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 home 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 10% 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.

Bidder understands and agrees that this agreement and all rights of the parties there-under, shall be governed by the laws of the County of Anderson, State of Tennessee and any action brought by either party shall be brought in the Courts of the State of Tennessee. In the event, that for any reason, the forum is deemed to be sufficiently inconvenient or the agreement on the forum selection is unenforceable it is still the intention of the parties that the Laws of the State of Tennessee govern the parties agreement and their rights attended thereto. Buyer agrees that any legal filed action will take place within the county of Anderson, City of Clinton, State of Tennessee.

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 1978. A Lead Based paint disclosure is required to be provided to the winning bidder. Contact JD's Realty & Auction for appointment.

Unleash Your Vision in Downtown Newport JD's Realty & Auction is thrilled to present an extraordinary opportunity to own a landmark property in the heart of Newport. Located at 261 E Broadway, this former all-brick church boasts an impressive 50,000 +/-sq ft of versatile space, offering endless possibilities for developers and visionaries. Property Highlights: " Prime Location: Situated centrally in downtown Newport, this property is perfectly positioned for maximum accessibility and visibility. It's within walking distance to local amenities, businesses, and community attractions, making it an ideal location for various development projects. " Historic Charm: This iconic all-brick structure exudes historic charm, providing a unique foundation for redevelopment. Whether you're envisioning luxury apartments, a boutique hotel, a vibrant cultural hub, or mixed-use development, this property offers the perfect canvas. " Expansive Space: With approximately 50,000 sq ft of space, the potential is limitless. The large open areas within the building allow for flexible design and utilization, enabling you to bring your vision to life with ease. " Incredible Value: The latest Cocke County tax appraisal values this property at $1,167,000, highlighting its exceptional investment potential. As Newport continues to grow, this property offers a rare chance to contribute to the city's development while benefiting from a prime downtown location. " Investment Potential: Newport is a community on the rise, rich in history and poised for a bright future. This property provides an unparalleled investment opportunity, allowing you to shape the future of downtown Newport and create something truly remarkable. Don't miss your chance to own a piece of Newport's history and drive the city's dynamic growth. Join us at the auction and take the first step toward realizing your development dreams. Auction Details: " Date: August 8th, 2024 " Time: 12pm EST " Location: 261 E Broadway, Newport, TN (All Bidding will take place ONLINE) For more information, visit our website or contact JD's Realty & Auction directly. We look forward to seeing you at the auction and helping you transform this extraordinary property into your next successful project. JD's Realty & Auction Your Trusted Partner in Real Estate and Auctions