Van Winkle Estate - Center Hill Shores Lot 140

James R. Cash II Auctions & Real Estate

 

Date(s) 8/22/2017 - 8/24/2017

Simulcast - Phone Bidding Only - No Sufficient Internet Connection At Property Location - Call 615.785.8982 to Set Up Proxy Bidding Or Absentee

Past Auction
Bidding Notice:

LIMITED INTERNET CONNECTION! Call Auctioneer on site for proxy bidding (phone bidding) 615.785.8982 or 615.478.0076 ....Please Call In Advance of Auction to notify Auction Company of Phone Bidding.

Auction Information
Name Van Winkle Estate - Center Hill Shores Lot 140
Auctioneer
Type Internet Absentee Bidding
Date(s) 8/22/2017 - 8/24/2017
Auction Date/Time Info
Simulcast - Phone Bidding Only - No Sufficient Internet Connection At Property Location - Call 615.785.8982 to Set Up Proxy Bidding Or Absentee
Preview Date/Time Drive Out & Preview The Property At Anytime Prior To The Auction
Checkout Date/Time Paid In Full Within 24 Hours If Property Sells Less than $5,000. Minimum $5,000 Down Day of Sale, Balance due in 20 Days.
Location
Buyer Premium 10% Will Be Added To Final Bid.
Description
Center Hill Shores Smithville, Tn Lot 140 - Lakeview Drive Absentee Bidding - Please Call To Confirm All Bids Day Of Sale!
If lot sells for less than $5,000 - Property to be Paid in Full Day of Sale For Onsite Bidders & Paid In Full Within 24 Hours For Winning Online Bidders If lot sells for more than $5,000 - $5,000 is minimum deposit, balance due in 20 days. 10% Buyers Premium Will Apply to Final Bid. Seller Will Provide Title Insurance On Property Property Selling In As-Is Condition REAL ESTATE PURCHASE CONTRACT OF SALE TIME IS OF ESSENCE AS TO ALL PROVISIONS OF THIS CONTRACT THIS CONTRACT OF SALE, made and entered into as of the 24th day of August, 2017 by and between _______________________________________________________________________ _________________________________________________________________________________________________________________________________________ referred to as Seller and ______________________________________________________________________________ ______________________________________________________________________________ Email ___________________________________________Phone_________________________ hereinafter referred to as Buyer (whether one or more) WITNESSETH THAT the Seller in consideration of the covenants and agreements on the part of the Buyer, hereinafter contained, agrees to sell and convey to the Buyer and the Buyer agrees to purchase and pay for that real estate referred to in sale literature as - Center Hill Shores, Lakeview Drive Lot 140 - Smithville, TN Source of title for the property is recorded in the Registrar's Office Springfield, TN Robertson County. The Covenants and agreements are as follows: The Covenants and agreements are as follows: 1. The total purchase price for said property shall be the sum of $_______________________________________________________________________ (bid price of $ ______________ and 10% Buyers Premium of $____________) PAYABLE AS FOLLOWS: a. The sum of $__________________________________being a portion of the purchase price is payable upon the execution of this contract to James R. Cash II Auctioneer And Real Estate Broker "Agent of the Sellers", and being deposited in his non interest bearing escrow account, the receipt of which by check, subject to collection is hereby acknowledged. b. The balance of $__________________________, shall be paid in certified funds at the closing of this transaction no later than 20 days from this date. The sellers' side of closing of this transaction shall be handled by Lawyers Land & Title, Murfreesboro, TN c. If the Buyer should fail to close and consummate the sale as set out herein, this portion of the purchase price held by James R. Cash II Auctioneer And Real Estate Broker "Agent of the Sellers", in his non interest bearing escrow account shall be paid to Sellers as liquidated damages to the Sellers, not withstanding any other rights or causes of action that the Sellers may have against the Buyer. 2. All of the 2017 property tax shall be paid prorated at closing between Buyer and Sellers. Any prior years, if any will be paid by Seller. a. The deed to transfer title to the real property shall be prepared by Seller's attorney and paid for by Sellers. Sellers shall pay Sellers portion of the closing expense. b. Any and all other expense of closing cost shall be paid by Buyer. c. The transfer conveyance tax shall be paid by the Buyer. d. Seller to pay for title insurance. 3. Sellers shall convey title to the Buyer by a Warranty deed free and clear of any and all liens, encumbrances and restrictions except the following: a. The right of way of adjacent public roads and streets, applicable subdivision, building, zoning and water restrictions, if any and no representations are made by Sellers or Auctioneer And Real Estate Broker "Agent of the Sellers", as to same. b. Any and all utility easements or easements visible or not visible, restrictions of record or any encroachments or boundary overlaps, if any affecting said property. c. Selling subject to any city or county restrictions or ordinances. 4. Buyer is acknowledging that they are being advised to have a legal title examination. Should the Buyer desire to have a legal title examination, it shall be at Buyers option and expense to do so. 5. In the event that there should be any matter or matters in the title to this property that are not in conformity with this contract then the Buyer shall notify the Sellers attorney, in writing at least ten (10) days prior to the date of closing of any matter or matters which are not in conformity with this contract and which cause the title to be of less than marketable quality. If no such notification is given, the title will be deemed to be acceptable to Buyer. If there is reason for notice of matters of non conformity then upon receipt of any such notice, the Sellers shall have forty-five (45) days therefrom, at Sellers election, to: (1) remove such defects, or (2) void the contract. The Sellers may at Sellers election, extend the time of closing sixty (60) additional days, if such time is necessary for Sellers to transfer title. Should Sellers elect to void this contract due to not being able to give marketable title to the property, then Buyer shall be refunded the full earnest money deposit, and Sellers shall have no further obligation to the Buyer. Sellers shall not reimburse Buyer any expense incurred. 6. The Seller and Auctioneer - Real Estate Broker "Agent of the Seller", do not warranty the quantity of land sold and the quantity shown is for the identification of the tract/property only. The real estate is being conveyed by same legal description as when seller obtained title to the property. If the Buyer wishes or is required to have the real estate surveyed it will be Buyers expense to do so. The outcome of any new survey will not affect the purchase price in any way. The real estate sold by this contract is only the real estate that the Seller owns from boundary to boundary, wherever it may be. No one is authorized to represent to a buyer or prospective buyer certain area. Should the Buyer desire to have the real estate surveyed and if there is more or less area than set out in previous surveys, deeds or advertisements, that shall be no grounds for any adjustment in or modification of the consideration, or breach of this contract. 7. No non real estate or personal property items are being conveyed with the property set out herein. a Buyer acknowledges that there may be trash, debris or dump sites on the property. Any such debris and trash left on the property shall be the responsibility and expense of the Buyer to remove. 8. The property is sold AS IS with no improvements or repairs to be made or cleaning to be done. Any debris shall be the Buyers responsibility to remove. The property is not being conveyed for any particular future use or suitability. The Sellers, Real Estate Broker, Auctioneer, "Agent of Sellers" does not expressly or implicitly warrant or guarantee, or make any representation as to the condition of the property including but not limited to plumbing, sewer, septic, electrical, heating, cooling systems or as to the structural soundness of the home. No representation is being made as to the capabilities of the structure on the property, as pertaining to any physical, functional or mechanical ability. No representation is being made as to be free from mold, insect, rodent or termite damage or infestation. No representation is being made as to the adequacy of the insulation. No representation is being made as to the soundness or condition of any roof. No representation is being made as to the actual age or square footage. Buyer acknowledges that this property is older and may be in need of repair. a Sellers will be vacating the property within 30 days of the auction. While sellers will take every precaution and care to protect the home during their move, this property is selling subject to any scuffs, scratches, dents, that may or may not possibly happen while moving remaining items out of the home, garage or portable storage buildings. 9. Rental information (if any) provided is obtained from sources deemed to be reliable, The Auctioneer, Broker & Seller make no warranty or guarantee actual or implied as to the accuracy of the information. All information is provided as a courtesy. This includes rental history, Income or leases. Any past rent collected by Seller does not guarantee any possible future income. 10. The Buyer agrees to hold Sellers and Auctioneer And Real Estate Broker "Agent of the Sellers", harmless and to indemnify them from any loss, cost or damages of any type whatsoever arising out of the condition of the premises which might violate any law, ordinance or governmental regulation relating to environmental protection. 11. As part of the purchase consideration of this contract Buyer waives all rights under the Comprehensive Environmental Response, Compensation and Liability Act of 1980 (CERCLA) and accepts and assumes all responsibility and liability of any condition of the property which may now or any time later be in violation of or considered contaminated by environmental protections. 12. The property is selling subject to any governmental law, statue or regulation relating to wetlands or flood zone areas, if any. 13. Possession and right of entry to the property shall be given at the closing of this transaction at which time final payment will be made and deed will be delivered. 14. The Buyer is aware they should acquire insurance coverage to protect their interest in the property herein. Sellers will maintain insurance until closing. In the event that the house, buildings or structures burn, or be destroyed before possession is given, the Sellers shall not repair, replace or pay for any such loss, should it occur. Buyer and Seller may mutually agree upon new terms, should this occur. 15. Buyer acknowledges that he is not relying on advertising materials or verbal statements not contained herein. Buyer certifies he has examined the property and is thoroughly acquainted with its condition and accepts it as such. This contract constitutes the entire and final agreement between Sellers and Auctioneer and Real Estate Broker "Agent of the Sellers", and no oral, verbal or implied agreement or understanding, promise, representation or warranty shall cancel or vary the terms of this contract. Upon signing this document, all of the terms, conditions and covenants of this agreement shall be binding upon and shall inure to the benefit of the parties, their heirs, executors, administrators and assigns. The terms, conditions and covenants of this document shall not be merged into any subsequent deed and shall survive and continue in full force after the execution of the deed contemplated by this contract. The Buyer and Sellers shall indemnify and hold harmless Auctioneer and Real Estate Broker "Agent of the Sellers", from any claims or actions that may arise as a result of this transaction. The Buyer and Sellers do hereby agree to hold the Auctioneer And Real Estate Broker "Agent of the Sellers", harmless and indemnify him from any loss or cost arising out of the sale of the premises, and relating to any law, ordinance or governmental regulation relating to environmental protection.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 95.00 5.00 USD
95.01 - 900.00 100.00 USD
900.01 - 9,750.00 250.00 USD
9,750.01 - 97,500.00 2,500.00 USD
97,500.01 - 9,999,999.99 10,000.00 USD
Currency USD
Buyer Premium 10% Will Be Added To Final Bid.
Payment Terms
Paid in Full if Sold Less than $5,000. If lot sells for more than $5,000, $5,000 Minimum Deposit is required, balance due in 20 days.
Selling By Deed
Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.