Townsend, TN Online Auction

PLEASE READ TERMS: 10% BUYER'S PREMIUM ADDED TO THE  FINAL BID PRICE. AUCTION OF WEARS VALLEY ACREAGE IS SUBJECT TO FINAL COURT APPROVAL . 10% DOWN OF FINAL BID PRICE WITHIN 24 HOURS OF SALE'S END. BUYER TO SIGN AN AUCTION SALES CONTRACT WITHIN 24 HOURS OF AUCTION ENDING. THE CONTRACT WILL BE TAKEN BY AUCTIONEERS TO THE COURT FOR APPROVAL. ONCE THE COURT APPROVES THE SALE, BUYER TO CLOSE ON PROPERTY IN 30 DAYS OR LESS.

TWO LOTS IN LAUREL VALLEY MOUNT LUKE SUBDIVISION (LOTS 64 & 65 ) ARE BEING SOLD AS ONE, AND ARE BEING  SOLD TO THE HIGHEST AND BEST BIDDER. 10% DOWN WITHIN 24 HOURS OF SALE'S CONCLUSION. BUYER THEN HAS 30 DAYS TO CLOSE.

ALL PROPERTIES ARE SOLD AS-IS WITH ANY AND ALL FAULTS AND INCUMBRANCES. BUYER PLEASE DO YOUR DILIGENCE PRIOR TO THE AUCTION. THERE IS AN AUTO-EXTEND FEATURE ENABLED ON THE AUCTION. IF A BID IS PLACED IN THE FINAL 5 MINUTES OF THE AUCTION, THE SALE WILL AUTOMATICALLY EXTEND FOR 5 MINUTES. ONCE ALL BIDDING IS EXHAUSTED, AND NO BIDS ARE PLACED IN THE FINAL FIVE MINUTES, THE TIMER WILL CLICK DOWN TO ZERO, AND THE AUCTION WILL END. AS AN EXAMPLE, IF THE SALE ENDS AT 2:00PM AND SOMEONE BIDS AT 1:59PM, THE NEW END TIME WILL BE 2:04PM AND SO ON. THIS CLOSELY MIMICS A LIVE IN-PERSON AUCTION, WHERE THE AUCTIONEERS SAYS. "GOING ONCE, GOING TWICE, GOING THREE TIMES, SOLD!" THIS MAKES IT FAIR TO ALL BIDDERS AND GIVES EVERYONE A FAIR CHANCE TO BID. ALSO, THERE IS AN AUTO-EXTEND FEATURE ENABLED ON THE AUCTION. IF ONE PROPERTY GETS A BID, THEN THEY ALL EXTEND AUTOMATICALLY, SO EVEN IF ONE PROPERTY DOESN'T RECEIVE A BID BUT ACTIVE BIDDING IS CONTINUING ON ANOTHER PROPERTY, ALL PROPERTIES REMAIN OPEN FOR BIDDING. ONCE ALL BIDDING IS EXHAUSTED ON ALL LOTS, THE TIMER WILL TICK DOWN TO ZERO AND ALL BIDDING WILL END AT THAT TIME.

IF YOU DON'T UNDERSTAND THE TERMS OF THE AUCTION, CALL US AND WE CAN EXPLAIN THEM TO YOU. IF YOU DON'T AGREE WITH THE TERMS, OR DON'T TRUST THE SYSTEM, THEN DON'T BID! IT IS AS SIMPLE AS THAT. THANK YOU, GOOD LUCK, AND HAPPY BIDDING!