Terms of Sale: 5% deposit from the highest bidder, upon seller acceptance, can be a personal check. Closing within 30 days of accepted contract. Sale subject to prior sale without further notice.
Seller will convey a good and marketable title that will be free and clear of all encumbrances and will be insurable by a licensed title insurance company at a regular rate. Real Estate taxes will be current and prorated to closing.
SALE IS SUBJECT TO SELLER CONFIRMATION. The online bidding system's use of the term "Minimum Bid" does not indicate a reserve bid amount. It is simply used to communicate the nominal opening bid, or nominal bid increase that the system requires. In no case should it be construed as a reserve bid above which the subject property must be sold. The sale of this property is subject to seller's approval of the highest bid in writing. This requirement takes precedence over any, and all, system generated notices and / or emails to the contrary stating that the item has been "Successfully Purchased." See "Preparation of Agreement" section below for additional related terms.
The property information, while compiled from sources we believe reliable, is not guaranteed accurate and is subject to errors and omissions. All email announcements take precedence to previously emailed and / or published material. Property is selling “AS IS”-“WHERE IS”.
In the case of properties being auctioned in "Occupied" condition, the buyer assumes all responsibility for dealing with the occupant and securing possession of the property. Seller will take no action to remove the occupying party from the property.
Preparation of Agreement: Within 24 hours of the online bidding close, the successful highest bidder is required to provide their information as follows for preparation of an "Agreement for the Sale of Real Estate
1.) Full name (or names) as you would like it to appear on the deed.
2.) Street address (cannot be a P.O. Box.)
3.) Phone number (or numbers)
4.) Valid email address (or addresses)
The Agreement for the Sale of Real Estate
will then be prepared and emailed to the highest bidder along with the Agency Disclosure
for signatures. This agreement and agency disclosure must be signed by all parties named in the agreement as potential buyers, and returned to Auction World USA within 5 calendar days.
Once the Agreement for the Sale of Real Estate
has been signed by the highest bidder and returned to Auction World USA, it will be forwarded to the seller for review at their next regular board meeting. Under normal circumstances the board meeting occurs on Thursday afternoons, and responses are received on Fridays. (*Please Note: Delay in returning the signed agreement to Auction World USA results in delaying the seller's response to your bid.)
(Please click the links below and review the sample agreement and mandatory agency disclosure prior to bidding.)
Auction World USA, LLC
In cooperation with
Heritage Realty & Auction Co, Inc
David Farmer TN #2436/256505/2572/273544