ABSOLUTE ESTATE AUCTION
Saturday, December 18th @ 12:30 PM
602 6th Street, Rocky Top, TN 37769
Sunday, December 12th 2:00 - 3:00 PM
or Call Stephenson Realty & Auction for appointment
NO MINIMUN - NO RESERVE - SELLS TO THE HIGHEST BIDDER
2 bedroom, 1 bath basement rancher and lot
located .2 miles off Main Street at the dead end of 6th Street in Lake City (Rocky Top) TN.
On the main floor there are 2 bedrooms (one needs a closet),
living/den combination, nice kitchen, updated electrical and plumbing.
In the full sized basement there is lots of room for storage or a workshop.
House has vinyl siding and aluminum windows.
House needs some updates but would be a great rental or starter home.
Terms Day of sale:
All information was derived from sources believed to be correct but not guaranteed.
A 10% Buyers Premium, balance at closing within 30 days.
Property sold "AS IS WHERE IS" with any and all faults.
No financial contingencies.
Online Bidding Now, Live Auction December 18th at 12:30!
ONLINE AUCTION TERMS:
Agency Disclosure: Stephenson Realty & Auction is acting as agent for the seller, not as buyer's agent.
PROPERTY IS OFFERED UNDER THE SPECIFIC TERMS PROVIDED IN THE PURCHASE CONTRACT. PLEASE READ AND REVIEW THE CONTRACT THOROUGHLY PRIOR TO BIDDING ON ANY PROPERTY. IF YOU HAVE NOT READ AND REVIEWED THE CONTRACT FOR SALE OF REAL ESTATE, DO NOT BID.
AUCTION END TIMES: Stephenson Realty & Auction Online Auctions are timed events and all bidding will close at specified time. Stephenson Realty & Auction Online Auctions also have an auto extend feature. Any bid placed in the final 5 minutes of an auction, the auction ending will be automatically extended 5 minutes from the time the bid was placed. Example: if an auction scheduled to close at 6:00 receives a bid at 5:59, the close time will automatically extend 6:04. The auto extend feature remains active until no further bids are received within a 5 minute time frame. ALL PROPERTIES IN THIS SALE EXTEND IF ANY ONE OF THEM IS EXTENDED.
REFRESH YOUR SCREEN CONSTANTLY DURING THE CLOSING MINUTES OF THE BIDDING
SERVER & SOFTWARE TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Stephenson Realty & Auction reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE nor STEPHENSON REALTY & AUCTION SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to the email address provided in your registration with updated information as deemed necessary by Stephenson Realty & Auction.
TERMS: 10% of the final bid price is a non-refundable deposit in the form of a good personal, business or certified check, cash or wire transfer immediately at the close of auction, with the balance of purchase price due at closing within 30 days. Purchaser shall be responsible for all wire transfer fees and any currency exchange fees to US dollars. Closing will be as specified in the Contract for Sale of Real Estate. This live/online auction is a CASH SALE not contingent on or subject to financing, appraisal, survey or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Contract for Sale of Real Estate.
DEED: Good Insurable Deed at Closing. A title search has been done and you will receive good title to purchase title insurance.
BUYER’S PREMIUM: There will be a buyer’s premium of 10% added to the bid price to arrive at final purchase price. Example: Bid Price $100,000 plus $10,000 (10% buyer’s Fee) equals purchase price of $110,000.
Bidder understands that collusion of any kind is strictly prohibited and if caught you will be asked to leave and banned from any future auctions with our company.
AUCTION BIDDER DEFAULT: Successful bidder not executing and returning the contract with earnest money deposit within 24 hours of the conclusion of the auction will be considered in default and subject to prosecution. Additional default remedies are reserved by Stephenson Realty & Auction and the Seller as provided in the Auction Terms and Conditions and the Contract for Sale of Real Estate. Stephenson Realty & Auction reserves the right to sell to the second-highest bidder in the event the successful high bidder does not comply with the terms of the sale.
Any dispute between Stephenson Realty & Auction, its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Anderson County, Tennessee and all court and legal cost will be charged to the bidder. By bidding on the property, buyer agrees to all terms and conditions set forth.
Acceptance of Bid Prices: Successful bidder(s) will be required to enter into a purchase agreement immediately following the close of the auction. Any and all inspections that a buyer may want must be done at buyer’s expense prior to the close of the online/live bidding. Stephenson Realty & Auction, Agents, Representatives or Employees may bid.
Title: As specified in the Contract for Sale of Real Estate
Deed: As specified in the Contract for Sale of Real Estate
Possession: As specified in the Contract for Sale of Real Estate
Real Estate Taxes and Closing Cost: All taxes will be prorated to day of closing using the most current available year’s tax amount. The purchaser will pay all other closing costs associated with the purchaser’s side of the sale, including local and state recording fees and any cost associated with the purchaser’s loan.
Easements: Subject to any and all easements of record.
Zoning: This property is subject to all state and local zoning ordinances.
Disclaimer: All properties are being sold 'as is, where is'. We encourage bidders to do property inspections and rely upon their own conclusions. All information is deemed reliable, but is not guaranteed. All information is believed to be correct to the best of the auctioneer's knowledge.
Bidder Verification: The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Stephenson Realty & Auction will reject the registration, and bidding activity will be terminated. The Seller and Stephenson Realty & Auction reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. Bidders agree to keep their user-name and password confidential as they are responsible for ANY and ALL activity involving their account. When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges.
Agency: Stephenson Realty & Auction, Agents and Representatives are agents of the Seller. Buyer and or Bidder agrees to hold harmless and indemnify Stephenson Realty & Auction and its Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.
NEW DATA, CORRECTIONS, AND CHANGES: Please check for updated information prior to scheduled auction time to inspect any changes, corrections, or additions to the property information. Disclaimer & Absence of Warranties: All information contained in this information packet and all related materials are subject to the terms and conditions outlined in the Contract for Sale of Real Estate agreement. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation either expressed or implied, concerning the property is made by the Seller or Stephenson Realty & Auction Agents or Representatives. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in the brochure and on the website is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller, Stephenson Realty & Auction, Agents or Representatives. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. All decisions of Stephenson Realty & Auction are final.
Any dispute between Stephenson Realty & Auction, its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Anderson County, Tennessee. By bidding on the property, buyer agrees to all terms and conditions set forth.