Real Estate Terms:
Powell Auction will email winning bidder your contract. The successful high bidder on this property will be required to sign the Real Estate Sales Contract, Terms & Conditions and any other documents needed, upon conclusion of the bidding and will make an earnest money deposit of ten percent (10%) of the sales price. A ten percent (10%) buyer�s premium will be added to the high bid to establish the total sales price. US currency cash or approved check. The balance is to be paid in full at the deed closing. By bidding you are entering into a binding agreement.

M & M Title will be conducting the closing. Current taxes, will be prorated at the date of closing, unless otherwise specified. Seller to provide deed. Buyer is responsible for title opinion, title insurance & recording fees. Buyer is responsible for HOA requirements, transfer fees, membership fees, if applicable. Title company closing cost to be split between buyer & seller. Buyer is to obtain his/her own financing. Closing to occur on or before July 12th, 2024.

The contract will not be contingent upon financing, inspections or any other contingencies.

Powell Auction & Realty LLC and its auctioneer(s) and employee(s) are representing the seller(s) as the sellers Agent(s).

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 & age are approximate and not guaranteed. Seller and or Agent makes no warranty as to accuracy of information. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding. Tennessee Residential Property Exemption and Lead-Based Paint Waiver will be part of the sales contract. Any remaining personal property will convey at closing. **Powell Auction reserves the right to withdraw, without notice, any items in the auction at any time.**

Thank you for participating in this Powell Auction & Realty LLC Online Auction.

It is important that you familiarize yourself with these terms & conditions of Sale. If you do not agree with any of the terms and conditions stated, DO NOT BID. You will be bound by these terms and conditions. Good luck and good bidding. Agent/Auctioneer may withdraw, extend, or rearrange any property and or item(s) at their sole discretion at any time, without notice and will not be liable for any computer, internet or website malfunctions. Bidding may extend, if bids are placed within the last minute, to prevent bid sniping. Powell Auction & Realty LLC will have up to 7 DAYS to provide the Buyer with any documents to be signed, after the auction has ended. Payment must be made within 48 Hrs after being contacted by Powell Auction & Realty LLC. All properties are sold �AS IS, WHERE IS and WITH ALL FAULTS�, without any warranties expressed or implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder�s behalf. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding. We do not approve any international bidding. It is up to the auctioneer to approve or disapprove bidders.

New Bidders, please Pre-Register, we will have to approve you to Bid!

2 East Knoxville Investment Homes � 2741 Lay Avenue and 2707 Selma Avenue ONLINE ONLY REAL ESTATE AUCTION BIDDING BEGINS TO CLOSE: Tuesday, June 11th at 12:00PM � Noon (ET) OPEN HOUSE: Monday, June 10th from 1-2PM (ET) 2741 LAY AVENUE � KNOXVILLE, TN 37914 Approx. 800 SF with 3 bedrooms and 1 bathroom Currently rented month-to-month for $650.00 (will go to $750.00 per month in July) Tenant is long term and would like to work with new owner to remain in the home Living room Eat-in kitchen Detached 1-car garage/storage building Lot Size: 50 x 130 Year Built: 1955 Knox County Parcel/Tax ID: 082KN021 $533.26 � total yearly property taxes | $309.87 � City of Knoxville and $223.39 � Knox County Located approx. 10 minutes from downtown Knoxville and the University of Tennessee 2707 SELMA AVENUE � KNOXVILLE, TN 37914 Approx. 1231 SF with 2 bedrooms and 1 bathroom Currently rented (long term tenant) month-to-month for $700.00 Tenant has lived in the house for over 20 years and would like to work with new owner to remain in the home Covered front porch Living room Kitchen Dining room Storage room Storage shed Lot Size: 50 x 150 Year Built: 1935 Knox County Parcel/Tax ID: 082KN030 $581.48 � total yearly property taxes | $337.89 � City of Knoxville and $243.59- Knox County Located approx. 10 minutes from downtown Knoxville and the University of Tennessee