REAL ESTATE TERMS: Please take a moment and read our terms and conditions. If you have questions regarding these terms, please call our office.
This home will be sold subject to the owner's confirmation.
Title work has been completed by Cedar City Title in Cookeville. Survey will need to be completed to secure title insurance. Title opinion letter is available.
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 and any other documents needed immediately upon conclusion of the bidding and will make a nonrefundable deposit of 10% down . Payment may be made by personal check, cashiers check or wire transfer. A ten percent (10%) buyer's premium will be added to the high bid to establish the total sales contract price. The balance is to be paid in full at closing within 30 days. 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 but the auction is not contingent upon it. The contract will not be contingent upon financing, inspections, appraisal or any other contingencies. Auction and its auctioneers and agents are representing the sellers as the sellers' agents. The Real Estate Collective gives notice that the auctioneer or agent can bid on behalf of the seller up-to the reserve price. 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 will be a part of the sales contract. Bidder understands and agrees that this agreement and all rights of the parties there-under, shall be governed by the laws of the County of Rhea, State of Tennessee and any action brought by either party shall be brought in the Courts of the State of Tennessee. In the event, that for any reason, the forum is deemed to be sufficiently inconvenient or the agreement on the forum selection is unenforceable it is still the intention of the parties that the Laws of the State of Tennessee govern the parties agreement and their rights attended thereto. Buyer agrees that any legal filed action will take place within the county of Putnam, City of Cookeville, State of Tennessee. 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. In an online only auction bids that are placed within the last minute, will cause bidding to automatically extend to prevent bid sniping. Payment must be made within 48 Hours after you are the winning bidder. The Real Estate Collective will have up to 7 DAYS to provide the Buyer with any documents to be signed after the auction has ended.
