*Soft Close with Extended Bidding Does Apply. **If you are outbid during the last 5 minutes of the auction, you will be given an additional 5 minutes to submit a bid. This process will continue until no bids have been made within the last 5 minutes.
Auction Terms and Conditions:
1.) 10% Buyer's Premium.
2.) 20% deposit at conclusion of sale, balance due within 30 days.
3.) Purchaser required to sign a uniform sales and purchase contract at the conclusion of the sale.
4.) Seller Pays 2024 Taxes.
5.) Selling by the new survey by Talbott Land Surveying.
6.) Home built prior to 1978, buyer to sign a 10 day waiver on inspection for lead based paint.
7.) Buyer responsible for the closing costs, as well as their own title search.
8.) Seller to convey the property by Warranty Deed.
9.) Possession is with deed at closing.
10.) Attorney David R. Choate 216 Cumberland St., Albany, KY (606)387-7192 to prepare closing documents and conduct the closings.
11.) This sale is final with no contingencies and is not subject to the buyer's ability to obtain financing.
12.) Amonett's Eagle Auction & Realty, LLC are agents for the Seller.
13.) Property selling "as is, where is", both surface and subsurface with no warranties guaranteed or implied. Bidders should complete their own due diligence prior to bidding. Seller nor his/her agent (Amonett's Eagle Auction & Realty) make any representation or warranty regarding any utility service(s) available to the real property being sold. Bidder/Purchaser has the duty to determine the feasibility of any utility service(s) prior to bidding.
Online Auction Bidding Software Disclaimer: This is an “As-Is” Site. You accept that you use the Site to your own risk and without any guarantees or promises from Amonett's Eagle Auction & Realty, LLC or its Sellers. This includes the functionality and operation of the Site. Amonett's Eagle Auction & Realty, LLC does not guarantee that the Site will be operational 100% of the time. Amonett's Eagle Auction & Realty, LLC does not guarantee that you will always be able to access the auctions listed on the Site. The Site is usually available 24 hours a day, 7 days a week. However, we retain the right to make the Site unavailable from time to time for any reason. Therefore:
-Amonett's Eagle Auction & Realty, LLC shall not be liable for any damages arising from any interruption, suspension, or termination of the Site.
-Amonett's Eagle Auction & Realty, in its sole discretion, may:
--Terminate or suspend access to any bidder for any reason to our Site.
--Terminate or suspend any bidder's registration to bid and bidder account. Bidders guarantee that the information they supply to Amonett's Eagle Auction & Realty, LLC is accurate. Users agree to indemnify and hold Amonett's Eagle Auction & Realty, LLC harmless from any lawsuit based on users’ negligence or activities.
--Suspend bidding on any individual lot and/or all lots in any auction at any time.
--Extend the bidding ending date & time for any individual lot and/or all lots in any auction at any time.
-- International Bidders are required to place a "bid" deposit prior to bidding. If they are a winning bidder, the "bid" deposit will be applied towards the purchase price. If they are not a winning bidder, the "bid" deposit shall be refunded. The "bid" deposit shall be 20% of the maximum bid per lot. The "bid" deposit shall be submitted by wire transfer only.
--By accepting the terms and conditions of the auction: If Purchaser(s) fail to close, Purchaser(s) agrees that Broker is a Third-Party Beneficiary of this Agreement due any damages from the breach, including but not limited to all costs of the sale and any commissions due from the sale, and those damages are enforceable against the Purchaser(s) irrespective and independent of any action taken by the Seller. Any action by Seller or Broker to enforce any rights provided under this agreement shall include all costs of collection and reasonable attorney’s fees. Purchaser(s) agree that the Chancery Court for Pickett County, Tennessee, or the General Sessions Court for Pickett County, Tennessee, depending on the subject matter of the lawsuit, shall be the venue for any action related to this sale. The laws of the State of Tennessee shall apply.
Information contained herein believed to be correct but not guaranteed. Announcements made day of auction or published / distributed on the Internet prior to the stated online auction ending time take precedence over previously published material and oral statements. Amonett's Eagle Auction & Realty, LLC, it's Agents and Staff are eligible Bidders and subject to registration, terms and conditions.
