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 of 10% 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.

Luxury Living Meets Opportunity in One of Oak Ridge's Most Desirable Neighborhoods Welcome to 111 Claremont Road, Oak Ridge, Tennessee-an exceptional opportunity to purchase a spacious custom home through the auction method of sale. Situated in the established Emory Hills Estates subdivision, this impressive residence offers approximately 3,598 square feet of living space (per the Anderson County Assessor), providing the room, flexibility, and quality today's buyers are searching for. Featuring 4 bedrooms and 4 bathrooms, this home was designed with both everyday living and entertaining in mind. Whether you're looking for space to accommodate a growing family, host holiday gatherings, or simply enjoy larger living areas, this property delivers. The home's classic architecture is complemented by a generous approximately 0.49-acre lot, offering mature landscaping, privacy, and outdoor living potential. An attached garage provides convenience and additional storage, while the established neighborhood creates an inviting setting just minutes from everything Oak Ridge has to offer. Inside, buyers will appreciate: " Approximately 3,598 square feet of living space " 4 spacious bedrooms " 4 full bathrooms " Large living and entertaining areas " Attached garage " Fireplace " Flexible floor plan with abundant storage Built in 1979, this home offers generous room sizes often found in established neighborhoods while giving the next owner an opportunity to update and customize it to their own style. Homes with this much square footage in Oak Ridge are increasingly difficult to find, making this an outstanding buying opportunity. Prime Oak Ridge Location Location is everything, and 111 Claremont Road delivers. You'll enjoy quick access to: " Oak Ridge National Laboratory (ORNL) " Y-12 National Security Complex " Excellent Oak Ridge schools " Melton Lake Park " Shopping, restaurants, and medical facilities " Interstate 40 for convenient travel to Knoxville and surrounding East Tennessee Oak Ridge continues to be one of East Tennessee's most sought-after communities, known for its strong employment base, excellent schools, outdoor recreation, and convenient access to Knoxville. Selling at Auction Whether you're searching for your forever home, relocating to Oak Ridge, or looking for an investment opportunity, this auction gives buyers the chance to purchase an outstanding property in a highly desirable location. Don't miss your opportunity to bid on this spacious 4-bedroom, 4-bath home with nearly 3,600 square feet of living space in one of Oak Ridge's premier neighborhoods. Register today, review the auction terms, schedule your property preview, and prepare to bid with confidence.