TERMS: Knox County Surplus Online Real Estate Auction. ONLINE BIDDING ONLY. Online Bidding starts ending Monday, March 26th at 12:00PM. All bidding starts at $50, with $25 bidding increments. If you are the high bidder online, then you will receive an email from Powell Auction after the sale ending. Pursuant to Resolution R-07-1-903 passed by the Commission of Knox County, Tennessee, bidders hereby acknowledge by submission of their bid or proposal that they are current in their respective Federal, State, County and City taxes of whatever kind or nature and are not delinquent in any way. Bidders delinquent on any taxes, or who have been delinquent within the past 5 years, of whatever kind are not eligible and risk debarment from future sales. In no event shall Knox County or Powell Auction & Realty LLC, be liable for any indirect, incidental, consequential, special or exemplary damages or lost profits, even if Knox County has been advised of the possibility of such damages. Buyers to sign a Real Estate Sales Contract, Terms & Conditions and any other documents needed, immediately upon conclusion of the bidding and pay a Deposit of 10% or $1,000.00 whichever is greater, per Property. US currency Cash OR Approved Check. 5% buyers premium to be added to final price to establish total contract sales price. Knox County Law Department will conduct the closings. The balance is to be paid in full at the closing within 30-60 days, AFTER Knox County Commission Approval. Property will be transferred with a Quit Claim Deed. The buyer is responsible for recording the deed. ***PLEASE note that this property may NOT qualify for TITLE INSURANCE. Sellers OR Sellers Agent make NO Warranties on these properties or that Title Insurance can be obtained and the buyer is advised to seek legal council. Real Estate Property Taxes will start at Closing for the buyer. The contract will not be contingent upon financing, inspections or any other contingencies. Powell Auction & Realty LLC and its auctioneer(s) and employee(s) are representing the seller(s) as the sellers Agent(s). All properties are sold “AS IS, WHERE IS and WITH ALL FAULTS”, without any warranties expressed, implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder's behalf. All measurements, square footage & age are approximate and not guaranteed. Seller and or Agent makes no warranty as to accuracy of information. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding.
ONLINE REAL ESTATE TERMS: Thank you for participating in a Powell Auction & Realty, LLC Online Auction. It is important that you familiarize yourself with the Terms and Conditions of the Sale. If you do not agree with any of the terms and conditions stated, PLEASE DO NOT BID or you will be bound by those Terms and Conditions. Good luck and good bidding. Auctioneer/Employees without notice may withdraw, extend or rearrange any property, and or item at their sole discretion at any time and will not be liable for any computer, internet or website malfunctions. If bids are placed within the last minute, bidding will automatically extend to prevent bid sniping.Payment must be made within 24 Hours after being contacted by Powell Auction & Realty, LLC. Powell Auction & Realty, LLC will have up to 7 DAYS to provide the Buyer with any documents to be signed after the auction has ended. All properties are sold “AS IS, WHERE IS and WITH ALL FAULTS” with no financing, inspection or other contingencies to sale. Auctioneer represents the seller only and does not inspect properties on Bidder’s behalf. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding.