Bid Deposit: $2,500

No Contingencies
All of our auction properties are sold in “as is” condition.
No purchase shall be contingent on financing or any other
contingencies. 

Pre-Qualified Buyers
In order to bid, potential buyers must present proof of
being able to pay a non-refundable Bid Deposit of $25,000.
Bid Deposits will be accepted in the form of cash, checks
with bank letter of guarantee, or certified funds. The high
bidder will pay the Bid Deposit upon signing the sales
contract when the auction concludes.

Buyer's Premium
A buyer's premium of ten percent (10%) will be added to
the high bid to determine the total purchase price.

Closing
The entire purchase price must be paid by Cashier's or
Certified Check, or wired funds at closing. The closing
shall take place not later than thirty (30) days after the auction.

Broker Participation
All licensed real estate brokers are encouraged to participate
by bringing your buyers to the auction. A commission will
be paid to the licensed and qualified broker whose properly
registered buyer is the successful bidder at the auction, and
whose buyer purchases the property. Brokers must register
their prospective buyer on the required Broker Participation
Form (completely filled out and signed). The form may be
obtained by calling 901-565-7770 . This form must be
submitted to Morris Auction Group no later than 24 hours
prior to the Auction.

Disclaimer
Announcements made at the auction supersede all printed
material. All information included herein was derived from
sources believed to be correct, but is not guaranteed.