Online Only Auction
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Price Realized:
675.00 USD
Shipping Not Available
Date(s)
7/23/2024 - 7/30/2024
AUCTIONEER INFORMATION
Bidding Notice:

BID PACKAGE: Auction Sales Contract & Promissory Note Package, along with any other paperwork pertaining to each sale #, will be sent by e-mail from TN Real Estate & Auction to the successful bidder, who must execute and email back to TN Real Estate & Auction within 24 hours of receipt. Successful bidders not executing and returning their contract & promissory note with earnest money deposit ... Show More


Information
Lot # 2
Group - Category Real Estate - Residential
Lead Lot 106 Red Bud Ln, & Lot 15 Leatherwood Dr
Description
Offered For Sale in the English Mountain Community Lot 106 Red Bud Lane, & Lot 15 Leatherwood Dr.
Name English Mountain Multi Property Auction
Auctioneer
Type Online-Only Auction
Date(s) 7/23/2024 - 7/30/2024
Auction Date/Time Info
Opening Bidding starts on July 23, 2024 at 10:00 am (est) Soft Closing starts on July 30, 2024 at 10:00 am (est)
Location
Buyer Premium Buyers Premium 10%
Description
ON-LINE ONLY ABSOLUTE PROPERTY AUCTION English Mountain Multi Property Auction. 30 Lots in the English Mountain area of Sevier County | TN being SOLD at Absolute Auction. All Lots are being sold from tax records and tax maps. No Surveys have been done.
REAL ESTATE TERMS: 10% Buyers Premium will be added to final bid price for the total sales price. A 10% non-refundable deposit of the contract price will be required day of sale. The purchaser will also be required to sign a promissory note for the full purchase price which will become null and void upon closing of the sale. This property is being sold as -is without financial contingencies or Inspection contingencies. Closing will take place on or before August 27, 2024 from closing of sale. T.A.L 5718 Online Auctions are timed events and all bidding will close at specified time. TN Real Estate & Auction, Online Auctions also have an auto extend feature. Any bid placed in the final 2 minutes of an auction, the auction ending will be automatically extended 2 minutes from the time the bid was placed. Example: if an auction scheduled to close at 2:00 receives a bid at 1:59, the close time will automatically extend 2:02. The auto extend feature remains active until no further bids are received within a 2 minute time frame. ALL PROPERTIES IN THIS SALE EXTEND IF ANY ONE OF THEM IS EXTENDED. TN Real Estate & Auction reserves the right to adjust the auto extension time period. THE FINAL SALE OF PROPERTIES USING INTERNET BIDS/MAX BIDS WILL DETERMINE THE WINNING BIDDERS OF PROPERTIES AS ADVERTISED. This online only 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 Auction Sales Contract.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 24.00 1.00 USD
24.01 - 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 Buyers Premium 10%
Payment Terms
Real Estate: TERMS: 10% Buyers Premium will be added to High Bid attained at Auction to constitute the Total Contract Price. A 10% non-refundable deposit of the contract price will be paid the day of the Auction when the Contract is executed. The purchaser will also be required to sign a promissory note for the full purchase price which will become null and void upon closing of the sale. The balance will be due at Closing on or before August 27, 2024 with Independence Title & Escrow Inc. closing the sale. This property is being sold as-is without financial contingencies or Inspection contingencies Personnel Property Terms: SOLD AS-IS WHERE IS. No warranties of any kind A 15% buyers premium will be added to bid price for a total sales price. Payment must be made in full and will be collected via credit card that was used for registration (unless other arrangements are made). In the event a card does not run, purchases may be paid by cash or certified funds.