Real Estate Terms and Conditions

DISCLOSURE: Kaufman Realty & Auctions of WV is acting as Auctioneer/agent and is an agent for the seller only.
DISCLAIMER: Information contained herein is believed to be correct to the best of auctioneer/agent’s knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions.
All square footage and other dimensions are approximate.

Access Road:
Utility Right of Way:

BIDDING PROCEDURE ROUNDS 1-4:

Round One: Subject #1 & #2 will be sold individually. Subjects #3 & #4 will be offered on a “Choice Basis” for the acreage and all improvements per subject. The successful bidder having the option to select as many subjects as he/she desires. This process is repeated until there is a price established for each subject.

Round Two: Subjects #3 & #4 will then be added together and offered in combination with a minimum raise of 3% to place the parcels in combination. The highest bid above the minimum raise for the combination will be recorded. If there is no combination bid offered then the subjects will be sold to the successful bidders in Round One.

Round Three: If the subjects are placed in combination, each successful parcel bidder from Round One will be given ONE FINAL opportunity to raise the bid on their subject or subjects. The sum total of these raises must surpass the combination total by a minimum of 3%. If the new bids from the subject bidders surpass the combination total by the minimum then the total will be posted on the board.

Round Four: The subjects will again be offered in combination with a 3% minimum raise to place the subjects in combination. If this bid is made the subjects will remain in combination and sold to the successful bidder/s. If the parcel raises do not pass the combination total by the minimum, the subjects will stay in combination.




Auctioneers notes: We will auction this property in 4 individual tracts and we have advertised as subjects 1-4. We will establish price on subjects 1-2 individually. Meaning parcels one and two are subject to separate sale. We will hold the bid on subjects 1-2 and We will then move on to subjects 3-4, we will offer choice to the high bidder on subjects 3-4. In high bidder’s choice: The high bidder wins the option to choose either subject #3 or subject #4 or both subjects (High Bid X 2) for example, if the high bidder decides to choose both subjects 3-4: if the high bid established is 150,000 the winning bidder would get both subjects 3-4 for 300,000 plus the premium. If the winning bidder only takes one subject, we will then auction the remaining parcel. After price is established for all four parcels, we will then offer the entire package as a whole with the stipulation of a 3% increase on the total of all four parcels. For example, if the total of all four parcels is 500,000 add 3% makes it 515,000 for the package plus the premium. If somebody bids on the entire package, the auction will resume until the high bid is established. At that time, we will then allow each individual high bidder a one-time option to raise their initial bid with the same 3% stipulation. We will pause and calculate the package again and reopen the auction for the entire package for the final time. This will be the last and final opportunity to keep the property all together. If there are no bids on the entire package, the high bidders of the individual parcels will be the winners ,subject to seller’s confirmation.







 

61 Acre Buckhannon Farm Auction
2 homes and working farm offered in 4 parcels and as a whole
Location: 664 Turner Road. Buckhannon, WV 26201
Directions: from Corridor H in Buckhannon take Buckhannon Philippi exit, turn on the Hall Road by the Exon and Record Delta. Go approximately 2.5 miles to Turner Rd on left.

Wednesday, September 5th 2018
5:00 PM

61+/- Acres * NICE 3,300 SF 2009 Home* * Upshur Co* 3 BR Updated Farm House *Great Building Sites * Horse Stables * Fruit Trees * Basketball Court * Play Ground * Pavilion * 40’x60’ Shop * Useable land * Tillable Soil * Two Homes * Offered in Tracts * 1/3 interest in oil and gas minerals Contact Alden Butcher, Auctioneer/Realtor

304-695-1621

Open for pre-auction inspection Sunday, August 19th 2:00-4:00 PM or by appointment






Located near Corridor H in Buckhannon off the “Hall Road” in a quiet country location along the Buckhannon River.

Subject # 1
(21.47 Acres + 1/3 int. Oil and Gas Minerals) Modern 3 BR 3Bath Home W/ 3 Stall Garage. Suitable for horses. Immaculate Three Bedrooms, Three Bathrooms Home built in 2009. Square footage: 3,300 +/- plus loft and 3 stall attached garage. The living room has large picture windows overlooking the back acreage facing the Buckhannon River, Open concept Kitchen and dining area, master bedroom with walk-in closet jacuzzi tub, custom tile shower, 30’x40’ barn/horse stables with lighted fenced area. In ground 50’x25’swimming pool and pool house, Full size basketball and volleyball court with lighting, pavilion and complete playground. Jungle Gym, Teeter Totter, Sliding Board, Horses, Mary-go-round and more!
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Subject#2 (12.54 Acres + 1/3 int. Oil and Gas Minerals) Updated 3 BR farmhouse, cellar house and 40’x60’ work shop (with bathroom and storage area) fruit trees, good fence, ready to farm (suitable for horses) with river access.

Subject #3 (11.02 Acres + 1/3 int. Oil and Gas Minerals) PRIME building location overlooking fishing pond and meadow land. This tract is partially fenced, has multiple fruit trees, good water source and river access. This is a perfect site to build a home overlooking your own stocked fishing pond that also has plenty of meadow/pasture to keep animals.

Subject #4 (15.53 Acres + 1/3 int. Oil and Gas Minerals) is a tract with many possibilities and land features. The lay of the land is perfect for multiple building sites. 100% fenced/tillable ground. This tract would be ideal for someone who wants to build or have a hobby farm. Keep in mind this tract joins Subject one and would make excellent additional acreage for livestock or raise crops.

Subject #5 (61+/- Acres + 1/3 Int And Oil and Gas Minerals) Subjects 1-4 as a combination. A 3 % raise to keep the package together is required. If bids are made on the entire package that exceed subjects 1-4 total + 3%, each individual subject winner, IF ANY will have a ONE-TIME ONLY last and final opportunity to raise their individual bids. If no further bids are made, the property will be sold to “Subject #5 winning bidder, subject to seller confirmation. Legal: Tax/Map/Par. 49-05-006F-0001