Terms & Conditions - Absolute Real Estate Auction (Online)
AUCTION TERMS & CONDITIONS: REAL ESTATE

This auction is for Real Property selling at Absolute Auction -3 parcels in Dillon County, South Carolina with any and all fixtures and improvements thereon:

* State Rd 17-116, Little Rock, SC (Northside of Bonsal St. & 1st Town), formerly Little Rock School, Parcel 032-11-01-004.

* 901 S 9th Avenue, Dillon, SC?29536, formerly Maple Jr. High, Parcel 059-13-03-001.

* 900 Patriot Street, Dillon, SC?29536, formerly South Elementary School, Parcel 069-03-11-005.

Please review property description in full prior to bidding. The auction will be held online through Thursday November 6th, 2025 at 12:00 PM EST.

1. Property Inspection & Disclaimer: It is the Purchaser's sole responsibility to perform his own due diligence, including verification of all property information and public records. Information presented herein and in any advertisement or other promotional items, while gathered from sources believed to be reliable, are not warranted or guaranteed by Auctioneer T, Randolph Ligon, nor the seller. Personal inspection and verification of any and all items is the responsibility of the bidder. The property is offered "AS IS" and no warranty or guarantee of value, condition, suitability or fitness for a particular use or purpose is expressed or implied. By placing a bid, Bidder waives all rights to further inspections.

Disclaimer: Acreage and square footage are based on county GIS records and are estimates only, not guaranteed to be accurate. All due diligence, including but not limited to property inspection, measurements, and verification of information, is the sole responsibility of the buyer. All sales are final, and all property is sold AS IS, WHERE IS, with no warranties expressed or implied.
2. The property sells at Absolute Auction, to the highest bidder regardless of price. Sale is made subject to rights-of-way, restrictions, and easements of record, if any. Please review the Property Information Package for complete disclosures. Call 803-366-3535 or download at www.TheLigonCompany.com.

3. Registration: While there is no obligation to bid, all participants must register with proper credentials and obtain a bidder number to participate. Anyone bidding on behalf of another person must register separately. This bidder contract is between the individual who registers to bid through this platform (the "Bidder") and The Ligon Company.

By registering, the Bidder acknowledges and agrees that the terms outlined in this registration, together with the Property Information Package and auction catalog, establish the specific and complete rules of the auction. It is the Bidder's responsibility to review these rules prior to bidding. By participating, the Bidder agrees to be legally bound by them.

The Ligon Company reserves the right to revoke a bidder number or bidding privileges at any time and to require that the individual and their parties leave the auction site. The Bidder will remain responsible for payment of any bids placed prior to revocation. Photography, video, and audio recording may occur on the premises and may be used for security and/or promotional purposes.

4. Bidding: All property sells Absolute, to the highest bidder regardless of price, strictly AS-IS, WHERE-IS, with no contingencies. Bidders are personally liable for any bids placed under their bidder number.
Once the Auctioneer declares "Sold," at the conclusion of the auction, the Buyer is immediately obligated to complete all required documents, including execution of the Purchase and Sale Agreement and payment of a non-refundable deposit equal to ten percent (10%) of the contract price, with a minimum deposit of $5,000. The balance is due at closing in accordance with the contract. Risk of loss, care, and custody transfers to the Buyer at closing.

All bids are an irrevocable offer to purchase and shall remain valid and enforceable until the Auctioneer declares the property "Sold" and the auction is concluded. No bid may be withdrawn once placed. Bidders should conduct their own due diligence regarding condition, completeness, suitability, zoning, restrictions, and title matters prior to bidding. Do not bid unless you are prepared to complete the transaction.

Failure to comply with the terms of the auction may result in forfeiture of deposits, legal action, and being banned from future auctions conducted by The Ligon Company.

5. Buyer's Premium: A fifteen percent (15%) Buyer's Premium will be added to the final bid price and included in the total contract price. Buyer's Premium does not imply an agency relationship between Auctioneer and Bidder/Buyer.

6. Purchase Contract: Once the high bidder is determined, and the bidding is closed by the Auctioneer, the high bidder will be required to sign the Purchase Contract for the amount of the high bid plus the 15% Buyer's Premium which totals the contract price. Other documents may also require signature.

7. Deposit: In addition to signing the contract, the high bidder will be required to pay, in US funds, a non-refundable deposit equal to ten percent (10%) of the contract price, with a minimum deposit of $5,000.

All down payments are non-refundable and will be held in the auctioneers trust account. Down payments will be credited toward the purchase price at closing. Acceptable forms of payment are bank wire, cash or cashier's check. Personal or company checks may be accepted, at the discretion of the auctioneer. A bank letter of guarantee may be required for personal or company checks. Online bidders who fail to return the deposit and signed contract within 48 hours of the conclusion of the auction will have a $1,000.00 service fee charge to the credit card used at registration.

8. Contingencies: There are none. Bidder understands and agrees that the sale is not contingent upon financing, appraisals, further inspections, survey, third party approval, or the like. You are bidding to buy the property AS IS with NO CONTINGENCIES WHATSOEVER.

9. Environmental Disclaimer: The Seller and The Ligon Company, agents, contractors and employees do not warrant or covenant with Buyer(s) with respect to the existence or nonexistence of any pollutants, contaminants, mold, or hazardous waste prohibited by federal, state or local law or claims based thereon arising out of the actual or threatened discharge, release, disposal, seepage, migration or escape of such substances at, from or into the demised premises. Buyer is to rely upon their own environmental audit or examination of the premises.

10. Acreage and Square Feet: All acreages and square feet descriptions are approximate. If there is a discrepancy between The Ligon Company or its representative and the actual acreage and/or square feet as determined by a surveyor or appraiser, the price will not be adjusted. The statements, while not guaranteed, are from reliable sources. Any costs incurred in establishing boundaries shall be the responsibility of the buyer(s). Each sale is subject to easements, right-of-way, reservation and/or restrictions of record.

11. Closing: Closing will take place within 45 days. All closing costs will be paid by the Buyer, including title search, survey, deed preparation, documentary stamps, recording fees, attorney fees, etc. Property taxes will be prorated to the day of closing. Any required rollback taxes or additional survey will be the responsibility of the Buyer.

12. Title Insurance, if desired, will be purchased by the Buyer.

13. Agency Disclosure: Auctioneer T, Randolph Ligon is acting exclusively as an agent for the Seller. The Auctioneer is not acting in any way as an agent for the Bidder/Buyer. Auctioneer is not a Dual Agent.

14. Equal Opportunity: All bidding is open to the public. The property is available to all qualified purchasers without regard to race, color, religion, familial status, national origin, or handicap/disability.

15. Miscellaneous: All decisions of the auctioneer are final as to methods of bidding, disputes among bidders, acceptable bidding increments and other matters that may arise before, during, or after the auction sale day announcements take precedence over any prior statements, printed material or advertising.

16. Broker Registration: Brokers/Agents must register their client by 5:00pm the business day before the auction via the Broker Registration Form. A 3% percent commission of the high bid price will be paid to any properly registered broker whose client purchases real estate at the auction and closes in full. It is the responsibility of any agent representing a client to have completed and returned the Broker Registration Form by the published deadline. No registration forms will be accepted at auction.

17. Bidders Acknowledgement: I have received a copy of these terms and conditions understand them and agree to abide by them. I have received a copy of the agency disclosure brochure and understand that the auctioneer is the agent of the seller, and only the seller. I agree to the terms and conditions stated herein. Should I become the high bidder, I will sign the Purchase Contract and other documents as may be required. This document will become part of the non-contingent contract of sale to purchase the property described herein.

By registering and bidding, the Buyer affirms that they understand and accept all terms and conditions of the auction, are prepared to execute required documents and close on the property, and acknowledge that failure to do so may result in forfeiture of deposit, liability for damages, and/or legal action.

BY REGISTERING FOR THIS AUCTION YOU HEREBY AGREE TO THE TERMS AND CONDITIONS THEREIN

HUGE! ABSOLUTE Real Estate & School Contents Liquidation Auction in Dillon, SC Real Estate Sells at Online Auction through Thurs. November 6th at 12PM Noon Personal Property sells online through Mon. 11/3 & Tues. 11/4 (2 Day Close) Selling to the Highest Bidder - Regardless of Price! This Absolute Auction includes three parcels in Dillon County, South Carolina, along with the complete contents of South Elementary, East Elementary, and Stewart Heights Elementary. Highlights include 5.67� acre lot, 4.75� acre lot with 3 buildings, 8.2� acre lot with 25,000� SF former school building; Also featuring mobile classrooms, classroom and office furniture, stainless steel tables, commercial kitchen appliances, cafeteria equipment, vehicles, and more! Everything sells AS IS, WHERE IS to the highest bidder. Little Rock School (5.67� acres) - wooded setting, former building shell, potential homesite or redevelopment. Maple Jr. High (4.75� acres) - city limits, 3 former school buildings, fenced, investment opportunity. South Elementary (8.2� acres w/ 21,100� SF building) - large tract, utilities on, redevelopment or community use. All properties sell AS IS, WHERE IS. Full details, terms & bidding: www.TheLigonCompany.com Randy Ligon | (m) 803-323-8146 | (o) 803-366-3535 Randy Ligon, CAI, CES, BAS | (m) 803-323-8146 (o) 803-366-3535 (e) randyligon@theligoncompany.com Please visit www.TheLigonCompany.com for complete details, terms and conditions. The Ligon Co. Real Estate & Auction Services, specializing in Commercial & Residential Real Estate | Relocation | Estates | Business Liquidation | Construction & Farm Equipment SCAL1716 SCRL17640 SCAFL4120 NCAL8951 NCRL183864 NCAFL10066 NCRFL28666 Online Real Estate Bidding Tips: Lot will begin closing at 12PM. If a bid is placed on a lot during the last three minutes of bidding, the time will be extended by 3 minutes each time. **** If you are bidding at the close of the Auction, please make sure to select "LIVE CATALOG VIEW" to view the auction in real time.