LaGrange, GA: Two Adjacent Commercial Properties at 819 & 821 New Franklin Road (Troupe County)

LaGrange, GA: Two Adjacent Commercial Properties at 819 & 821 New Franklin Road (Troupe County)

​10% Buyer's Premium - Online Only - Absolute -  No Minimums - No Reserves

1. ​You must inspect the property and confirm that you have done your own inspection before registration
2. You must confirm that you have reviewed the posted materials, including these Terms and the Title Commitment provided for the property
3. You must provide Proof of Funds showing sufficient funds required to cover the 10% Earnest Money Deposit for a down payment. Proof of Funds consists of a current bank statement in your name with the account number blacked out. Proof of Funds may be faxed to 770-980-9383 or emailed to Info@AMCbid.com before the auction.

​AUCTION INFORMATION: All available material and updates are posted on our website. Due diligence materials, Auction Purchase and Sale Agreement, Broker Registration forms, and other information may be obtained by calling 678-296-3648 or by visiting the website.
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BUYER'S PREMIUM: The properties will be sold with a 10% Buyer's Premium. The bid amount plus the Buyer's Premium equals the final purchase price. For example, A $500,000 bid, plus the 10% Buyer's Premium, equals the Final Purchase Price of $550,000.
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INSPECTION: Inspection is by appointment only on Wednesday, February 12, 2024, at 12 Noon ET. Please call or email for inspection appointments.

​CONDUCT OF THE AUCTION: The auction ends when the highest bid is recognized by the auctioneer. Bid increments and bidding methodology are subject to change at the auctioneer's sole discretion.
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EXTENDED BIDDING: This auction uses an extended bidding feature. Any bid within the last 5 minutes of bidding (on Thursday, February 13, 2025, at 12 Noon ET) causes an automatic 5-minute extension of the bidding. When 5 minutes pass with no more bidding, bidding will close with the high bidder being declared the winner.
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​EARNEST MONEY REQUIREMENT: Winning online bidder (Buyer) must deliver an Earnest Money Deposit via wire transfer immediately following the auction (See Auction PSA), in the amount of 10% of the Purchase Price (calculated by adding the high bid amount plus a 10% Buyer's Premium). Escrow Agent, The Graham Law Firm, attn Heather Graham, is also the Closing Agent. The balance will be paid in full at closing. The successful bidder (Buyer) will be notified immediately following the closing of the auction and emailed the PSA to sign and return.

​ESCROW AND CLOSING AGENT: The Graham Law Firm, attn Heather Graham will order the Title Commitment, which will be posted to AMCbid's website, and will serve as the basis for conveyance of title to the Buyer. The Graham Law Firm, attn Heather Graham will act as Escrow Agent and be reimbursed for that service by the Buyer at closing, as well as being reimbursed by Buyer for the Title Commitment. The Graham Law Firm, attn Heather Graham 200 Church Street, Lagrange, GA 30240, (706) 884-2727, heather@tglawfirm.com

​PURCHASING AND CLOSING: The Buyer shall execute an Auction Purchase and Sale Agreement ("Auction PSA") for the property immediately after being declared the successful bidder by Auctioneer. A form Auction PSA is available on our website and at the auction site prior to the auction. The Auction PSA, which Buyer must sign at the auction, contains an acknowledgment that Buyer has inspected the property prior to the auction, is relying solely on his/her inspection, and is purchasing the property As-Is with all faults and without reliance on any warranty of any kind whatsoever. NO CHANGES WILL BE MADE TO SAID AUCTION PSA OR ANY EXHIBITS ATTACHED THERETO, AND BUYER WILL BE OBLIGATED TO EXECUTE AND DELIVER SAID AUCTION PSA ON AUCTION DAY. Provided, however, Seller reserves the right to modify or amend said Auction PSA, to complete blank sections, to attach appropriate exhibits, and to comply with state and local laws as may be enacted or amended from time to time. Earnest Money Deposit must be in the form of wire transfer only. Closing must occur by March 16, 2025. This deadline must be met unless extended in writing by mutual consent of the parties. Balance of purchase price will be paid in full at closing. Buyer not closing within the contractual time period to close will forfeit his/ her Earnest Money Deposit. Escrow Agent, The Graham Law Firm, attn Heather Graham is Closing Agent.

​FINANCING: Please note that financing is NOT a contingency of this transaction. Because financing is NOT a contingency, all potential bidders must make certain in advance that they are capable of obtaining the necessary financing to close the transaction.

​PLATS/SKETCHES/DRAWINGS AND PHOTOS: These are not to be relied on. Existing legal descriptions are not guaranteed for complete accuracy. All acreage and dimensions are approximate and could be subject to change upon an actual field survey. All stakes, signs, or flags indicating boundaries or location are for general location purposes only and are not to be construed as precise property corners.
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EASEMENTS: All property sold is subject to recorded easements which include existing roads and planned roads, power line and other utility easements, ingress and egress easements, and other easements of record.

​BROKER PARTICIPATION INVITED: A broker commission of 2% of winning bid will be paid to the properly licensed broker whose prospect purchases and closes on the real estate. To qualify for a commission, the Broker must register by mail, email, or hand deliver the prospect's name and address on the Broker Registration form available as a download at the AMC website listing, prior to bidder registration. The form must be signed by the prospect and the Broker, and must be received at the office of Auction Management Corporation no later than 24 hours prior to the published auction bid deadline. Commissions to be paid only upon closing. A Broker cannot act as a principal and a broker on the same transaction. A Broker cannot represent an immediate family member.
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BUYER'S NOTE: Auctioneer reserves the right to add or delete property from this auction or to alter the order of sale from that published herein. Failure to inspect property prior to auction does not relieve Buyer of contractual obligations of purchase. Property sells As Is - Where Is with no warranties expressed or implied. Real property to be conveyed by Limited Warranty Deed. 10% Buyer’s Premium will be held by Escrow Agent on Seller's behalf as a part of the 10% Earnest Money Deposit and will be paid by Seller to Auctioneer at Closing. No other closing expenses will be paid by Seller. All other closing costs, including but not limited to escrow fees, survey (if Buyer opts for one, although closing will not be extended while waiting for a survey), title examination, title insurance, transfer taxes, 100% of closing fees charged by the Closing Agent, loan closing costs, and Buyer's attorney fees (should Buyer select counsel) are at the expense of the Buyer.
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Information was gathered from reliable sources and is believed to be correct as of the date this material is published. However, this information has not been independently verified by Sellers or Auctioneers. Its accuracy is not warranted in any way. There is no obligation on the part of Sellers or Auctioneer(s) to update this information. ALL ANNOUNCEMENTS MADE AT THE AUCTION TAKE PRECEDENCE OVER ALL ADVERTISING. Auctioneer is providing Internet bidding as a service to Buyers using a third-party bidding system. Under no circumstances shall Buyer hold Auctioneer or Seller liable for system failures resulting in Buyer's bid not being properly submitted. The Seller does not have any liabilities whatsoever for any oral or written representations, warranties or agreements relating to the property except as expressly set forth in the Auction PSA. There is no obligation on the part of the Seller to accept any backup bids in the event the high bid falls through. Please note that unless specifically noted otherwise, Auctioneer represents the Seller only.
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