10 +/- Acres - A

 

 

• Total Land: Approximately 20 acres of prime residential land.
• Auction Style: Multi-par auction allowing flexibility in bidding:
  • Option 1: Two separate parcels of approximately 10 acres each.
  • Option 2: The entire 20-acre tract as a single purchase.

 

• Location: Nestled in Lumberton, MS, offering a serene yet accessible living environment, just a couple of miles from Little Black Creek Campground and Park.
• Recreation: Enjoy the nearby Little Black Creek Campground and Park, which sprawls over 640 acres with a beautiful lake where you can indulge in fishing, camping, and kayaking.
• Timber: Currently covered with a mix of Pine & Hardwood timber, adding both aesthetic value and potential revenue from timber sales.
• Home Sites: Multiple picturesque spots ideal for building your dream home or investment properties.
• Zone: Free from flood zone restrictions, ensuring peace of mind for future development.
• Mobile Homes Allowed!
• Old home on the  East side of the property being given no value

 

Bank financing or cash accepted - With bank financing a pre-approval letter must be submitted to bid - with cash proof of funds must be submitted to bid

 

Closing Attorney

Pine Belt Land Title

601-800-8290

 

• Farris Auctions/Farris Property Group is acting solely as the exclusive agent for the seller in this transaction.

 

• A 5% buyer's premium on the Final Purchase Price applies.
• Note: The buyer's premium may change for different auctions; please check terms for each auction.

 

• Bidder: Refers to any individual or entity registering for the auction, placing a bid, or bidding on behalf of another with a Power of Attorney.
• Bidder Number/Username: Each is unique and non-transferable.
• Bidder Responsibility: Bidders are responsible for all bids placed with their Bidder Number.
• Acceptance: All Bidders must confirm review and acceptance of these Terms and Conditions at registration and by placing a bid, agree to these terms and those in the Purchase and Sale Agreement.

 

• Information provided by Farris Auctions is believed accurate but without warranties. Bidders must perform their own due diligence.
• Properties are sold "as-is, where-is" with no warranties from the Seller or Farris Auctions.
• The Buyer is deemed to have found the property satisfactory prior to purchase.

 

• If the winning bidder fails to adhere to these terms, their account will be locked, and they will incur a $5,000.00 non-compliance fee.

 

• Bidders are strongly encouraged to inspect properties before bidding. Contact the listing agent or Farris Auctions for access details, especially for occupied properties.

 

• A 5% buyer’s premium of the final accepted bid price or $1,000.00, whichever is greater, is required.

 

• The Purchase and Sale Agreement, wiring instructions, and closing information are emailed to the successful Bidder post-auction or upon bid acceptance.
• The successful bidder must sign the agreement and pay an earnest deposit within 24 hours:
  • For properties less than or equal to $10,000, the full purchase price is due.
  • For properties over $10,000, 10% of the total purchase price is due.

 

• A 2% commission of the highest accepted bid (pre-buyer's premium) is available for qualified, licensed brokers.
  • Brokers must submit the Broker/Bidder Participation Form before the Bidder places a bid or by 3:00 P.M. Central Time the day before the auction. No registrations on auction day.

 

• Failure to execute the Purchase and Sale Agreement or submit the earnest deposit within 3 days results in a $5,000 Non-Compliance Fee.
• The auctioneer may collect this fee using the credit card on file or other methods. Non-compliance may bar participation in future auctions.

 

• Failure to close as per the Purchase and Sale Agreement leads to forfeiture of the earnest deposit to the Seller as liquidated damages.

 

 

• If a bid is placed in the last 5 minutes, all auction closing times extend by an additional 5 minutes until no further bids are placed for 5 consecutive minutes.

 

• Closing must occur within 30 days from the "accepted contract date" unless otherwise specified.
• All closing costs, including legal fees, title examination, etc., are the buyer's responsibility.
• Taxes and association dues are prorated at closing. Title Insurance is available for purchase.

 

280 Niemeyer Rd
Lumberton, Mississippi 39455
United States