selling to settle an estate
Germantown, TN Luxury Home
This beautiful Ingleside Farms home will be sold to the highest acceptable bidder at Auction on Nov. 8th, 6:00 p.m. Ingleside Farms is one of the most prestigious subdivisions in Germantown, TN. Situated on a 1 Acre lot with swimming pool and private backyard and has over 6,000 SF, 6 Bedrooms, 5 full and 1 half bathroom, 3-Car garage with private, gated drive area, huge screened back porch and two more private porches. Many more features are included in this great home. Don’t miss this opportunity to buy this home AT YOUR PRICE. Pre-Auction Offers are encouraged.
- 6 Bedrooms
- 5 1/2 Bathrooms
- 6,170± s.f.
- 1.00± Acre Lot
- Built 1998
- Central Heat & Air
- Hardwood, Tile, & Carpet Floors
- Granite Countertops
- 3 Car Garage
- Walk-in Closets
- Brick Veneer
- Swimming Pool
- Custom Built Refrigerator/Freezer
Bid Deposit: 10% Bid Deposit
Bidders are required to bring a bid deposit in the amount of $50,000.00 to obtain a bidder number. Bid Deposits will be accepted in the form of cashier’s check or personal check with a bank letter guaranteeing the amount. Please make cashier’s check payable to yourself. If you are the high bidder, you will endorse the check to Morris Realty & Auction as part of the 10% non-refundable bid deposit. The additional deposit required may be paid by personal check or bank wire. The high bidder will pay the Bid Deposit upon signing the sales contract at the auction.
Property is selling “As Is”. All inspections must be done prior to the auction date since the sales contract will have no provisions subject to inspection. Open House dates are posted on this web page. If you desire to have a professional inspection performed, contact our office for access. Please do not bid on this property until you have thoroughly inspected the property.
A buyer’s premium of ten percent (10%) will be added to the high bid to determine the total price to be paid.
All auction properties are sold in “as is” condition. No purchase shall be contingent on financing or any other contingencies. Potential buyers are given ample time to inspect properties prior to auction. Terms and conditions are preset and non-negotiable.
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 Realty & Auction no later than 24 hours prior to the Auction.
The successful bidder agrees to sign our standard real estate sales contract at the auction. 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. Closing is to take place at the offices of:
1669 Kirby Pkwy STE 100
Memphis TN 38120
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.
These Bidder Terms and Conditions shall be governed by and construed in accordance with the laws of the State of Tennessee, including its statues of limitations, but without regard to its rules governing conflict of laws. All claims, disputes and other matters between the parties shall be brought in the state or federal courts sitting in and for Shelby County, Tennessee, which courts shall have exclusive jurisdiction, and shall be the exclusive venue, for any and all such claims, disputes, and other matters. By submitting a Bidder Registration and accepting a Bidder Number, each Registered Bidder irrevocably and unconditionally (i) agrees that any claim, suit or cause of action relating to these Bidder Terms and Conditions, or the transactions contemplated hereby, shall be brought in the state or federal courts sitting in and for Shelby County, Tennessee, (ii) consents to the jurisdiction of such courts for any such claim, suit or cause of action, (iii) waives any objection that such party may have to the laying of venue of any such claim, suit or cause of action in such courts; and (iv) waives any objection to the bringing of such claim, suit or cause of action in such courts on the grounds of forum non conveniens.
- LIVE ON-SITE AUCTION – Selling to settle an estate
- 2557 Ingleside Farm W Germantown, TN 38139
- Selling On-Site
- Thursday November 8th, 6 pm
- OPEN HOUSES: Sun. Oct. 21st, 28th & Nov. 4th from 2 to 4:00 p.m.