Phone: 731-249-5175

ONLINE ONLY - 168.85+/- ACRE FARM AND HOME SELLING IN TWO TRACTS

by Liberty Auction & Realty

When

April 15th at 2:00pm thru April 24th at 2:00pm - 2:00 PM Central

Where

Michael Hankins
732 Bowman Rd.
Medon, TN 38356

Notes

Open House
April 21st from 10:00am - 2:00pm
April 22nd from 1:00pm - 4:00pm
OR BY APPOINTMENT

2% BROKER PARTICIPATION FEE BEING OFFERED:SEE FORM UNDER FILE SECTION FOR DETAILS.

Referring Agent is Brandon Buchanan of Coldwell Bankers.

Share this Auction

Conducted By

Liberty Auction & Realty

16520 Highway 104 North, Suite B
Lexington, TN 38351

731-249-5175

http://www.libertyauctionandrealty.com

Ending Time

Apr 24, 2012 2:00 PM

Ending Time

Apr 24, 2012 2:00 PM

Contact the Auctioneer

16520 Highway 104 North, Suite B
Lexington, TN 38351
731-249-5175

Auction Listing

Liberty Auction & Realty has been commissioned by Mr. Michael Hankins to sell his home and farm at auction. Farm will be selling in two tracts. This is an"Online Only" auction.

 

Tract#1

163.84+/-Acre Farm. This is a beautiful gently rolling tract of land located in the Southwest section of Madison County, TN. This tract consists mainly of timber with some open fields that make excellent food plots. This is a hunter’s paradise that is easily accessible by an ATV.

 

 

Tract#2

Extremely nice 3 BR/2 BA home on 5.01+/- Acres. (The current property stakes are approximate. Registered Land Surveyor will set pins for the 5.01 Acres.)

Home has 2040 SQ FT with an open floor plan and a large master suite with master bath. A large screened in porch provides a great view of the beautiful surroundings. This home was built in 2006 and is move-in ready. Property also includes a 36X36 barn that would be great for horses.

 

 

Selling separate is a 12X26 building that is like new. Buyer will be required to move the building within 30 days of ending of auction.

 
2% BROKER PARTICIPATION FEE BEING OFFERED

 

Open House
April 21st from 10:00am - 2:00pm
April 22nd from 1:00pm - 4:00pm
OR BY APPOINTMENT
 
 

 

Referring Agent is Brandon Buchanan of Coldwell Bankers.

 




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A 10% BUYERS PREMIUM WILL BE ADDED TO THE FINAL BID TO REACH THE TOTAL SALES PRICE AND TOTAL CONTRACT PRICE.

TERMS ON REAL ESTATE ARE 20% DOWN THE DAY OF AUCTION; BALANCE DUE WITHIN 30 DAYS UPON DELIVERY OF DEED.

TERMS ON STORAGE BUILDING ARE CASH AT THE END OF AUCTION. BUILDING MUST BE PICKED UP WITHIN 30 DAYS OF AUCTION ENDING.


ANY REAL ESTATE INFORMATION CONCERNING TAX AMOUNTS AND OTHER INFORMATION ARE SUPPLIED TO ACCOMMODATE THE PURCHASER(S). IT IS THE PURCHASER’S SOLE RESPONSIBILITY TO HAVE COMPLETED THEIR OWN DUE DILIGENCE SURVEY, RESEARCH, AND INSPECTION AND SHALL BID ACCORDING TO THEIR DUE DILIGENT SURVEY AND RESEARCH.

ONLINE AUCTION TERMS:

Agency Disclosure:
Liberty Auction and Realty is acting as agent for the seller.




PROPERTY IS OFFERED UNDER THE SPECIFIC TERMS PROVIDED IN THE PURCHASE CONTRACT. PLEASE READ AND REVIEW THE CONTRACT THOROUGHLY PRIOR TO BIDDING ON ANY PROPERTY. IF YOU HAVE NOT READ AND REVIEWED THE CONTRACT FOR SALE OF REAL ESTATE, DO NOT BID.



AUCTION END TIMES: Liberty Auction & Realty Online Auctions are timed events and all bidding will close at specified time. Liberty Auction & Realty 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 6:00 receives a bid at 5:59, the close time will automatically extend 6:09.The auto extend feature remains active until no further bids are received within a 10 minute time frame.



REFRESH YOUR SCREEN CONSTANTLY DURING THE CLOSING MINUTES OF THE BIDDING



SERVER & SOFTWARE TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Liberty Auction & Realty reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE nor LIBERTY AUCTION & REALTY SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to the email address provided in your registration with updated information as deemed necessary by Liberty Auction & Realty.




TERMS: 20% of the final bid price as nonrefundable earnest money in the form of a certified check, within 48 hours of the close of auction, with the balance of purchase price due at closing which shall be completed within 30 days. Purchaser shall be responsible for any currency exchange fees to US dollars. Closing will be as specified in the Contract for Sale of Real Estate. 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 Contract for Sale of Real Estate.





DEED: Good Insurable Deed at Closing.



BUYER’S PREMIUM: There will be a buyer’s premium of 10% added to the bid price to arrive at final purchase price. Example: Bid Price $100,000 plus $10,000 (10% buyer’s premium) equals TOTAL purchase price of $110,000.



AUCTION BIDDER DEFAULT: Successful bidder not executing and returning the contract with earnest money deposit within 72 hours of the conclusion of the auction will be considered in default. In the event a winning bidder fails to submit the signed Contract for Sale of Real Estate and earnest money deposit, the winning bidder will be charged a penalty fee of $3,000.00 on the credit card provided at auction registration. Additional default remedies are reserved by Liberty Auction & Realty and the Seller as provided in the Auction Terms and Conditions and the Contract for Sale of Real Estate. Liberty Auction & Realty reserves the right to sell to the second-highest bidder in the event the successful high bidder does not comply with the terms of the sale.



Any dispute between Liberty Auction & Realty, its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Henderson County, Tennessee. By bidding on the property, buyer agrees to all terms and conditions set forth.



Acceptance of Bid Prices: Successful bidder(s) will be required to enter into a purchase agreement immediately following the close of the auction. Liberty Auction & Realty will e-mail documents to be executed and fax or e-mail back to Liberty Auction & Realty within 48 hours of the end of the auction. Successful bidders not executing and returning contracts with earnest money deposit within 48 hours will be considered in default. Any and all inspections that a buyer may want must be done at buyer’s expense prior to the close of the online bidding.



Title: As specified in the Contract for Sale of Real Estate

Deed: As specified in the Contract for Sale of Real Estate

Possession: Will be given with Delivery of Deed.

Real Estate
Taxes and Closing Cost: All taxes will be prorated to day of closing using the most current available year’s tax amount. The purchaser will pay all other closing costs associated with the purchaser’s side of the sale, including local and state recording fees and any cost associated with the purchaser’s loan.

Easements: Subject to any and all easements of record.

Zoning: This property is subject to all state and local zoning ordinances.



Disclaimer: All properties are being sold 'as is, where is'. We encourage bidders to do property inspections and rely upon their own conclusions. All information is deemed reliable, but is not guaranteed. All
information is believed to be correct to the best of the auctioneer's knowledge.



Bidder Verification: The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Liberty Auction & Realty will reject the registration, and bidding activity will be terminated. The Seller and Liberty Auction & Realty reserve the right to
preclude any person from bidding if there is any question as to the person’s
credentials, fitness, etc. Bidders agree to keep their user-name and password confidential as they are responsible for ANY and ALL activity involving their account. When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges.



Agency: Liberty Auction & Realty, Agents and
Representatives are agents of the Seller.

Buyer and or Bidder agrees to hold harmless
and indemnify Liberty Auction & Realty, its Agents, and Representatives from any and
all claims, damages or suits including but not limited to awards, judgments, costs,
fees, etc.



NEW DATA, CORRECTIONS, AND CHANGES: Please check for updated information prior to scheduled auction time to inspect any changes, corrections, or additions to the property information. Disclaimer & Absence of
Warranties: All information contained in this information packet and all related materials are subject to the terms and conditions outlined in the Contract for Sale of Real Estate agreement. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation either expressed or implied, concerning the property is made by the Seller or Liberty Auction & Realty, Agents or Representatives. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property.

The information contained in the brochure and on the website is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller, Liberty Auction & Realty, Agents or Representatives. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. All decisions of Liberty Auction & Realty are final.

From downtown Medon: Go left onto Highway 18. Take the 1st right onto Bowman Road. Property is located 3.4 miles on the right. Property is .8 miles past Kelly Road.

From Jackson:
Take Highway 45 South to TN-18 and turn slight right. Go 7.8 miles and turn right on Bowman Road. Property is located 3.4 miles on the right.