Sam Reed Rd, Floyd, VA 24091 - Floyd County

Farmland for Sale at Auction in Floyd VA

Searching for farmland, a great family home, or building site? Check out these 5 offerings which total 174.78 acres. Acreage features mostly open farmland with good views, several building sites, access to Beaver Creek, and an existing brick ranch home. Property is being offered in 5 tracts, so purchase multiple to get the acreage you desire! This is known as Offering #4.

Online Auction Ending Thursday, December 7th, at 3 PM

Offering #4 Sam Reed Rd NW, Floyd, VA 24091

Offering # 4 This 57.655 acre tract is perfect for your aspirations! With most of the land consisting of open farmland, it provides a wonderful opportunity for a variety of uses. There is a small, wooded section in the back. The timber has been selectively cut within the last year. Tract offers good views of the surrounding mountains and would be a great spot to build your dream home on. Beaver Creek runs along the front of the property. This tract has 115 of frontage on Sam Reed Road. Purchaser will need to build an access road.

Sale is subject to seller confirmation, court approval, and final plat approval. Plat has preliminary approval. Final plat approval is expected to happen prior to auction.

PREVIEW DATE: Saturday, November 18th at 11 AM

BIDDER PACK: Download Bidder Pack for complete information on each offering. Bidder Pack has maps, complete terms and conditions, sample contracts, tax cards, and restrictions. Some of the plats in Bidder Pack may have notations and boundaries created by Auctioneer for illustration purposes, however unchanged surveys are in Bidder Pack as well.

SOFT CLOSE: If a bid is received within the last 2 minutes of the auction, the auction close time will automatically extend 2 minutes to allow other bidders an opportunity to competitively bid prior to the auction closing. This feature eliminates snipers and encourages fair and impartial bidding from all participants.

SIMULTANEOUS CLOSE OF LOT BIDDING: Bidders desiring more than one offering (tract) will need to be high bidder on all offerings (tracts) desired. Each offering will stay open until all bidding is complete, and all offerings will close simultaneously.

BUYERS PREMIUM TEN PERCENT (10%): Buyers Premium shall be added to the final online bid, which will determine the Total Contract Sales Price. Bidders hereby acknowledge and understand that the Buyers Premium will be added to the winning bid to create the Total Contract Sales Price for which they are obligated to pay for the property. Example: (winning online bid $100,000 + 10% buyers premium = total purchase price of $110,000). Buyers Premium is not due until closing.

PRE-AUCTION SALES: As an agent for the Seller, the Auctioneer must present any and all bona fide written offers to the Seller, which may be created outside of the online bidding platform. Therefore, all properties are subject to pre-auction sales. Pre-auction offers must meet all off the auction terms and conditions and must be submitted to the Auctioneer on the Auction Real Estate Sales Contract, along with the required earnest deposit. Properly submitted offers will be presented to the Seller in a timely manner. Seller may accept or reject such offer at their sole and absolute discretion. When a pre-auction offer is submitted, all properly registered online bidders will be notified that an offer has been submitted and on which specific property, however the amount of the offer shall remain confidential. All pre-auction offers must allow a minimum of 24 hours for sellers acceptance. A Broker Fee of (2%) is offered to a cooperating VA State Licensed Real Estate Broker on any pre-auction offers that are properly completed and submitted on the appropriate forms provided. Download Bidder Pack for Online Bidders Agreement, maps, sample contracts, and property information.

TERMS & CONDITIONS: 10% Buyers Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $10,000 per tract is required on day of sale. Close on or before January 22, 2024. Subject to seller confirmation and court approval. Property sold as is, where is with any and all faults. Buyer is expected to complete their own due diligence before placing a bid. Auction starts ending at 3 PM on December 7, 2023. Please note that during the last two minutes of bidding, if a new bid is placed, the clock is automatically extended an additional two minutes. Be sure to register to bid early to ensure you receive notifications regarding any changes to the Auction, Bidder Packet and/or Pre-Auction offers received. Download Bidder Information Pack for complete terms and conditions, purchase contract and maps.