Auction Terms & Conditions
Buyer's Premium
- 10% added to the final bid price to reach the total sales price.
Real Estate Terms & Conditions
- The Tennessee Real Estate Commission requires licensed real estate brokers to disclose which party they represent. Any potential purchaser should be aware that Kail Auctions, LLC and Tennessee Real Estate Company represent the seller at this auction.
- This auction is being conducted pending owner confirmation meaning the seller reserves the right to refuse the final bid.
- This farm will sell in two parcels and as a whole. Parcel 010.00 will be offered first, Parcel 008.00 will be offered second. Once both parcels have been offered, the bid price on both parcels will then be combined. IF any bidder wants to advance the bid by at least 5% for the combined parcels, the farm will be sold as a whole and not as individual parcels.
- 10% buyer's premium added to the final bid price to reach the total sales price.
- A 10% non-refundable earnest money deposit is required the day of the sale or by the end of the following business day for winning online bidder. Forms of payment accepted: Personal check (proof of funds), Cashier's check, or Wire transfer (add $30 for wire transfer fees)
- Property sells AS IS, with no warranties or contingencies. All inspections are welcome at the cost of the buyer before the auction.
- Title work will be completed by Neese Law Firm and the closing will be held in their office in Paris, TN. Buyer will be responsible for their portion of the closing costs, title insurance, and proration of taxes.
- Buyer agrees to close on the property on or before December 29th, 2025.
- To qualify to bid online, (if not known by the auction company) bidders must contact the auctioneer at 731-514-1258 kailauctions@gmail.com
- Auctioneer and Sales Management team reserve the right to bid or execute any absentee or other bids that are turned in to them.
- Bidder acknowledges and agrees that any bids that are made are to remain live and active until the auction is complete and final.
- All information used in advertisements and promotions of this auction have been obtained by public records and other sources deemed to be reliable and are believed to be true and correct. There are no warranties or guarantees made to this effect.
- Property is being sold subject to these terms and any other terms announced at the auction. These terms will be incorporated into the sales contract for future reference and shall survive the closing of this transaction. - All announcements made the day of the auction will take precedence over any previous announcements or advertisements.
Online bidding is a convenience offered to customers, and we make every effort to execute your instructions regarding your Online Bids. Kail Auctions, LLC is not liable for or responsible for any errors or failure to execute such instructions. Kail Auctions, LLC reserves the right to cancel, postpone, or extend the auction at their discretion.
The auctioneer, the auction staff, or anyone affiliated with the auction company reserve the right to bid on and or buy any items in the auction. They will be held to the same terms and conditions as stated.
DESCRIPTIONS: All descriptions are subjective and up for interpretation. Please note you are responsible for looking at all photos and reading descriptions. Appointments are available at anytime before the auction so buyers have the opportunity to inspect the property.
On the fall of the auctioneer's hammer or other acknowledgment of a successful bidder on a lot, title to the property in that lot will pass and the successful bidder there upon assumes full risk and responsibility for the purchased property. The highest bidder shall be the buyer. If any dispute arises, the auctioneer shall have absolute discretion to settle it and put any disputed lot up for sale again. Kail Auctions, LLC has full discretion to refuse any bids.
Online bidding is a convenience offered to customers, and we make every effort to execute your instructions regarding your Online Bids. Kail Auctions, LLC is not liable for or responsible for any errors or failure to execute such instructions. Kail Auctions, LLC reserves the right to cancel, postpone, or extend the auction at their discretion.
TECHNICAL PROBLEMS: We have made reasonable efforts to provide online bidding for this auction. You recognize and acknowledge, however, that technical problems with hardware, software, or internet connectivity, as well as human errors, may arise and may affect, without limitation, the Kail Auction's HiBid website, our online bidding program and process, your or our internet service and access, and your connection to this auction's bidding program and process. You further acknowledge that these and other technical problems may develop at any time and with or without notice. You acknowledge and agree that neither we nor the Seller is in any way responsible for any such technical problems, and that you have no absolute or other right to be able to bid on this auction in the event of any such technical problems. Notwithstanding the foregoing, you further acknowledge and agree that, in the event of any such technical problems, we reserve the right to postpone or cancel the auction and/or extend the bidding time for this auction and/or relist the property for auction at another time, in our sole discretion, and that our decision with regard to any such actions is and will be final.
All legal disputes or any litigation's that may arise, for any reason, between Kail Auctions, LLC and bidder shall be tried in Courts of Paris, Henry County, Tennessee. Successful purchasers agree to pay all reasonable attorneys' fees and costs incurred by Kail Auctions, LLC, the seller and/or their assigns, agents or employees in the commencement or defense of any action here-under as well as in the collection of any obligation here-under.
This auction is being conducted under appropriate state and local laws and the Uniform Commercial Code. Any additional terms or conditions of sale shall be announced prior to the auction. Bidding on any item indicates acceptance of these terms and conditions.