1515 Baileyton Road – Greeneville, TN 37745 | Chancery Court Estate Auction – Real Estate & Personal Property

Personal Property Terms: 10% Buyers Premium added to final bid to establish final contract sales price. Cash or good check with valid ID. Cash, certified check or approved check. 

Real Estate Terms:
The property is sold “as is”, with no warranties and with no representations being made as to the state of the title or the accuracy of the legal description of the realty and “subject to the confirmation of Greene County Chancery Court”, as well as subject to all rights-of-way and easements, applicable building/zoning regulations, any restrictive covenants/restrictions, and any defects including structural defects and/or contamination, if any, which may exist. Further, announcements made day of sale take precedence.

Said disclaimers are further reflected in the subject PURCHASE AGREEMENT,  as “Exhibit B” and incorporated herein by reference.

The Clerk and Master and/or the Auction Company will collect a deposit of, at least, ten percent (10%) of the sale proceeds from said highest bidder(s) and currently maintains said proceeds, pending depositing same into the Registry of this Court. NO BUYER’S PREMIUM WILL BE ADDED TO THE HIGH BID. Said highest bidder(s) shall deposit the balance of the purchase price into the Registry of this Court within thirty (30) days from said sale date.

The successful high bidder on this property will be required to sign the Real Estate Sales Contract, Terms & Conditions and any other documents needed, upon conclusion of the bidding and will make a deposit of ten percent (10%) of the sales price the day of the sale. US currency cash or approved check. The balance is to be paid in full within 30 days of the auction date. By bidding you are entering into a binding agreement. Sale is subject to confirmation by the Greene County Chancery Court.

Seller to provide a Special Commissioner Deed. Buyer is responsible for recording the deed & any recording fees. Buyer is responsible for HOA requirements, transfer fees, membership fees, if applicable. Current year county/city ad valorem property taxes shall be prorated from the entry of the order confirming the sale. Sale is subject to confirmation of Greene County Chancery Court.

Sale participants are subject to the jurisdiction of the Chancery Court for Greene County, Tennessee.

Place of Execution; Governing Law; Venue –
PURCHASE AGREEMENT/SALE CONTRACT shall be deemed to be executed in Greene County, State of Tennessee, regardless of Powell Auction & Realty, LLC’s domicile, and shall be interpreted and construed in accordance with the laws of the State of Tennessee. The parties agree that the venue for any and all claims between the parties arising from this Agreement/Contract shall be in the state Federal courts of Tennessee and for Greene County, Tennessee.

The contract will not be contingent upon financing, inspections or any other contingencies.

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. Tennessee Residential Property Exemption and Lead-Based Paint Waiver will be part of the sales contract. Any remaining personal property will be conveyed at delivery of Special Commissioner Deed. ***Powell Auction reserves the right to withdraw, without notice, any items in the auction at any time.***

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 hours 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.

New Bidders, please Pre-Register, we will have to approve you to Bid!