Auction Information - 311 N. Margin St.

Auction Information WHY AN AUCTION? The seller has determined that the most cost-effective method of selling this 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 property at your price. OFFERING METHOD AND REMOTE BIDDING: On Thursday, May 5 th , at 12:00 noon CST, the property located at 311 N. Margin Street Franklin Tennessee will be auctioned. Live on-site bidding will be held at the property. This offering has no set reserve or minimum bid, but will be selling subject to owner confirmation. 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. A ten percent (10%) earnest money down payment will be due immediately after being declared the buyer (cashiers check is not required). 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. 2011 property taxes will be pro-rated @ closing. VIEWING & INSPECTION: The property will be open and available for viewing and inspection on auction day Thursday, May 5 th , starting at 10:00 a.m. CST. It is recommended that anyone wishing to have the

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Auction Information - 311 N. Margin St

Transcript of Auction Information - 311 N. Margin St.

Auction Information

WHY AN AUCTION?The seller has determined that the most cost-effective method of selling this 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 property at your price.

OFFERING METHOD AND REMOTE BIDDING:On Thursday, May 5th, at 12:00 noon CST, the property located at 311 N. Margin Street Franklin Tennessee will be auctioned. Live on-site bidding will be held at the property. This offering has no set reserve or minimum bid, but will be selling subject to owner confirmation.

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. A ten percent (10%) earnest money down payment will be due immediately after being declared the buyer (cashiers check is not required). 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. 2011 property taxes will be pro-rated @ closing.

VIEWING & INSPECTION:The property will be open and available for viewing and inspection on auction day Thursday, May 5th, 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 is 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 Franklin’s downtown public square: Take 3rd Avenue West two blocks to N. Margin St., and turn left …The property will be on the left

Nashville’s #1 Commercial Real Estate Auction Company…

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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.