REAL ESTATE TERMS & CONDITIONS
As Is, Non contingent transaction. Buyer to all due dilegence prior to the auction date. Buyer will execute purchase and sale contract at completion of auction and make a $25,000 nonrefundable downpayment (credited towards purchase price at closing) no later than 48 hours following the auction. Sale is not contingent on appraisal, inspection or financing. Buyer can have inspection and appraisal done prior to auction and may use financing but MUST close in 30 days. Use the time prior to the auction to complete all due diligence.

Welcome to our Auction, we hope you enjoy your experience. Please take a moment and read our terms and conditions. If you have questions regarding these terms, please call our office.
If you are being represented by an agent we are paying broker participation IF your agent registers using the broker participation form available on the auction site. Please note that all broker participation forms must be filled out completely and received no later than 48 hours prior to the close of the auction. Broker participation is 3% of the winning bid. Example: Winning bid of $100,000 = $3000 broker participation paid to broker at closing.

This property will be sold subject to the owner's confirmation, which means the owner has the ability to reject or accept the final bid. All of our clients have very realistic expectations and are motivated to sell their property. By registering in our auction today you agree to our terms & conditions and will be bound by those Terms and Conditions. A ten percent (10%) buyer's premium will be added to the high bid to establish the total sales contract price. The successful high bidder on this property will be required to sign a Real Estate Sales Contract (Purchase and sale Agreement) at the completion of the auction, Terms & Conditions, and any other documents needed immediately upon conclusion of the bidding and will make a nonrefundable deposit $25,000. Payment may be made by personal check; cashier's check, wire transfer or cash. The balance is to be paid in full at closing within 30 days. Current taxes will be prorated at the date of closing. Seller will provide the deed. Buyer is responsible for title opinion, title insurance and recording fees. Customary closing costs will be paid by the buyer. Buyer is to obtain their own financing but the auction is not contingent upon it. The contract will not be contingent upon financing, inspections or any other contingencies. Auction and its auctioneers and agents are representing the sellers as the sellers' agents. Blackwell Realty and Auction gives notice that the auctioneer or agent can bid on behalf of the seller upto the reserve price. 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 and age are approximate and not guaranteed. Seller and or agent makes no warranty as to the accuracy of information. All information is deemed reliable, but not guaranteed. Buyer to verify all information to their satisfaction prior to bidding. Tennessee Residential property exemption notification and lead-based paint disclosure will be a part of the sales contract. Bidder understands and agrees that this agreement and all rights of the parties there-under, shall be governed by the laws of the County of Wilson, State of Tennessee and any action brought by either party shall be brought in the Courts of the State of Tennessee. In the event, that for any reason, the forum is deemed to be sufficiently inconvenient or the agreement on the forum selection is unenforceable it is still the intention of the parties that the Laws of the State of Tennessee govern the parties agreement and their rights attended thereto. Buyer agrees that any legal filed action will take place within the county of Wilson, City of Lebanon, State of Tennessee. If you are bidding online please note, the auctioneer may without notice, withdraw, extend or rearrange any property, and or item at their sole discretion at any time and will not be liable for any computer, internet or website malfunctions. In an online only auction bids that are placed within the last minute, will cause bidding to automatically extend to prevent bid sniping. Payment must be made within 48 Hours after you are the winning bidder. Blackwell Realty & Auction will have up to 7 DAYS to provide the Buyer with any documents to be signed after the auction has ended.

ONLINE VIRTUAL REAL ESTATE AUCTION � SPARTA, TN Address: 3916 Indian Mound Road, Sparta, TN Auction Date & Time: Tuesday, July 30th Virtual Auction begins at 5:30 PM CST Bidding begins promptly at 6:00 PM CST Incredible Opportunity in Middle Tennessee � 6.03+/- Acres with Multiple Structures!This stunning property offers privacy, space, and versatility just 10 minutes from Center Hill Lake. The primary home boasts approximately 3,944+/- square feet plus a finished basement, featuring: 5 Bedrooms and 3.5 Bathrooms Basement with 1 full bath and 2 additional finished rooms ideal for bedrooms, an office, or fitness area that adds an additional Double-sided wood-burning fireplace for cozy evenings Wrap-around deck overlooking peaceful views New roof installed in 2022, 2 utility rooms and ample storage throughout A secondary finished building provides an additional approx. 1,440+/- sq. ft. with 3 large rooms and a bathroom�perfect for a guest house, hobby space, or office. All situated on a picturesque 6.03� acre parcel offering beautiful views and plenty of room to enjoy outdoor living. How to Participate Register on the auction platform prior to the event.Join early at 5:30 PM CST to familiarize yourself with the platform.Hit the �BID LIVE� button to enter the auction room.Enable live streaming audio to hear the auctioneer and ask questions via chat in real time.Bidding will continue until no further bids are placed and the auctioneer declares the property sold. Summary of Terms & Conditions As-Is, Where-Is Sale � No contingencies. Non-refundable $25,000 Down Payment due within 48 hours of auction completion (credited to purchase price). The winning bidder is obligated to execute a Purchase and Sale Agreement immediately upon conclusion of the auction.Closing within 30 days.Buyers may use financing but must close on time�no contingency for appraisal or loan approval.10% Buyer�s Premium added to the winning bid to determine the total contract price.Sale is subject to seller confirmation.Taxes prorated to the date of closing.Buyer pays customary closing costs, title insurance, and recording fees (but not title opinion).Bidders must conduct all inspections and due diligence before the auction. Broker Participation Program3% Broker Participation offered to properly registered buyer�s agents.Agents must submit a completed Broker Participation Form no later than 48 hours prior to the auction closing. Example: A $100,000 winning bid results in a $3,000 broker commission, paid at closing. Don�t miss this unique opportunity to bid on a spacious, move-in-ready property with endless potential. For more information or to schedule a private showing, please contact: Auctioneer Shane McCarrell � 931-302-4717or Christine Sawyers � 615-995-5095 Visit our auction website to register, review all documents, and get ready to place your bids on July 30th!