ABSOLUTE AUCTION HIGHLAND SPRINGS
15 Scenic Home Sites
Between Sevierville & Maryville TN Near Seymour
Picturesque Country Setting
Near Smoky Mtns With Great Views
Paved & Curbed Streets * Utility Water * Underground Elec
Attractive Neighborhood w/Nice Homes
Buy The Best Now @ Absolute Auction Prices
Lots that will be selling Absolute:
19, 29, 30, 31, 32, 36, 37, 38, 39, 44, 47, 48, 49, 50, 51
LIVE AUCTION TERMS REAL ESTATE: 10% Deposit day of sale, balance due at closing within 30 days. All successful bidders will be required to sign a note for the deposit amount with the contract, in addition to deposit paid day of sale. Note shall become null and void when buyer shall complete all requirements for closing as set out in their contract. <br>
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Online Bidding Terms:<br>
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BIDDING WILL BEGIN AND CONCLUDE WITH LIVE SIMULCAST EVENT ON AUGUST 17TH BEGINNING AT 10:30 AM EST. BY PLACING INTERNET BIDS ONLINE, YOU AUTHORIZE McCarter Auction Inc OR ITS AFFILIATES TO IMPLEMENT YOUR BIDS AT THE LIVE AUCTION.<br>
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THE FINAL SALE OF PROPERTIES USING INTERNET BIDS AND LIVE ONSITE BIDS WILL DETERMINE THE WINNING BIDDERS OF PROPERTIES AS ADVERTISED.<br>
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Auction Sales Contract & Promissory Note Package: Auction Sales Contract & Promissory Note Package will be sent by e-mail from McCarter Auction Inc to the successful bidder, who must execute and fax or email back to McCarter Auction Inc within 48 hours of receipt. Successful bidders not executing and returning their contract & promissory note with earnest money deposit (10% non refundable deposit of total purchase price (certified funds or wire) made payable to McCarter Auction Inc) within 48 hours of receipt will be considered in default and subject to an Administrative Fee (as defined below). All Administrative Fees are non-refundable. The entirety of the remaining balance is due at closing. Purchaser shall be responsible for all wire transfer fees and closing fees as set out in Auction Sales Contract and Auction Statement of Sale.<br>
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Auction Administrative Fee: In the event a winning bidder fails to submit the signed “Auction Sales Contract,” signed “Promissory Note,” and deposit earnest money as provided in the pre-stipulated Auction Terms, the winning bidder will be charged an administrative fee of $2,500.00 on the credit card provided at auction registration. Additional default remedies are reserved by McCarter Auction Inc and the Seller as provided in the Auction Statement of Sale, the Auction Sales Contract and the Promissory Note. All Administrative Fees are non-refundable.<br>
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AUCTION SALES CONTRACT, PROMISSORY NOTE, and STATEMENT OF SALE: Each property is offered under specific terms provided in the auction sales contract, promissory note, and statement of sale. The Auction Sales Contract, Promissory Note, Statement of Sale are available at www.mccarterauction.com in the “View Documents” section of this auction website. Please read and review the contract, promissory note, and statement of sale thoroughly prior to bidding on any property. If you have not read and reviewed the Auction Sales Contract, Promissory Note, Statement of Sale and all other materials available plus completed your own “due diligence” to satisfy all questions, please Do Not Bid!<br>
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Buyer’s Premium: A 10% buyer’s premium will be added to the bid price on all properties to determine the final contract price.<br>
<br>
McCarter Auction Inc has the sole authority to resolve any bidding disputes as they may arise.<br>
<br>
McCarter Auction Inc is providing internet/online bidding as a service to Bidder. Bidder acknowledges and understands that this service may or may not function correctly the ending day of the auction. Under no circumstances shall Bidder have any kind of claim against McCarter Auction Inc or anyone else if the internet service fails to work correctly before or during the ending of the auction. McCarter Auction Inc will not be responsible for any missed bids from any source. <br>
<br>
If you have questions please call us 1-877-282-8467<br>
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MULTI-PAR AUCTION METHOD<br>
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With the multi-par you select the lots you wish to purchase and bid on them, first by the lot and then in any combination(s). <br>
<br>
After a price has been established for all individual lots, any bidder may add to the total amount bid on any lots in the preset dollar amount established at the beginning of the auction or as new bids are posted.<br>
<br>
If no advance of bid is made within a specified time frame, then the lots will be announced sold.<br>
<br>
There will be open bidding on the individual lots, lot combinations and the whole property as determined by the Auctioneer. Bids on the lots, lot combinations and/or the total property may compete. The Multi-Parcel (multi-par) auction method allows the buyer to maintain control of any lots throughout the auction, regardless of the combination of the lots.<br>
<br>
ADVANTAGE OF THE MULTI-PAR METHOD<br>
<br>
&#61550; No one is knocked out of bidding at any time.<br>
&#61550; You may combine any or all lots in any grouping throughout the entire auction as well as post new bids on any single lot bid or combination bids already posted.<br>
&#61550; At any time you can look at the lots displayed on large board and see the high bid and whether you have control of that lot.<br>
&#61550; Since everyone who is participating in the auction event can choose which property they want to buy and the price is set by the bidder, everyone has the same opportunity to buy regardless of the other bidders possible wealth or bidding strength.<br>
<br>
HELPING BIDDING TIPS<br>
<br>
&#61550; Bid on only the lots that you want to own. If you only want a single lot then bid when it is available. If you want multiple lots or none at all then bid when combination of lots are permitted. Remember any bid posted is considered active and could be back in winning position any time during the auction.<br>
&#61550; Don’t wait to bid at the end…prices don’t go down. Waiting only invites more people to jump in at the last moment. Remember, it’s better to defend your position then to take it from someone else. <br>
&#61550; Prior to the auction determine your buying strategy. Determine what you want to buy and how much you can spend. Use the auction floor personnel to help you with the math during the auction event.
<br>
<br>
Online Bidding Terms:<br>
<br>
BIDDING WILL BEGIN AND CONCLUDE WITH LIVE SIMULCAST EVENT ON AUGUST 17TH BEGINNING AT 10:30 AM EST. BY PLACING INTERNET BIDS ONLINE, YOU AUTHORIZE McCarter Auction Inc OR ITS AFFILIATES TO IMPLEMENT YOUR BIDS AT THE LIVE AUCTION.<br>
<br>
THE FINAL SALE OF PROPERTIES USING INTERNET BIDS AND LIVE ONSITE BIDS WILL DETERMINE THE WINNING BIDDERS OF PROPERTIES AS ADVERTISED.<br>
<br>
Auction Sales Contract & Promissory Note Package: Auction Sales Contract & Promissory Note Package will be sent by e-mail from McCarter Auction Inc to the successful bidder, who must execute and fax or email back to McCarter Auction Inc within 48 hours of receipt. Successful bidders not executing and returning their contract & promissory note with earnest money deposit (10% non refundable deposit of total purchase price (certified funds or wire) made payable to McCarter Auction Inc) within 48 hours of receipt will be considered in default and subject to an Administrative Fee (as defined below). All Administrative Fees are non-refundable. The entirety of the remaining balance is due at closing. Purchaser shall be responsible for all wire transfer fees and closing fees as set out in Auction Sales Contract and Auction Statement of Sale.<br>
<br>
Auction Administrative Fee: In the event a winning bidder fails to submit the signed “Auction Sales Contract,” signed “Promissory Note,” and deposit earnest money as provided in the pre-stipulated Auction Terms, the winning bidder will be charged an administrative fee of $2,500.00 on the credit card provided at auction registration. Additional default remedies are reserved by McCarter Auction Inc and the Seller as provided in the Auction Statement of Sale, the Auction Sales Contract and the Promissory Note. All Administrative Fees are non-refundable.<br>
<br>
AUCTION SALES CONTRACT, PROMISSORY NOTE, and STATEMENT OF SALE: Each property is offered under specific terms provided in the auction sales contract, promissory note, and statement of sale. The Auction Sales Contract, Promissory Note, Statement of Sale are available at www.mccarterauction.com in the “View Documents” section of this auction website. Please read and review the contract, promissory note, and statement of sale thoroughly prior to bidding on any property. If you have not read and reviewed the Auction Sales Contract, Promissory Note, Statement of Sale and all other materials available plus completed your own “due diligence” to satisfy all questions, please Do Not Bid!<br>
<br>
Buyer’s Premium: A 10% buyer’s premium will be added to the bid price on all properties to determine the final contract price.<br>
<br>
McCarter Auction Inc has the sole authority to resolve any bidding disputes as they may arise.<br>
<br>
McCarter Auction Inc is providing internet/online bidding as a service to Bidder. Bidder acknowledges and understands that this service may or may not function correctly the ending day of the auction. Under no circumstances shall Bidder have any kind of claim against McCarter Auction Inc or anyone else if the internet service fails to work correctly before or during the ending of the auction. McCarter Auction Inc will not be responsible for any missed bids from any source. <br>
<br>
If you have questions please call us 1-877-282-8467<br>
<br>
<br>
MULTI-PAR AUCTION METHOD<br>
<br>
With the multi-par you select the lots you wish to purchase and bid on them, first by the lot and then in any combination(s). <br>
<br>
After a price has been established for all individual lots, any bidder may add to the total amount bid on any lots in the preset dollar amount established at the beginning of the auction or as new bids are posted.<br>
<br>
If no advance of bid is made within a specified time frame, then the lots will be announced sold.<br>
<br>
There will be open bidding on the individual lots, lot combinations and the whole property as determined by the Auctioneer. Bids on the lots, lot combinations and/or the total property may compete. The Multi-Parcel (multi-par) auction method allows the buyer to maintain control of any lots throughout the auction, regardless of the combination of the lots.<br>
<br>
ADVANTAGE OF THE MULTI-PAR METHOD<br>
<br>
&#61550; No one is knocked out of bidding at any time.<br>
&#61550; You may combine any or all lots in any grouping throughout the entire auction as well as post new bids on any single lot bid or combination bids already posted.<br>
&#61550; At any time you can look at the lots displayed on large board and see the high bid and whether you have control of that lot.<br>
&#61550; Since everyone who is participating in the auction event can choose which property they want to buy and the price is set by the bidder, everyone has the same opportunity to buy regardless of the other bidders possible wealth or bidding strength.<br>
<br>
HELPING BIDDING TIPS<br>
<br>
&#61550; Bid on only the lots that you want to own. If you only want a single lot then bid when it is available. If you want multiple lots or none at all then bid when combination of lots are permitted. Remember any bid posted is considered active and could be back in winning position any time during the auction.<br>
&#61550; Don’t wait to bid at the end…prices don’t go down. Waiting only invites more people to jump in at the last moment. Remember, it’s better to defend your position then to take it from someone else. <br>
&#61550; Prior to the auction determine your buying strategy. Determine what you want to buy and how much you can spend. Use the auction floor personnel to help you with the math during the auction event.
Overview
Under Contract: Yes