SALES 10-22 STATEMENT OF SALE & ONLINE TERMS
The sale of ALL PROPERTIES SALES 10-22, REAL ESTATE, will be sold as follows:
10% BUYERS PREMIUM WILL BE ADDED TO EACH SUCCESSFUL BID
All newspaper or other publications and all oral and verbal statements as to advertising made by owners of said property and by McCarter Auction, Inc., or any agent of said company, or by Scott E. McCarter, are hereby revoked.
This is an Absolute Auction - All Sales are Final. Each Sale # has its own announcements. Please pay very close attention as this will cover the terms and conditions for that property. The highest bid plus a 10% Buyers Premium will be the total sales price. All successful bidders will be required to sign a note for the deposit amount, in addition to deposit paid day of sale. Note shall become null and void when buyer shall complete all requirements for closing as set out in their contract.
ALL ONLINE BIDS ON THIS AUCTION START MONDAY, JUNE 9TH, AT 10:30 AM EDT AND WILL BEGIN ENDING ON TUESDAY JUNE 17TH AT 2:00 PM EDT.
AUCTION END TIMES: McCarter Auction, Inc. Online Auctions are timed events and all bidding will close at specified time. McCarter Auction, Inc. Online Auctions also have an auto extend feature. Any bid placed in the final 10 minutes of an auction, the auction ending will be automatically extended 10 minutes from the time the bid was placed. Example: if an auction scheduled to close at 2:00 receives a bid at 1:59, the close time will automatically extend 2:09.The auto extend feature remains active until no further bids are received within a 10 minute time frame. ALL PROPERTIES IN THIS SALE EXTEND IF ANY ONE OF THEM IS EXTENDED. McCarter Auction, Inc. reserves the right to adjust the auto extension time period.
THE FINAL SALE OF PROPERTIES USING INTERNET BIDS/MAX BIDS WILL DETERMINE THE WINNING BIDDERS OF PROPERTIES AS ADVERTISED.
INTERNET BIDDING INCREMENTS =
$0 TO $100 --- 5.00
$100.01 TO $250.00 --- 10.00
$250.01 TO $1,000.00 --- 25.00
$1,000.01 TO $2,500.00 --- 50.00
$2,500.01 TO $10,000.00 --- 100.00
$10,000.01 TO $25,000.00 --- $250.00
$25,000.01 TO $50,000.00 --- $500.00
$50,000.01 TO $250,000.00 --- $1,000.00
$250,000.01 TO $500,000.00 -- $5,000.00
$500,000.01 AND UP --- $10,000.00
This online only auction is a CASH SALE not contingent on or subject to financing, appraisal, survey or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Auction Sales Contract.
BID PACKAGE: Auction Sales Contract & Promissory Note Package, along with any other paperwork pertaining to each sale #, will be sent by e-mail from McCarter Auction Inc to the successful bidder, who must execute and fax or email back to McCarter Auction Inc within 24 hours of receipt. Successful bidders not executing and returning their contract & promissory note with earnest money deposit (10% non refundable deposit of total purchase price (certified funds or wire) made payable to McCarter Auction Inc) within 24 hours of receipt will be considered in default and subject to an Administrative Fee (as defined below). All Administrative Fees are non-refundable. The entirety of the remaining balance is due at closing. Purchaser shall be responsible for all wire transfer fees and closing fees as set out in Auction Sales Contract and Auction Statement of Sale.
Auction Administrative Fee: In the event a winning bidder fails to submit the signed Auction Sales Contract, signed Promissory Note, and deposit earnest money as provided in the pre-stipulated Auction Terms, the winning bidder will be charged an administrative fee of $2,500.00 on the credit card provided at auction registration. Additional default remedies are reserved by McCarter Auction Inc and the Seller as provided in the Auction Statement of Sale, the Auction Sales Contract and the Promissory Note. All Administrative Fees are non-refundable.
AUCTION SALES CONTRACT, PROMISSORY NOTE, and STATEMENT OF SALE: Each property is offered under specific terms provided in the auction sales contract, promissory note, and statement of sale. The Auction Sales Contract, Promissory Note, Statement of Sale are available at www.mccarterauction.com in the View Documents section of this auction website. Please read and review the contract, promissory note, and statement of sale thoroughly prior to bidding on any property. If you have not read and reviewed the Auction Sales Contract, Promissory Note, Statement of Sale and all other materials available plus completed your own due diligence to satisfy all questions, please Do Not Bid!
Buyers Premium: A 10% buyers premium will be added to the bid price on all properties to determine the final contract price.
McCarter Auction Inc has the sole authority to resolve any bidding disputes as they may arise.
McCarter Auction Inc is providing internet/online bidding as a service to Bidder. Bidder acknowledges and understands that this service may or may not function correctly the ending day of the auction. Under no circumstances shall Bidder have any kind of claim against McCarter Auction Inc or anyone else if the internet service fails to work correctly before or during the ending of the auction. McCarter Auction Inc will not be responsible for any missed bids from any source.
Taxes for the 2014 year to be prorated at closing and any back taxes to be paid by seller at closing. Closing for real estate will be on or before 30 days. Possession of all properties to be given at closing, unless otherwise stated in individual property terms. Homes, commercial structures, buildings and all other properties to be sold in as is condition with no guarantees or warranties expressed or implied. Please rely on your previous inspections of all properties. Copies of surveys, restrictions and zoning regulations of properties are available online.
The properties will be sold subject to zoning, easements and restrictions of record and will be sold as described from maps. The properties will be sold free from all encumbrances and a Warranty Deed will be executed by the owner to the purchaser for said land.
Terms for Real Estate are 10% down today, balance at closing within 30 days. Buyer to pay one-half of closing fee, in addition to their other individual closing costs. Please note that Johnson, Murrell and Associates will be the exclusive closing agent for all transactions.
REMEMBER, this is an Absolute Auction and all sales are final. Do not bid unless you are prepared to pay appropriate deposit today and meet all conditions to close as set out in your contract.
INDIVIDUAL PROPERTY TERMS:
SALE #10 HOME & 5.02 AC, 1075 BOGARD CREEK RD, COSBY TN
See copy of Restrictions available online. Termite inspection letter will be provided to buyer of home. No treatment was required. Possession of home and this property to be given at closing. Home and all property sold in as is condition. Bogard Creek Road is a private road. Property owners are responsible for maintaining this road. Subject to the right-of-way of Bogard Creek Road. Home is presently on well and septic.
SALE #11 CONVENIENT STORE & CARWASH 447 W. BROADWAY, NEWPORT, TN
Property zoned C-2, City of Newport. Convenient store, carwash and all structures above and below ground on this property sold as is with no guarantees or warranties expressed or implied. Please inspect property to your satisfaction before bidding.
SALE #12 HOME AT 175 FAIR ST, NEWPORT TN
Property zoned R-1, City of Newport. A lead based paint disclosure must be signed by buyer of home. Termite inspection letter will be provided to buyer of home. No treatment was required. Possession of home and this property to be given at closing. Home and all property sold in as is condition. Per seller, home is on city water and sewer. Any personal property in home at closing remains in home.
SALE #13 HOME & MOBILE HOME AT 124 FILBERT ST, NEWPORT TN
Property zoned R-2, City of Newport. A lead based paint disclosure must be signed by buyer of home. Termite inspection letter will be provided to buyer of home. No treatment was required. Home and mobile home are presently rented. Any rent collected by seller to be prorated day of closing. Home, mobile home, outbuildings and all property sold in as is condition. Per seller, home and mobile home is on city water and sewer.
SALE #14 2 HOMES AT 542 8TH STREET, NEWPORT TN
Property zoned R-2, City of Newport. A lead based paint disclosure must be signed by buyer of homes. Termite inspection letter will be provided to buyer of home. Treatment for termites was recommended. Buyer will be responsible for treatment. These homes are in poor condition. Please inspect to your satisfaction before you bid. Homes are presently rented. Any rent collected by seller to be prorated day of closing. Homes and all property sold in as is condition. Per seller, homes are on city water and sewer.
SALE #15 LOT 30 SIMS VISTA S/D, SEVIERVILLE TN
Property zoned R-1, City of Sevierville. See copy of restrictions available online. Note sewer and drainage easements as shown on recorded map. This lot has city sewer, city water, and underground electric available.
SALE #16 LOTS 1 & 2 MCMAHAN ADDN II, PIGEON FORGE TN
Property zoned R-2, City of Pigeon Forge. Note gravel drive and right-of-way crossing Lot #2 giving access to adjoining lot as shown on map. City sewer available.
SALE #17 9.22 ACRES ON BOHANAN HOLLOW RD, SEVIER COUNTY TN
Property is zoned A-1, Sevier County. Fronts paved county road.
SALE #18 LOT 12 HEADRICK SPRINGS S/D, SEVIER COUNTY TN
Property is zoned R-1, Sevier County. See copy of Restrictions available online. See copy of recorded map for septic approval and other notes available online.
SALE #19 LOT 63 LAUREL BRANCH NORTH S/D, SEVIER COUNTY TN
Property is zoned R-1, Sevier County. See copy of Restrictions available online. See copy of recorded map for septic approval and other notes available online. Utility water available.
SALE #20 5 LOTS IN STONE HENGE S/D, PIGEON FORGE TN
Property zoned R-2, City of Pigeon Forge. See copy of restrictions available online. Recorded restrictions makes mention of homeowners association. Seller has no knowledge of homeowners associations existence. If homeowners association is formed, buyer must join, pay any required dues and abide by their rules and regulations. Stone Henge is a Planned Unit Development and is subject to the terms and conditions of the Master Deed and the Horizontal Property Act. Cabins must be built in designated areas as shown on recorded map. Sewer and water are available.
SALE #21 2 LOTS IN SKY HARBOR S/D, SEVIER COUNTY TN
Property is zoned RR-1, City of Gatlinburg. See copy of Restrictions available online.
This property is subject to Sky Harbor Property Owners Association. Present fees are 124.87 per lot per year. Buyer(s) must join Property Owners Association and abide by their rules and regulations. Buyer is responsible to obtain field line approval from Sevier County Health Department.
SALE #22 0.34 ACRES PATSEY BARNES PROPERTY, JEFFERSON COUNTY, TN
Property is zoned A-1, Jefferson County. Has view of lake but does not adjoin lake. Has private gravel road access. Per Jefferson County Health Department, there was no record found of septic approval. Buyer(s) of this tract are buying as is and would be responsible for obtaining possible septic approval.
10% BUYERS PREMIUM TO BE ADDED TO EACH SUCCESSFUL BID