Probate and Family Court Ordered Auction
Live onsite with a few items being offered for online simulcast bidding
Saturday Oct. 7th, at 9 A.M. CST
Reed Truck Repair, Wrecker services and auto sales
Located at 658 Crabtree Rd, Crossville, TN.
Located on the Buc-ee's exit 320 Genesis RD on I-40
Real Estate: 6,000 Sq. Ft. Commercial Building with 3 acres under fence. Built in 2001 this metal building features concrete flooring and 4 large 14 x 14 garage doors. Gas heat in the shop, plus 2 half baths in the shop area. Also contains an apartment with bedroom, bath, kit/living area. Also features a Mobile home used for an office, has 2 offices, waiting area and a bath. Property has excellent Interstate visibility. Located next to Tommy’s Motor Sports.
Map 087 009.04
Personal Property parcel list: Wreckers, Roll backs, Semi’s, zero turn mower, New Holland tractor, Cargo trailers, autos, pickup trucks, salvage autos, salvage wreckers, salvage semi’s, collector cars, racing car and trailer, 6 seater side x side, shop equipment, tools, big rig parts, box trucks, and more.
Open house, Friday, October the 6th, 1 P.M. to 4 P.M. CST
Pick up on Saturday when the auction is complete. Or Monday and Tuesday Oct. 9th and 10th, from 9 A.M. to 4 P.M. CST
Bring help to assist you with loading, and any equipment you might need.
Sale being conducted for the Reed Estate, Reed family and the Probate and Family Court of Cumberland County. Ben Tollett Clerk and Master. Attorneys Sharon Clark Reynolds and Harold L. Upchurch.
Ayers Auction and Real Estate is being assisted with this sale by our friends at Lusk Auction Company.
Order of the sale beginning at 9 A.M. we will start selling vehicles, wreckers, salvage materials.
Then at 10 A.M. Real Estate will be offered, and finish with vehicles.
At 11 A.M. will start auctioning off the tools and shop equipment, and if necessary have 2 crews selling, one inside with tools and one outside with vehicles.
2% Brokers Participation is being offered on the real estate to TN real estate brokers, who produce the winning bidder. Call J.J. at 423-286-0041 to register your bidder at least 48 hours prior to the sale.
Bills of sale will be given on auction day for vehicles, titles will be mailed later.
Bidders onsite will pay a 10% deposit day of sale, balance within 45 days at closing.
Online bidders will have 48 hours to pay their 10% deposit with closing also in 45 days.
Personal property: Some of the items will have both live and simulcast bidding.
Live bidders will pay cash or good check day of sale.
Online bidders will have 48 hours to wire the funds.
A 10% Buyers Premium on both Real and Personal Property.
All information was derived from sources believed to be correct but not guaranteed.
All assets to be where is, as is. Please inspect prior to bidding. This is a cash sale not subject upon financing, appraisals or inspections, so please due your due diligence prior to the sale.
Chancery court ordered auction
ONLINE AUCTION TERMS:
Agency Disclosure: Ayers Auction and Real Estate is acting as agent for the seller, not as buyer's agent.
PROPERTY IS OFFERED UNDER THE SPECIFIC TERMS PROVIDED IN THE PURCHASE CONTRACT. PLEASE READ AND REVIEW THE CONTRACT THOROUGHLY PRIOR TO BIDDING ON ANY PROPERTY. IF YOU HAVE NOT READ AND REVIEWED THE CONTRACT FOR SALE OF REAL ESTATE, DO NOT BID.
SERVER & SOFTWARE TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Ayers Auction & Real Estate reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE nor AYERS AUCTION & REAL ESTATE SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to the email address provided in your registration with updated information as deemed necessary by Ayers Auction & Real Estate.
DEED: Good Insurable Deed at Closing.
BUYER’S PREMIUM: There will be a buyer’s premium of 10% added to the bid price to arrive at final purchase price. Example: Bid Price $100,000 plus $10,000 (10% buyer’s Fee) equals purchase price of $110,000.
AUCTION BIDDER DEFAULT: Successful bidder not executing and returning the contract with earnest money and funds for the personal property within deposit within 48 hours of the conclusion of the auction will be considered in default. In the event a winning bidder fails to submit the signed Contract for Sale of Real Estate and earnest money deposit, the winning bidder will be charged the buyers premium on the credit card provided at auction registration. Additional default remedies are reserved by Ayers Auction & Real Estate and the Seller as provided in the Auction Terms and Conditions and the Contract for Sale of Real Estate. Ayers Auction & Real Estate reserves the right to sell to the second-highest bidder in the event the successful high bidder does not comply with the terms of the sale. These terms apply for real and personal property sold.
Any dispute between Ayers Auction & Real Estate, its Agents or Representatives and the Buyer(s) will be tried Chancery court in Cumberland County, Tennessee. By bidding on the property, buyer agrees to all terms and conditions set forth.
Title: As specified in the Contract for Sale of Real Estate
Deed: As specified in the Contract for Sale of Real Estate
Possession: As specified in the Contract for Sale of Real Estate
Real Estate Taxes and Closing Cost: Property taxes for 2023 will be paid by the seller. Usual closing cost will be paid by both buyer and sellers.
Easements: Subject to any and all easements of record.
Zoning: This property is subject to all state and local zoning ordinances.
Disclaimer: All properties are being sold 'as is, where is'. We encourage bidders to do property inspections and rely upon their own conclusions. All information is deemed reliable, but is not guaranteed. All information is believed to be correct to the best of the auctioneer's knowledge.
Bidder Verification: The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Ayers Auction & Real Estate will reject the registration, and bidding activity will be terminated. The Seller and Ayers Auction & Real Estate reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. Bidders agree to keep their user-name and password confidential as they are responsible for ANY and ALL activity involving their account. When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges.
Agency: Ayers Auction & Real Estate, Agents and Representatives are agents of the Seller. Buyer and or Bidder agrees to hold harmless and indemnify Ayers Auction & Real Estate and its Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.
NEW DATA, CORRECTIONS, AND CHANGES: Please check for updated information prior to scheduled auction time to inspect any changes, corrections, or additions to the property information. Disclaimer & Absence of Warranties: All information contained in this information packet and all related materials are subject to the terms and conditions outlined in the Contract for Sale of Real Estate agreement. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation either expressed or implied, concerning the property is made by the Seller or Ayers Auction & Real Estate Agents or Representatives. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in the brochure and on the website is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller, Ayers Auction & Real Estate, Agents or Representatives. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. All decisions of Ayers Auction & Real Estate are final.
Any dispute between Ayers Auction & Real Estate, its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Scott County, Tennessee. By bidding on the property, buyer agrees to all terms and conditions set forth.