Sales 10-20 Online Only Fall Absolute Auction

10% Buyers Premium will be added to each successful real estate bid. PLEASE CHECK BACK OFTEN FOR MORE INFO AS WE RECEIVE IT AND UPDATE OUR WEBSITE!!! All online bids on this auction start Wednesday, Sept 3th at 10:30 am edt and will begin ending on Tuesday, Sept 9th, 2014 at 2:00 pm edt.<br>
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SALES 10-20 STATEMENT OF SALE &amp; ONLINE TERMS<br>
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The sale of ALL PROPERTIES SALES 10-20, will be sold as follows: <br>
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10% BUYERS PREMIUM WILL BE ADDED TO EACH SUCCESSFUL BID<br>
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All newspaper or other publications and all oral and verbal statements as to advertising made by owners of said property and by McCarter Auction, Inc., or any agent of said company, or by Scott E. McCarter, are hereby revoked.<br>
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This is an Absolute Auction - All Sales are Final. Each Sale # has its own announcements. Please pay very close attention as this will cover the terms and conditions for that property. The highest bid plus a 10% Buyers Premium will be the total sales price. All successful bidders will be required to sign a note for the deposit amount, in addition to deposit paid day of sale. Note shall become null and void when buyer shall complete all requirements for closing as set out in their contract.<br>
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ALL ONLINE BIDS ON THIS AUCTION START WEDNESDAY, SEPTEMBER 3RD, AT 10:30 AM EDT AND WILL BEGIN ENDING ON TUESDAY SEPTEMBER 9TH AT 2:00 PM EDT. <br>
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AUCTION END TIMES: McCarter Auction, Inc. Online Auctions are timed events and all bidding will close at specified time. McCarter Auction, Inc. Online Auctions also have an auto extend feature. Any bid placed in the final 10 minutes of an auction, the auction ending will be automatically extended 10 minutes from the time the bid was placed. Example: if an auction scheduled to close at 2:00 receives a bid at 1:59, the close time will automatically extend 2:09.The auto extend feature remains active until no further bids are received within a 10 minute time frame. ALL PROPERTIES IN THIS SALE EXTEND IF ANY ONE OF THEM IS EXTENDED. McCarter Auction, Inc. reserves the right to adjust the auto extension time period.<br>
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THE FINAL SALE OF PROPERTIES USING INTERNET BIDS/MAX BIDS WILL DETERMINE THE WINNING BIDDERS OF PROPERTIES AS ADVERTISED.<br>
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INTERNET BIDDING INCREMENTS =<br>
$0 TO $2,500.00 --- 50.00<br>
$2,500.01 TO $10,000.00 --- 100.00<br>
$10,000.01 TO $25,000.00 --- $250.00<br>
$25,000.01 TO $50,000.00 --- $500.00<br>
$50,000.01 TO $250,000.00 --- $1,000.00<br>
$250,000.01 TO $500,000.00 -- $5,000.00<br>
$500,000.01 AND UP --- $10,000.00<br>
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This online only auction is a CASH SALE not contingent on or subject to financing, appraisal, survey or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Auction Sales Contract.<br>
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BID PACKAGE: Auction Sales Contract &amp; Promissory Note Package, along with any other paperwork pertaining to each sale #, will be sent by e-mail from McCarter Auction Inc to the successful bidder, who must execute and fax or email back to McCarter Auction Inc within 24 hours of receipt. Successful bidders not executing and returning their contract &amp; promissory note with earnest money deposit (10% non refundable deposit of total purchase price (certified funds or wire) made payable to McCarter Auction Inc) within 24 hours of receipt will be considered in default and subject to an Administrative Fee (as defined below). All Administrative Fees are non-refundable. The entirety of the remaining balance is due at closing. Purchaser shall be responsible for all wire transfer fees and closing fees as set out in Auction Sales Contract and Auction Statement of Sale.<br>
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Auction Administrative Fee: In the event a winning bidder fails to submit the signed “Auction Sales Contract,” signed “Promissory Note,” and deposit earnest money as provided in the pre-stipulated Auction Terms, the winning bidder will be charged an administrative fee of $2,500.00 on the credit card provided at auction registration. Additional default remedies are reserved by McCarter Auction Inc and the Seller as provided in the Auction Statement of Sale, the Auction Sales Contract and the Promissory Note. All Administrative Fees are non-refundable.<br>
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AUCTION SALES CONTRACT, PROMISSORY NOTE, and STATEMENT OF SALE: Each property is offered under specific terms provided in the auction sales contract, promissory note, and statement of sale. The Auction Sales Contract, Promissory Note, Statement of Sale are available at www.mccarterauction.com in the “View Documents” section of this auction website. Please read and review the contract, promissory note, and statement of sale thoroughly prior to bidding on any property. If you have not read and reviewed the Auction Sales Contract, Promissory Note, Statement of Sale and all other materials available plus completed your own “due diligence” to satisfy all questions, please Do Not Bid!<br>
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Buyer’s Premium: A 10% buyer’s premium will be added to the bid price on all properties to determine the final contract price.<br>
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McCarter Auction Inc has the sole authority to resolve any bidding disputes as they may arise.<br>
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McCarter Auction Inc is providing internet/online bidding as a service to Bidder. Bidder acknowledges and understands that this service may or may not function correctly the ending day of the auction. Under no circumstances shall Bidder have any kind of claim against McCarter Auction Inc or anyone else if the internet service fails to work correctly before or during the ending of the auction. McCarter Auction Inc will not be responsible for any missed bids from any source. <br>
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Taxes for the 2014 year to be prorated at closing and any back taxes to be paid by seller at closing. Closing will be on or before 30 days. Possession of all properties to be given at closing, unless otherwise stated in individual property terms. All other properties to be sold in “as is” condition with no guarantees or warranties expressed or implied. Please rely on your previous inspections of all properties. Copies of surveys, restrictions and zoning regulations of properties are available online. <br>
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The properties will be sold subject to zoning, easements and restrictions of record and will be sold as described from maps. The properties will be sold free from all encumbrances and a Warranty Deed will be executed by the owner to the purchaser for said land.<br>
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Terms for Real Estate are 10% down today, balance at closing within 30 days. Buyer to pay one-half of closing fee, in addition to their other individual closing costs. Please note that Johnson, Murrell and Associates will be the exclusive closing agent for all transactions. <br>
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REMEMBER, this is an Absolute Auction and all sales are final. Do not bid unless you are prepared to pay appropriate deposit today and meet all conditions to close as set out in your contract. <br>
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INDIVIDUAL PROPERTY TERMS:<br>
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SALE #10 – 1.6 AC BUILDING SITE, LOT 14 BLUE BYRD VIEW S/D, SEVIER COUNTY, TN<br>
Property zoned R-1, Sevier County. See copy of Restrictions available online, which state minimum square footage of home is 1200 sq ft. Per recorded map, this lot has 3 bedroom approval by Sevier County Health Department for septic. City water is available. See other notes shown on recorded map.<br>
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SALE #11 – 1.08 MATURE FOREST SITE, LOT 20 OAK HAVEN S/D, SEVIERVILLE, TN<br>
Property zoned R-1, City of Sevierville. See copy of Restrictions available online, which state minimum square footage of home is 1400 sq ft. Note transmission line easement as shown on recorded map along western edge of this lot. This lot has city water available.<br>
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SALE #12 – PRIME BUILDING SITE, LOT 23 FAIRGARDEN VILLAGE, SEVIER COUNTY, TN<br>
Property zoned R-1, Sevier County. See copy of Restrictions available online, which state minimum square footage of home is 1400 sq ft. Per recorded map, this lot has 3 bedroom approval by Sevier County Health Department for septic. Utility water is available.<br>
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SALE #13 – 0.48 AC NEAR DOWNTOWN SEVIERVILLE, TN, TRACT 36 RIDGECREST ESTATES (VISTA CIRCLE)<br>
Property zoned R-1, City of Sevierville. See copy of Restrictions available online, which state minimum square footage of home is 1200 sq ft. Property has utility water.<br>
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SALE #14 – RIVER LOT JONES COVE RD, LOT 2 SMOKEY MTN RETREAT, SEVIER COUNTY, TN<br>
Property zoned A-1, Sevier County. See copy of Restrictions available online. Field Line Layout dated 1974 from Sevier County Health Department available online. Buyer must abide by any requirements or restrictions from zoning or health department. Utility water available. All of this lot is located in Flood Zone A as shown on FEMA Flood Map available online.<br>
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SALE #15 – LOTS 51, 52, 53 VICKWOOD HILLS S/D, PIGEON FORGE, TN<br>
Property zoned R-1, City of Pigeon Forge. See copy of Restrictions available online, which state minimum square footage of home is 1400 sq ft. City sewer and city water available.<br>
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SALE #16 – SMOKY MTN BUILDING SITES, LOTS 3 &amp; 4 COBBLY NOB CHESTNUT RIDGE II, SEVIER COUNTY, TN<br>
Property zoned A-1, Sevier County. See copy of Restrictions available online. This property is subject to Home Owners Association. Buyer(s) must join Home Owners Association and abide by their rules and regulations and pay appropriate fees. Per Seller, current fees are $250 per lot per year. Per seller, buyer(s) have pool and lodge use rights and utility water available. See notes on map by Charles H. Freeman, RLS dated August 20, 2014. <br>
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SALE #17 – TWO MOUNTAIN LOTS SOLD FOR ONE PRICE, LOTS 23 &amp; 24 ENGLISH MOUNTAIN SEC 33, SEVIER COUNTY TN<br>
Property is zoned R-1, Sevier County. See copy of Restrictions available online. Utility water and sewer tap fee paid. Buyer may have to join Homeowner’s Association and abide by their rules and regulations. Per info from East Sevier Utility District, there is a $25 per lot per year voluntary HOA fee. <br>
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SALE #18 – MOUNTAIN BUILDING SITE LOT 18 ENGLISH MTN SEC 33, SEVIER COUNTY TN<br>
Property is zoned R-1, Sevier County. See copy of Restrictions available online. Per seller, mobile home appropriate. Utility water and sewer tap fee paid. Buyer may have to join Homeowner’s Association and abide by their rules and regulations. Per info from East Sevier Utility District, there is a $25 per lot per year voluntary HOA fee. <br>
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SALE #19 – TWO LOTS ENGLISH MTN COMMUNITY, LOTS 127 &amp; 180 LIN CREEK TRAILER PARK, SEVIER COUNTY TN<br>
Property is zoned R-1, Sevier County. See copy of Restrictions available online. Per seller, mobile home appropriate. Utility water and sewer tap fee paid. Buyer may have to join Homeowner’s Association and abide by their rules and regulations. Per info from East Sevier Utility District, there is a $25 per lot per year voluntary HOA fee. <br>
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SALE #20 – TR-2 JOHN THURMAN PROPERTY, 800+/- FT EAST FORK LITTLE PIGEON RIVER, SEVIER COUNTY, TN<br>
Property zoned R-1, Sevier County. The map of record indicates that the subject property is located in a special flood hazard area, Flood Zone A-4. Per Sevier County Planner, James Temple, this property is some in and some out of flood zone. This property may not be buildable.<br>
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10% BUYERS PREMIUM TO BE ADDED TO EACH SUCCESSFUL BID