Tract 2
Tract 1
Tract 2
Tract 2
Tract 2
Tract 3
Tract 3

    Quality Land at Bargain Minimums — Take Advantage of this Rare Opportunity

    Tract
    Number
    Tract
    Name
    County / State Acreage
    (±)
    Parcel Tax
    ID Number
    Minimum Bid Latitude /
    Longitude
    1 Collins Grundy, TN 202 042 00102 DIST 02 $490/Acre  $99,000  35°24’59.90”N /   85°33’55.55”W
    2 Rattlesnake Warren, TN 152 107 00500 DIST 06 $500/Acre   $76,000  35°35’27.33”N /
    85°38’20.09”W 
    3 Webbs Jungle Bedford, TN 80 018 00400 DIST 01 $500/Acre   $39,750  35°38’19.75”N /
    86°16’58.90”W
    4 Brown Mountain Warren, TN 88 111 01200 DIST 06 $500/Acre    $43,840  35°33’33.38”N /
    85°39’59.73”W
    5 Big Sink North Warren, TN 160 107 00100 DIST 06 &
    107 00101 DIST 06
    $400/Acre   $64,000   35°35’42.37”N /
    85°39’42.78”W
    6 Big Sink South Warren, TN 60 107 02100 DIST 06 $500/Acre   $30,000  35°34’43.71”N /
    85°39’51.28”W
    7 The Gap Grundy, TN 28 018-00701 Dist 07 $375/Acre   $10,460   35°28’59.90”N /
    85°46’39.75”W 
    8 Boyd Hollow Grundy, TN 30 019-01900 Dist 07 $375/Acre  $11,250   35°28’20.41”N /
    85°45’13.02”W
    9 Wheeler Hollow Marshall, AL
    DeKalb, AL
    60 08-02-10-0-000-008.005
    28-19-02-10-0-000-003.00
    $400/Acre   $24,000 34°26’19.76”N /
    86° 6’0.44”W

    NOTE: Auction Tract 2 (Rattlesnake) Information revised (2.17.17)

    Table available in documents section if you are having trouble viewing contents.

    Great opportunity for adjoining landowners Selling land and timber

    Seller is reserving Oil and Gas rights

    Bidder’s Information Packages with Bid Documents
    are available by calling 800-551-3588. 

    Terms & Conditions of Sale (Revised 2.1.17)

     

    1.  TERMS OF SALE: This Auction is being conducted subject to the Terms and Conditions of Sale and the Sealed Bid Auction Real Estate Purchase Agreement. Eight (8) Timberland Auction Tracts in Grundy, Warren and Bedford Counties, Tennessee and one (1) Auction Tract in Marshall and DeKalb Counties, Alabama are being offered for sale.  The Auction Tracts are being offered for sale in Fee as individual tracts.
      2.    BIDDER’S INFORMATION PACKET: Detailed Bidder’s Information Packets containing the Sealed Bid Auction Real Estate Purchase Agreement, title reports, timber volume data, tax parcel numbers, aerial and topographic maps and bidding instructions are available from Auction Company via email, fax or mail order.
      3.    PROPERTIES OFFERED SUBJECT TO MINIMUM BID: The Auction Tracts are offered subject to the published Minimum Bids per individual tract.
      4.    BIDDING:  The Auction Tracts are being offered by a sealed bid auction. To participate and bid in the auction, your fully executed and signed Sealed Bid Auction Real Estate Purchase Agreement (contained in the Bidder’s Information Packet) must be completed and delivered to Woltz & Associates, Inc. on or before 3:00 PM Eastern Time, Thursday, March 2, 2017.
      5.    BID BASIS: Bidding is by a lump sum bid, not per acre. You may bid on one or more Auction Tracts in one bid, or you may bid on Auction Tracts individually with separate bids for each Auction Tract.
      6.    BUYER’S PREMIUM:  A ten percent (10%) buyer’s premium must be added to the final cumulative High Bid to determine the total Purchase Price.
      7.    EARNEST MONEY DEPOSIT: A Deposit of 10% of the High Bid must accompany the bid either by cashier’s or certified check or wire transfer.  Deposit checks must be made payable to “Porter Law Group, PC, Real Estate Trust Account”.  Cashier’s checks will not be deposited during the bid consideration period. All Deposits on offers not accepted will be returned to the
      respective bidders by March 17, 2017 with time allowed for mail delivery. Deposits for accepted Bids will be deposited to the Porter Law Group, PC, Real Estate Trust Account and held per the terms of the Sealed Bid Auction Real Estate Purchase Agreement. Call for wiring instructions.
      8.    BID OPENING: Bids will be opened at the offices of Woltz & Associates, Inc. located at 23 Franklin Road, SW, Roanoke, Virginia 24011 at 3:00 PM Eastern Time on Thursday, March 2, 2017. Only the high bids will be announced.
      9.    NOTIFICATION OF ACCEPTED BIDS: The successful bidders will be notified by 5:00 PM Eastern Time on Tuesday, March 7, 2017.
      10.    TIE BIDS: In the event of any tie bids, Seller may accept the bid of Seller’s choice, or Seller may elect to give the tie bidders the opportunity to make their best and final offer with 5 business days’ notice.
      11.    SETTLEMENT: Seller will prepare, and Buyer(s) will accept, a Special Warranty Deed.  Buyer(s) and Seller shall pay their own settlement costs as is customary in the state of Tennessee and Alabama. Each party will be responsible for its own attorneys’ fees. Seller is providing a commitment for title insurance prepared by Mississippi Valley Title Insurance Co. If Buyer elects to purchase title insurance, the title insurance Premium shall be at the Buyer’s expense.   All Property shall be conveyed per the Property Description in the commitment for title insurance. The settlement date shall be on or before April 27, 2017.
      12.    ALL SALES ARE FINAL: All property is auctioned “AS IS, WHERE IS” with all faults in its condition at the time of sale without recourse by way of refund, reduction of the purchase price, or otherwise. Bidders should perform such independent investigation with respect to the property as they deem necessary or appropriate.
      13. FINANCING: Your bidding and purchase of the property is not conditional upon financing. Be sure you have arranged financing, if needed, and are capable of paying cash at closing.
      14.    BROKER PARTICIPATION:  Any appropriately licensed Tennessee or Alabama broker whose agent properly registers the successful high bidder will be paid a 2% commission based upon the High Bid, which does not include the Buyer’s Premium, at settlement by the Seller.  Applications must be on a Woltz & Associates, Inc. Broker Participation Application form and contain the name, address and signature of agent and prospect as well as the Broker’s license number and Federal Tax ID number.  The form must be received in the office of Woltz & Associates, Inc. accompanying the Sealed Bid Auction Real Estate Purchase Agreement and Deposit. Agents acting as principals buying on their own account, on behalf of family members, other licensed real estate agents, or who represent prospects that have had prior contact with the Seller or Auction Company are not eligible.  An agent may register only one Bidder per Auction Tract.
      15.    BOUNDARY LINES: Boundaries on aerial photos and topo maps are approximate. Potential buyers may obtain a Limited Right of Entry Permit to view the property and inspect the boundary lines prior to sale. Buyer assumes all risk associated with entry upon the land.  A Permit may be obtained by contacting Auction Company.
      16.    GENERAL: The information contained in this brochure and otherwise provided by Seller and Auction Company is subject to verification by all parties relying on it. No liability for its accuracy, error, or omissions is assumed by the Seller or the Auction Company.
      17.    Agency: Auction Company and its representatives represent the Seller.
      18.    OIL and GAS RIGHTS: Seller to reserve Oil and Gas Rights.
      19.    QUESTIONS: Sale related questions should be directed to: Charlie Wade or Boyd Temple at 800-551-3588.

     

    Documents