Preview Information: Preview land at your leisure. Auctioneers will be on-site for open houses on Sunday, September 11 & 18 from 2 to 4 PM or by appointment. Woodlawn Community – Carroll County, Virginia Real Estate Auction 13.7± Acres • 3 Tracts Property is located on Highway 58 (Carrollton Pike) and State Route 620 (Forest Oak Road) in Woodlawn, Virginia. This corner property has 16,000 AADT (annual average daily traffic volume) according to 2014 VDOT reports. There is water and sewer available along Highway 58. Tract 1: 1.7± acres, fronts on Highway 58 and Route 620 (Forest Oak Road). Tract 2: 3.289± acres, fronts on Highway 58. Tract 3: 8.666± acres, fronts on Highway 58. Tract 3 has a ranch home consisting of 3 bedrooms, 1 full bath, and 2 half baths. Situated on a hilltop, enjoy the long range views of the pasture and mountains. This tract has wonderful potential for either residential or commercial. You decide! The property is located at 5055 Carrollton Pike, Woodlawn Virginia 24381 between the Town of Galax Virginia and Interstate 77. Directions Directions to Property: From I-77 take exit 14 (Hwy 58 & Rt. 221) Hillsville & Galax exit. Turn west on Hwy 58 and proceed 3.3 miles to the property on the left. From Galax, Virginia take Hwy 58 east for 7 miles to the property on the right. Directions to Sale Site (Crossroads Institute – 1117 E. Stuart Drive, Galax, Virginia 24333): From property take Hwy 58 west towards Galax,Virginia. The Crossroads Institute is on the left in approximately 6 miles from the property. Broker Participation Any broker actively licensed in the Commonwealth of Virginia whose agent properly registers the successful high bidder will be paid a two percent (2[%]) commission at settlement by the Seller. Registration must be on a Woltz & Associates, Inc. Broker Participation Application form and contain the name, address and signature of agent and prospect as well as Broker’s license number and Federal Tax ID number. The form must be received in the office of Woltz & Associates, Inc. by 12:00 noon on September 30, 2016. If prospect attends preview, agent must attend with prospect. Additionally, agent must attend sale and co-register with prospect on auction day. Only the first broker to register the high bidder will be paid a commission. Agents acting as principals, on behalf of licensed real estate agents, on behalf of family members, on behalf of entities in which they hold an ownership interest or who represent prospects who have had prior contact with seller or auction company are not eligible. Only one registered bidder per agent. Terms & Conditions of Auction REGISTRATION: Bids will be accepted only from registered bidders. Registration begins at 10:00 AM. Please bring a driver’s license for identification. AUCTION SALE: Auction Tracts 1-3 will be sold subject to seller confirmation and all confirmed sales are final. All property is auctioned “AS IS, WHERE IS” with all faults in its condition at the time of sale without recourse by way of refund, reduction of the purchase price, or otherwise. Bidders should perform such independent investigation with respect to the property as they deem necessary or appropriate. FINANCING: Your bidding and purchase of the property is NOT CONDITIONAL UPON FINANCING. Be sure you have arranged financing, if needed, and are capable of paying cash at closing. LIABILITY: Bidders inspecting property enter at their own risk. Auction Company assumes no risk for bodily injury or damage to personal property. BIDDING: Qualified bidders may bid on individual tracts or any grouping of tracts. The auctioneer will determine all bid increments. All decisions by the auctioneer regarding bid acceptance are final. ANNOUNCEMENTS: Announcements on day of sale take precedence over all prior releases, verbal and written, concerning this auction sale. BUYER’S PREMIUM: The Buyer’s Premium on the real estate is five percent (5[%]) of the high bid amount. The Buyer’s Premium will be added to the high bid to determine the final sale price. AGENCY: THE AUCTION COMPANY AND ITS REPRESENTATIVES REPRESENT THE SELLER. REAL ESTATE DEPOSIT: A deposit in the amount of ten percent (10[%]) of the contract sale price will be required on day of sale. The deposit is payable by cash, cashier’s check, or pre-approved personal check payable to Woltz & Associates, Inc. Escrow Account. Personal checks will be approved if the Buyer presents a bank letter stating that the Buyer is a customer of the bank and the checking account is in good standing. REAL ESTATE DEED: The real estate will be conveyed by general warranty deed free and clear of liens, subject, however, to any rights of way, easements and restrictions of record. The balance of the purchase price is due at settlement on or before November 14, 2016. Tracts will be deeded in the manner purchased at the auction. BOUNDARY LINES: Boundaries on aerial photos and topo maps are approximate. Refer to survey for exact boundary locations. GENERAL: The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, error, or omissions is assumed by the Seller or the Auction Company.