City of Loudon Surplus Property 16 Acres

Date: 08/07/2019

Time: 12 Noon

Location: ONLINE ONLY

Office: Knoxville

Agent: Kenny Philips

City of Loudon Surplus Property

16 Acres Offered in 2 tracts

Online bidding only

Bidding Closing August 7 12 Noon

 

Huffs Ferry Road ( Area of River view Golf Subdivision )

Tract 1 13.4 Acres  parcel Id 032CA001.00

Tract 2  2.95 Acres parcel Id 032 55.00, 032CA002.00

City Of Loudon Surplus Online Real Estate Auction. City of Loudon has ordered the sale of 3 properties offered in 2 tracts. ONLINE BIDDING ONLY. Bidding ENDS August 7 at 12 noon. IF you are the high ONLINE bidder, then you will receive an Email. Auction IS SUBJECT to approval from City of Loudon commission. In no event shall City of Loudon or Powell Auction & Realty LLC, be liable for any indirect, incidental, consequential, special or exemplary damages or lost profits, even if city of Loudon has been advised of the possibility of such damages.

Buyers to sign a Real Estate Sales Contract, Terms & Conditions and any other documents needed, immediately upon conclusion of the bidding and pay a Deposit of 10% or $1,000.00 (which ever is greatest) or pay the full amount of purchase price if less than 1,000,  per Property. US currency Cash OR Approved Check. 10% buyers premium to be added to final price to establish total contract sales price. City of Loudon fill furnish buyer with a quit claim deed. The balance is to be paid in full at the closing within 30 days, AFTER Commission Approval. Property will be transferred with a Quit Claim Deed. The buyer is responsible for recording the deed. PLEASE note that these properties  may NOT qualify for TITLE INSURANCE. Sellers OR Sellers Agent make NO Warranties on these properties or that Title Insurance can be obtained and the buyer is advised to seek legal council. Real Estate Property Taxes will start at Closing for the buyer. The contract will not be contingent upon financing, inspections or any other contingencies. Powell Auction & Realty LLC and its auctioneer(s) and employee(s) are representing the seller(s) as the sellers Agent(s).

All properties are sold “AS IS, WHERE IS and WITH ALL FAULTS”, without any warranties expressed, implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder’s behalf. All measurements, square footage & age are approximate and not guaranteed. Seller and or Agent makes no warranty as to accuracy of information. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding IF Applicable, Tennessee Residential Property Exemption and Lead-Based Paint Disclosure Waiver will be a part of the sales contract. Lead-Based Paint inspection starts May 13, 2019

ONLINE Auction Terms: Thank you for participating in this Powell Auction & Realty LLC Online Auction. It is important that you familiarize yourself with these terms & conditions of Sale. If you do not agree with any of the terms and conditions stated, DO NOT BID. You will be bound by these terms and conditions. Good luck and good bidding. Agent/Auctioneer may withdraw, extend, or rearrange any property and or item(s) at their sole discretion at any time, without notice and will not be liable for any computer, internet or website malfunctions. Bidding may extend, if bids are placed within the last minute, to prevent bid snipping. Powell Auction & Realty LLC will have up to 7 DAYS to provide the Buyer with any documents to be signed, after the auction has ended. Payment must be made within 48 Hrs after being contacted by Powell Auction & Realty LLC. All properties are sold “AS IS, WHERE IS and WITH ALL FAULTS”, without any warranties expressed, implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder’s behalf. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding.