TERMS AND CONDITIONS
Auctioneer's Authority on Bidding, Procedures and Bidding:
Bidding Procedures: Open and verbal announcements made on the day of the auction will take precedence over all printed material or oral statements made.

(1.) Method, order of sale and bidding increments shall be made at the sole discretion of the auctioneer.

(2) The auctioneer reserves the right to delete or add additional properties at his discretion.

(3) High Hopes Auction & Appraisals may act to protect the seller's reserve, as an agent of the seller by bidding on behalf of the seller. The auctioneer has the authority, at his sole and absolute discretion, to deviate from, change, alter, or modify the bidding procedures and conduct of the auction at any time including after the commencement of the Auction.

Bidding: All bidding is open to the public without regard to race, color, sex, religion, or national origin. As used in these conditions of sale the term "the final bid" means the highest bid acknowledged by the auctioneer, and the term "purchase price" means the sum of the final bid and the buyer's premium. The highest bidder acknowledged by the auctioneer shall be the buyer. The auctioneer has the right to reject any bid or raise which in his opinion is not commensurate with the value of the property being offered. The auctioneer may advance the bidding at his absolute discretion and in the event of any dispute between bidders, may determine the successful bidder or re-offer and resale the property in dispute. Should there be any dispute after the sale, the record of final sale shall be conclusive.

Please contact our office for information on absentee and phone bidding.

Buyer's Premium: The buyer's premium is 10%. The buyer's premium shall be paid by the Buyer and will be added to the final bid on the property.

Example 1: High bid on the property is: $100,000
Add 10% buyer's premium +$10,000
Total on Sales Contract $110,000
Earnest Money: The buyer, unless prior written arrangements have been made by contacting Jeff Mullins (276) 298-8980 shall be required to pay a deposit of $500.00 down per property purchased, which is due immediately after confirmation of final bid. In the case that the The deposit will be held in a non-interest-bearing escrow account until settlement.

Closing: The successful buyer must sign all documents and contracts immediately after the acceptance of the final bid. The successful buyer will also be required to hire an attorney to do the closing, pay the balance of the purchase price and receive the deed to the property. All closings must occur on or before specified dates. Closing is to take place on or before 30 days from the date of the auction (unless prior written arrangements have been made by auction firm). The buyer acknowledges and agrees that time is of the essence.

Closing Costs: The buyer shall pay all closing costs except that taxes shall be prorated to the day of closing.
Financing: Sale of the property is not contingent upon the buyer obtaining financing
Conditions of Default: If any conditions contained herein are not complied with by the buyer, High Hopes Auction & Appraisals may in addition to asserting all remedies available by law, including the right to hold defaulting buyer liable for the purchase price, either a) cancel the sale, retaining as liquidated damages any payments made by such buyer, b) resell the property at public auction or privately on seven days' notice to such buyer or c) take such other action as it deems necessary or appropriate. If High Hopes Auctions & Appraisals resells the property, the original defaulting buyer shall be liable for the payment of any deficiency between the purchase price and all costs and expenses, the expenses of both sales, reasonable attorney's fees, commissions, incidental damages, and all other charges due hereunder. In any event the buyer's earnest money deposit will be retained by High Hopes Auctions & Appraisals as liquidated damages.
State Laws: The respective rights and obligations of the parties with respect to the conditions of sale and the conduct of the auction shall be governed and interpreted by the laws of the state in which the auction is held. By bidding at an auction, whether present in person or by agent, by written bid, telephone, or other means, the buyers shall be deemed to have consented to the jurisdiction of the courts of such state and federal courts sitting in such state.

Inspection: All property is sold "AS IS, WITH ALL FAULTS" descriptions are provided as a service to customers only and do not constitute a warranty, either expressed or implied. High Hopes Auctions & Appraisals disclaims all responsibility for physical condition. All buyers are responsible for prior inspection of properties on which they bid and by bidding are deemed to have inspected the property. Placing a bid on the property offered, whether in person or by agent, by written bid, telephone bid, or other means constitutes an agreement by bidder to these conditions of sale. For residents built prior to 1978, buyers waive the right to a 10-calender day opportunity to conduct a risk assessment inspection for the presence of LEAD BASED PAINT and/or LEAD BASED PAINT HAZARDS. Square footage dimensions and acreage are approximate and should be independently verified prior to bidding. High Hopes Auctions & Appraisals, it's agents, and sub-agents, and the sellers assume no liability for errors or omissions in this or any other property, listing, or advertising or promotional/publicity statements and materials. All information and dimensions were derived from sources believed to be correct but are not guaranteed. Buyers shall rely on their own information, judgement, and inspection of the property. All auction day announcements take precedence over any previously printed material, or any other oral statements made.

I have read and accepted the terms of this contract

Buchanan County Real Estate Auction for the Buchanan County Board of Supervisors. Auction on April 23 at 10:00 A.M. in Board of Supervisors meeting room on 3rd floor of Buchanan County Goverment Center. Below is a list of properties to be sold on April 23 at 10 A.M. Selling for the Buchanan County Board of Supervisors. 1. 28309 Riverside Drive Grundy, VA Map#. 2HH22054 Anelgb 2HH220065 0.56 Acre Formerly belonged to Arron & Kadie Skeens. Inst or Deed # 220001536 2. 1076 Ratliff Road Grundy, VA Map# 2HH183051 0.19 Acre Formely belonged to William Michael Baldwin Inst or Deed # 230000061 3. 1062 Ratliff Road Grundy, VA Map # 2HH183050 0.13 Acre Formerly belonged to Thomas Carl & Natalle Lowry Inst or Deed # 230000060 4. 1052 Lumber Rd. Vansant, VA Map# 2HH183312 0.21 Acre Formerly belonged to Kenneth Joseph & Tania Denise Stephens Deed# 230000589 5. 31641 Riverside Drive, Big Rock, VA Map# 2HH237042 0.42 Acre Formerly belonged to Donna Gail Dales Deed or Inst # 230000590 6, 4130 Home Creek Rd. Grundy, VA Map # 2HH223088 0.51 Acre Formerly belonged to Nicholas Scott Prater & Traci Marie Smith Deed or inst # 230000808 7. 1097 Bend of Slate Rd Grundy, VA Map# 2HH151067 0.27 Acre Formerly belonged to Sarah Mae Justus Deed or Inst# 230001086 8, 1024 Grandview Rd. Grundy, VA Map# 2HH049028 0.13 Acre Formerly belonged to Christopher & Marcie Hubbard Deed or Inst # 230000767 9. 1057 Billy Stiltner Rd. Grundy, VA Map# 2HH220198 0.31 Acres Formerly belonged to Steven Ray & Breanna Stiltner Deed or Inst #230001237 10. 1281 Shooting Star Rd., Big Rock, VA Map# 2HH236053 0.42 Acre Formerly belonged to Hazel Mae Skeens Deed or Inst # 230000806 11. 28349 Riverside Drive, Grundy VA Map# 2HH220058 0.28 Acre Formerly belonged to Daniel Ray Hess Deed or Inst # 230000696 12. 1013 Polar Circle, Vansant, VA Map# 2HH185080 & 2HH185079 0.33 Acre Formerly belonged to Michael J and Connie Mullins Deed or Inst # 230001372 13. 27219 Riverside Drive Grundy, VA Map#2HH220025 1.14 Acre Formerly belonged to Holly Stacy Potter and Nathan and Elizabeth Bess Stacy Deed or Inst # 230001567 14 25197 Riverside Drive, Grundy, VA Map #2HH147099 0.19 Acre Formerly belonged to Clevinger Enterprises, LLC Robert Chad Clevinger Deed or Inst # 230001566 15 1031 Stillhouse Hollow Road, Grundy, VA 3074 Slate Creek Rd, Map #2HH115046 0.59 Acre Formerly belonged to John Ellis and Sandra Munsey Deed or Inst # 240000177 16 28331 Riverside Drive, Grundy,VA Map # 2HH-220-057 EnlgB 0.27 Acre Formerly belonged to Ricky Earl and Juree Ann Hackney Deed or Inst # 230000190 17 1006 Almarine Drive, Grundy Va Map # 2HH115024 0.54 Acre Formerly belonged to Edgar and Patsy Baker Deed or Inst # 230000807 18 31430 Riverside Drive, Grundy VA Map #2HH237044 1.73 Acre Formerly belonged to Helen R Elswick Deed or Inst # 230000885 19 1172 Bend of Slate Circle, Grundy VA Map # 2HH151049 0.09 Acre Formerly belonged to Lugo Miguel Onate and Martha C Barajas De Onate Deed or Inst # 240000567 20 26967 Riverside Drive, Grundy VA Map # 2HH220090ENLGA 0.81 Acre Formerly belonged to James Anthony and Hannah Scott Deed or Inst # 220001537 21 1098 Dancing Wolf Road, Vansant VA Map # 2HH272041 A 0.38 Acre Formerly belonged to Lois and Larry Wright and Louie Edward O"quinn Deed or Inst # 230001114 22 28317 Riverside Drive, Grundy VA Map # 2HH-220-056 0.30 Acre Deed or Inst # 23000188 Formerly belonged to Kayla Leann Phillips-Hill Auction Conducted by High Hopes Auction & Appraisals Jeffery B Mullins & Jerrard Vance Auctioneers. For More info call the auctioneers Jeffery Mullins -276-298-8980 or Jerrard Vance - 276-365-0687 These properties have been floodproofed by the Army Core of Engineers and certian restrictions apply. Please do your due dilligence before bidding on these properties. For legal use of these properties call Todd Vanmeter 276-935-6512