Bidding Terms and Conditions of Real Estate Auction
149 Shelly Drive - Sharps Chapel, TN
Live & Online Auction - Saturday, April 26th at 11:00 AM ET
Thank you for participating in this online and live auction event (the "Auction"). Please read these Terms & Conditions carefully. By placing a bid, you agree to be bound by all conditions of sale outlined below.
Auction Firm- JD's Realty & Auction, LLC (referred to herein as "Auction Firm" or "Auctioneer") is conducting this auction as the sole licensed auctioneer and real estate brokerage firm.
All announcements day of sale take precedence over any previously advertised material.
Inspection- The property is available for inspection by appointment. Real estate agents may show the property to prospective buyers by scheduling an appointment and completing buyer registration.
Registration- All bidders must register with the Auction Firm prior to bidding. Online bidders must complete the online registration process. Live bidders may register at the auction site. By registering, all bidders acknowledge and accept these Terms & Conditions.
Agency- The Auction Firm and its agents represent the Seller only in this transaction. Any cooperation with buyer agents or referring brokers is as a courtesy and does not create an agency relationship with the buyer.
Contracts & Deposit- The high bidder shall sign the Purchase and Sale Agreement and deliver a non-refundable deposit of 10% of the bid price at the conclusion of the auction. Deposits must be made by check. The purchase agreement is irrevocable for 24 hours following its receipt by the Seller.
Contact Jason Deel at JD@JDsauctions.com for a sample copy of the Purchase and Sale Agreement.
Auction Method & Closing- This auction is conducted both live and online. The property is selling subject to seller confirmation.

Closing shall occur no later than 30 days following the auction. Time is of the essence. The Buyer will pay customary closing costs. The Seller will convey the property via General Warranty Deed and provide clear title. Possession is granted at closing.
Buyer's Premium- A 10% Buyer's Premium will be added to the high bid to determine the Total Purchase Price.
Pre-Auction Offers- The Seller reserves the right to accept a pre-auction offer and cancel or modify the auction at any time.
Contingencies- No contingencies will be accepted for financing, inspections, or appraisals. The property is selling AS-IS, WHERE-IS.
Condition of Property- The property is sold in AS-IS, WHERE-IS condition with no warranties or guarantees expressed or implied by the Auction Firm or Seller. Buyers are encouraged to conduct all inspections prior to bidding.
Technology Disclaimer- JD's Realty & Auction may utilize third-party bidding platforms or services. The Auction Firm is not liable for missed bids or errors due to technological failures, internet disruptions, or service provider issues.
Force Majeure- The Auction Firm shall not be held liable for delays or inability to perform due to acts of God, war, government regulation, pandemic, natural disaster, or events beyond its control.
Broker Participation- Referring brokers are eligible for a commission of the high bid amount, provided they:
- Register their client in writing before any contact is made with Auction Firm
- Remain actively involved in the transaction through closing
- Send JD's a copy of the Buyer Representation agreement.
High Bidder Notification- Online Winning bidders will be notified by email and phone. Bidders are responsible for monitoring their email and completing contract obligations on time.
Jurisdiction & Venue- This agreement and any related disputes shall be governed by the laws of the State of Tennessee. All legal actions or claims must be filed exclusively in Anderson County, Tennessee.
Buyer Beware- By placing a bid, the bidder acknowledges that they have had an opportunity to inspect the property and are purchasing it AS-IS, WHERE-IS, and AS-INSPECTED, with all faults. The Auctioneer reserves the right to place bids on behalf of the Seller.
Final Note- These Terms & Conditions may only be modified in writing by JD's Realty & Auction. By registering and placing a bid, you acknowledge that you have read and understood all terms stated herein.

LAKEFRONT AUCTION � 149 Shelly Dr, Sharps Chapel, TN | Norris Lake Paradise Divided into 3 Parcels Bidding Live & Online Auction opens for live bidding on site at the property : Saturday, April 26th at 11:00 AM (ET) Location: Sharps Chapel, TN � Just off Hwy 33 near the Knox County Line Prime Norris Lake Property � Endless Possibilities! JD�s Realty & Auction is proud to present this once-in-a-lifetime opportunity to own a piece of highly sought-after Norris Lake. Whether you're looking for a weekend escape, permanent residence, or investment opportunity, this property delivers unmatched potential. Offered in three individual parcels, bidders can buy one, two, or all three! PROPERTY HIGHLIGHTS:Lakefront Access:Two of the three parcels sit directly on Norris Lake, and one includes a private dock � perfect for boating, fishing, and lakefront entertaining.Spacious Home:2,600 total sq ft (1,300 sq ft on main level + 1,300 sq ft finished basement) Finished basement with cozy fireplaceExpansive deck overlooking the lake Detached garage � ideal for storage, lake toys, or workshop useMetal roof for added durability and lower maintenance Built in 1976 � full of character and potential for your personal updatesNote: Furnishings do not convey Additional Features:Property sold in three separate parcels � you choose how much lakefront lifestyle you want!No manufactured housing allowed on any parcelSoil Perk Testing in process OPEN HOUSE OPPORTUNITIES:Saturday, April 12th | 10:00 AM � 12:00 PMSaturday, April 19th | 4:00 PM � 6:00 PMCome tour the property in person and imagine the possibilities! LIVE & ONLINE BIDDING OPTIONS:Whether you�re local or out of town, bidding is easy and accessible. This auction will feature both live and online bidding, offering you the flexibility to participate however you prefer.Final bidding begins to close at 11:00 AM ET on Saturday, April 26th.Don't miss your opportunity to own a rare lakefront gem in beautiful East Tennessee. Endless possibilities await � build, invest, or enjoy! Understanding the Multi-Parcel Auction Method . How It Works: 1. Individual Parcel Bidding: Each parcel is initially offered separately, allowing bidders to place bids on the specific tract(s) they are interested in. The high bidder in the first line has the right to defend the bid throughout the auction. 2. Combination Bidding: Subsequently, bidders have the opportunity to bid on any combination of parcels, including the entire property. This flexible structure enables participants to pursue the exact configuration that suits their needs. Bidders must bid on more than one parcel if they are not in the first line. Each increase in the bid must be at least 3%. 3. Dynamic Bidding Process: The auction remains open for individual defending bids and combination bids, with the leader board updating to reflect the highest total bid. This process continues until no further bids are placed