REAL ESTATE AUCTION
BIDDING TERMS & CONDITIONS

NOTE the type of deed to be transfered varies based off who owns the properties. Please take note prior to bidding.
Lots 19-24 are owned by Anderson County TN and will transfer using a quit claim deed.
Lot 13 is a court ordered auction and will require court confirmation. Once the court confirms the sale the buyer will have 30 days to close.


1. ANNOUNCEMENTS
All announcements made by the Auctioneer on the day of sale take precedence over prior advertisements or marketing materials.

2. AUCTION FIRM
JD's Realty & Auction, LLC is a licensed Tennessee real estate brokerage conducting this auction on behalf of the Seller. The seller may be an individual or a legal entity.

3. REGISTRATION
All bidders must register and be approved prior to bidding. By registering, bidders affirm they are financially capable of closing and agree to be legally bound by these Terms & Conditions.

4. AGENCY DISCLOSURE
JD's Realty & Auction represents the Seller exclusively. Buyers are encouraged to seek independent representation if they desire.

5. PROPERTY INSPECTION
Property is available for inspection by appointment. Buyers acknowledge they have conducted all desired inspections and are not relying upon Auctioneer representations.

6. AUCTION METHOD
This property is selling:
? Subject to Seller Confirmation (Reserve Auction)

If subject to confirmation, no contract is binding until Seller accepts the high bid, or in some cases if the court approves the sale, or the county commission approves the sale.

7. CONTRACT & EARNEST MONEY
High bidder shall execute the Purchase and Sale Agreement immediately and deliver a non-refundable earnest money deposit equal to 10% of the high bid at the conclusion of the auction by either check or wire transfer.

8. BUYER'S PREMIUM
A 10% Buyer's Premium will be added to the high bid to determine the Total Purchase Price.

9. CONTINGENCIES
The sale is not contingent upon financing, appraisal, inspections, or sale of Buyer's property, or any other contingency. Property sells AS-IS, WHERE-IS.

10. CONDITION OF PROPERTY
Property is sold AS-IS with no warranties expressed or implied.

11. CLOSING
Closing shall occur within 30 days of auction unless otherwise stated. Time is of the essence.

12. PRE-AUCTION OFFERS
Seller reserves the right to accept pre-auction offers or cancel/modify the auction.

13. DEFAULT
If Buyer defaults, earnest money shall be forfeited as liquidated damages. Seller may pursue additional remedies.

14. TECHNOLOGY DISCLAIMER
Auction Firm is not responsible for internet disruptions, platform errors, or missed bids due to technical failures.

15. BIDDER CONDUCT
Auctioneer reserves the right to reject bids, resolve disputes, and control bidding increments. Auctioneer's decisions are final.

16. BROKER PARTICIPATION
Cooperating brokers must register buyer in writing prior to contact and remain involved through closing to qualify for commission.

17. WIRE FRAUD WARNING
Buyers must independently verify wire instructions prior to sending funds.

18. FORCE MAJEURE
Auction Firm not liable for delays due to events beyond its control.

19. JURISDICTION
Governing law: State of Tennessee. Venue: Anderson County, Tennessee.

20. ACCEPTANCE
By registering and placing a bid, bidder acknowledges they have read, understand, and agree to these Terms & Conditions.

TERMS AND CONDITIONS
Lots 19�24
Important Title Notice
These properties were acquired by Anderson County through the Trustee�s Tax Sale process�and will be conveyed by Quit Claim Deed.
Title insurance will not be provided at closing through Anderson County, and neither the Seller nor JD�s Realty & Auction makes any representation or warranty that title insurance can be obtained.
Buyers are strongly encouraged to seek legal counsel prior to bidding�and understand the risks associated with purchasing property conveyed by Quit Claim Deed.
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Sale Approval
All properties offered in this auction are owned by Anderson County and are subject to approval by Anderson County.
Properties that meet the reserve price�during the auction may be announced as �Sold.�
If a property does not meet the reserve, the highest bid will be submitted to the Anderson County Commission�for consideration.
The Commission may approve or deny the sale.
JD�s Realty & Auction will notify bidders once a final decision has been made.
Buyers should understand that final confirmation of sale may occur after the Commission meeting.
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Bidding and Contract
The successful high bidder will be required to immediately sign a Real Estate Sales Contract and any required documents�at the conclusion of bidding.
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Earnest Money Deposit
A non-refundable earnest money deposit equal to 10% of the high bid�will be required from the successful bidder and made payable to JD�s Realty & Auction.
Online bidders must deliver payment to the JD�s Realty & Auction office by 5:00 PM today�in the form of:
Personal check
Business check
Pre-arranged wire transfer
Contact our office for wiring instructions if necessary.
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Buyer�s Premium
A 10% Buyer�s Premium�will be added to the high bid to determine the total contract purchase price.
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Closing
Closing must occur within 30 days of the auction date.
The remaining balance�of the purchase price will be due at closing.
Current year property taxes will be prorated�as of the date of closing.
Properties will be conveyed by Quit Claim Deed from Anderson County.
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Deed Issuance Process
Beginning April 2, buyers will:
Visit the Anderson County Mayor�s Office�to meet with Leean Tupper
Pay the remaining balance at the County Finance Office
Proceed to the Legal Office�to receive their Quit Claim Deed
Record the deed with the Register of Deeds Office
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Buyer Responsibilities
The buyer is responsible for:
All due diligence prior to bidding
Any title opinions or title insurance
Recording fees
Customary closing costs
Securing financing at their own expense
The sales contract is not contingent upon financing, inspections, or any other conditions.
Any personal property remaining on the property after closing becomes the responsibility of the buyer.
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Property Condition
All properties are sold AS-IS, WHERE-IS, AND WITH ALL FAULTS, with no warranties or guarantees expressed or implied.
Information regarding property size and boundaries has been obtained from county records. No surveys have been conducted, and actual dimensions may vary.
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Representation
JD�s Realty & Auction and its agents represent the Seller, Anderson County, exclusively.
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Disclosures
Where applicable, the following will be included in the sales contract:
Tennessee Residential Property Exemption Notification
Lead-Based Paint Disclosure Waiver�(for structures built prior to 1978)
A Lead-Based Paint informational brochure�will be provided for applicable properties.

LOT 20: There is a known easement across this property but neither Anderson County nor JD's Realty & Auction makes any representation and therefore any potential bidder should conduct an independent investigation regarding this property as they deem necessary before making a bid.

Upcoming Multi-Property Real Estate Auction Event Live + Online Ballroom Event Event Name: East TN Property Auction Date & Time: Thursday, March 26 at 12:00 Noon Format: Live, in-person bidding + real-time online bidding Location: Online + Anderson County Chamber of Commerce Ballroom Properties Accepted: Residential homes, land, investment properties, unique or hard-to-price assets Open House Dates: Watch for dates coming soon for each lot! Lot 1: Sunday March 8th 2-4pm, Thursday March 12th 6pm Lot 2 Sunday March 8th and then March the 22nd Starting at 2 pm. Lot 3: Lot can be viewed at any time. Lot 4: Sunday March 8th at 2pm and Tuesday March 19th at 6pm. Lot 5-10 Drive out anytime Lot 11 Lot 12: Sunday March 15th at 2pm and Tuesday March 24th at 6pm. Lot 13: Sunday March 22nd at 2pm. Lot 14 Sunday, March 15th at 2pm Lot 15 Lot 16 Lot 18 500 Old Furnace Rd Tellico Plains - Sat Mar 21st 12:00 Lot 19 Lot can be viewed at any time. Lot 20 Lot can be viewed at any time. Lot 21 Lot can be viewed at any time. Lot 22 Lot can be viewed at any time. Lot 23 Lot can be viewed at any time. Lot 24 Lot can be viewed at any time.