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

TERMS AND CONDITION FOR REAL PROPERTY AUCTION APRIL JUNE 14TH THROUGH JUNE 22, 2021.
FOR THE PROPERTY LOCATED AT 1209 DIVISION STREET, JOHNSON CITY, TN 37601. PARCEL ID # 083 023.01.

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 AND BUYERS TITLE INSURANCE POLICY. BUYERS MUST USE THE SELLERS TITLE COMPANY IN ORDER TO RECEIVE A SELLER FURNISHED TITLE POLICY. BUYER MAY DO THEIR OWN TITLE OPIONION, HOWEVER SELLER WILL NOT FURNISH A TITLE POLICY FROM A TITLE COMPANY OTHER THAN THE SELLERS TITLE COMPANY.


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 WITHOUT 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 14 @ 8:00 A.M. AND BEGINS CLOSING JUNE 22 @ 6:00 P.M. FOR MORE INFO AND ONLINE BIDDING VISIT OUR WEBSITE @ WWW.SWANAYPROPERTIES.COM 1209 DIVISION STREET, JOHNSON CITY, TN 37601 DIRECTIONS: From South Roan Street, turn onto Division Street. First house on the left. AUCTIONEERS NOTE: Great investment property in the city of Johnson City. One story home that offers 3 bedrooms and 1 1/2 baths. Located 43' x 150' level lot and has off street parking. A great investment property for the savvy investor. Home is currently rented for $950.00 per month. SPECIAL NOTE: SELLER WILL FURNISH THE TITLE POLICY FOR THE BUYER. BUYERS MUST USE THE SELLER'S TITLE COMPANY FOR CLOSING. 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 on closing. Owner is selling as is with no warranties expressed or implied. RUSS SWANAY REAL ESTATE OFFERS COMPLETE AND COMPREHENSIVE REAL ESTATE AND AUCTION SERVICES. VOTED # 1 BY THE READERS CHOICE OF CARTER COUNTY FOR BEST AUCTION AND REAL ESTATE FIRM. TO VIEW OUR CURRENT AUCTIONS, REGISTER OR BID ONLINE VISIT: WWW.SWANAYPROPERTIES.COM BEST WAY TO BID ONLINE: 1. Place your maximum bid with confidence! Our easy and trusted bidding system ensures you get the best prices. Your bid stays at the lowest price required to keep you in the lead, and increases only if another bidder places a competing bid. 2. In the event the bidding surpasses your maximum bid you will be notified prior to auction close with the option to adjust your bid. Bid with Confidence! 3. Bid with confidence as you are the only person with visibility to see your maximum bid! With our secure auction platform, we can only see the current bid price! Russ Swanay Real Estate 112 Armed Forces Dr. Elizabethton, TN 37643 423-543-5741 www.swanayproperties.com David Collins Principal Auctioneer P.A.L # 4465