Real Estate: 10% buyer's premium added to final bid price. Property sold AS-IS. 10% deposit required within 24 hours of sale's conclusion . closing in 30 days or less. Be sure you are willing to follow through with the purchase if you bid on the real estate. *If you are the top bidder, you will be expected to perform. DeLozier Auctions reserves the right to use whatever means is necessary in accordance to Tennessee Law for performing on a contract.* Homes built prior to 1978 may contain lead-based paint. There is extended bidding on the real estate. For instance, if home gets a bid at 1:59PM day of closing, the new closing time will be 2:04pm. Bidding will extend 5 minutes if there is a bid within the last 5 minutes of the auction. Once all bidding is exhausted and no more bids are received, then the time will tick down and the auction will close. This closely mimics a live sale. TIMED BIDDING ON ALL PROPERTIES IN THIS SALE WILL EXTEND IF THE BIDDING ON ANY ONE OF THEM IS EXTENDED. If you don't understand the terms of the auction, call us at 865-681-7797 and we can explain them to you. If you don't agree with the terms or don't trust the system, THEN DON'T BID! It's that simple. Items not picked up from the auction and remain at the residence at closing become possession and responsibility of the new homeowner. Thank you, and Happy Bidding!!
