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 $10,000 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.

Online Real Estate Auction � 903 Star Lite Drive � Madisonville, TN 37354 Don't miss this opportunity to bid on a beautifully maintained, move-in ready home located in one of Madisonville's established neighborhoods. From the moment you arrive, it's clear this property has been exceptionally cared for and is ready for its next owner. Offering 1,122� square feet, this home features 2 spacious bedrooms and 2 full bathrooms, including a comfortable primary suite with plenty of room to relax. Beautiful hardwood flooring adds warmth and character throughout much of the home, while both bathrooms have been recently remodeled with tasteful, modern finishes. The spacious kitchen with custom wood cabinets offers abundant storage, generous counter space, stainless steel appliances, and room for casual dining, making it both functional and inviting. The home has also been professionally cleaned, allowing the next owner to move in with confidence. Step outside and enjoy the nearly �-acre (0.48� acre) lot featuring new privacy fencing that creates the perfect setting for entertaining, gardening, pets, or giving children a safe place to play. Relax on the covered rear porch while overlooking your own private backyard retreat. Additional improvements include a roof that's approximately three years old, a single attached carport, and a storage shed that provides excellent space for lawn equipment, tools, or seasonal storage. This buyer-friendly online auction has been designed to provide confidence and transparency throughout the purchasing process. Buyers will have access to a completed Property Condition Disclosure Statement, a full title report (available upon request), proof of a recent termite inspection, private showings by appointment, multiple open house opportunities, and ample time to complete any desired inspections before bidding. A $10,000 non-refundable down payment is required from the successful bidder. Buyers obtaining financing may use funds required by their lender toward satisfying this down payment requirement. The seller is willing to review and consider pre-auction offers, giving qualified buyers the opportunity to purchase the property before the auction concludes if acceptable terms can be reached. Whether you're a first-time homebuyer, looking to downsize, or searching for a turnkey investment property, this exceptionally well-maintained home offers outstanding value in today's market. Bid with confidence�or take advantage of the opportunity to buy it before the auction ends�and make this beautiful Madisonville home yours. Auctioneer Brandon Presley TAL 7424 - BP 10%