AUCTION TERMS AND CONITIONS FOR UPCOMING AUCTION WILL BE CONSIDERED PART OF THE BUYERS CONTRACT.

TERMS AND CONDITION FOR REAL PROPERTY AUCTION APRIL JUNE 7TH THROUGH JUNE 15TH, 2021.

FOR THE PROPERTY LOCATED AT 401 EAST COTTAGE AVE, ELIZABETHTON, TN 37643.PARCEL ID # 041F E 012.00.

10% DOWN DUE IMMEDIATELY UPON SIGNING OF CONTRACT. SUCCESSFUL BIDDER TO IMMEDIATELY SIGN PURCHASE CONTRACT UPON ACCEPTED BID BY SELLER.


THERE IS A 10% BUYERS PREMIUM FOR THIS AUCTION. 10% BUYERS PREMIUM WILL BE ADDED TO THE FINAL BID TO DETERMINE THE FINAL CONTRACT PRICE.


CLOSING TO TAKE PLACE WITHIN 30 DAYS OF CONTRACT SIGNING. EARNEST MONEY DEPOSIT WILL BE FORFEITED IF BUYER DEFAULTS ON THE CONTRACT. A $10,000.00 DEPOSIT MUST BE PRESENTED TO THE AUCTION COMPANY PRIOR TO BEING APPROVED FOR BIDDING. IF YOU DO NOT HAVE A WORKING RELATIONSHIP WITH THE AUCTION COMPANY THEN YOU WILL NOT BE APPROVED TO BID UNLESS A CHECK OR BANK WIRE OF FUNDS IS PRESENTED BEFORE THE END OF BIDDING TIMELINE.


THE SELLER OR AUCTIONEER WILL NOT BE RESPONSIBLE FOR ARRANGING ANY FINANCING. PLEASE MAKE SURE YOU HAVE THE NECESSARY RESOURCES BEFORE BIDDING. 2021 PROPERTY TAXES WILL BE PRORATED. SELLER WILL FURNISH DEED. BUYER(S) WILL PAY ANY OTHER EXPENSES.


SUBJECT TO ANY EXISTING EASEMENTS, CLAIMS OF EASEMENT OR RESTRICTIONS, ZONINGS, RIGHT OF WAYS OR ANY OTHER MATTERS NOT OF RECORD. INCLUDING ALL ROAD, WATER, SEWER AND POWER LINE EASEMENTS IF ANY.


PROPERTY IS SELLING WITH A CURRENT SURVEY.


OWNER OR RUSS SWANAY REAL ESTATE OR AUCTIONEER WILL NOT BE HELD LIABLE FOR ANY PRESENT OR PAST ENVIRONMENTAL HAZARDS, SINKHOLES, OR ANY OTHER MATTERS THAT MAY AFFECT THE MARKETABILITY OF THE PROPERTY. PROPERTY WAS BUILT BEFORE 1978, BUYER HAS THE RIGHT TO DO A LEADBASED PAINT INSPECTION, HOWEVER, THE SELLER WILL NOT "CURE" ANY LEADBASE PAINT ISSUES.


THERE IS NO WARRANTY, EITHER WRITTEN OR IMPLIED ALL IMPROVEMENTS ARE BEING "SOLD AS IS." OWNER WILL TRANSFER THE PROPERTY WITH A WARRANTY DEED. IT IS THE BUYERS RESPONSIBILITY TO PAY FOR THEIR OWN TITLE OPINION AND RECORDING FEES.


AUCTIONEER RESERVES THE RIGHT TO REJECT ANY BID CONSIDERED TO NOT BE IN THE BEST INTEREST OF THE SALE. PROPERTY BEING OFFERED WITH A RESERVE.


THE AUCTIONEER NOR THE OWNER, WILL NOT BE HELD LIABLE FOR ANY ACCIDENTS THAT MAY OCCUR ON THE PREMISES.


RUSS SWANAY REAL ESTATE P.A.L. # 4465 112 SOUTH ARMED FORCES DRIVE ELIZABETHTON, TN 37643 PHONE (423)543-5741 AUCTIONEER: DAVID COLLINS

ONLINE ONLY AUCTION BIDDING STARTS JUNE 7TH @ 8:00 A.M. AND BEGINS CLOSING ON JUNE 15TH @ 6:00 P.M 2 UNIT APARTMENT BLDG AND A VACANT LOT NEAR DOWNTOWN ELIZABETHTON. 2021 Tax appraisal: $173,000.00 house and lot!!! AUCTIONEERS NOTE: Excellent rental property and vacant lot. Online bidding period will begin June 7th, 2021 and will end June 17, 2021 @ 6:00 p.m. Great investment opportunity convenient to all of Elizabethton. Older 2 story home, that has been turned into a duplex. Lower unit is a 3 bedroom one bath that rents for $450.00 per month. Upper unit is a 2 bedroom one bath and rents for $350.00 per month. Selling separately is a 50' X 120' vacant lot that is completely level and is a rare find within the city limits of Elizabethton. TERMS AND CONDITIONS: 10% down at contract signing. Closing to be within 30 days of contract signing. If you do not have a working relationship with our auction company, you will need to provide a $10,000.00 deposit before you will be approved for bidding. See additional terms and conditions at our bidding URL. There will be a 10% buyers premium added to the final bid to determine final contract price. Buyer may obtain a lead based paint inspection, but results are not contingent to closing. Owner is selling as is with no warranty's expressed or implied.