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North Tidewater News

Thursday, November 21, 2024

Real Estate Auction

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Mayor Phillip D. Jones | Mayor Phillip D. Jones official website

Mayor Phillip D. Jones | Mayor Phillip D. Jones official website

An online real estate auction of city owned properties is being held June 1 - 15. Properties and details are available for review.

This auction will open for online bidding only on Thursday, June 1 at 10 a.m. and will begin to close on Thursday, June 15 at 10 a.m..

  • This auction has a Contractual Agreement for Purchase - Lots 3, 4, 5, 6 & 7.
  • This auction is subject to auto-extend bidding.
  • There is 10% Buyer's Premium for this auction.
  • For Winning bids of $5,000 or less must be paid in full the day of the auction.
  • For Winning bids more than $5,000 a deposit of 20% plus 10% Buyer's Premium is required at the close of the auction. The balance is due in ten (10) days, June 29, 2023.
  • Deposits/Payments by certified check can be made at 3533 Pruden Blvd., Suffolk, VA 23434 - or by wire transfer (wire information will be provided at the close of auction).
Original source can be found here.

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