546 Stonemason Dr., Myrtle Beach, SC 29579
Located in the highly desirable Covington Lake community, this 4-bedroom, 2-bathroom home is located on a corner lot that backs up to a small lake, you'll enjoy serene water views right from your backyard. Covington Lake is known for its quiet, well-maintained community and close proximity to everything Myrtle Beach has to offer-you're just 18 minutes from the oceanfront! Whether you're looking for a primary residence or a beach-close retreat, this home is a must-see.
Property will sell to the highest bidder on May 13th!
Bidding Open May 8th - May 13th
Auction Ends (Subject to Soft Closing): May 13th at 1pm Eastern
Open House: May 12th from 10am-12pm
Proof of Funds: Proof of funds will be required to become a registered bidder. Proof of funds can be in the form of a pre-approval letter, bank statement, bank letter, or something similar. Proof of funds can be submitted to [email protected].
Earnest Money: A 10% earnest money deposit will be required from the successful purchaser within 24 hours of the auction ending with the balance due within 30 days. Earnest money deposit can be made by cashiers check or bank wire transfer.
Agents/Brokers: Prior to your client placing a bid, please fill out and submit a completed Broker Participation Form. The form can be found under the documents tab below. Completed forms can be sent to [email protected].
For more information and pertinent documents, navigate to the "Documents" tab.
TO REGISTER FOR THE AUCTION:
(1) If you do not have an account, create an account: CREATE ACCOUNT HERE
(2) After creating your account, navigate back to this page and scroll to the property below.
(3) Click the blue "Login" button in the bottom right hand corner of the property. Use the credentials you just created.
(4) Click the blue button again, it will now say "Request Approval"
(5) Submit your Proof of Funds to [email protected]
(6) Your account will be approved and you can register for the auction. You will be ready to place bids when the bidding opens on May 8th!
Questions: Contact Alex (SC BIC #119902/SCAL #4772) at 843-860-7141 or [email protected]
REAL ESTATE AUCTION
These announcements supersede any prior oral or printed statements and will be attached to and become a part of the contract.
Winning bidder must sign a non-contingent contract and pay earnest money within 24 hours of auctions end. The terms are 10% down payment within 24 hours of auction end by cashiers check or bank wire. The balance due at closing within 30 days.
The property will be sold by legal description and transferred by warranty deed.
A 6% buyer’s premium will be added to the winning bid to determine the final sales
price. Example: $100,000 bid, plus $6,000 (6% buyers premium) equals $106,000 gross sales price.
This auction has what is called an auto-extend feature, meaning the auction will not close until all bidding parties are satisfied. If any bids are placed within the last 5 minutes of the auction, the bid on lot(s) will extend for 5 minutes. The bidding will extend in 5 minute increments from the time the last bid is placed until there are no more bids, and the lot sits idle for 5 minutes.
Purchaser to receive possession of the property upon delivery of deed at closing.
Purchaser to pay all closing costs and title insurance. Seller will pay for their legal fees and guarantees
title to be free and clear.
Ad Valorem taxes will be prorated at closing.
The HOA may require the purchaser to remove any brick, stone, or wire in the bushes along Covington Drive.
PROPERTY SOLD SUBJECT TO THE FOLLOWING: All outstanding easements of any kind on said property, including but not limited to, roads, right of ways, utilities, water lines, and the like; any mineral, oil and past conveyances, leases or reservations; to any cemeteries that might exist on the property, outstanding leases recorded or unrecorded; zoning ordinances affecting the property; restrictions of record; wet lands; all rules and regulations of any appropriated authority having jurisdiction over the property, and any recorded encroachments of record.
BUYERS NOTE: Prior to the auction all prospective purchases should examine the property and all surrounding documents carefully as each bidder is responsible for evaluating the property and shall not rely on the sellers nor the auctioneers. Sellers and Auctioneers are assuming that the bidders have inspected the property and are satisfied and accept it “As-Is” without warranties expressed or implied. Personal on-site inspection of the property is recommended. Failure of any bidder to inspect or to be fully informed as to the condition of all or any portion of the property offered, will not constitute any grounds for any claim or demand for adjustment or withdrawal of a bid, offer or earnest money after its opening
or tender.
All information was obtained from sources deemed reliable. Although every precaution has been taken to ensure accuracy, the sellers and all of their agents will not be responsible for any errors or omissions herein.
Default by the Seller: If the Sellers are unable to make conveyance and to give title as herein agreed, the earnest money shall be refunded to the buyer and all obligations of either party shall wholly cease.
Default by the Buyer: Should the Buyer default in the performance of his/her contract in the time and the manner specified, then the earnest money shall be retained as partial liquidated damages and the seller may sue for specific performance.
The Auctioneer reserves the right to reject bids from anyone who does not comply
with the terms and conditions of this auction.
AGENCY DISCLOSURE: Alexander P. Bourland has not been an agent for the Buyer in this transaction. Alexander P. Bourland has been an agent for the Seller in this transaction.
