NCDOT 2024 Residue Properties Round 1 Upset Bid Period Ends May 15th at 10 AM!

At this time the 10 day upset period will take effect.  The 10 day upset period is set to end on Wednesday, May 15, 2024 at 10am.  Please know that 10am will be a soft close, as we will make sure to allow bidders time to acknowledge and rebuttal any upset bids that come in.  All upset Bids moving forward must be raised a minimum of 5%. Upset bids can be communicated via email and via telephone 919-639-2231 (Jim or Danielle).  Johnson Properties will make every effort to contact bidders when their bid is upset via phone and email.  Please keep an eye on your emails as well as your phone for any future correspondence. 

10 Day Upset Period begins: Friday, May 3rd. A 5% minimum increase required.

10 Day Upset Period ending: Wednesday, May 15th at 10:00 am

Please note information on this chart is subject to change.

Team JP is selling for The North Carolina Department of Transportation “residue” properties in a series of online auction events.

1. There is an 11% Buyers Premium upon the high bid price for this auction and a 11% Earnest Money Deposit required on Auction Day and the balance is due at closing. Earnest money deposit cannot be paid with a credit card.

2. The sale of the subject property has a single 10 day upset bid period and must be approved by the Board of Transportation and, when necessary, by the Council of State, and these approvals may delay by several months the sale and delivery of the Quitclaim Deed conveying the property.

3. The property will be transferred via Quitclaim Deed and the Buyer is responsible for all recording fees associated with the recording of the executed Quitclaim Deed; the Closing will be handled at the respective County Register of Deeds office.

4. All final payment funds will be made out to NCDOT via a certified or cashier's check, payable at the time of closing and recording of the Quitclaim Deed at the respective County Register of Deeds office.

5. Buyer has physically reviewed the property and is aware of any access or control of access.

6. The sale of the subject property must be approved by the Board of Transportation and, when necessary, by the Council of State, and these approvals may delay by several months the sale and delivery of the Quitclaim Deed conveying the property.

7. Johnson Properties Realtors & Auctioneers, Inc. makes no representations or warranties, expressed or implied, concerning the property. Descriptions of the property are believed to be correct, but are not guaranteed. It is the Buyer’s responsibility to conduct any inspection prior to the auction. Johnson Properties Realtors and Auctioneers, Inc. has attempted to find or locate all information deemed material facts. Ultimately, it is the Buyer’s responsibility to inspect all aspects of the property before placing a bid. No sale shall be invalidated by the Buyer as a result of he/she not conducting their own inspection prior to bidding. It is automatically acknowledged by placing a bid that you have personally inspected the property, hired an agent to inspect the property or waived your right to inspect the property.

8. All properties are offered “AS IS, WHERE IS” with no warranties either written or implied. Potential buyers are encouraged to research all property attributes (i.e. zoning, lot size, water and sewer availability, buildable or non-buildable, easements, encroachments, any governmental or private restrictions, restrictive covenants, etc.) to ensure that the property meets their intended use prior to bidding. The current appropriate county GIS information and aerial representations are provided as a courtesy, but are NOT GUARANTEED.

9. ALL POTENTIAL BUYERS ARE ENCOURAGED TO DO YOUR DUE DILIGENCE ON EACH PARCEL. COUNTY TAX RECORDS MAY NOT DEPICT THE ACTUAL CONDITION OF THE PARCEL.  JOHNSON PROPERTIES IS NOT RESPONSIBLE FOR BIDS ON PARCELS WHERE A BUILDING IS NO LONGER CONSTRUCTED. POTENTIAL BUYERS ARE AWARE THAT EACH PARCEL MAY BE DIFFERENT THAN WHAT IS SHOW ON THE COUNTY TAX RECORDS. 

9. Neither the NCDOT nor Johnson Properties Realtors & Auctioneers, Inc. makes any representation of the condition or suitability of any property for any purpose. All properties are being sold “as is” in their present condition with all faults if any.

10. ALL BIDDERS MUST BE REGISTERED TO BID. IF YOU PLAN TO BID DURING THE 10 DAY UPSET PERIOD YOU WILL NEED TO REGISTER DURING THE ORIGINAL PORTION OF THE AUCTION.  YOU WILL NOT BE ABLE TO BID WITHOUT APPROVAL UNLESS REGISTERED.

NCAL: 7340