Absolute Real Estate Auction Oliver Springs, TN

Stephenson Realty and Auction

 

Date(s) 8/27/2018 - 10/20/2018

Live & Online bidding available. Live bidding will start on-site at the farm on Saturday Oct 20th at 10:30am

Past Auction
Bidding Notice:

This auction will take place with 3 lots. Once a high bid is established on lot one we will move to lot #2. We will again establish a high bid on lot #2, then move to the combination (Lot #3) both tracts We will then add both lot #1 & Lot #2 together add 2% and offer the combination of both Lot #1 & Lot #2. This will establish the starting bid for Lot #3.

Auction Information
Name Absolute Real Estate Auction Oliver Springs, TN
Auctioneer
Type Live Webcast Auction
Date(s) 8/27/2018 - 10/20/2018
Auction Date/Time Info
Live & Online bidding available. Live bidding will start on-site at the farm on Saturday Oct 20th at 10:30am
Preview Date/Time Open House will be Oct 14th from 2-3pm
Checkout Date/Time Buyer/s must pay 10% down on the day of the auction, and have 30 days to close.
Location
Buyer Premium 10% Buyers Premium
Description
Auction is now open for bidding. This auction will take place with 3 lots. Once a high bid is established on lot one we will move to lot #2. We will again establish a high bid on lot #2, then move to the combination (Lot #3) both tracts We will then add both lot #1 & Lot #2 together add 2% and offer the combination of both Lot #1 & Lot #2. This will establish the starting bid for Lot #3.
REAL ESTATE TERMS: Welcome to our Auction, we hope you enjoy your experience. Please take a moment and read our terms and conditions. If you have questions regarding these terms please call our office. By registering in our auction today you agree to our terms & conditions and will be bound by those Terms and Conditions. The successful high bidder on this property will be required to sign a Real Estate Sales Contract, Terms & Conditions, and any other documents needed immediately upon conclusion of the bidding and will make an earnest money deposit of 10% of total sales price. A ten percent (10%) buyer's premium will be added to the high bid to establish the total sales contract price. Payment may be made by personal check, cashiers check or cash. The balance is to be paid in full at closing within 30 days of the auction. Current taxes will be prorated at the date of closing. Seller will provide the deed. Buyer is responsible for title opinion, title insurance and recording fees. Customary closing costs will be paid by the buyer. Buyer is to obtain their own financing. The contract will not be contingent upon financing, inspections or any other contingencies. Bear Stephenson Realty & Auction and its auctioneers and agents are representing the sellers as the sellers' agents. All properties are sold "AS-IS, WHERE-IS and WITH ALL FAULTS," without any warranties expressed, implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder's behalf. All measurements, square footage and age are approximate and not guaranteed. Seller and or agent makes no warranty as to the accuracy of information. All information is deemed reliable, but not guaranteed. Buyer to verify all information to their satisfaction prior to bidding. Tennessee Residential property exemption notification and lead-based paint disclosure waiver will be a part of the sales contract. If you are bidding online please note, the auctioneer may without notice, withdraw, extend or rearrange any property, and or item at their sole discretion at any time and will not be liable for any computer, internet or website malfunctions. If bids are placed within the last minute, bidding will automatically extend to prevent bid sniping. Payment must be made within 24 Hours after you are the winning bidder. Stephenson Realty & Auction will have up to 7 DAYS to provide the Buyer with any documents to be signed after the auction has ended. Lead Based paint- This home was built before 1978. If you wish to conduct lead-based paint tests, contact Stephenson Realty & Auction co. for appointment.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 95.00 5.00 USD
95.01 - 975.00 25.00 USD
975.01 - 9,750.00 250.00 USD
9,750.01 - 97,500.00 2,500.00 USD
97,500.01 - 9,999,999.99 10,000.00 USD
Currency USD
Buyer Premium 10% Buyers Premium
Payment Terms
An earnest money deposit of 10% of total sales price will be due on the day of the auction. A ten percent (10%) buyer's premium will be added to the high bid to establish the total sales contract price. Payment may be made by personal check, cashiers check or cash. The balance is to be paid in full at closing within 30 days of the auction.
N/A
Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.