SELLING TO THE HIGHEST BIDDER REGARDLESS OF PRICE - 3 INVESTMENT PROPERTIES LOCATED NEAR DOWNTOWN LEXINGTON TN.
Liberty Auction & Realty has been commissioned by Mrs. Edith Carver to sell her properties at "ABSOLUTE" auction. Properties include:
335 Vine Street - 936+/- SQFT dwelling with concrete block shed. According to the deed of record, home sits on a lot with dimensions of 26ft of road frontage, 105ft on the West side, 26ft across the back of the property, and 105ft on the East side. This property has a total tax appraisal of $23,000 according to the tax record on file with the Henderson County Court House.
345 Vine Street - 624+/- SQFT home with vinyl siding. Needs some TLC but would make a great rental property or starter home. According to the deed of record, home sits on a lot with dimensions of 72.5ft of road frontage, 105ft on the West side, 76.3ft along the back of property, and 99ft on the East side. This property has a total tax appraisal of $19,400 according to the tax record on file with the Henderson County Court House.
402 Derryberry Street - 960+/- SQFT home. This is an income producing property with a current tenant. According to the deed of record, home sits on a lot with dimensions of 102.5ft of road frontage on Vine St., 110ft on the western line of the property, 110ft on the northern side of the property and 93ft of road frontage on Derryberry St. This property has a total tax appraisal of $17,800 according to the tax record on file with the Henderson County Court House.
IF YOU HAVE CONSIDERED INVESTING IN REAL ESTATE - HERE IS THE OPPORTUNITY FOR YOU!!!
Please contact the office to view properties by appointment.
LIBERTY AUCTION & REALTY<br>
REAL ESTATE AUCTION TERMS AND CONDITIONS<br>
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1. A 10% BUYERS PREMIUM WILL BE ADDED TO THE FINAL BID TO REACH THE TOTAL SALES PRICE AND TOTAL CONTRACT PRICE FOR REAL ESTATE AND PERSONAL PROPERTY.<br>
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2. PROPERTY IS SELLING 'ABSOLUTE' BY WHICH TERM IS MEANT THAT THE HIGHEST VALID BID SHALL BE ACCEPTED.<br>
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3. TERMS ON REAL ESTATE ARE 20% DOWN THE DAY OF AUCTION; BALANCE DUE WITHIN 30 DAYS UPON DELIVERY OF DEED. PAYABLE BY CASH, CASHIERS CHECK, OR PERSONAL CHECK. TAXES WILL BE PRORATED.<br>
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4. LEAD BASED PAINT DISCLOSURE: PURCHASER WILL BE REQUIRED TO SIGN A LEAD BASED PAINT DISCLOSURE SINCE HOUSE WAS BUILT PRIOR TO 1978, IN WHICH THEY WILL WAIVE THE OPPORTUNITY TO CONDUCT A RISK ASSESSMENT OR INSPECTION FOR THE PRESENCE OF LEAD-BASED PAINT AND/OR LEAD-BASED PAINT HAZZARDS. <br>
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5. BUYER IS RESPONSIBLE FOR TITLE SEARCH, IF DESIRED. BUYER IS ALSO RESPONSIBLE FOR STATE TRANSFER TAX, RECORDING OF THE DEED, AND THEIR PORTION OF THE ATTORNEY FEES. <br>
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6. LIBERTY AUCTION & REALTY AND ALL AGENTS WORKING AT THIS AUCTION ARE ACTING AS AN AGENT FOR THE SELLERS.<br>
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7. ANY REAL ESTATE TERMS AND INFORMATION SUPPLIED IN THE TERMS AND CONDITIONS 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, INSPECTION, AND SHALL BID ACCORDING TO THEIR DUE DILIGECE SURVEY. <br>
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8. NO ONE SHOULD MAKE A BID THAT HE/SHE DOES NOT WANT TO HONOR OR IS NOT FINANCIALLY ABLE TO HONOR. THERE IS NO CONTINGENCY IN THE CONTRACT SUBJECT TO THE PURCHASER OBTAINING LONG TERM FINANCING.<br>
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9. FAILURE TO PAY THE BALANCE DUE WILL REQUIRE YOU TO FORFEIT YOUR EARNEST MONEY AND BE SUBJECT TO ALL TERMS STATED IN THE CONTRACT.<br>
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10. ALL PROPERTY SELLS SUBJECT TO EXISTING EASEMENTS.<br>
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11. POSSESSION OF PROPERTY WILL BE GIVEN UPON DELIVERY OF DEED.<br>
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12. PROPERTY AND IMPROVEMENTS ARE BEING SOLD IN THEIR PRESENT CONDITION. NO IMPROVEMENTS WILL BE MADE. THERE ARE NO WARRANTIES OR GUARNANTEES EXPRESSED OR IMPLIED AS TO CONDITION OR FITNESS FOR A PARTICULAR PURPOSE OR PARTICULAR USE.<br>
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13. PURCHASER(S) ARE INFORMED THAT THE SELLERS AND LIBERTY AUCTION & REALTY ARE NOT EXPERTS OR QUALIFIED TO OFFER ANY INFORMAITON CONCERNING ENVIRONMENTAL HAZARDS, ASBESTOS HAZARDS, ETC. AND MAKE NO WARRANTY, GUARANTEE, OR STATEMENTS IN CONNECTION WITH SUCH.<br>
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14. AUCTIONEER AND BROKER ARE NOT EXPERTS IN DETERMING ENVIRONMENTAL HAZARDS AND HAZARDOUS MATERIAL. PURCHASER ACCEPTS THIS PROPERTY IN ITS PRESENT CONDITION, AGREES TO HOLD HARMLESS THE BROKER, HIS AGENTS, AND LIBERTY AUCTION & REALTY FROM ANY ENVIRONMENTAL HAZARDS AND THE COST TO DEFEND HIMSELF, HIS AGENTS, OR LIBERTY AUCTION & REALTY FROM ANY CLAIMS.<br>
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15. PURCHASER HAS HAD THE OPPORTUNITY TO INSPECT THIS PROPERTY AND WILL MAKE ALL BIDS AND PURCHASE SAID PROPERTY AS A RESULT OF THEIR INSPECTION.<br>
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16. ALL PROPERTIES SOLD BY CURRENT DEEDED DESCRIPTIONS.<br>
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17. PURCHASER(S) SHALL BE RESPONSIBLE FOR THEIR OWN LIABILITY INSURANCE AND CASUALTY INSURANCE FOR THEMSELVES AND THEIR EMPLOYEES AND AGREE TO HOLD HARMLESS LIBERTY AUCTION & REALTY AND THEIR SELLERS.<br>
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18. ALL THE BIDS WILL BE SETTLED FROM THE AUCTION STAND BY THE AUCTIONEER AND HIS DECISION WILL BE FINAL. THE AUCTIONEER HAS THE RIGHT TO RE-OPEN THE BIDDING AND PUT THE PROPERTY UP FOR SALE TO ALL BIDDERS.<br>
<br>
19. AUCTIONEER AND AUCTION STAFF RESERVE THE RIGHT TO BID OR EXECUTE ANY ABSENTEE BIDS, PHONE BIDS, OR OTHER BIDS THAT ARE TURNED IN TO THEM.<br>
<br>
20. ALL INFORMATION USED IN THE ADVERTISING AND PROMOTION OF THIS AUCTION HAS BEEN OBTAINED FROM PUBLIC RECORDS AND OTHER SOURCES DEEMED TO BE RELIABLE AND ARE TO BE TRUE AND CORRECT. NO WARRANTIES ARE MADE TO THIS EFFECT.<br>
<br>
21. ALL ANNOUNCEMENTS MADE FROM THE AUCTION STAND WILL TAKE PRECEDENCE OVER ANY PREVIOUS ANNOUNCEMENTS OR STATEMENTS.
REAL ESTATE AUCTION TERMS AND CONDITIONS<br>
<br>
<br>
1. A 10% BUYERS PREMIUM WILL BE ADDED TO THE FINAL BID TO REACH THE TOTAL SALES PRICE AND TOTAL CONTRACT PRICE FOR REAL ESTATE AND PERSONAL PROPERTY.<br>
<br>
2. PROPERTY IS SELLING 'ABSOLUTE' BY WHICH TERM IS MEANT THAT THE HIGHEST VALID BID SHALL BE ACCEPTED.<br>
<br>
3. TERMS ON REAL ESTATE ARE 20% DOWN THE DAY OF AUCTION; BALANCE DUE WITHIN 30 DAYS UPON DELIVERY OF DEED. PAYABLE BY CASH, CASHIERS CHECK, OR PERSONAL CHECK. TAXES WILL BE PRORATED.<br>
<br>
4. LEAD BASED PAINT DISCLOSURE: PURCHASER WILL BE REQUIRED TO SIGN A LEAD BASED PAINT DISCLOSURE SINCE HOUSE WAS BUILT PRIOR TO 1978, IN WHICH THEY WILL WAIVE THE OPPORTUNITY TO CONDUCT A RISK ASSESSMENT OR INSPECTION FOR THE PRESENCE OF LEAD-BASED PAINT AND/OR LEAD-BASED PAINT HAZZARDS. <br>
<br>
5. BUYER IS RESPONSIBLE FOR TITLE SEARCH, IF DESIRED. BUYER IS ALSO RESPONSIBLE FOR STATE TRANSFER TAX, RECORDING OF THE DEED, AND THEIR PORTION OF THE ATTORNEY FEES. <br>
<br>
6. LIBERTY AUCTION & REALTY AND ALL AGENTS WORKING AT THIS AUCTION ARE ACTING AS AN AGENT FOR THE SELLERS.<br>
<br>
7. ANY REAL ESTATE TERMS AND INFORMATION SUPPLIED IN THE TERMS AND CONDITIONS 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, INSPECTION, AND SHALL BID ACCORDING TO THEIR DUE DILIGECE SURVEY. <br>
<br>
8. NO ONE SHOULD MAKE A BID THAT HE/SHE DOES NOT WANT TO HONOR OR IS NOT FINANCIALLY ABLE TO HONOR. THERE IS NO CONTINGENCY IN THE CONTRACT SUBJECT TO THE PURCHASER OBTAINING LONG TERM FINANCING.<br>
<br>
9. FAILURE TO PAY THE BALANCE DUE WILL REQUIRE YOU TO FORFEIT YOUR EARNEST MONEY AND BE SUBJECT TO ALL TERMS STATED IN THE CONTRACT.<br>
<br>
10. ALL PROPERTY SELLS SUBJECT TO EXISTING EASEMENTS.<br>
<br>
11. POSSESSION OF PROPERTY WILL BE GIVEN UPON DELIVERY OF DEED.<br>
<br>
12. PROPERTY AND IMPROVEMENTS ARE BEING SOLD IN THEIR PRESENT CONDITION. NO IMPROVEMENTS WILL BE MADE. THERE ARE NO WARRANTIES OR GUARNANTEES EXPRESSED OR IMPLIED AS TO CONDITION OR FITNESS FOR A PARTICULAR PURPOSE OR PARTICULAR USE.<br>
<br>
13. PURCHASER(S) ARE INFORMED THAT THE SELLERS AND LIBERTY AUCTION & REALTY ARE NOT EXPERTS OR QUALIFIED TO OFFER ANY INFORMAITON CONCERNING ENVIRONMENTAL HAZARDS, ASBESTOS HAZARDS, ETC. AND MAKE NO WARRANTY, GUARANTEE, OR STATEMENTS IN CONNECTION WITH SUCH.<br>
<br>
14. AUCTIONEER AND BROKER ARE NOT EXPERTS IN DETERMING ENVIRONMENTAL HAZARDS AND HAZARDOUS MATERIAL. PURCHASER ACCEPTS THIS PROPERTY IN ITS PRESENT CONDITION, AGREES TO HOLD HARMLESS THE BROKER, HIS AGENTS, AND LIBERTY AUCTION & REALTY FROM ANY ENVIRONMENTAL HAZARDS AND THE COST TO DEFEND HIMSELF, HIS AGENTS, OR LIBERTY AUCTION & REALTY FROM ANY CLAIMS.<br>
<br>
15. PURCHASER HAS HAD THE OPPORTUNITY TO INSPECT THIS PROPERTY AND WILL MAKE ALL BIDS AND PURCHASE SAID PROPERTY AS A RESULT OF THEIR INSPECTION.<br>
<br>
16. ALL PROPERTIES SOLD BY CURRENT DEEDED DESCRIPTIONS.<br>
<br>
17. PURCHASER(S) SHALL BE RESPONSIBLE FOR THEIR OWN LIABILITY INSURANCE AND CASUALTY INSURANCE FOR THEMSELVES AND THEIR EMPLOYEES AND AGREE TO HOLD HARMLESS LIBERTY AUCTION & REALTY AND THEIR SELLERS.<br>
<br>
18. ALL THE BIDS WILL BE SETTLED FROM THE AUCTION STAND BY THE AUCTIONEER AND HIS DECISION WILL BE FINAL. THE AUCTIONEER HAS THE RIGHT TO RE-OPEN THE BIDDING AND PUT THE PROPERTY UP FOR SALE TO ALL BIDDERS.<br>
<br>
19. AUCTIONEER AND AUCTION STAFF RESERVE THE RIGHT TO BID OR EXECUTE ANY ABSENTEE BIDS, PHONE BIDS, OR OTHER BIDS THAT ARE TURNED IN TO THEM.<br>
<br>
20. ALL INFORMATION USED IN THE ADVERTISING AND PROMOTION OF THIS AUCTION HAS BEEN OBTAINED FROM PUBLIC RECORDS AND OTHER SOURCES DEEMED TO BE RELIABLE AND ARE TO BE TRUE AND CORRECT. NO WARRANTIES ARE MADE TO THIS EFFECT.<br>
<br>
21. ALL ANNOUNCEMENTS MADE FROM THE AUCTION STAND WILL TAKE PRECEDENCE OVER ANY PREVIOUS ANNOUNCEMENTS OR STATEMENTS.