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Tract 8
Lot Closed
This item is in Portland, TN
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Item Details
21.09 Acres 50 Feet of Road Frontage. Selling Separately.
Bidding by Choice Details
The Auctioneer will open the bidding; the high bidder will get to choose from tracts 3-7 the tract
or tracts they want. They will be put on Hold until the Re Group is completed. This procedure will
be repeated until these tracts are held. Then the Auctioneer will open the bidding on tracts 2 and
8, the high bidder(s) on these tracts will be put on hold until the Re Group is completed.
Once all tracts have been taken, the Auctioneer will proceed with the One Time Re Grouping as
outlined below.
Re Grouping Details
The Auctioneer has offered each tract individually with the high bidder on each tract put on hold.
Then the Auctioneer will offer the crowd an opportunity to outbid the aggregate amount bid, thus
far and take the whole 57.1 Acres.
Example:
The high bid on all tracts combined comes to: $1,000,000.00
The auctioneer will ask if anyone would like to bid $1,050,000.00. (They must bid at least 5% above
the aggregate bid thus far)
If someone bids $1,050,000.00 then the bidding will continue until all bids are in. Once all bids
are in the property would be sold as a whole to the highest bidder.
If there is no high bid on the total, the properties are deemed sold to the high bidders for
each parcel.
Payment
If you are the successful bidder you will be required to sign a sales contract with all pertinent addenda, if any, within 24 hours. The contract will be sent to you via "Authentisign" and you will sign it electronically. You will also be required to put down a 10% NON-REFUNDABLE deposit that is to be sent by overnight delivery in the form of a cashier's or certified check, to: Crye-Leike Realtors 383 E Main St. Suite # 100 Hendersonville TN. 37075 Attention Tim Brewer. This is to be sent on the day of sale so be sure you have access to your accounts on this Saturday so that you can get the deposit in.
Closing will be on or before January 16, 2018 by Realty Title located at 383 E Main St Hendersonville TN. 37075. You will sign closing documents with them by overnight delivery and make arrangements with them to wire transfer the remaining funds to close.
You will incur approximately $495.00 in closing fees plus, any financing fees, and transfer taxes.
Should you want someone else to close for you it is understood that Realty Title will have full control of the issuance of title insurance based on a cash sale. Any additional fees from a different closing agency will be at the expense of the buyer, this includes but is not limited to a mortgage insurance policy.
Property is selling as it where is with no warranties expressed or implied.
CheckMoney Order
Auction Details
At the request of the auction company, this auction permits bids to be placed by the auctioneer,
and employee of the auctioneer, or the seller or an agent on the seller’s behalf.
While Proxibid’s Unified User Agreement prohibits this behavior, in accordance with UCC 2-328,
this auction is permitted to engage in this activity by providing this clear disclosure to you, the bidder.
Auction House
Terms Of Sale
ANNOUNCEMENTS MADE DAY OF SALE TAKE PRECEDENCE OVER PRINTED AND INTERNET MATERIAL.
Terms will be $10,000 deposit by cashiers check or certified funds in order to be approved to bid online. Funds may be sent via wire trasfer. Please contact Tim Brewer at 615- 424-9711 for wire transfer account information. Funds sent via check or certified funds should be sent FedEx overnight prior to the sale to be eligible to bid. Please overnight certified funds or cashiers check made payable to Crye-Leike to:
Crye Leike Realtors
383 Johnny Cash Pkwy.
Hendersonville, TN 37075
Attn:Tim Brewer
Terms: Attention!!! A 10% Buyer’s Premium will be added to the final bid to establish the contract price. If you are the successful bidder you will be required to put down a 10% NON-REFUNDABLE deposit and sign a sales contract. Balance will be due at closing within 30 days. Make all financial arrangement prior to the sale. Taxes for 2006 were approx. $2300.00 and will be pro-rated at closing. The seller will furnish a general warranty deed and title insurance. Possession will be given within 30 days after closing.
A 1% referral will be offered to an agent who pre-registers the final bidder 24 hours in advance and is present at the sale. NO EXCEPTIONS!!
If not successful bidder funds will be returned via overnight delivery.
An additional 1% success fee per lot will charged if you are the successful internet bidder. This fee will not exceed $5000.00
Terms: If you are the successful bidder you will be required to put down a 10% NON-REFUNDABLE deposit and sign a sales contract. Balance will be due at closing within 30 days. Make all financial arrangements prior to the sale. Taxes on this property for 2006 (does not yet include the structure) were approximately $192.00 and will be pro rated at closing.