Auction Information WHY AN AUCTION? The seller has determined that the most cost-effective method of selling this luxury property on a timely basis is to offer it for sale through the accelerated marketing process. Accelerated marketing allows the seller to avoid the costs and length of time associated with a conventional marketing program, while creating competition and ensuring a fair market value for the property. Therefore, the auction will be your only opportunity to purchase this grand estate at your own price. OFFERING METHOD AND REMOTE BIDDING: On Thursday, June 30th, at 4:00 pm CST, the property located at 13 Colonel Winstead Drive, Brentwood Tennessee 37027 will be auctioned. Live on-site bidding will be held at the house. Phone or absentee remote bidding arrangements can be made for those interested parties who will not be able to attend. AUCTION REGISTRATION AND TERMS: You can register to bid the day of the auction event…on-site. Simply come a few minutes early and our staff will gladly get you registered and provide you with a bid paddle. To register you will need a cashier check made out to yourself for $100,000.00. A ten percent (10%) down payment will be due immediately after being declared the buyer. The registration fee will be applied against the ten percent down payment. The balance of the purchase price is due in cash at closing within thirty (30) days. It is recommended that you secure all financial arrangement prior to the auction, as the Purchase and Sale Agreement does not provide for contingencies of any kind. The Seller will provide at closing a General Warranty Deed, ensuring the property is free and clear of all liens and encumbrances, the title is guaranteed to be fee simple and insurable. 2011 property taxes will be pro-rated @ closing. VIEWING & INSPECTION: An auction representative will be available by appointment beginning Friday, June 22nd through Wednesday, June 29th from 10:00 am to 5:00 pm for a private preview. To preview the property prior to the auction day, a letter of performance will be required from your banker. The property will also be open and available for viewing and inspection on auction day Thursday, June 30th, starting at 12:00 noon CST until 3:30 pm. It is recommended that anyone wishing to have the property inspected by a professional, make the necessary arrangements and appointments to get those professionals to the property at the above viewing and inspection times. RealtyTrust Auctioneers have provided an extensive website that includes photo galleries, visual tours, floor plans and rendering that are designed to help you complete your due diligence…www.RealtyTrustAuctions.com
BUYER’S PREMIUM: A five percent (5%) Buyer’s Premium will be added to the winning bid price for the property to arrive at the total contract price paid by the purchaser(s). DRIVING DIRECTION: From Nashville International Airport (BNA): Exit the airport and take I-40 West, continue for 3.2 miles to exit #213A toward I-440, merging on to I-440 via Exit 53, continuing 2.6 miles, merging onto I-65 South via Exit #5 and continuing 9.0 miles to Exit # 71 TN-253/Concord Rd (toward Brentwood), turn left onto Concord Rd/TN-253 and go approx 3.9 miles to The Governors Club. The entry to The Governors Club will be on the right. Guard at gate will direct you to the property at 13 Colonel Winstead Dr, Brentwood, TN 37027.
Nashville’s #1 Luxury Real Estate Auction Company… RealtyTrust Auctioneers, LLC is the Selling Agent only. Any announcements made on-site on auction day will supersede any oral or written statements made prior to that time. It is the responsibility of the buyer to determine the accuracy of all information, measurements and specifications of property.