Name Real Estate Auction - House and 5+ acres just outside New B
Auctioneer New Braunfels Auction Co
Type Online-Only Auction
Date(s) 11/8/2022 - 12/13/2022
The auction will go active November 8th and close on December 13, and 12 noon, CDT
Preview Date/Time There will be previews November 19, 26 and December 3, 10 by appointment only. Please call 830-358-7225 to schedule.
Checkout Date/Time Checkout will begin immediately after closing
Location 347 Ferryboat Lane
New Braunfels, TX 78130
Buyer Premium 10% added to the final hammer price
Description
This sale is for a 5.61 acre plot of land with a 2-story home, a pole barn, and stock tank. The home has a good roof, as you can see in the accompanying video Account Property ID: 24187 Legal Description: LOT: 10B & 10 PT OF BLK: ADDN: GARDEN OAKS 5.6100 AC. Geographic ID: 1G1110-0000-010B0-0-00 Zoning: Type: Real Agent Code: Property Use Code: 040 Property Use Description: Single Family Residence - A1 Location address: 347 FERRYBOAT LN
Auction Terms & Conditions SERIOUS BIDDERS ONLY. All bids are a legally binding to the New Braunfels Auction Company, LLC. Please inspect, or have a representative inspect, the property for your use and utility as all sales are final. If you have any questions, please feel free to call 830-358-7225. There will be a 10% buyer's premium added to the final bid on the real estate. We will require $10,000 down by 2PM CST Wednesday, December 14 as non-refundable earnest money if you are the successful bidder. Balance due at closing in 30 to 45 days later. To enable bidding, a bank statement or letter of credit must be presented to the auction company. It is the buyers' responsibility to understand and comply the Terms and Conditions of the sale. Per the stated Terms of Sale, this property is sold AS IS WHERE IS WITH ALL FAULTS, if any, including any building violations for the property that may apply (including but not limited to fines and penalties). Placing a Bid: All bids placed are Max Bids. The system will enter the next bid increment and enter your bid as a maximum bid. Exception: If the bidder enters a bid equal or above the reserve amount, then the system observes the reserve amount as the next increment. Tied Bid: In the case of a tie bid, precedence is given to the earliest bid. Auction Soft Close: If a lot receives a bid within the last 5 min. it will remain open for an additional 1 min. " If any further bidding occurs, the extension timer will reset to 1 min. " If no further bidding activity occurs, the lot closes when the timer runs out. Bidders are urged and cautioned not to wait until the final seconds of the auction to place bids. Bids not recognized by the auction software when the time expires will not be accepted. Note: If a bid is recognized by the auction software during the final seconds, the screen may display "00.00" in time left. It can take a few seconds for the clock to reset. The bid will trigger an extension on the lot and 5 minutes will be added. This is built into the software and is not controlled by the auctioneer. 1. Successful bidder will sign a standard Offer to Purchase form within 24 hours of the close of the auction. Offer will be a cash offer with no contingencies of any kind. 2. Earnest money shall be $10,000 and will be collected within 24 hours of the close of the auction. These terms may be amended or adjusted for clarification prior to closing --------------------------------------------- ------------------------------------------ Terms Of Use

Seller User Terms

Bidder User Terms
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 1,000.00 10.00 USD
1,000.01 - 10,000.00 100.00 USD
10,000.01 - 750,000.00 5,000.00 USD
750,000.01 - 9,999,999.99 1,000.00 USD
Currency USD
Buyer Premium 10% added to the final hammer price
Payment Terms
There will be a 10% buyer's premium added to the final bid on the real estate. We will require $10,000 down by 2PM CST Wednesday, December 14 as non-refundable earnest money if you are the successful bidder. Balance due at closing in 30 to 45 days later.