67.5 +/- Acres Wetzel County Oil and Gas Minerals
Location: Buffalo Run. Wetzel County, West Virginia
Online only bidding is open & starts closing Monday, March 13th at 7:00 PM
Wetzel County, Oil and Gas Minerals, Buffalo Run, Unleased Mineral Rights
67.5 +/- Acres Oil and Gas. Status: Unleased. Located in a hot oil and gas production area on the Wetzel, Tyler County line. Two parcels will be offered for one money as follows:
Legal; Dist. Map. Parcel:
4-9999-1.4100 24 AC OG Buffalo Run
4-9999-1.4110 43 ½ AC OG Buffalo Run
KAUFMAN REALTY & AUCTIONS OF WV
399 W. Main St.
Bridgeport, WV 26330
David Anthony Kaufman, Broker
Alden Butcher- Auctioneer/Realtor
Auc. Lic #1918
John L. Spiker
Auc. Lic #184
10% nonrefundable down payment due within 48 hours of the close of the Auction. The sale is not contingent upon buyer securing financing and or any additional contingencies.
Any required inspections must be completed prior to bidding. All information contained herein derived from sources deemed reliable but not warranted. Sold as is no warranties written or implied. Property will be sold free and clear of any & all liens and encumbrances. Taxes will be prorated to the day of closing. 45 days to close. 10% buyer’s premium will be added to determine the final contract price.
Successful bidder will be emailed a contract to be executed and returned to Kaufman Realty & Auctions of WV. Successful bidders will deposit 10% of the Contract price in the form of cashier’s check or wire transfer to Kaufman Realty & Auctions of WV. The entirety of the remaining balance is due at closing or within 45 days. Instructions for wire transfer and /or cashier’s check transmittal will be sent by e-mail to the successful bidder. Purchaser shall be responsible for wire transfer fees.
Contract Documents will be sent by e-mail to the successful bidder must execute and fax or email back to Kaufman Auctions within 48 hours of the end of the auction.
Successful bidders not executing and returning their contract with earnest money deposit within 48 hours of the conclusion of the auction will be considered in default.
At the close of bidding, the system is set to add a 5-minute extension when a bid is placed within the last 5 minutes and will do so until no one bids during the allotted time.
Buyer's Premium Example:
Bid Price: $100,000
Plus 10% Buyers Premium: $10,000
Total Contract Price: $110,000
Down Payment $11,000
DISCLOSURE: Kaufman Realty & Auctions of WV is acting as Auctioneer/agent and is an agent for the seller only.
DISCLAIMER: Information contained herein is believed to be correct to the best of auctioneer/agent’s knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions.
All square footage, acreage and other dimensions are approximate. Maps used in advertising shall not be relied on as actual property lines.
BUYER/BROKER INFORMATION: Up to 3% Commission will be paid to any properly licensed buyer's broker who registers a successful buyer according to the Broker Participation Guidelines. Broker registration forms are available. Call for Broker Registration Form or print it from the documents tab for that specific Auction. Must be registered & Approved 24 hours prior to Auction. Brokers/Agents are not entitled to a commission if they are the purchaser.
By initialing bidder verifies that they have read, reviewed, and agreed to the purchase documents available under the documents tab of this auction. If buyer requires a review of these documents by their counsel, this must be done prior to bidding. In addition, bidder agrees that this bid is a legal and binding contract upon the bidder. It is also understood that a bidder may at some point be outbid but due to combinations of sale may move back into winning position. Therefore, all bids remain valid until the winning bids have been declared. Bids may not be retracted.