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 Saturday, May 12th, at 12:00 noon CST, the property located at 8209 Penn Way Court Franklin Tennessee 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 to bid, a $50,000 certified check made payable to the bidder will be required. A ten percent (10%) earnest money down payment will be due immediately after being declared the buyer. The registration fee is applied against the ten percent down payment. The balance 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. 2012 property taxes will be pro-rated @ closing. VIEWING & INSPECTION: The property will be open and available for viewing and inspection on auction day Saturday, May 12th, starting at 10:00 a.m. CST. 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. Viewing and Inspection appointments can be arranged for qualified families prior to auction date by scheduling an appointment at least twenty-four (24) hours in advance, with Michele Gobbell @ (615) 479-4826. To qualify, please provide a “Letter of Credit” or “Letter of Pre-Qualification” from your financial Institution.
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 18.9 miles to Exit # 61 and left on Peytonsville Rd, three miles to left into Brandon Park Downs…The
property will be on the right at 8209 Penn Way Court Franklin Tennessee 37064 BROKER PARTICIPATION: RealtyTrust Auctioneers, LLC agrees to pay one percent (1%) of the final winning bid price, to any properly licensed Buyer Broker who registers a successful buyer according to the Buyer Broker Referral guidelines. To obtain these guidelines, please visit our website at www.RealtyTrustAuctions.com and simply click on REGISTATION at the top of the page.
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.