56 Boone Drive, Newnan, GA 30263, Coweta County

Seller has halted auction to entertain multiple offers through Monday, August 16 at 5pm.

Please contact Amy Martin, if you'd like to be included 404-734-3606

Coweta County Investor Liquidation of Single-Family Homes. Purchase 1, 2 or 3 of the Newnan properties with tenants in place. Motivated Seller. Inspection reports are available. Excellent opportunity for personal home buyer or investor/landlord. Seller reserves the right to postpone or cancel the auction at anytime.

Walkthrough Video, Pictures, Pre-listing Property inspections, Seller’s Disclosure and other Due diligence provided in Documents tab on each lot.

Auction Bidding Deadline: Tuesday, August 10 at 2:00 PM ET

Property Overviews:

Lot 101. 3/2 Ranch home built in 2006 located near the Historic Downtown Newnan area. Rocking chair front porch. 2 car garage.

Lot 102. 4/2 Split-level home with New Roof in 2021. Cedar Siding and a 1 car garage.1 Acre Lot with Fenced Back Yard

Lot 103. 4/3 Split level home with Large Front Porch, located on a cul-de-sac lot offering lots of privacy. Large storage area which could easily be converted back to a 2-car garage.

INSPECTION DATES: (Friday) Jul 30 & (Sunday) Aug 8: Tenants in place. These are the only inspection opportunities.

210 Beverly Park Ct from 1-3PM

25 Beverly Park Ct from 1-2PM 

56 Boone Dr from 2-3PM

BHHS Auctions are excited to bring another buying option for you. Auctions are new to most buyers & agents but please ask us to help walk you through the process.

11% buyer's premium, no contingencies, 30-day closing.  

320 West Lanier Avenue   Ste. 110
  Fayetteville, GA 30214
Office Phone: (770) 719-9400
Direct (678) 815 5687
www.SellerChoiceGA.com
BHHS GA Properties Georgia Auction Company GAL#3157
Auctioneers Amy Martin GAL #2837 Patty Brown #3934

In cooperation with Amy Newland BHHSGA

CONDUCT OF THE AUCTION: Online bidding will begin at least two weeks prior to the bid deadline. When applicable, Onsite bidders may place their bids at the indicated auction time. Auction will be conducted online so that bidders may bid in real time through our webcast at https://www.sellerchoicega.com. We also offer bid services such as phone bidding, text bidding and email. Phone, text or email bidders must be pre-registered and must pre-arrange alternative bid methods with the Auctioneer within 24 hrs of the auction close.  The auction ends when the highest bid is recognized by the Auctioneer. Bid increments and bidding methodology are subject to change at the sole discretion of the Auctioneer. 

TERMS OF SALE FOR REAL ESTATE: Anyone submitting a bid acknowledges they are making a legal and binding offer to purchase the subject property and agree to be bound by the Terms and Conditions as set herein.  

Basic terms:  Property is Selling As-is, where-is, with no repairs to be done by the seller, and no contingencies-including financing and selling home. There will be a 30-day closing, the buyer will pay all closing costs. Seller will provide an insurable title. Properties currently have tenants in place.

Bidders must show proof of funds to qualify to bid. Property will sell subject to Seller confirmation.  Seller reserves the right to postpone or cancel the auction at anytime. Agent friendly auction (3% commission). This property sells As-is and is not subject to the traditional due diligence period or repairs, but seller is providing a pre-auction inspection report by DS Murphy Inspections. Pre-auction offers should include 0 days due diligence, 30-day closing, Weissman law will conduct the closing and will be the escrow agent. Weissman is conducting pre-auction title work. Please see the section on pre-auction offers for details. Pre-Auction Offers allowed and the auction is subject to early cancellation due to acceptable offer. Selling subject to seller confirmation.

Earnest Money:  Winning bidder will pay a non-refundable earnest money deposit of ten percent (10%) of the purchase price (bid amount plus buyer’s premium). Submit the non-refundable earnest money deposit to the Weissman PC Escrow Account immediately after the auction. Online Purchaser will be provided with wiring instructions from Weissman Law.  

Closing: Must occur no later than 30 days following the full execution of the Purchase and Sale Agreement unless extended in writing by mutual consent of the parties. Purchaser not closing within the contractual time may forfeit their earnest money deposit. Closing Attorney & Escrow Agent: Weissman PC Peachtree City office. Weissman PC is located at 500 Westpark Drive | Suite 150, Peachtree City, GA 30269. All payments (i.e. Earnest Money, Closing Funds) must be in the form of wire transfer, with wiring instructions to be provided by closing attorney.

The Auctioneer is acting as agent for the Seller, not as Purchaser's agent. Time is of the essence. Seller is a real estate agent.

Title & Tenants: Seller states to presently have title to said property, and at the time of the sale agrees to convey insurable title to said Property to Purchaser by Limited Warranty deed, subject only to (1) all title matters of record as of the date of closing, (2) matters affecting title that would be disclosed by an accurate survey of the property, and (3) all taxes not yet due and payable.  In the event there are leases on the property, Purchaser agrees to assume Seller's responsibility thereunder to the tenant(s) and broker(s) who negotiated such leases.   

Closing Cost & Commissions:  Purchaser shall pay prorated portion of 2021 Real Estate taxes and all other closing costs including tax stamps, transfer tax, recording fees, title search, title insurance (optional), and closing attorney fees and escrow fees charged by Weissman PC and all of Purchaser’s attorney fees (should Purchaser choose representation). Seller shall pay Auctioneer’s commission and prorated portion of 2021 Real Estate taxes and any title corrective expenses.

Contracts: Upon conclusion of the bidding or pre-auction offer event, the Purchaser will sign a Purchase and Sale Agreement (“PSA”) GAR FORM with no changes constructed by the Auctioneer.  A sample GAR form Auction PSA packet will be available at our website and at the auction site prior to the auction for review. The Auction PSA which Purchaser must sign at the auction contains an acknowledgment that Purchaser 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 PURCHASER WILL BE OBLIGATED TO EXECUTE AND DELIVER SAID AUCTION PSA ON AUCTION DAY.  Auctioneer 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.

LEAD BASED PAINT DISCLOSURE: When applicable, if a home on a property was built prior 1978. A Lead based disclosure and brochure will be provided to the Purchaser prior to bidding on the property. This property is selling on an “as-is'' basis.  Prospective bidders are permitted to conduct any risk assessments or inspections prior to bidding and/or prior to the conclusion of all bidding. All bidders prior to registration approval for the auction, will sign the Lead-based paint disclosure form waiving the opportunity to conduct any future assessments or inspection for the presence of lead-based paint.

BUYER'S PREMIUM: Property will be sold with an eleven percent (11%) buyer's premium. The bid amount plus buyer's premium equals the final purchase price. For example: A $100,000 high bid, plus the $11,000 buyer's premium, equals the $111,000 final purchase price.

FINANCING: Please note that financing is NOT a contingency of this auction. Because financing is NOT a contingency, all potential bidders must make certain in advance that they can obtain the necessary financing to close the transaction. Earnest money deposits are Non-Refundable due to the inability to obtain financing. 

PLATS/SKETCHES/DRAWINGS AND PHOTOS: 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. Bidders may have surveys conducted prior to the auction but are purchasing the property as-is. Title will be insurable. 

KEYS: Neither Auctioneer nor Seller warrant key availability on any property. If available, keys will be provided at closing. However, Purchaser is strongly advised to re-key the property immediately after closing.  

TAX EXCHANGE: Seller and Purchaser agree that Seller may effectuate 1031 Tax Exchanges on the property sold herein. The Purchaser will agree to cooperate and execute the necessary documents to enable the Seller to consummate said transactions.   

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. 

PLEASE NOTE: Personal on-site inspection of the property is strongly recommended. Failure to inspect property prior to auction does not relieve purchasers of contractual obligations of purchase. Property sells As Is -Where Is with no warranties expressed or implied. Bidders agree by participating in the auction that they understand and agree that they have inspected the property to their satisfaction. Real property to be conveyed by a limited or special warranty deed. Only the following sale closing costs will be paid by seller: (1) Commissions or brokerage fees to Auctioneer and/or cooperating Brokers as set forth in separate agreement with Auctioneer, and as established in these Terms and Conditions; (2) reasonable title corrective expenses, in Seller’s sole determination; and (3) Prorated 2021 property taxes and previous year back taxes due, if any. All other closing costs, including but not limited to real estate taxes surveys, title examination, tax stamps, loan closing costs, and closing attorney fees are at the expense of the Purchaser. Purchaser will pay all closing fees charged by the closing attorney. Selling subject to seller confirmation.

Information was gathered from reliable sources and is believed to be correct as of the date this brochure 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 Seller or Auctioneer to update this information. ALL ANNOUNCEMENTS MADE AT THE AUCTION TAKE PRECEDENCE OVER ALL ADVERTISING. The seller does not have any liability whatsoever for any oral or written representations, warranties or agreements relating to the property except as expressly set forth in the PSA.  Bid increments are at the sole discretion of the Auctioneer. This property is offered with a seller reserve. Bidder acknowledges that Seller and Auctioneer and their employees, agents, affiliates, and associates reserve the right to place bids on properties sold with reserve up to the seller’s reserve price, at their sole discretion. Neither Seller, Auctioneer, nor their representatives may bid above the reserve price. There is no obligation on the part of the Seller to accept any backup bids in the event the high bid falls through.

 BROKER PARTICIPATION INVITED: A broker commission of three percent (3 %) will be paid on real estate, unless noted otherwise in property listing or herein. A commission will be paid to the licensed broker whose prospect purchases and closes on the real estate. To qualify for a commission, the Broker must register by email using the Broker Registration form prior to the represented bidder’s registration. The registration form must be signed by the prospect and the Broker and must be received by BHHS Georgia Properties Auction Team prior to bid deadline. amymartin.auction@BHHSgeorgia.com. For Simulcast auctions, if the winning bidder is onsite, Broker must also attend the auction. Selling agent will sign the Auction Real Estate Sales Contract.

PRE-AUCTION OFFERS: Buyer must follow online registration and approval process before submitting pre-auction offer. Offer must be on auction terms using the pre-auction offer form posted on our site and must be submitted to the Auctioneer no later than 5 days prior to the auction. If acceptable pre-auction offer is received prior to the deadline, the Auctioneer will halt the online bidding and contact all registered bidders and interested parties to acknowledge such and provide all parties a (3) three-day window to submit offers. In the case that a higher offer is received, the extension clock will reset at a time frame designated by the auctioneer. This extension will continue until no better offers are received. Please contact the Auctioneer if you want to submit a pre-auction offer.   If the initial pre-auction offer is Not acceptable to cancel the auction, it is agreed that the offer will be entered as a bid in the auction. Selling subject to seller confirmation. Properties currently have tenants in place.

FOR DETAILED INFORMATION VISIT OUR WEBSITE AT https://www.sellerchoicega.com/ or contact: 

Amy Martin, 404-734-3606, amymartin.auction@BHHSgeorgia.com

Closing within 30-days of contract signing. Tenants in place.