will be made via the bidding app & may be made
throughout the offer and bidding process. The Auctioneer suggests that all bidders opt
in for notifications when the app is downloaded. Auctioneer and auction company are
not responsible for missed notification. Seller reserves the right to withdraw property
from auction at any time.
Earnest Money: Upon the completion of the live auction the winning bidder will
immediately make an earnest money deposit of $2,000.00 U.S. dollars.
The earnest money will be made in the form of a personal (funds verified) or cashier's
check payable to Texas Country Title, entrusted to Ashley Moehling (escrow officer),103
S Main St, Giddings, TX 78942. The remainder of the purchase price is due upon
closing. BIDDING IS NOT CONTINGENT UPON FINANCING APPROVAL. YOU ARE
RESPONSIBLE FOR YOUR FINAL BID PRICE, REGARDLESS OF FINANCING
APPROVAL.
Proof of funds or Letter from your bank is to be provided to the Auctioneer/Broker, no
later than THE DAY BEFORE THE AUCTION –7:00 P.M. Bidding abilities may be
denied until funds are verified.
Minerals: Seller does not own any mineral interest, but will convey surface rights to the
new owner.
Documentation: Upon the completion of the auction the winning bidder will sign a
contract and any supporting documents once Auctioneer/Broker receives Seller’s bid
approval. The contract will be on Texas Real Estate Commission and/or Texas
Association of Realtors promulgated forms.
Completion of Purchase Documentation for Real Estate: The Auctioneer or Title
Company shall contact the approved buyer, within 24 hours immediately following the
close of the auction. If buyer is an online bidder: Buyer shall have two (2) days following
the auction to return all completed Texas Association of Realtors (TAR) documents or
shall be subject to paying a liquidated damages amount equal to the earnest money and
buyers premium combined. If the winning bidder is in person & reserve has been met,
the winning bidder will fill out all necessary documentation at the close of the auction. If
you wish to have the purchase documents reviewed by an attorney, please contact
Auctioneer PRIOR to the auction and we will provide them to you for review so as to not
delay the post auction process. Be sure you have asked all of your questions prior to
bidding.
Bidding Process: No bid may be withdrawn by a bidder once made to the Auctioneer
or bidding platform. All bids are an irrevocable offer to buy and shall remain valid and
enforceable until the Auctioneer declares the property "sold" and the auction has
concluded. The Auctioneer reserves the right, but has no obligation, to bid on behalf of
the seller. The seller has the right to accept or reject all bids. The Auctioneer will control
any increments of bidding. The bidder's number is non transferable.
Internet Bidding: This auction will feature online bidding. Bids may be taken from both
online bidders and bidders placing their max bid, allowing the platform to bid on their
behalf. The sale will be controlled both by the auctioneer personally and by the online
bidding program. Auctioneer and Bid Assistants will be available at scheduled preview
days and day of sale to assist with app downloads & bidding questions, if needed. Buck
Up Auctions, Buck Up Property Consultants, LLC., Buck Up Realty and its affiliates and
assigns are not responsible for malfunctions or system errors which cause a bid or
bidder to fail to be recognized or registered. In the event of a dispute or loss of internet
bidding platform functionality, the online bidders and bidders that have placed a max
bid, accept that the auctioneer may re-open the bidding at the auctioneer's sole
discretion and shall serve as the sole arbiter as to who is or is not allowed to bid,
restarting an auction, reaching out to registered bidders by other means.
Acceptance of Bid Price: Seller has the right to accept or reject any and all bids or
counter the high bid of the property, if seller’s reserve is not met. The Buyer/Bidder is
responsible to honor their bid until the seller rejects the high bid in writing. The Auction
Company will make every effort to receive full acceptance upon the final bid of the live
auction. Sellers may choose to extend the online auction, if the reserve price is not met.
Real Estate Taxes and Assessments: Property taxes for 2023 will be prorated to the
date of closing and funding. The buyer(s) will be responsible for all taxes imposed after
the execution of the General/Special Warranty Deed.
Rollback Taxes: The buyer will be responsible for any "rollback" property taxes.
Rollback taxes may occur when the new buyer intends to use the property differently
than its current use. An example: a property being used for ag production changing to
commercial use - non-ag related. Contact attorney for further explanation.
Closing & Funding: Will take place on or before 45 DAYS FROM THE AUCTION
DATE or sooner at Texas Country Title, Giddings, TX or as soon as applicable closing
documents, and due diligence has been completed. Buyer & Seller will pay respective
closing costs.
Possession: Upon closing and funding.
Title: A General Warranty Deed shall be executed by the owners of the property,
conveying the real estate to the buyer(s). Seller shall furnish to Buyer at Seller's
expense an owner policy of title insurance. Title will be issued by the selected title
company in the amount of the sales price. In the event that an issue arises when the
title is pulled. The seller will have 120 days to remedy the issue, or terms mutually
agreed to between buyer and seller. In the event that the issue cannot be remedied,
Seller will refund earnest money to buyer.
Property specific information will be included in the Property Information Packet.
Survey: Buyer is responsible for securing their own survey, if desired. Boundary
markers are currently marking the property boundaries. Buyer is responsible for any and
all information, including, but not limited to: boundary lines, encroachments, and metes
and bounds. This is in the Property Information Packet (PIP). Buyers will be responsible
for any additional survey costs desired or required. The advertised legal description
including but not limited to acreage, square footages, and any other measurements are
approximate and have been assessed based on Appraisal District records, aerial
photos, or other reliable sources. Information supplied by Auctioneer should not be
deemed reliable and prospective buyer should verify all legal descriptions and boundary
lines. If the survey provided does not meet prospective buyer's needs, it will be the
responsibility of the prospective buyer to pay for and furnish their own survey.
Information of Brokerage Agency: Buck Up! Enterprises, LLC - dba Buck Up
Auctions, in conjunction with Buck Up Property Consultants and auction/realty
personnel are exclusive agents of the seller. An Information about Brokerage Services
(ABS) form (TREC No. OP-K) is supplied in the PIP package. Texas Law requires all
real estate licensees to supply this form to all prospective buyers, tenants, and sellers.
Broker Registration: Brokers/Agents must accompany their client at ALL showings &
register their client by 7:00 pm on the business day immediately preceding the auction
via the Broker Participation Form, no exceptions. It is the responsibility of any agent
representing a client to have completed and returned the Broker Participation Form by
the published deadline. No registration forms will be accepted at the auction. Brokers
MUST accompany clients at all showings & inspections and attend the auction with their
client, be present as their client executes any online bidding, to be offered full 3%
commission.
Breach or Failure to Close (Default): If any conditions contained herein are not
complied with by the buyer, or the buyer fails to close in accordance with the Real
Estate Contract of Purchase, the earnest money deposit & buyers premium will be
forfeited as liquidated damages. However, such forfeiture shall not preclude Buck Up
Enterprises, LLC., Buck Up Property Consultants, LLC, Buck Up Auctions, Buck Up
Realty or the seller from enforcing additional remedies available as detailed in the Real
Estate Contract of Purchase.
Environmental Disclaimer: The seller and Buck Up! Enterprises, LLC.- dba Buck Up
Auctions, Buck Up Property Consultants, LLC. Buck Up Realty, agents, contractors,
employees, affiliates and assigns do not warrant or covenant with buyers with respect to
the existence or nonexistence of any pollutants, contaminants, mold, or hazardous
waste prohibited by federal, state, or local claims based thereon arising out of the actual
or threatened discharge, release disposal, seepage, migration or escape of such
substances at, from or into the demised premises. Buyer is to rely upon their own
environmental audit or examination of the premises.
Disclaimer: Information supplied in this property information package (PIP) and all
supplied material is subject to the terms and conditions in this agreement. The property
described in this (PIP) is being offered to the highest bidder "AS IS", "Where IS" and no
warranty or guarantee, expressed or implied, concerning the property made by the
Seller, Auction Company or broker.
Each potential buyer is encouraged to perform his/her own independent inspections,
inquiries and due diligence concerning the described property (at buyer's expense). The
information is being furnished to bidders for the bidder's convenience and it is the
responsibility of the bidder to determine that information contained herein is accurate
and complete. Any reliance on the contents shall be solely at the recipient's risk. Buyer
agrees to accept property with its current zoning, easements, and any and all
right-of-ways that carry with it. All information is taken from sources deemed to be
accurate and reliable, all measurements are approximate and not to scale. The seller
and the auctioneers, Buck Up Enterprises, LLC. - dba Buck Up Auctions, Buck Up
Property Consultants, LLC., Buck Up Realty, contractors, employees, firm, brokers,
affiliates or assigns assume no liability in this matter. Any and all announcements made
the day of auction take precedence over any and all previously written advertisements
or any prior written or verbal terms of sale but shall in no event form the basis of any
representation or warranty by seller or auctioneers. Auctioneer has a right to accept or
reject all bids. The Seller and Auction Company reserve the right to prohibit any person
from bidding not in good standing with the Auction Company and or Broker. In case of a
tie or disputed bid, the Auctioneer reserves the right to re-open the bidding to determine
the highest bid and settle the disputed bid. This is at the sole discretion of the
Auctioneer. All decisions made by the Auctioneer and or Broker are final.
OBLIGATION OF BUYER FOR THE BENEFIT OF SELLER, CLOSER, OR AGENT IN
THIS CONTRACT SHALL SURVIVE THE CLOSING AND/OR TERMINATION OF THIS
CONTRACT.
Corrections or Amendments: Any corrections and or amendments will be posted to
the bidding platform at bid.buckupauctions.com.
Indemnification of Agent and Closer: Buyer jointly agrees to indemnify and hold
closer and agent their agents, principals, associates, affiliates, assigns and employees
harmless against any and all losses, claims, damages or liabilities and expenses not
resulting from agent or closer's bad faith or gross negligence, including costs of
investigation, attorney fees, and disbursements, which may be imposed upon or
incurred by agent or closer hereunder relative to the performance of their duties related
to the parties or the property, including without limitation any litigation arising from or in
respect of this contract or the transactions contemplated hereby. Closer and agent shall
not be liable for any error of judgment or for any act done or omitted by them in good
faith. Closer and agent are authorized to act on any document believed by them in good
faith to be executed by the proper party or parties, and will incur no liability in so acting.
Closer and agent are in all respects and for all purposes third party beneficiaries of this
contract to the extent that this contract would entitle them to rights or benefits if they
were signatory parties hereto, and each of them is entitled to enforce such rights and
benefits, as herein provided, to the same extent they would be entitled if they were such
signatory parties. ANY INDEMNIFICATION, DEFENSE OR HOLD HARMLESS
www.buckupauctions.com prior to the live auction. Prospective buyer(s) will be solely
responsible for reviewing any and all possible updated material. Buck Up Property
Enterprises, LLC. - dba Buck Up Auctions, at (979)421-0325.
Buyer Representation Form
I have read and agree to the Terms and Conditions of the auction sale as set forth
herein. I have read, understand and agree to all of the terms and conditions in the Real
Estate Contract of Purchase and will sign the Real Estate Contract of Purchase without
making any changes to the pre-printed text. . I understand that I do NOT have an
agency relationship with Buck Up! Enterprises, LLC. - dba Buck Up Auctions, Buck Up
Property Consultants LLC./Buck Up Realty, its auctioneers, contractors, employees,
brokers, affiliates, or assigns and all parties associated with. I accept full responsibility
for due diligence on the real estate on which I am bidding. I understand that all real
estate will be sold "AS IS, WHERE IS. WITH NO GUARANTEES OR WARRANTIES
EITHER EXPRESSED OR IMPLIED". I understand if I am the successful high bidder
the sale of the property is not contingent upon obtaining a certificate of occupancy. I
understand that, in the event I am the successful high bidder, and if I fail to
close per the Real Estate Contract of Purchase, my earnest money deposit and buyers
premium deposit will be forfeited. I understand that, in the event I am the successful
high bidder in a reserve auction, the seller has two (2) business days to accept or reject
the high bid and that my offer is irrevocable during that time period. I understand this
agreement will become part of the Real Estate Contract of Purchase if I am the
successful high bidder. In the case of conflict between the Real Estate Contract of
Purchase and these Terms & Conditions of Auction Sale for Real Estate, that the Real
Estate Contract of Purchase shall take precedence.
BY SIGNING BELOW AND BIDDING, YOU HAVE ACCEPTED THESE TERMS AND CONDITIONS.
