Terms and Conditions
BIDDING NOTICE:
We are here today selling Schoonover Estate , which each parcel will be sold in its entirety as is where is.
1. Lot #1 House and 1.00 AC+/- 207 Kilzer Loop Rd Humboldt, TN
2. Tract #1 5.001 AC+/- 207 Kilzer Loop Rd, Humboldt TN
3. Tract #2 71.818 AC +/- 207 Kilzer Loop Rd, Humboldt, TN
We have a binder with information regarding the real estate (aerial map, copy of contract, etc.). If you are interested in reviewing, ask any of the Top Tier staff to see the binder. In the maps provided, the lines shall not be considered a survey line.
TERMS:
· Cropping rights will convey to new owner once 2024 crop is removed.
· New owner may take possession of house at closing. Once 2024 crop is removed owner will have possession of land.
· 2024 crop will be retained by the sellers.
· There is no Buyer’s Premium for today’s sale.
· All announcements day of sale will take precedence over all advertisements.
· After the conclusion of this auction, the successful bidder will be required to sign a contract.
· 10% of purchase price is due and payable today to Wendell Alexander Realty Escrow by certified funds, money order, or personal check accompanied by bank letter.
· Please bid only on the tracts that you want to own. If you bid today and are the successful bidder, you will be expected to pay the earnest money and close by the closing date. If you do not close, you will lose your earnest money.
· 2024 taxes will be paid in full by the seller.
· Buyers are responsible to pay any rollback taxes.
· Closing to be held on or before October 14th 2024. Purchaser is responsible for all closing costs determined up to this point and through closing.
· Dyer Land Title has conducted the title search. In the event any remedies need to be made, they will be made before closing.
· Top Tier Auctions, LLC and Wendell Alexander Realty are acting as the agents for the seller. Any buyer will be unrepresented unless they have an agent representing them today.
· Top Tier Auctions, LLC and Wendell Alexander Realty’s agents or employees reserve the right to bid and purchase the property.
· There is no financing contingency for this sale. The successful bidder will be expected to close whether or not they can obtain financing.
· Property to be sold subject to any and all recorded easements for city, county and state as well as any building, use or zoning laws and restrictions.
· All tracts have been surveyed by Johathan Dodd of Dodd Surveying on July 19th, 2024.
· Survey is to & selling to the Deeded Boundary and is subject to all Rights-of-Way, Easements, and Restrictions of Record.
· Termite Inspection was completed on 08/19/2024 and no active termites.
MULTIPAR AUCTION:
· The multi-parcel auction method is used to sell multiple parcels (tracts) of real estate at auction, first offering each tract individually, and then in various combinations. The final sales price is determined by the combinations which realize the highest bid.
· Top Tier Auctions reserves the right to group, regroup, and revisit each tract or combination. When the tract(s) are being offered individually, in combinations or as a whole after the initial bids are determined, Buyer(s) understand there will be a minimum of a $2,500.00 raise for any individual tract or combination.
· We want to remind anyone that if you bid on an individual tract of land, do not leave until all bidding is complete.
PROPERTY CONDITION:
These properties are being sold “as is where is” with no warranties or guarantees expressed or implied by Top Tier Auctions LLC, Wendell Alexander Realty, representatives of the estate, and/or any of its associates. We do not know the condition of the tracts and have completed no termite letters, well tests, electrical inspections, septic letter, etc. If you have any questions or concerns, please ask before bidding. Purchaser(s) understand they had the right to any and all inspections prior to bidding but specifically understand the due diligence period has expired.