To our bidders & consignors, You have probably noticed that our bidding platform has changed. We have switched to a new system that has tons of new features that will help improve your bidding experience.
All previous bidders will use their same username & password.
You will need to update your credit card on file the first time you register for an auction
At 9:39 AM on Auction Day (April 20th) Please enter the live auction by clicking the blue enter auction box in the light blue box. If you can't hear the auction please click view live stream above lot picture.
Please Note: You are bidding BY THE ACRE!!! (Except House Tract)
Buyers will be bidding by “ACRE Amount” for this property. For example, if you bid $5000 for a 4.173-acre tract, your total bid price is $20,865.00
METHOD OF SALE
Dempsey Auction reserves the right to offer the property any way we see to obtain the SELLER the most money.
Tentative Order of Sale:
- Tracts 1 - 8 Pick and Choice By the Acre
- Combination Phase
- As a Whole
The Real Estate will be offered in tracts and combinations of tracts. We reserve the right to then offer the property in combinations and/or as a whole.
This will be an owner-confirmation auction which means the seller has the right to accept or reject the final bid.
These Tracts will be sold “PICK AND CHOICE – BY THE ACRE”.
Buyers will be bidding by “ACRE Amount” for individual tract or multiples of tracts. So, if you bid $5000 and pick a 5-acre tract, your total bid price is $25,000.
When the auctioneer says sold, the buyer will then tell us which Tract or Tracts he wants.
At this point, the auction starts over again until we are finished.
We are not designating what lots we are selling, you as the purchaser tell us which lot or lots you want when we say sold!
This is a 10% Buyers Premium auction sale: If you pay $10,000 for a Tract you must add 10% which is $1,000 and your final sales price is $11,000.
Sale day you will pay 10% of your sales price down and the closing can be on or before 30 days. We have already had the title run and we find many of our customers want to close on the following week of the sale so that they may take possession of their property, and we can assist you with that.
There are no bids for the lot at this time
Saturday, April 20, 2024 at 10:00 am — Auction Site: 8649 Blacks Bluff Rd, Cave Spring, GA
“Grandma’s Bottoms”
3 B/R HOME & 88.5± ac on the COOSA RIVER
CAVE SPRING, FLOYD COUNTY, GA
SELLING in TRACTS or as a WHOLE
Located at 8649 Blacks Bluff Rd, Cave Spring, GA
8649 Blacks Bluff Rd (B16 044):
- Long Frontage on the Coosa River & Weiss Lake
- This property will be offered in tracts, combinations of tracts, or as a whole
- Double frontage on Blacks Bluff Rd
- County Water
- Abundant Wildlife with Several Food Plots
This Property is ideally located between Rome, Cave Spring and Centre, AL
EXHIBIT “B”
TERMS AND CONDITIONS
Grandma’s Bottoms, LLC
Rome, Floyd County, GA
Saturday, April 20th @ 10:00 AM ET
These “Terms and Conditions” supersede all other printed and oral statements and will be attached to and become a part of the Real Estate Sales Contract as Exhibit “B”, which will prevail over this document and any other agreement between the Buyer and Seller.
CONDITIONS OF SALE: Dempsey Auction Company (Auctioneer/Broker) has entered into a contract with Grandma’s Bottoms, LLC (Seller), TO OFFER AT AUCTION, 1 home & 8 parcels of real estate located on Blacks Bluff Rd in Rome, Floyd County, GA.
All property, real and personal, is selling “AS IS, WHERE IS” and being conveyed by Seller as provided for below. It is offered for sale and sold “AS IS and WITH ALL FAULTS, IF ANY” without representation or warranty of any kind as to their condition; and any repairs, alterations, damage, cleanup, removal of debris, waste, personal property, etc., are the sole responsibility of the buyer. No warranties, either statutory or otherwise, expressed or implied, including those as to the fitness for a particular use or purpose, habitability, merchantability, or environmental condition including, but not limited to, any hazardous substances, hazardous waste, petroleum or petroleum by-products (collectively Hazardous Materials), concerning the property are given by the Auctioneer or Seller. Neither the Seller nor the Auction Company makes any representation concerning the property whatsoever. All bidders acknowledge and agree by their participation in the Auction that he/she has inspected the Property and is not relying on any warranty or representation of the Seller, Auctioneer or any agent thereof. Buyer acknowledges and agrees that at closing there may be the existence of equipment, personal property and/or scrap materials located upon or within the property and agrees to accept the same in AS IS condition.
We require all bidders to register and obtain a bid number in order to participate in the bidding process. All decisions of the Auctioneer will be final, including the increments of bidding, disputes among bidders, or any other issues that might arise before, during or after the auction.
The Seller has the right, at their sole discretion; to add or withdraw all or any portion of the property before the auction’s opening announcement on Saturday, April 20th @ 10:00 AM. This property is selling Subject to Owner Confirmation, and we reserve the right to hold ALL offers open until Monday, April 22nd @ 5:00 PM. This Property is currently owned by an LLC and if any members are bidding, they are bidding for themselves individually and will close under the same terms and conditions as any other participant.
CONVEYANCE: All property will be conveyed by a Limited Warranty Deed with title insurance available at the Purchaser’s expense.
RESERVATIONS & RESTRICTIONS: The real estate will be sold subject to any and all restrictions, public utilities, encroachments, zoning ordinances, easements, Floyd County regulations, protective covenants, any existing rights of way and all other matters now of record or shown on attached plat. A portion of this property lies in the 100-year flood plain as depicted by the below-mentioned survey. A portion of the driveway on Tract # 1 is not on the property.
ONLINE PURCHASERS’ PAYMENT: At the close of the auction, successful bidders will be emailed the contract package to execute and return to Dempsey Auction Co. Successful bidders will deposit 20% of the Contract Sales Price as earnest money in the form of cashier’s check or bank wire transfer with Dempsey Auction Co within 24 hours of receipt of the contract package. The entirety of the remaining balance is due at closing as stipulated in the “Terms and Conditions”. Purchaser shall be responsible for all wire transfer fees. Successful high bidders not executing and returning their contract with earnest money deposit within 24 hours of receipt will be considered in default and subject to an Administrative Fee (as defined below). All Administrative Fees are non-refundable.
DEFAULT: In the event a winning bidder fails to submit the signed “Sales Contract” and deposit earnest money as provided in the pre-stipulated Terms and Conditions, the winning bidder will be charged an administrative fee of $2,500 on the credit card provided at auction registration. Additional default remedies are reserved by Dempsey Auction Co and the Sellers as provided in the Terms and Conditions and the Sales Contract.
PAYMENT: A 10% Buyer’s Premium on Real Estate will be added to the Bid Price on all real estate today to arrive at the final purchase price. The purchaser will be required to sign the Real Estate Sales Contract and pay a non-refundable earnest money deposit equal to 10% of the Contract Sales Price immediately following the Auction. This payment may be made with either a personal or company check. This deposit will be held in a non-interest-bearing escrow account under the control of Dempsey Auction Co. No disbursements will be made from this escrow account until closing or otherwise in accordance with this agreement. In the event the purchaser fails to close and pay his/her balance when due, the deposit may be retained by the Seller and Auctioneer as liquidated damages in addition to any other remedies available to the Seller and Auctioneer.
SURVEY: We are selling this property according to registered boundary survey performed by Elbert Angel, GRLS #1742 and the property is selling subject to Floyd County Planning & Engineering Final Approval. Any acreage adjustments will be handled at closing. A survey fee of $800/Tracts 1-6, $1000 for Tract #7, and $2500 for Tract #8 will be due and collected today. The accuracy of the survey is the sole liability of the surveyor and the Purchaser, and the Purchaser does hereby release the Seller and Dempsey Auction Co from all liability in all matters concerning the survey.
CLOSING: Closing shall take place within 30 days of auction, in accordance with the Real Estate Sales Contract, or on a date mutually agreed upon by the Seller and Purchaser(s) in writing. The closing firm will be McRae, Smith, and Peek, 111 Bridgepoint Plaza Ste 300, Rome, GA 30161, 706.291.6223.
CLOSING COSTS: The Seller will provide a Limited Warranty Deed at closing. If for some reason the Seller is unable to convey good and marketable title to the property, unless otherwise noted, the Purchaser(s) Earnest money deposit will be returned.
All other costs including, but not limited to, Attorney’s Closing Fees, Recording and Handling Fees, Deed Transfer Taxes, Title Search, Title Insurance, Loan Origination Fees, etc., will be at the Purchaser’s expense.
POSSESSION: Purchaser(s) will be granted possession of real estate at closing, on or before May 19, 2024.
TAXES: The 2024 Real Estate property taxes will be prorated to the date of closing. If any additional taxes are assessed resulting from the change of use by the purchaser, they will be the responsibility of the purchaser.
AGENCY: The Auctioneer is acting as agent for the seller only in this transaction and is to be paid a fee pursuant to a separate written agreement between seller and the Auctioneer. The Auctioneer is not acting as an agent for the purchaser in this transaction. Any third-party broker is not a sub-agent of the Auctioneer.
BUYER’S NOTE: Dempsey Auction Company and the Seller reserve the right to amend any terms or conditions of the auction by announcing such amendments prior to or during the auction. All information published, announced, or contained herein was derived from sources believed to be correct; however, it is not guaranteed by the Seller or the Auctioneer. The Auctioneer makes no warranty or guarantee as to the correctness and completeness of any information. Personal on-site inspection of the property is recommended. The failure of any bidder to inspect, or to be fully informed as to the condition of the property, will not constitute grounds for any claim or demand for adjustment or withdrawal of bid, offer, or earnest money after its opening tender. Any and all announcements made from the auction stand take precedence over all other verbal, printed, announced and/or distributed information. Dempsey Auction Company is the “Agent of the Seller”, and our fiduciary duties of loyalty and faithfulness are owed to the Seller.
METHOD of SALE: DAC reserves the right to offer the property any way we see fit to obtain the seller the most money.
NOTE: This auction is being recorded by audio in its entirety for legal purposes.
I have received, read, understand, and agree to the information in these “Terms and Conditions” which will become a part of the sales contract and will hereafter be Exhibit “B”.
Cave Spring, Georgia 30124
United States
PROJECT MANAGER: Lou Dempsey – 770.546.2800 – ldempsey@dempseyauction.com
AUCTIONEERS NOTE: This farm has been in the Ball Family for many many years; however, they have contracted with Dempsey Auction to liquidate this incredible property at AUCTION! This is a once-in-a-lifetime opportunity to buy some of Floyd County’s most dramatic property at the RIGHT PRICE—YOUR PRICE.
INSPECTION: Dempsey Representative will be on Site on Friday, April 19th, 1:00-4:00 PM. The property is available for Private Inspection, Please Contact our Office for your Personal Tour
TERMS AND CONDITIONS: 10% down on sale day, balance due at closing. 10% Buyer’s Premium to be charged on ALL Purchases
CLOSING: Closing to be handled by McRae, Smith & Peek Law Firm in Rome. All sales close 30 days from sale date.
SALE SITE: The property will be SOLD on-site under the Dempsey Tent.
ONLINE BIDDING: Simulcast Online Participation/Bidding is available now for Real Estate through our Online MarkNet Platform.
BROKER PARTICIPATION: Dempsey Auction Co will pay any licensed Broker/Agent a referral commission for any registered client who successfully closes on the property. CONTACT OUR OFFICE FOR PRECISE DETAILS.
For plats, brochures, inventory catalogs or further sales information on this auction, call us by name at 800.DEMPSEY (800.336.7739)