10% BUYERS PREMIUM WILL BE ADDED TO EACH SUCCESSFUL BID<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 FRIDAY, MARCH 7TH, AT 10:30 AM EST AND WILL BEGIN ENDING ON WEDNESDAY MARCH 19TH AT 2:00 PM EST. <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 $100 --- 5.00<br>
$100.01 TO $250.00 --- 10.00<br>
$250.01 TO $1,000.00 --- 25.00<br>
$1,000.01 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 & 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 & 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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TERMS: Real Estate: A 10% deposit required day of online bidding closing. Balance due at closing within 30 days.<br>
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SALE #10 – LOT 6 PRESTON RIDGE S/D<br>
Zoned R-1 Sevier County. See copy of Restrictions available online. Per recorded map this lot is approved for 2 bedroom field line and septic by health department. Recorded restrictions makes mention of homeowners association. Seller has owned property for 5 years and has no knowledge of homeowners association existence. If homeowners association is formed, buyer must join, pay any required dues and abide by their rules and regulations. Note drainage easement on south side of lot as shown on map. Utility water is available.<br>
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SALE #11 – LOT 17B JAMES C. ALLEN ESTATE<br>
Property zoned R-1, Sevier County. See copy of restrictions available online. See notes on recorded map. Per seller, utility water available.<br>
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SALE #12 – 2 LOTS IN TANASI HILLS OF TELLICO VILLAGE, LOUDON COUNTY, TN<br>
Property zoned A-2, Loudon County. See copy of restrictions available online. This property is subject to Tellico Village Property Owners Association. Present fees are $106.75 per lot per month. Buyer(s) must join Property Owners Association and abide by their rules and regulations. Water, sewer and underground electric are available. Buyer responsible to meet any conditions and pay all costs to connect to water and sewer and underground electric.<br>
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SALE #13 – LOT 12 FOX CROSSING S/D<br>
Property zoned A-1, Sevier County. See copy of restrictions available online. Recorded restrictions makes mention of homeowners association. Seller has no knowledge of homeowners association existence. If homeowners association is formed, buyer must join, pay any required dues and abide by their rules and regulations. Please note in restrictions of record that all homes built in the Fox Crossing Subdivision shall be log cabins from Whisper Creek Log Homes Product Line and only one (1) cabin can be built on a lot unless the express written consent of the developer is obtained. <br>
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SALE #14 – 3 LOTS IN STONE HENGE S/D<br>
Property zoned R-2, City of Pigeon Forge. See copy of restrictions available online. Recorded restrictions makes mention of homeowners association. Seller has no knowledge of homeowners association existence. If homeowners association is formed, buyer must join, pay any required dues and abide by their rules and regulations. Stone Henge is a Planned Unit Development and is subject to the terms and conditions of the Master Deed and the Horizontal Property Act. Cabins must be built in designated areas as shown on recorded map. Sewer and water are available. <br>
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SALE #15A – LOT 656 IN SKY HARBOR S/D<br>
Property zoned RR-1, City of Gatlinburg. See copy of restrictions available online. Per Sevier County Health Department, Lot 656 has 1 bedroom approval. This property is subject to Sky Harbor Property Owners Association. Present fees for Lot 656 is 124.87 per year. Buyer(s) must join Property Owners Association and abide by their rules and regulations. <br>
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SALE #15B – LOTS 131 & 132 SELL TOGETHER IN SKY HARBOR S/D<br>
Property zoned RR-1, City of Gatlinburg. See copy of restrictions available online. This property is subject to Sky Harbor Property Owners Association. Present fees are 124.87 per lot per year. Buyer(s) must join Property Owners Association and abide by their rules and regulations. Lots 131 & 132 sell together as is. Buyer is responsible to obtain field line approval from Sevier County Health Department.<br>
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SALE #16 – DOUGLAS LAKE VIEW SITE W/1 RM CABIN<br>
Property zoned A-1, Jefferson County. See copy of restrictions available online. Camping cabin with no bathroom. Not a permanent residence. Treatment for termites was recommended. Buyer will be responsible for treatment. Termite inspection letter will be provided to buyer. Sold in as is condition. Building is grandfathered, if this building is removed, cannot rebuild. Per notes on map, there is no field line area. Also see approximate 1002 and 1007 Douglas Lake boundaries. Water on property only when Douglas Lake is at high level. <br>
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SALE #17 – LOT 25 ENGLISH MOUNTAIN SEC R<br>
Property is zoned R-1, Sevier County. Please see copy of restrictions available online. 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. Water and sewer available. Buyer responsible to meet any conditions and pay all costs to connect to water and sewer.<br>
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SALE #18 – LOT 74 ENGLISH MOUNTAIN SEC 25 <br>
Property is zoned R-1, Sevier County. No new survey. You buy it, you find it. Selling as is. Condition of road may be inaccessible by car. Buyer(s) may have to join Homeowner’s Association. Per info from East Sevier Utility District, there is a $25 per lot per year voluntary HOA fee.<br>
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10% BUYERS PREMIUM TO BE ADDED TO EACH SUCCESSFUL BID
