Name 43 Acres * Timber * Wildlife
Auctioneer Ken Byrd Realty & Auction, Inc.
Type Online-Only Auction
Date(s) 6/9/2016 - 6/30/2016
June 9th 11AM - June 30th 4PM EST
Preview Date/Time none
Checkout Date/Time Your deposit must be made within 48 hours by cashiers check or wire transfer. For questions or more information contact Lee Amonett, Broker/Auctioneer, (931) 931-252-1907.
Location 117 S Jefferson
Cookeville, TN 38501
Buyer Premium Ten percent Buyer's Premium
Description
ONLINE AUCTION June 9th 11AM - June 30th 4PM EST 43 Wooded Ac in 1 Tract Marketable Timber * Abundant Wildlife * Cabin Sites Located at: Grouse Ridge Rd, Harriman, TN 37748 (Morgan Co) Near Morgan Co Hwy (Hwy 27/29) The property is located in the eastern time zone, please note that the online auction beginning and end times are EST.
**Extending Bidding does apply** *If you are outbid during the last seconds of the auction you will be given 5 minutes to make another bid. **THIS AUCTION IS BEING CONDUCTED PER CONFIRMATION OF THE SELLER.** 1.) 10% buyers premium applies to final bid to establish sale price. 2.) Winning bidder to place 15% deposit at end of auction, winning bidder will be notified at the conclusion and required to sign a purchase contract, balance with deed on/before 30 days. 3.) Property selling "as is, where is" both surface and subsurface, having invited buyers to inspect the property prior to bidding, no warranties guaranteed or implied. 4.) Information obtained herein from sources deemed to be reliable, however accuracy not guaranteed. 5.) Person or persons relying on this information are invited to inspect any and all property prior to bidding. Contact agents for additional sale information. 6.) Buyers should complete their own due diligence prior to the sale. 7.) Seller to deliver and pay for general warranty deed. 2016 Property taxes to be pro-rated and seller provides a warranty deed. Buyer is responsible for the closing fee and any requested title search. 8.) Opinion of title to be paid for by the purchaser. 9.) Should the title to said property be defective the purchaser herein shall extend to the seller 90 days in which to clarify same at the cost of the seller. 10.) If purchaser fails to close the deposit is forfeited as partial liquidated damages for the purchaser's breech of contract. 11.) Purchaser acknowlegdes that the forfeiture is only partial damages and the seller may have other accumulative legal and equitable remedies as to the laws of Tennessee may provide. 12.) Possession with deed. 13.) An unencumbered marketable title to said property is to be conveyed by the deed of General Warranty, with the usual convenants and merchantable title to said property except easements recorded and unrecorded and all restrictions as to use and improvements of the property of record and any restrictions imposed by local Planning & Zoning Commission. 14.) You will be required at the close of the sale to sign our standard purchase contract which will be forwarded to you via email or fax. 15.) The contract price is the final bid plus the 10% buyers premium. 16.) Your deposit must be made within 48 hours by cashiers check or wire transfer. For questions or more information contact Lee Amonett, Broker/Auctioneer, (931) 931-252-1907. 17.) Owner Terms: $5,000 Down, 6% Interest, Reasonable Amortization.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 29,000.00 1,000.00 USD
29,000.01 - 49,500.00 500.00 USD
49,500.01 - 9,999,999.99 250.00 USD
Currency USD
Buyer Premium Ten percent Buyer's Premium
Payment Terms
The contract price is the final bid plus the 10% buyers premium. A 15% deposit is required at the end of the sale. Your deposit must be made within 48hrs by cashiers check or wire transfer. For questions or more information contact Lee Amonett, Broker/Auctioneer, (931) 252-1907. You will be required at the close of the sale to sign our standard purchase contract which will be forwarded to you via email or fax.