Bidding Terms and Conditions of Real Estate Auction

Online Only Auction
All announcements day of sale take precedence over any previously advertised material.
Thank you for participating in this online auction event (the "Auction"). Please read these Terms & Conditions carefully. By placing a bid, you agree to be bound by all conditions of sale outlined below.

Auction Firm
JD's Realty & Auction, LLC (referred to herein as "Auction Firm" or "Auctioneer") is conducting this auction as the sole licensed auctioneer and real estate brokerage firm.

Inspection
The property is available for inspection by appointment. Real estate agents may show the property to prospective buyers by scheduling an appointment and completing buyer registration.

Registration
All bidders must register with the Auction Firm prior to bidding. Online bidders must complete the online registration process. By registering, all bidders acknowledge and accept these Terms & Conditions.

Agency
The Auction Firm and its agents represent the Seller only in this transaction. Any cooperation with buyer agents or referring brokers is as a courtesy and does not create an agency relationship with the buyer.

Contracts & Deposit
The high bidder shall sign the Purchase and Sale Agreement and deliver a non-refundable deposit equal to ten percent (10%) of the bid price at the conclusion of the auction, or the next business day if after business hours.� Deposits must be made by check or wire transfer. Upon the Seller�s confirmation of the sale, the Purchase and Sale Agreement shall be binding on both Buyer and Seller and may not be revoked or terminated by either party except as expressly provided in the Agreement.

Auction Method & Closing
This auction is online only. The property is selling subject to seller confirmation.

Closing shall occur no later than 30 days following the auction. Time is of the essence. The Buyer will pay customary closing costs. The Seller will convey the property via General Warranty Deed and provide clear title. Possession is granted at closing.

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

Pre-Auction Offers
The Seller reserves the right to accept a pre-auction offer and cancel or modify the auction at any time.

Contingencies
No contingencies will be accepted for financing, inspections, or appraisals. The property is selling AS-IS, WHERE-IS.

Condition of Property
The property is sold in AS-IS, WHERE-IS condition with no warranties or guarantees expressed or implied by the Auction Firm or Seller. Buyers are encouraged to conduct all inspections prior to bidding.

Technology Disclaimer
JD's Realty & Auction may utilize third-party bidding platforms or services. The Auction Firm is not liable for missed bids or errors due to technological failures, internet disruptions, or service provider issues.

Force Majeure
The Auction Firm shall not be held liable for delays or inability to perform due to acts of God, war, government regulation, pandemic, natural disaster, or events beyond its control.

Broker Participation
Referring brokers are eligible for a commission of the high bid amount, provided they:
- Register their client in writing before any contact is made with Auction Firm
- Remain actively involved in the transaction through closing
- Send JD's a copy of the Buyer Representation agreement.

High Bidder Notification
Winning bidders will be notified by email only. Bidders are responsible for monitoring their email and completing contract obligations on time.

Jurisdiction & Venue
This agreement and any related disputes shall be governed by the laws of the State of Tennessee. All legal actions or claims must be filed exclusively in Anderson County, Tennessee.

Buyer Beware
By placing a bid, the bidder acknowledges that they have had an opportunity to inspect the property and are purchasing it AS-IS, WHERE-IS, and AS-INSPECTED, with all faults. The Auctioneer reserves the right to place bids on behalf of the Seller.

Final Note
These Terms & Conditions may only be modified in writing by JD's Realty & Auction. By registering and placing a bid, you acknowledge that you have read and understood all terms stated herein.

Located in the heart of Rocky Top, this mid-century home presents an outstanding opportunity for investors, renovators, or buyers looking to create additional living space and build equity. Selling at auction, this property offers approximately 3,588 total square feet, including 1,794 square feet of finished living area on the main level and an additional 1,794 square feet of partially finished basement space ready for customization.The main level features 4 bedrooms and 1.5 bathrooms with spacious rooms, original built-in cabinetry, solid oak trim and moldings, hardwood floors, and brick fireplaces that showcase the home�s timeless mid-century character. Unique windows throughout the home bring in natural light, while a French door opens to a sun porch that provides additional space for relaxing or entertaining.The unfinished lower level offers tremendous upside potential with both interior and exterior access, multiple divided rooms, an additional fireplace, and existing plumbing already in place for two bathrooms, a kitchen, and laundry area. Whether you envision a separate living quarters, rental unit, workshop space, or expanded family living area, the basement provides endless possibilities for value-add improvements.Additional features include handicap-accessible modifications completed by a previous owner, ample storage throughout, and two exterior storage sheds. While the property is currently livable on the main level, no recent cosmetic updates have been completed, allowing the next owner to renovate and modernize to their own vision.Conveniently located just minutes from I-75, downtown Rocky Top, and Norris Lake, this property combines accessibility, character, and investment potential in one unique auction opportunity.Whether you're searching for your next renovation project, an income-producing property, or a spacious home with expansion potential, this Rocky Top auction deserves your attention.