Name | Real Estate Auction - 4 Homes Selmer, Bethel Springs & Ramer |
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Auctioneer | Kennedy's Auction Service LLC |
Type | Live Webcast Auction |
Date(s) | 3/21/2020 |
Saturday, March 21 - 11:00 AM CST | |
Preview Date/Time | Showing/Inspection by appointment - Call 731-645-5001 |
Checkout Date/Time | 10% down day of sale in non-refundable earnest money. Closing on or before Tuesday, April 21, 2020. |
Location | 4872 Hwy 64 East Selmer, TN 38375 |
Buyer Premium | 10% Buyer's Premium |
Description |
ABSOLUTE AUCTION
Saturday, March 21 - 11:00 AM CST
Auction Location: 4872 Hwy 64 East, Selmer, TN 38375
House 1:
Property Location: 3053 Buena Vista Road, Bethel Springs, TN 38315
3 Bedroom 2 Bath Home on .76 +/- Acre
1,460 +/- Sq. Ft. with Attached Two Car Carport
Large Detached Garage/Shop Building
Large Storm House
Spacious Covered Back Porch
Concrete Circle Driveway
House 2:
Property Location: 1011 E Poplar Avenue, Selmer, TN 38375
4 Bedroom 1 Bath Home on 275 +/- Acres
2,106 +/- Sq. Ft. with Detached Carport
Detached Like New Garage/Shop Building
House 3:
Property Location: 604 Oak Hill Drive, Selmer, TN 38375
2 Bedroom 1 Bath Home on .86 +/- Acre
1,014 +/- Sq. Ft. with Attached Two Car Carport
Concrete Driveway
House 4:
Property Location: 85 Chewalla Road, Ramer, TN 38367
3 Bedroom 1 Bath Home on .9 +/- Acre
1,698 +/- Sq. Ft. with Detached Carport
Shown by Appointment - Call 731-645-5001
Partial Terms & Conditions: A ten percent (10%) Buyer’s Premium will be added to the high bid to determine total sale price of property. The total deposit due from buyer is ten percent (10%) of the total sales price (high bid + 10% Buyer’s Premium) as non-refundable earnest money. Balance due and closing within 30 days. Lead-Based Paint Disclosure: The 10-day period for all lead-based paint inspections will occur prior to the Auction date. All bidders must sign a waiver of the 10-day post sale inspection period. All announcements made day of sale take precedence over any other announcements, internet, or printed advertisements. Real Estate is sold in “As Is Where Is” condition. Call 731-645-5001 to schedule an appointment to make inspection.
KENNEDY'S AUCTION SERVICE
731-645-5001
www.kennedysauction.com
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Bid Amount | Bid Increment |
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0.00 - 1,000,000.00 | 500.00 USD |
1,000,000.01 - 9,999,999.99 | 50,000.00 USD |
Currency | USD |
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Buyer Premium | 10% Buyer's Premium |
Payment Terms |
At the conclusion of the auction, the successful Live or Phone bidder will
be given, emailed or faxed a contract to be executed and returned. Successful bidders will deposit a non-refundable escrow amount of Ten Percent (10%) of the Contract Sales Price by wire transfer or certified check to the escrow agent, Kennedy’s Auction Service escrow account with the contract for sale within 24 hours of auction conclusion. The entirety of the remaining balance is due at closing on or before the contract closing date stipulated in the purchase agreement. This must be completed within 24 hours of receipt of the documents or the purchaser shall be in default.
Closing: Closing will occur on or before Tuesday, April 21, 2020. The seller shall convey the property by Special Warranty Deed. The seller shall pay for deed preparation, their share of prorated real estate taxes, and their own attorneys’ fees. Buyer is responsible for all other costs of closing and transfer. All real estate taxes for the year in which the property is sold shall be prorated as of the date of the closing, as is standard and common practice to the area in which the property is located. All leases due and payable, if any, shall be prorated to the date of the closing, as is standard and common practice to the area in which the property is located. All deposits of tenants shall be transferred to the buyer at closing, if applicable. Buyer acknowledges that this sale is not contingent upon post sale inspections or financing approval.
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