REAL ESTATE TERMS & CONDITIONS Welcome to our Auction, we hope you enjoy your experience. Please take a moment and read our terms and conditions. If you have questions regarding these terms, please call our office. If you are being represented by an agent we are paying broker participation IF your agent registers using the broker participation form available on the auction site. Please note that all broker participation forms must be filled out completely and received no later than 48 hours prior to the close of the auction. Broker participation is 3% of the winning bid. Example: Winning bid of $100,000 = $3000 broker participation paid to broker at closing. This property will be sold subject to the owner's confirmation, which means the owner has the ability to reject or accept the final bid. By registering in our auction today you agree to our terms & conditions and will be bound by those Terms and Conditions. A ten percent (10%) buyer's premium will be added to the high bid to establish the total sales contract price. The successful high bidder on this property will be required to sign a Real Estate Sales Contract, Terms & Conditions, and any other documents needed immediately upon conclusion of the bidding and will make a nonrefundable deposit $10,000. Payment may be made by personal check; cashier's check, wire transfer or cash. The balance is to be paid in full at closing within 30 days. Current taxes will be prorated at the date of closing. Seller will provide the deed. Buyer is responsible for title opinion, title insurance and recording fees. Customary closing costs will be paid by the buyer. Buyer is to obtain their own financing but the auction is not contingent upon it. The contract will not be contingent upon financing, inspections or any other contingencies. Auction and its auctioneers and agents are representing the sellers as the sellers' agents. Blackwell Realty and Auction gives notice that the auctioneer or agent can bid on behalf of the seller upto the reserve price. All properties are sold "AS-IS, WHERE-IS and WITH ALL FAULTS," without any warranties expressed, implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder's behalf. All measurements, square footage and age are approximate and not guaranteed. Seller and or agent makes no warranty as to the accuracy of information. All information is deemed reliable, but not guaranteed. Buyer to verify all information to their satisfaction prior to bidding. Tennessee Residential property exemption notification and lead-based paint disclosure will be a part of the sales contract. Bidder understands and agrees that this agreement and all rights of the parties there-under, shall be governed by the laws of the County of Wilson, State of Tennessee and any action brought by either party shall be brought in the Courts of the State of Tennessee. In the event, that for any reason, the forum is deemed to be sufficiently inconvenient or the agreement on the forum selection is unenforceable it is still the intention of the parties that the Laws of the State of Tennessee govern the parties agreement and their rights attended thereto. Buyer agrees that any legal filed action will take place within the county of Anderson, City of Lebanon, State of Tennessee. If you are bidding online please note, the auctioneer may without notice, withdraw, extend or rearrange any property, and or item at their sole discretion at any time and will not be liable for any computer, internet or website malfunctions. In an online only auction bids that are placed within the last minute, will cause bidding to automatically extend to prevent bid sniping. Payment must be made within 48 Hours after you are the winning bidder. Blackwell Realty & Auction will have up to 7 DAYS to provide the Buyer with any documents to be signed after the auction has ended.

Incredible Real Estate Investment Opportunity - Online Auction Attention real estate investors, flippers, and builders! Don't miss this incredible opportunity to bid on 3 single-family homes and a prime vacant building lot in the desirable city of Lebanon, Tennessee. This online-only auction presents a unique chance to expand your portfolio or kickstart your next project. Property Highlights: Lot #1: 567 Victor Avenue Lebanon, Tn- 1572+/- Sqft 3 Bedroom 1 Bath single family residence built in 1940. This home has great bones and unlimited potential on a large lot. Centrally located in Lebanon under 2 miles from Sam Houston Elementary, Walter J. Baird Middle School and 3 miles from Lebanon High School. Large lot features mature trees as well as 20ft x 22ft detached garage. *Home has been vandalized and it is believed that copper pipe and HVAC components are damaged and or missing. Lot #2: 564 Victor Avenue Lebanon, Tn- 768+/- Sqft 2 Bedroom 1 Bath single family residence built in 1938. This home was recently occupied and is situated on a 140ft x 165ft corner lot. Home has served as a great rental property for the current owners although is in need of updates and repairs. Lot also features a large detached garage/shed. Centrally located in Lebanon under 2 miles from Sam Houston Elementary, Walter J. Baird Middle School and 3 miles from Lebanon High School. Lot #3: 557 Victor Avenue Lebanon, Tn- 1220+/- Sqft single family residence built in 1948. This home is currently occupied with a long time tenant. Tenant is interested in staying but will vacate by closing at new owners request. This home features a finished attic that provides additional usable space. The property features a large back yard and sits on a 100ftx158ft lot that is located next to the vacant lot featured as Lot#4 in this auction. The combination of neighboring lot and this property has endless possibilities. Lot#4: Victor Avenue Lebanon, Tn- Vacant residential building lot that measures approx. 100ft X 162ft at the corner of Marion Street and Victor Ave. Endless possibilities as a single family building lot or even more upside when combined with Lot#3 offered in this auction. Don't let this incredible real estate investment opportunity pass you by. The online auction will begin closing at 6 PM CST on May 29th. Register now to bid and secure your next profitable venture! For more details Contact Auctioneer/Realtor Mike Mohr at 615-390-1015. Agents that are representing a pre-registered winning bidder will receive a 3% commission. Follow the link below to register your buyer. Contact Auctioneer/Realtor Mike Mohr at 615-390-1015 for showing instructions and additional information. $10,000 Non-Refundable downpayment per home due within 48hrs of the close of auction. Feel free to do all due diligence ahead of time, this is a contingent free transaction. https://blackwellrealtyandauction.com/wp-content/uploads/BW-Broker-Participation-Form.pdf