Multi-Property Real Estate Auction – Chattanooga, TN – February 4th, 2016

On Thursday, February 4th at 6:30 pm, John Dixon & Associates’ Tennessee office will be auctioning the late Joe Sliger’s estate of properties.
The Auction is being held at the Mountain City Club located at 729 Chestnut Street, Chattanooga, TN 37402.

10% Buyer’s Premium. Tennessee Auction License #3945.

Inventory includes many sought-after homes in the North Chattanooga area in addition to well-located commercial properties.

Auction is for division among heirs; highly motivated sellers offer a once in a lifetime opportunity.

Seller Financing available. Call Henry Glascock directly at 423-991-7221 for additional information.

CLICK HERE for a printable/downloadable Property Information Package.

Below is the list of the properties; photos, tax cards and street maps can be seen by clicking the appropriate field in the table below.

Scroll down past the property list to view the interactive Google Map of all the properties, Auction Terms and Conditions, a summary of the leases and the disclaimer.

LOCATION MAP: (note, if the map won’t load, click here)

Click here to view a summary of the property leases.

Auction Terms and Conditions

AUCTION LOCATION: The auction will be held at 6:30 pm on Thursday, February 4^th at the Mountain City Club located at 729 Chestnut Street, Chattanooga, TN 37402.

INSPECTION: John Dixon & Associates’ representatives will be on duty at property #’s 1008 – 1015 on Saturday January 23^rd and Saturday January 30^th from 2:00 – 4:00 pm. Please contact Henry Glascock if you wish to inspect the other properties on the list. The vacant properties have a lock box. Call Henry Glascock at (423) 991-7221.

LIVE BIDDING TERMS: Pay 10% down of the purchase price at the auction by cash, certified funds or personal/business check.  Balance will be paid in full at closing to be held on or before Thursday March 5^th, 2016. A copy of the sale contract may be reviewed prior to the auction by contacting the auctioneer. If additional time is needed to close, please contact the auctioneer.

AUCTIONEERS AUTHORITY: The auctioneer 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.

BUYER’S PREMIUM: There is a 10% buyer’s premium will be added to the high bid. Example: For each $10,000 of bid amount, there will be a $1,000 buyer’s premium added to arrive at a purchase price of $11,000.

SPECIAL NOTE 1: Announcements made at the auction will take precedence over previously written matters. The seller and their agents reserve the right to place bids on the properties up to the seller’s reserve unless selling absolute, if desired, at their sole discretion.

SPECIAL NOTE 2: Properties are selling “as-is, where-is” with all faults and is selling subject to easements, leases, restrictions, covenants, conditions, zoning and all other matters revealed by a current survey or an inspection of the property or contained in public records. The only representation and warranties made are those contained in the Contract of Sale.

CLOSING: Balance of the purchase price is due on or before Thursday March 5th, 2016.

CLOSING ATTORNEY: Closings will be conducted by Nina Boss, Century Title & Escrow, Chattanooga, Tennessee (423) 894-1890. Deed preparation and attorney’s fees will be paid by the seller; all other normal closing costs will be paid by the purchaser. Taxes will be prorated as of date of closing. Title insurance shall be purchased at purchaser’s expense.

AGENCY: John Dixon & Associates, auctioneer/ broker, is acting exclusively as agent for the seller.

Disclaimer

Seller reserves the right to add or delete any property, reject any bid and/or cancel the sale.  Properties will be conveyed by General Warranty Deed. The properties will sell “as-is, where-is” with no warranty, express or implied, as to improvements, soil condition, environmental and wetlands, or zoning. No personal property conveyed with real estate unless denoted in contract.  Information contained herein was obtained from sources deemed reliable. Although every precaution has been taken to ensure accuracy, neither the seller, John Dixon & Associates nor their agents will be responsible for any errors or omissions herein.  Bidders should carefully verify all information and make their own decisions as to the accuracy thereof before submitting their bid.

AGENCY DISCLOSURE: John Dixon & Associates, with John L. Dixon as principal broker and auctioneer, is hereby giving notice that they are agents and representatives of the owner/seller of the property described in this property information package.

ATTORNEY REVIEW RECOMMENDED: It is recommended that all information included in this property information package and all other auction-related material be carefully reviewed by your attorney. Additionally, all terms and procedures are subject to and may be superseded by changes distributed or announced to bidders prior to the auction.  The properties are being sold on an “as is, where is” basis with all faults, and seller makes no representations or warranties except for the warranty of title set forth in the General Warranty Deed to be delivered to the purchaser at closing.

PROPERTY INSPECTION: Your complete inspection and the inspection of the property by your professionals prior to the auction is encouraged.  Those inspecting the property assume all risks associated with any inspection of the property. John Dixon & Associates’ representatives will be on duty at property #’s 1008 – 1015 on Saturday January 23^rd and Saturday January 30^th from 2:00 – 4:00 pm. Please contact Henry Glascock if you wish to inspect the other properties on the list. The vacant properties have a lock box. Call Henry Glascock at (423) 991-7221.

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