ESTATE AUCTION ARMES CIRCLE ROAD MORGAN COUNTY

 Morgan County Information 

Morgan County Government 

ESTATE TERMS: The successful high bidder on this property will be required to sign the Real Estate Sales Contract, Terms & Conditions and any other documents needed, immediately upon conclusion of the bidding and will make an earnest money deposit of ten percent (10%) of the sales price. A ten percent (10%) buyer’s premium will be added to the high bid to establish the total sales price. US currency cash or approved check. The balance is to be paid in full at the deed closing within 30 days by designated closing company. M&M Title to conduct the closing. Current taxes will be prorated at the date of closing, unless otherwise specified. Seller to provide deed. Buyer is responsible for title opinion, title insurance & recording fees. Buyer is responsible for HOA requirements, transfer fees, membership fees, if applicable. Title closing cost to be split between buyer & seller, unless otherwise specified. Buyer is to obtain his/her own financing. 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. Tennessee Residential Property Exemption and Lead-Based Paint Disclosure Waiver will be a part of the sales contract. Lead-Based Paint inspection starts January 1 2020.Auction is subject to owner conformation. Powell auction & Realty  is acting as Special Commissioner  appointed by Morgan County Chancery Court.

Personal Property Terms: Payment in full day of sale, Cash or approved check with bank letter. 10% buyers premium and 13% on credit or bank cards and sales tax will be added to final bid to establish total contract sales price. ALL items to be removed at auction conclusion.

Warranty. All items are sold “AS IS, WHERE IS and WITH ALL FAULTS”, without any warranties expressed, implied or guarantees of any kind. All Sales are Final, NO Refunds! Bidders are responsible to thoroughly inspect items before bidding and to satisfy themselves of such matters as suitability, marketability, completeness, year, make, model, and/or condition

TNFL735