12.1+/- Acres of land in Valley View, TX within close proximity to Lake Ray Roberts in Cooke County.  *PRICE IS PER ACRE*

Northshore Lane, Valley View, TX 76272

Information About Brokerage Services

Texas Real Estate Commission Consumer Protection Notice

Myers Jackson TX Broker 0698695

 

Myers Jackson TX Auctioneer TDLR 17057

                                             Real Property: Northshore Lane, Valley View, Cooke County Texas, Land Sale   

TITLE, TRANSFER, PAYMENTS

Northshore Lane, Valley View, Texas 76272

Title  

Seller will warrant the transfer of title. Purchaser may purchaser title insurance at the purchaser’s expense at the time of closing. Subject to exceptions, terms and conditions. For property identification number 7141

Purchase and Sale Agreement (contract)

Will be available for review prior to bidding upon request. Purchaser will be required to execute and return immediately after bid award along with required payments.  

Option Money

Option money in the amount of $5000.00 shall be paid to the seller immediately.

Escrow Deposits

Escrow Deposit in the amount of $1000.00 shall be made to the transaction coordinator or closing agent immediately after bid award.

Buyer’s Premium

A 12% Buyers Premium will be paid at direction of the seller. 

Broker Participation

A duly qualified broker may be paid up to 10 % commission based on the purchase amount at bid award with proper registration subject procuring cause rights. The required broker participation form must be received 48 hours prior to bid submission unless waived.

Certifications 

Purchaser upon proof of payment will be certified the new owner at closing. Certified funds will be required to bid in the amount of $100,000 plus any balance of required earnest deposits and buyer’s premium to be tendered the day of the auction.

Closing

Time is of the essence this transaction shall close on or before June 5^th, 2020. The balance of monies owed shall be made with funds with delivery notification 72 hours prior to closing.

Appraisal

Purchasers may conduct an independent appraisal prior to bid award. 

Survey

Purchaser may order a survey prior to bid award at purchaser’s expense.

Disclosure 

Disclosures are available up request at MyersJackson.bid

Provenance 

The property acquired, by the current owner in November 2018 Deed Book 2230 Page 40

Authenticity

The information shall be deemed true and correct; however, the purchaser shall be responsible for independent verification prior to bidding at purchaser’s expense.

Appointments 

Purchasers may schedule an in-person appointment prior to the auction. Such appointments may be related to home inspections, surveys, ground reports, document review, or other inspections the purchaser would request. All will be at the purchaser’s expense in advance.

Electronic Acceptance of Documents

Purchaser accepts the transfer of documents, including but not limited to purchase and sale agreements, addendums, any amendment to contract, survey, inspection documents, terms and conditions, wire instructions or any document. Purchase and Sale agreements may be delivered through third-party time stamped facilitation services including but not limited to DocuSign, Zip Forms or comparable third-party system to deliver and retrieve signed documents.

Non-Compliance

 Participants are named successful high bidder and fails to execute the Purchase and Sale Agreement and/or remit the earnest deposit with 6 hours of the Purchase and Sale Agreement being delivered, the participant will be responsible for a Non-Compliance Fee of up to 10% of offer. This Non-Compliance Fee is a penalty for failing to abide by the Terms and Conditions of sale. Broker/Auctioneer at its discretion shall charge the credit card on file, retain deposits or use any other means necessary to collect such fees subject to attorney fees and court costs. Any bidder that fails to execute a Purchase and Sale Agreement and/or remit an earnest deposit may also be prohibited from bidding on future sale offerings. The Seller, Broker, Auctioneer, upon Non-Compliance by a bidder, reserves the right to immediately offer the property for sale. Purchaser shall be made subject to deficiencies, cost to recover, attorney fees and court costs.

Successful Bidder Default

A successful bidder that fails to close per the specific terms of the purchase and sale agreement for any reason shall be required to release their earnest deposits, option money and buyer’s premium as directed by the Seller as nonexclusive liquidated damages as outlined.

Additional Terms

The seller shall reserve all rights to remove, cancel bids, suspend bidding rights or privileges of any party at any time deemed not to be in the best interest of the seller. All items are subject to prior sale or removal from the auction. General Terms, Special Terms and Conditions shall be amendments to the purchase and sale agreement.

REAL ESTATE PROPERTY REPORT

(Limited)

 

Property ID Number

7141

Address

Northshore Lane, Valley View, TX 76272

Directions

Off of FM922 North of Lake Ray Roberts in South Eastern Cooke County

Purpose

To provide an overview of the subject property.

Sale Type

Seller Confirmation

Opening Bid

14,000/acre

Taxes

Taxes currently due on the property To Be Determined and shall be paid by the seller.

Inspections

Purchasers may conduct inspections prior to auction date.

Preview

Monday – Friday 2:00 – 4:00 pm

Expectations

Purchasers are to inspect the property at their own expense. Escrow deposits in addition to closing costs, buyer’s premium shall be the purchaser’s responsibility. This transaction shall be non-contingent on financing. Close the transaction within the timeframe announced.

Representation:

Auctioneer and Brokers represent the seller.

Terms and Conditions

Auctioneers will announce final terms prior to start of sale. Subject to General terms and conditions published in writing on website MyersJackson.bid

Purchase and Sale Agreement

Purchaser and Seller shall sign an agreement immediately after bid award.

Independent Reports Obtained

Examination, Reports, Tests, Inspections, Surveys of the premises may be obtained by the purchaser at purchaser expense prior to bid award.

Intended Use of this Document

Informational purposes only. Purchasers should not rely solely on the information present in this or other documents. Claims against will not be applicable. Auctioneers, Brokers and/or Agents disclaims all liability in connection with this sale.

Disclaimer

These Special Terms and conditions shall be made a part of General Terms and Conditions published on the bidding site that shall be made part of the purchase and sale agreement. Information contained herein is believed to be correct to the best of the sellers and or representatives’ knowledge. Information is being furnished for the bidder's convenience and it is the responsibility of bidders to determine that information contained herein is accurate and complete. Any reliance on the contents shall be solely at the recipient’s risk. Bidders must conduct and rely solely upon their own investigations and inspections. The property is being sold "AS IS" with any and all faults. Please review all information supplied and seek appropriate assistance prior to bidding.

Notable Observations

Subject Property: Compatible with the Neighborhood

 

Energy Source: Electric

 

Dimensions: Regular Conforming  

 

Proximity: Average for Schools, Commerce, Employment

 

Zoning: 14AG, Cooke County, City of Valley View

 

Location:  Northshore Lane | Valley View | Texas

 

Landscaping: Upgrades:  / 

 

Physical Deficiencies: None Observed

 

Environment Impact: No Negative Impact Observed

 

Neighborhood Boundaries: FM 922 | FM 372 | Lake Ray Roberts 

 

Market Conditions: Favorable: Balanced Supply and Demand

 

Overall Condition of the Property: Any observation shall not be meant to be any warranty of condition; no guarantee shall be made to the accuracy of noted element. Property shall transfer by deed of record and any claims attached unless otherwise announced. Subject to Zoning, Planning, any government regulation as recorded at time of purchase.

North Shore Lane
Valley View, Texas 76272
United States