ESTATE AUCTION: 9 Investment Properties - SELLING ABSOLUTE! - Single Family Homes and Triplex

Commercial Auction in S. Bilbro Avenue & 422 Burton St, Murfreesboro Tennessee, United States

09 Thursday
09th July, 2020
Comas Montgomery Realty & Auction Co., Inc.

ESTATE AUCTION: 9 Investment Properties - SELLING ABSOLUTE! - Single Family Homes and Triplex

Commercial Auction in S. Bilbro Avenue & 422 Burton St, Murfreesboro Tennessee, United States

Thursday at - 09th July , 2020

Notes

BID NOW ONLINE ONLY Until Thursday Evening, July 9th, 2020 @ 7:00 PM<br/><hr/>Real Estate Terms: Please Review All Online Terms Prior To Bidding. This sale has an auto-extend feature. 10% Buyers Premium added to the final bid price to determine final selling price. 10% down day of sale and balance due at closing. Must close on the property(s) within 45 days after the auction. Property information believed to be accurate but not guaranteed. Buyer should independently verify all information prior to bidding. Any house built prior to 1978 may contain lead-based paint. Any prospective buyer has 10 days prior to auction to complete any inspections. Announcements made day of sale take precedence over any previous advertising. SPECIAL TERMS: No proration of rent or transfer of deposits on all 9 properties. 1. Bidding Increments: Each Comas Montgomery Realty & Auction Company Inc. auction may have different bidding increments. The software will calculate the next bid amount before submitting the bid. 2. Agency: Comas Montgomery Realty & Auction Co., Inc., Agents and Representatives are agents of the Seller. 3. Buyer's Premium: There will be a ten percent (10%) Buyer’s Premium added to final bid price to determine the final selling price of the auction lot. 4. Auction Ending: Comas Montgomery Realty & Auction Co., Inc. Online Auctions are timed events and all bidding will close at a specified time. Comas Montgomery Realty & Auction Co., Inc. Online Auctions also have an auto-extend feature. Any bid placed in the final TWO (2) minutes of an auction, the auction ending will be automatically extended TWO (2) minutes from the time the bid was placed. Example: If an auction is scheduled to close at 7:00 receives a bid at 6:59, the close time will automatically extend 7:02. The auto extend feature remains active until no further bids are received within a TWO (2) minute time frame. 5. Time Increase or Decrease: Comas Montgomery Realty & Auction Co., Inc. may increase or decrease the extended time amount at any time during the auction until the close of bidding. 6. Outbid Notification: Until the auction begins to close, the bidding software will notify bidders by email when they have been outbid. Due to varying internet connections/speed, please place a max bid or constantly monitor the auction at close of bidding. Sometimes email notifications can be delayed. 7. Property Information & Inspection: Comas Montgomery Realty & Auction Co., Inc. is not responsible for any missing or incorrect listing information. Comas Montgomery Realty & Auction Co., Inc. has attempted to provide accurate descriptions. However, it is the bidder's responsibility to conduct any inspections to determine the condition and feasibility of the bidder’s intended use. Descriptions that are provided by Comas Montgomery Realty & Auction Co., Inc. are provided in good faith and are matters of opinion. 8. Auctioneer's Discretion: Comas Montgomery Realty & Auction Co., Inc. has full discretion to modify the date and time, order, and details of the auction for any reason or no reason at all, including but not limited to technical issues, emergencies, and convenience of Comas Montgomery Realty & Auction Co., Inc. or the seller. Comas Montgomery Realty & Auction Co., Inc. reserves the right to modify, change, or remove usernames at any time. 9. Server & Software Technical Issues: In the event that there are technical difficulties related to the server, software or any other online auction-related technologies, Comas Montgomery Realty & Auction Co., Inc. reserves the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software nor Comas Montgomery Realty & Auction Co., Inc. shall be held responsible for a missed bid or the failure of the software to function properly for any reason. Email notifications may be sent to registered bidders with updated information as deemed necessary by Comas Montgomery Realty & Auction Co., Inc. 10. Terms: 10% OF THE FINAL BID PRICE REQUIRED as non-refundable earnest money in the form of a certified check, cash or wire transfer within 24 hour of the close of auction, with the balance of purchase price due at closing. Purchaser shall be responsible for all wire transfer fees. Closing will be as specified in the Contract for Sale of Real Estate. This online only auction is a CASH SALE not contingent on or subject to financing, appraisal, survey or inspections of any kind, as agreed to by Bidder and or Buyers at registration prior to bidding and specified in the Contract for Sale of Real Estate under “files” sections of the webpage. 11. Contract For Sale Of Real Estate: The contract is required to be fully and correctly completed, WITHOUT any modifications and properly signed within 24 hours of the close of auction. 12. Closing: Property is to be closed within 45 days after the auction. NO EXTENTIONS. Be prepared to close. 13. Closing Costs: Seller and Buyer shall pay a closing fee and document preparation fee. Seller shall also pay for any costs incurred by Comas Montgomery Realty & Auction Company, Inc., as agreed upon in the EXCLUSIVE AUCTION CONTRACT OF EMPLOYMENT. Seller shall pay no closing costs for Buyer, including any lender's fees or recording fees unless otherwise agreed to in this Contract. 14. Property Condition: Buyer specifically acknowledges herein that the property is being purchased "AS IS" with all faults and that neither the Seller nor Comas Montgomery Realty & Auction Company, Inc., makes any warranties or representations, express or implied, as to the habitability, condition, square footage, acreage or boundary lines of the real property conveyed herein. Seller is NOT responsible for any repairs. 15. Hold Harmless: Buyer and or Bidder agrees to hold harmless and indemnify Comas Montgomery Realty & Auction Co., Inc. and its Agents, Owners, Directors, Employees and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc. 16. Disputes: Any dispute between Comas Montgomery Realty & Auction Co., Inc., its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Rutherford County, Tennessee. By bidding on any item, buyer agrees to all terms and conditions set forth. EACH PARTY HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES (TO THE EXTENT PERMITTED BY APPLICABLE LAW) ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY OF ANY DISPUTE ARISING UNDER OR RELATING TO THIS AGREEMENT AND AGREES THAT ANY SUCH DISPUTE SHALL BE TRIED BEFORE A JUDGE SITTING WITHOUT A JURY. 17. Auction Bidder and/or Buyer Default: Successful Bidder and or Buyer not executing and returning the contract with earnest money deposit within 24 hours of the conclusion of the auction will be considered in default. In the event a winning Bidder and or Buyer fails to submit the signed Contract for Sale of Real Estate and earnest money deposit, the winning Bidder and or Buyer shall pay to Comas Montgomery Realty & Auction Company, Inc., as damages, an amount equal to the Buyer's premium or commission percentage, as set forth in said Contract, and any and all expenses incurred by the said Comas Montgomery Realty & Auction Company, Inc., for said auction. Should Buyer's earnest money check be returned for any reason whatsoever, this shall constitute an item of default, and in addition to the remedies previously stated hereinabove, Buyer shall also pay an additional penalty of five percent (5%) of the earnest money check to Comas Montgomery Realty & Auction Company, Inc. Buyer shall also pay a reasonable attorney's fee and costs incurred in the collection of these monies owed by Buyer as a result of Buyer's default. Buyer shall also pay the Seller any damages caused by said breach of contract, including attorney's fees and costs. This shall not preclude the Seller from suing for specific performance of the Contract of Sale, in addition to said damages. It is specifically understood and agreed by and between the Seller and Comas Montgomery Realty & Auction Company, Inc., that in the event the Buyer should default in the terms of this Contract in any manner whatsoever, that the earnest money, or sufficient sums therefore, shall be paid first to the agent for the Buyer's premium or commission percentage, and the balance, if any, to the Seller. Any disputes will be tried in a court of jurisdiction in Rutherford County, Tennessee. Comas Montgomery Realty & Auction Co., Inc. reserves the right to sell to the next highest qualified Bidder and or Buyer in the event the successful high Bidder and or Buyer does not comply with the terms of the sale. By bidding on the property, buyer agrees to all terms and conditions set forth. The contract is required to be fully and correctly completed, without any modifications and properly signed. A contract that is incomplete, incorrect, or modified in any respect, is considered to be in default. 18. Auction Cancellation – Bid Rejection: Comas Montgomery Realty & Auction Co., Inc. reserves the right to reject any and all bids for any reason. Comas Montgomery Realty & Auction Co., Inc. reserves the right to cancel this auction, or remove any item or lot from this auction prior to the close of bidding even if a bid has been placed. 19. Acceptance of Bid Prices: ALL BIDS ARE SUBJECT TO SELLER CONFIRMATION UNLESS NOTED AS ABSOLUTE. The auctioneer and/or Seller shall make the sole and final decision as to the winning high bid amount. Acceptance by the online bidding platform does not necessarily constitute an accepted bid by the auctioneer. Successful Bidder and or Buyer(s) will be required to enter into a purchase agreement immediately following the close of the auction. Comas Montgomery Realty & Auction Co., Inc. will e-mail documents to be executed and fax or e-mail

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Auction Items For Sale

ESTATE AUCTION featuring
9 INVESTMENT PROPERTIES - SELLING ABSOLUTE!
SINGLE FAMILY HOMES and TRIPLEX
CLOSE TO MTSU!

South Bilbro Avenue & 
Triplex at 422 Burton Street 
in Murfreesboro, Tennessee
"The Estate of Frank Fly"

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BID NOW ONLINE ONLY Until
Thursday Evening, July 9th, 2020 @ 7:00 PM

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216 S. Bilbro Ave - 3 BR, 1 BA Investment Home with Carport


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217 S. Bilbro Ave - 2 BR, 1 BA Investment Home


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219 S. Bilbro Ave. - 2 BR, 1 BA Investment Home


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221 S. Bilbro Ave - 2 BR, 1 BA Investment Home


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222 S. Bilbro Ave - 3 BR, 1 BA Investment Home with Central Heat & Air


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223 S. Bilbro Ave - 2 BR, 1 BA Investment Home with Garage



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225 S. Bilbro Ave - 3 BR, 1 BA Investment Home with Detached Garage



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226 S. Bilbro Ave - 3 BR, 1 BA Investment Home with 2-Car Garage

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422 Burton St. - Triplex with Two 1 BR Units and One 3 BR Unit

Directions to S. Bilbro Ave: From I-24 take exit 81 towards Murfreesboro (Church St.) turn right on E. Main St. right on Bilbro.
Directions to Burton St: From I-24 take exit 81 towards Murfreesboro (Church St.) go past Courthouse Sq. onto N. Church St. Turn right onto E. Burton. House is on the right. 

PREVIEW: Monday, July 6th from 5-6 PM.

AUCTIONEERS:
Charlie Montgomery (615) 308-4487
Spencer Montgomery (615) 785-7136
(615) 895-0078


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