Name KNOX COUNTY INDUSTRIAL PROPERTY AUCTION
Auctioneer Powell Auction & Realty, LLC
Type Online-Only Auction
Date(s) 3/1/2021 - 3/11/2021
THURSDAY MARCH 11TH @ 12:00 NOON
Preview Date/Time ANYTIME
Checkout Date/Time IF YOU ARE THE WINNING BIDDER, YOU WILL RECEIVE AN EMAIL. PLEASE READ TERMS.
Location ONLINE ONLY Trebor Lane
Knoxville, TN 37914
Buyer Premium .
Description
Knox County Surplus Industrial Property Auction Online Only Bidding Bidding Starts Closing March 11 @ 12 Noon Trebor Lane 6.5 Acres located in Forks of the River Industrial Park Beside Champion Safe Co Mapping and Detail at bottom of page Terms. 10% deposit day of sale closing 20 day from Knox County approval. Knox County will furnish deed. Title report and title insurance will be responsibility of buyer to obtain. Property taxes will start after property closes. Sale is not contingent on financing. A 5% buyers premium will be added to final bid to establish total contract sales price.
Auction Terms & Conditions Terms: The successful high bidder on this property will be required to sign the Real Estate Sales Contract, Terms & Conditions and any other documents needed, immediately upon conclusion of the bidding and will make an earnest money deposit of ten percent (10%) of the sales price. A Five percent (5%) buyer’s premium will be added to the high bid to establish the total sales price. US currency cash or approved check. The balance is to be paid in full at the deed closing, 30 days after Knox County Commission approval. Property taxes to start at closing for the buyer. Seller to provide deed. Buyer is responsible for title opinion, title insurance & recording fees. Buyer is responsible for HOA requirements, transfer fees, membership fees, if applicable. Buyer is to obtain his/her own financing. The contract will not be contingent upon financing, inspections or any other contingencies. Sale is subject to Knox County Commission approval. 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. Powell Auction reserves the right to withdraw, without notice, any items in the auction at any time. Terms are subject to change. ONLINE Auction Terms: Thank you for participating in this Powell Auction & Realty LLC Online Auction. It is important that you familiarize yourself with these terms & conditions of Sale. If you do not agree with any of the terms and conditions stated, DO NOT BID. You will be bound by these terms and conditions. Good luck and good bidding. Agent/Auctioneer may withdraw, extend, or rearrange any property and or item(s) at their sole discretion at any time, without notice and will not be liable for any computer, internet or website malfunctions. Bidding may extend, if bids are placed within the last minute, to prevent bid sniping. 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. Payment must be made within 48 Hrs after being contacted by Powell Auction & Realty LLC. All properties are sold “AS IS, WHERE IS and WITH ALL FAULTS”, without any warranties expressed or implied or guarantees of any kind. Agent 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. We do not approve any international bidding. It is up to the auctioneer to approve or disapprove bidders. Soft Closing : The Auctioneer’s online auctions are designed to mimic traditional “live” auction. For this reason, The Soft close will allow extended bidding until no bids are placed for one minute. 10% Buyers Premium is added to all bids to establish total purchase price. If a bid is placed within last two minutes additional minute will be added to ensure everyone gets time to place their bid. New Bidders, please Pre-Register, we will have to approve you to Bid! --------------------------------------------- ------------------------------------------ Terms Of Use

Seller User Terms

Bidder User Terms
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 500.00 USD
Currency USD
Buyer Premium .
Payment Terms
If you are winning bidder you will receive contract with further instructions. Come by Powell Auction to pay the 10% down or overnight it if you are out of state.