Invitation to Bid - 5 Riverview Street

The Town of Hudson (hereinafter “Town”) will be receiving bids until ten o’clock a.m. (10:00 a.m.), October 11, 2018 for the purchase of the following property located in Hudson, New Hampshire, according to the specifications provided herewith:

5 Riverview Street Hudson, New Hampshire

Town of Hudson Tax Map/Parcel 190/094

The property will be sold to the highest bidder. Tie bids will be settled by the flip of a coin or by the drawing of lots. Notwithstanding the foregoing, the Town reserves the right to reject any or all bids, to waive irregularities in the bids, and to accept the bid which best serves the interest of the Town.

Bids shall be submitted on the Real Estate Bid Form available here. A deposit equal to ten percent (10%) of the bid price must accompany the bid. The deposit must be in the form of a certified or cashier’s check, made payable to the Town of Hudson. The successful bidder will be required to execute a purchase and sale agreement in accordance with the terms of this notice and the balance must be paid within sixty (60) days of the mailing of a notice of award. If such balance is not paid within the allotted time, the required deposit will be forfeited and the property will be re-bid. Deposits submitted by unsuccessful bidders will be returned within ten (10) days after the mailing of the notice of award to the successful bidder.

All closing costs are to be the responsibility of the successful bidder. There will be no real estate sales commission involved.

The Town has acquired the property by Tax Collector’s deed. The Property is approximately 25 ft. x 120 ft., and contains approximately 0.069 of acre. Reference is made to the tax map; however, bidders should not rely on the tax map for title purposes and are expected to perform their own due diligence. The property will be conveyed by Selectmen’s Deed. No delinquent back taxes must be paid by the buyer; however, the buyer shall be responsible for all future real estate taxes concerning the property which are assessed and billed by the Town of Hudson on or after the date of closing.. The Town makes no representation as to the state of the title, liens, encumbrances, easements, or other matters that may affect the title, ownership or intended use of the property, other than as noted herein. Bidders, therefore, are advised to undertake an examination of the record title of the property and the related zoning regulations.

The property is otherwise being sold on an “as is” basis. Bidders are encouraged to inspect the property prior to bidding. The Town reserves the right to enforce any and all restrictive covenants. The property location can be identified by reference to its Tax Map/Parcel number. Bids must be sealed and marked “Bid on Sale of Real Estate” and be delivered to the Office of the Town Clerk, Town of Hudson, 12 School Street, Hudson, New Hampshire 03051 by the time specified above. It is expected that an award will be made by the Selectmen on or about October 23, 2018. A list of all bidders and their respective bids will be available to the public at the Town Adminstrator’s/Selectmen’s Office following the award by the Board of Selectmen and a copy of the list will be mailed to each unsuccessful bidder, along with the return of their deposit.