AUCTION DATES

TERMS

1. ONLINE AUCTION BEGINS CLOSING MARCH 31ST @ 6:00 P.M.. PROPERTY ADDRESS 180 SIMERLY CREEK RD. HAMPTON, TN 37658. PARCEL ID #: 083 037.002. All bidding is conducted online only, and registration can take up to 24 hours, you must register before the day of auction ending. All prospective Buyers who desire to participate in the auction must register online by creating a bidder profile through the online auction platform. If you need assistance in registering for the auction you can contact Auctioneer JACOB FORCE at 423-430-7042.  Once the bidder profile has been created, the auction company will send the new bidder a copy of the posted terms and conditions through DoCusign and e signature platform and Bidder will be required to read and electronically sign the terms and conditions. Once returned to auction company bidding privileges will be turned on. Seller's or Auctioneers may at their sole discretion request additional registration requirements from bidder's unknown to them or the auction company. 

3. This will be an online only auction.  We are not responsible for any internet interruptions, lapse of internet time or speed. 

4. THERE IS A BUYER'S PREMIUM OF 10% FOR THIS AUCTION.

5. Buyer to be emailed purchase and sale agreement along with disclosure agreements  immediately following the conclusion of the auction. It is the buyer's responsibility to execute the purchase and sale agreement and return signed copy to Collins & Company Realtors and Auctioneers  within 24 hours of the end of auction by email, scan, fax, E-Signature or hand deliver. 

6. There will be a Ten percent (10%) NON REFUNDABLE down payment required. Non Refundable down payment to either be wired to Collins & Company Realtors and Auctioneers Trust account or deliver a personal or business check made payable Collins & Company Realtors and Auctioneers Trust account within 24 hours of auction close. Down Payment to be applied on the contract price at closing or retained by Seller and auctioneer if the closing does not occur. Balance of contract price is due in cash at closing which shall occur within 30 days for cash. Any buyer at any given time may be required to provide a bank approval of funds letter and a $10,000.00 good faith deposit before being allowed to bid.  It is furthermore agreed that if any litigation is brought forth, that all court proceedings must take place in Carter County, Elizabethton, TN. 

7. Buyer to pay for their own title policy and attorney fees. All property taxes will be prorated. 

8. All real property and improvements are selling in their present "AS IS '' condition with no warranties expressed or implied by Seller or Seller's agent. No representations have been made by Seller or Seller's agent regarding fitness of the real property or improvements for a particular use or any Buyer's development plans. It is Buyer's responsibility to have any inspection Buyer desires completed prior to auction. It is the Buyer's responsibility to pay for and obtain all due diligence inspections and inquiries as to feasibility of Buyer's intended development plans prior to bidding. 

9. Collins & Company Realtors and Auctioneers, and all agents associated, represent only the Seller in this transaction. Successful Buyers shall sign an agency disclosure form acknowledging that Collins & Company Realtors and Auctioneers and its associated agents are working on behalf of the Seller. 

10. Realtor cooperation is welcome; however, you must register your clients by emailing a signed agency disclosure to JACOBFORCE@GMAIL.COM  (Agency is available in the MLS Documents) prior to your client registering in the online platform. Co-op commission will be 1% of the accepted gavel price. All referral forms must be received 48 hours prior to the end of the auction. 

11. Seller has specifically reserved the right to have the auctioneer determine the minimum bid increments that will be accepted from all bidders. The auctioneer will handle any disputes at the time of the auction and all decisions will be final. The auctioneer, the Seller and/or the attorney for the Seller reserve the right to demand satisfactory written evidence of the authority of an agent to enter a bid or to execute a purchase contract on behalf of another party. Property is being offered with a seller reserve. 

12. In case of conflict with these terms and conditions, the terms and conditions in the signed contract control the transaction.

13. Any personal property left on the grounds of the real estate as of the date of closing becomes the property of the buyer of the real estate. Except in the case of leased space. Buyer will assume all responsibility and costs associated with these items as of the date of closing. 

14. All information contained in this brochure and all related material came from sources deemed reliable but are not warranted by Seller or auctioneer. Announcements made on the day of sale shall take precedence over printed material. These announcements, if any, will be posted in the auctioneer's notes.

 15. Online bidding is subject to technology faults and issues which are outside the control of the auction company. Bidder(s) are encouraged to use the "Maximum Bid" feature on the bidding platform and lock in their maximum bid amount if they are concerned about technology failure during the auction. The SELLER and/or Auction Company reserves the right to (pause) the online auction bidding in the event of any internal or external technology failure, to preserve the integrity of the auction event and maintain a fair and impartial bidding environment. 

16. Bidder acknowledges and understands that online bidding may or may not function correctly the day of the auction. Under no circumstances shall Bidder have any kind of claim against Collins & Company Realtors and Auctioneers, or anyone else if the Internet service fails to work correctly before or during the auction. Auction conduct and bidding increments are at the direction and discretion of the auctioneer. All decisions of the auctioneer are final. 

Collins & Co. Realtors And Auctioneers offers complete and comprehensive real estate and auction services. Voted Best Real Estate Agency, Auction Firm, and Realtors by The Johnson Press and The Elizabethton Star Readers' Choice Awards. Come see the difference a professional team of auction and real estate experts can make!

For Additional information, contact us!

(423) 543-5741

collinsandcoinfo@gmail.com

Auctioneer: David Collins

P.A.L. #4465

Collins & Company Realtors And Auctioneers

The Tri-Cities' most innovative Auction Firm &  Real Estate Agency!

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