Bidding Terms and Conditions of Real Estate Auction

Online Only Auction
All announcements day of sale take precedence over any previously advertised material.
Thank you for participating in this online auction event (the "Auction"). Please read these Terms & Conditions carefully. By placing a bid, you agree to be bound by all conditions of sale outlined below.

Auction Firm
JD's Realty & Auction, LLC (referred to herein as "Auction Firm" or "Auctioneer") is conducting this auction as the sole licensed auctioneer and real estate brokerage firm.

Inspection
The property is available for inspection by appointment. Real estate agents may show the property to prospective buyers by scheduling an appointment and completing buyer registration.

Registration
All bidders must register with the Auction Firm prior to bidding. Online bidders must complete the online registration process. By registering, all bidders acknowledge and accept these Terms & Conditions.

Agency
The Auction Firm and its agents represent the Seller only in this transaction. Any cooperation with buyer agents or referring brokers is as a courtesy and does not create an agency relationship with the buyer.

Contracts & Deposit
The high bidder shall sign the Purchase and Sale Agreement and deliver a non-refundable deposit of 10% at the conclusion of the auction, or the next business day if after business hours.� Deposits must be made by check or wire transfer. Upon the Seller�s confirmation of the sale, the Purchase and Sale Agreement shall be binding on both Buyer and Seller and may not be revoked or terminated by either party except as expressly provided in the Agreement.

Auction Method & Closing
This auction is online only. The property is selling subject to seller confirmation.

Closing shall occur no later than 30 days following the auction. Time is of the essence. The Buyer will pay customary closing costs. The Seller will convey the property via General Warranty Deed and provide clear title. Possession is granted at closing.

Buyer's Premium
A 10% Buyer's Premium will be added to the high bid to determine the Total Purchase Price.

Pre-Auction Offers
The Seller reserves the right to accept a pre-auction offer and cancel or modify the auction at any time.

Contingencies
No contingencies will be accepted for financing, inspections, or appraisals. The property is selling AS-IS, WHERE-IS.

Condition of Property
The property is sold in AS-IS, WHERE-IS condition with no warranties or guarantees expressed or implied by the Auction Firm or Seller. Buyers are encouraged to conduct all inspections prior to bidding.

Technology Disclaimer
JD's Realty & Auction may utilize third-party bidding platforms or services. The Auction Firm is not liable for missed bids or errors due to technological failures, internet disruptions, or service provider issues.

Force Majeure
The Auction Firm shall not be held liable for delays or inability to perform due to acts of God, war, government regulation, pandemic, natural disaster, or events beyond its control.

Broker Participation
Referring brokers are eligible for a commission of the high bid amount, provided they:
- Register their client in writing before any contact is made with Auction Firm
- Remain actively involved in the transaction through closing
- Send JD's a copy of the Buyer Representation agreement.

High Bidder Notification
Winning bidders will be notified by email only. Bidders are responsible for monitoring their email and completing contract obligations on time.

Jurisdiction & Venue
This agreement and any related disputes shall be governed by the laws of the State of Tennessee. All legal actions or claims must be filed exclusively in Anderson County, Tennessee.

Buyer Beware
By placing a bid, the bidder acknowledges that they have had an opportunity to inspect the property and are purchasing it AS-IS, WHERE-IS, and AS-INSPECTED, with all faults. The Auctioneer reserves the right to place bids on behalf of the Seller.

Final Note
These Terms & Conditions may only be modified in writing by JD's Realty & Auction. By registering and placing a bid, you acknowledge that you have read and understood all terms stated herein.

Have you ever wanted to own your own cabin getaway in the mountains? 500 Old Furnace Rd in Tellico Plains, TN is being offered at online auction and presents an excellent opportunity to own a cabin-style mountain retreat in one of East Tennessee�s most scenic and sought-after outdoor destinations. Whether you�re searching for a private escape, a full-time residence, or an income-producing Airbnb or short-term rental, this property offers the versatility buyers are looking for in today�s market. The main cabin features 2 bedrooms, 1 bathroom, and approximately 768 square feet of living space, offering a cozy and efficient layout that perfectly fits the mountain lifestyle. In addition, the property includes detached living quarters(20'x10') with a half bath, providing excellent flexibility for guests, extended family, a home office, or added rental potential. Outdoor living is a true highlight of this property. A designated hot tub area, outdoor shower, and multiple exterior electrical hookups are already in place, making it easy to enjoy the outdoors or support future enhancements. A covered outdoor area ideal for grilling, entertaining, and relaxing creates the perfect setting to unwind after a day in the mountains while taking in the peaceful surroundings. Situated on a spacious 2-acre lot, the property provides privacy and flexibility with room for expansion or an additional building site. The acreage allows for the possibility of adding another cabin, guest house, workshop, or outdoor living features, giving buyers the opportunity to increase both usability and long-term value. The setting captures the mountain lifestyle while remaining conveniently located near town, recreation, and area attractions. This property is being sold via online auction, creating a transparent and competitive buying environment where buyers can determine value. Pre-auction offers are strongly encouraged and will be reviewed prior to the auction close. Interested buyers are advised to complete their due diligence early and submit offers ahead of the auction to avoid increased competition. Properties that combine mountain cabin appeal, short-term rental potential, and usable acreage are increasingly hard to find in Tellico Plains. Don�t miss your chance to secure this unique opportunity through auction and make this mountain getaway your own. Auctioneer Brandon Presley TAL 7424 BP 10%