Auction Terms & Conditions

REAL ESTATE TERMS: Welcome to our Auction, we hope you enjoy your experience. Please take a moment and read our terms and conditions. If you have questions regarding these terms, please call our office. If you have a Realtor we are paying a Co-Op if you bring a buyer for this property. This property will be sold subject to the owner's confirmation. By registering in our auction today you agree to our terms & conditions and will be bound by those Terms and Conditions. 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 an earnest money deposit of $30,000 down . A ten percent (10%) buyer's premium will be added to the high bid to establish the total sales contract price. Payment may be made by personal check; cashier's check or cash. The balance is to be paid in full at closing within 45 days. Current taxes will be prorated at the date of closing. 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. The contract will not be contingent upon financing, inspections or any other contingencies. JD's Realty & Auction and its auctioneers and agents are representing the sellers as the sellers' agents. JD's Realty & Auction gives notice that the auctioneer or agent can bid on behalf of the seller upto 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. Agent represents the seller only and does not inspect properties on 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 exemption notification and lead-based paint disclosure will be a part of the sales contract.

If you are bidding online please note, the auctioneer may without notice, withdraw, extend or rearrange any property, and or item at their sole discretion at any time and will not be liable for any computer, internet or website malfunctions. In an online only auction bids that are placed within the last minute, will cause bidding to automatically extend to prevent bid sniping. Payment must be made within 24 Hours after you are the winning bidder. JD's Realty & Auction will have up to 7 DAYS to provide the Buyer with any documents to be signed after the auction has ended. Lead Based paint- This home was built before 1977. A Lead Based paint disclosure is required and will be provided to the winning bidder. Contact JD's Realty & Auction for appointment.

Attention all potential investors and business owners! Here is your chance to own an established business with a steady income stream. We are proud to announce the auction of a laundromat located in a prime location. This laundromat is fully equipped with state-of-the-art machines, including washers and dryers, and provides a clean, safe, and convenient space for customers to do their laundry. With a spacious and well-maintained facility, this laundromat has built a loyal customer base. This is an excellent opportunity to invest in a turnkey business with a steady income stream. Whether you are a seasoned business owner or a first-time investor, this laundromat is the perfect opportunity to secure a profitable investment. The auction will take place on Tuesday, March 7th at 12pm and the winning bidder will have the opportunity to take ownership of the business and its assets within 45 days. Knoxville, TN- This is the one you have been waiting for, 3 income streams. Bottom of the building is currently a rented space including outside storage. Building also has a 2 bedroom apartment that the current owner occupies. Great street visibility, and a very clean facility. Lots of growth potential. There are 30 washing machines, 32 Dryers, 3 vending machines, 2 change machines. One boiler is new within the past 3 years. Roof was replaced in the past 10 years. Current business hours M-Sun 6:00am - 5:00pm Open House Schedule: Saturday Feb 11th 12-2pm - Saturday Feb 18th 2-4pm - Thursday Feb 23rd 5-7pm Live and Online Bidding. Live bidding will begin on site Tuesday March 7th at 12:00pm