The seller has the right to accept any bids before the auction. Online bidders are open for bidding, and the seller, at their sole discretion, could select one of the bids and accept the bid, and cancel the live Auction. Call the Auctioneer for any clarification. Please take a moment and read our terms and conditions. If you have questions regarding these terms, please let us know.
TERMS: This property will be sold subject to the owner's confirmation, which means the owner has the ability to reject or accept the final bid. By registering in our auction today, you agree to our terms & conditions and will be bound by those Terms and Conditions. A ten percent (10%) buyer's premium will be added to the high bid to establish the total sales contract price. Example: Winning bid of $100,000 = with the 10% buyer's premium, it comes out to $110,000, to establish the total sales contract price. 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 a nonrefundable deposit $10,000. Payment may be made by personal check, cashier's check, wire transfer, or cash. The balance is to be paid in full at closing within 30 days. Current taxes will be prorated at the date of closing. The 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, or any other contingencies. Auction and its auctioneers and agents are representing the sellers as the sellers' agents. Volunteer state auctions give 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. The agent represents the seller only and does not inspect properties on the 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 disclosure will be a part of the sales contract. Bidder understands and agrees that this agreement and all rights of the parties thereunder shall be governed by the laws of the County of Coffee, 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 attendant thereto. Buyer agrees that any legal action filed will take place within the county of Coffee, City of Manchester, State of Tennessee. Seller nor the Auction Company is responsible for internet glitches and bids being delayed from being recognized.
