Agee & Johnson

Agee & Johnson – Auctions Information

Agee & Johnson – Auctions Information

You can find several resources related to our Auction process below.
Click on an article to learn/read more and find printable versions.

Agee & Johnson – Online Auction Terms of Sale

Thank you for participating in this Agee & Johnson Realty and Auction, Inc online auction.

By registering and participating in the online auction, you agree to the following: Agee & Johnson Realty and Auction, Inc strongly encourages bidders to inspect all items before bidding. Bidders may find the inspection schedule and location on the details pages of each auction. All items are purchased as is, where is without warranty expressed or implied. If you do not attend the scheduled preview, you wave all rights to dispute your purchases. Buyers are responsible for rigging, loading, and moving all items purchased without assistance from Agee & Johnson Realty and Auction, Inc. No item shall be removed before full settlement. Registration with a valid credit card is required before placing a bid in an online auction. The credit card is used only to secure one's bids or if the payment period for an auction has elapsed. In the event that your item(s) are not picked up, your credit card will be charged the full amount of purchase plus a $10.00 no show fee. All items not picked up at the designated pick up time will be considered abandoned property and will not be the responsibility of Agee & Johnson Realty and Auction, Inc, the auctioneer or the seller. By registering for this auction, you hereby agree to these terms. If you find any of these terms unacceptable, please do not bid.

In order to bid on auction items, all bidders must be enrolled to bid on the online auction. There is no fee to create an account, however the Auctioneer reserves the right to revoke or enable bidding. By bidding you are representing to the Auctioneer and the seller that you have read and agree to be bound by all terms and conditions for this sale as stated herein. DO NOT BID unless you have read and agreed to be bound by the Contract for Sale, Sale Day Notes, Property Disclosures (if applicable), Agee & Johnson Realty and Auction, Inc Co Terms of Service and the auction Terms of Sale as they are enforceable against you.

10% Buyer's Premium added to bid to determine final sale price. All items in this auction have a soft close beginning at 8:00 pm unless otherwise noted.

You must bring your credit/debit card to the pick up.

There is a 'NO SHOW' fee of $10.00 that will be added to your invoice and charged to your credit card if you do not show up at the designated pick up time.

Contract of Sale Default

If the high bidder executes and returns the Contract and other required documents and the down payment, but fails to complete the transaction for ANY reason (including, but not limited to, remitting the total purchase amount), the high bidder shall relinquish ANY right to complete the transaction and shall have no rights or interest in the property, as well as forfeit all down payment monies as liquidated damages to Seller.

PLEASE BE ADVISED: Tennessee statutes (and other various states) give the Seller the right to pursue legal actions against bidders who refuse to complete transactions. This may include (but not limited to) suit to compel completion of the sale, and/or criminal charges of fraud or other intentional act. 

The Auction Process

Bidding starts at the nominal Opening Bid(s) indicated and is open to all who registered and are approved. The Auctioneer will call the sale and control all increments of bidding (live/online). Online auctions will either be LIVE or TIMED for a pre-determined period of time. The Auctioneer reserves the right to extend bidding if overtime period is necessary.

The Auctioneer may start, stop, pause and re-open bidding at the Auctioneers sole discretion and shall serve as the sole arbiter as to who is or is not allowed to bid. The Auctioneer reserves the right to group, add to, delete, withdraw, consolidate or break down properties or quantities offered to sell out of scheduled, to reject any bid which is only a fraction advance over the preceding bid, to regulate bidding and to accept or reject any or all bids. Absentee bids may be accepted at the discretion of the Auctioneer. Any and all decisions if the Auctioneer regarding the order and conduct of auction shall be final and absolute without liability to any party. Seller reserves the right to cancel withdraw any property at any time.

As Is, Where Is Sale 

All properties are sold "As Is, Where Is" with no financing, inspections, or other contingencies to sale. Auctioneer represents the seller only and does not inspect properties on bidders behalf. Bidders must conduct their own due diligence and investigation of each property to determine the suitability of each parcel prior to placing bid. Bidders must rely solely upon their own investigation and not any information provided by the Seller or Auctioneer. Failure for a bidder to be fully informed on the condition of a property will not constitute grounds for a claim adjustment or to cancel the sale. All the information contained regarding the property was obtained from official county maps or other sources deemed reliable, but it not guaranteed and may be in error. Furthermore, the Auctioneer and Seller DO NOT WARRANT the accuracy thereof. Unless stated otherwise, Seller has made no independent investigation of any information provided, and assumes no responsibility for the providing of/or absence of any information, whatsoever, or for the accuracy thereof. Read the Contract of Sale and Property Notes/Disclosures to determine the existence of any disclosures, exclusions, representations and disclaimers. Do not bid if you have not inspected the property(s). By bidding you agree to all disclosures. Buyers will receive a good general warranty by seller.

Disclaimers & No Warranties 

Auctioneer and the seller expressly disclaim any liability for errors, omissions, or changes regarding any information provided for these sales. Please read the contract for sale, and property notes for a full and complete understanding of auctioneer and sellers disclaimers. Bidders are STRONGLY urged to rely solely upon their own inspections and opinions in preparing to purchase the property and are expressly advised to not rely on any representations made by the seller or their agents and employees. Property information may change without notice and potential purchasers should investigate all data fully before relying upon it.

You are entering into a binding contract. There are no refunds or bid cancellations. The registered bidder is personally responsible, legally and financially, for all auction items bid upon whether representing one’s self or acting as an agent. An online bid accepted at public auction is a legal and binding contract. Any bidder who fails to consummate a purchase will be banned from bidding at all future Agee & Johnson Realty and Auction, Inc events and maybe pursued for civil and/or criminal violations. 

Payment

Payment Type:  Cash, Good Check or Credit Card/Debit Card at time of Pick Up.  Credit Card/Debit Card can be used for online payment; however, all credit card transactions will have a 3% convenience fee.  $3000 credit card/debit card purchase limit.

Real Estate

The auction & conveyance of each property shall be governed by, and your registration (online or in person) evidences each bidder’s agreement with, the Contract for Sale at Auction, including all addenda, exhibits, disclosures, and other required documents (together, the "Contract for Sale") and Sale Day Notes, Disclosures, the Agee & Johnson Realty and Auction, Inc Terms of Service, and these Terms of Sale. Each of these documents govern your bid and the sale of each property. The Terms of Sale are non-negotiable and irrevocable.

Property specific terms & property disclosures can be found on the property of interest website page. The Contract of Sale and Terms of Sale are not subject to negotiation. 

Firearms 

To Purchase Firearms 

  • Must Be a Resident of Tennessee & No Out of State Checks
  • Must Be 18 or Older to Purchase Long Guns
  • Must Be 21 or Older to Purchase Short Guns (Pistols)
  • Provide ID, Address & Phone Number
  • Completion of ATF's 4473 Form If you know you cannot LEGALLY purchase a firearm then DO NOT BID.

Automobiles

You must be at least eighteen (18) years old and legally able to contract to bid and to purchase at the online auction.

Titles will be mailed with in 10 business days of confirmation of payment.

Covid-19

COVID-19: YOU AGREE TO ABIDE BY ALL CDC GUIDELINES WHILE ON THE AUCTION COMPANY’S PROPERTY INCLUDING BUT NOT LIMITED TO WEARING A COVERING OVER YOUR MOUTH AND NOSE AT ALL TIMES AND MAINTAINING A DISTANCE OF AT LEAST SIX (6) FEET FROM ALL OTHERS. You agree to hold Agee & Johnson Realty and Auction, Inc blameless and harmless in the event that you or anyone you bring onto or send onto the Agee & Johnson Realty and Auction, Inc property contract COVID-19 or any other communicable disease. You further agree to fully indemnify the Auction Company in the event that you or anyone you bring onto or send onto the Auction Company’s property contracts COVID-19 or any other communicable disease and files any claim against the Auction Company, files any lawsuit against that Agee & Johnson Realty and Auction, Inc or institutes any action of any type against the Agee & Johnson Realty and Auction, Inc related to contracting COVID-19 or any other communicable disease.

YOU DO NOT AGREE WITH ALL OF THE TERMS AND CONDITIONS OF THE ONLINE AUCTION, DO NOT BID. BY BIDDING, YOU ARE REPRESENTING AND ACKNOWLEDGING THAT YOU HAVE READ ALL OF THE TERMS AND CONDITIONS FOR THE ONLINE AUCTION AND THAT YOU AGREE TO BE BOUND BY ALL OF THE TERMS AND CONDITIONS OF THE ONLINE AUCTION.

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Agee & Johnson – How to Register & Bid (Online Auctions)

  1. Under the "Auctions" tab, scroll down to "Personal Property Auctions". Click on the auction you would like to bid on. Click the blue button "BID ONLINE NOW".
  2. Click on "Login/New Bidder" at the top of the page.
    • If you are a new bidder click the black button "New Bidder? Click Here" and follow the instructions.You must fill in all information with an asterisk including credit card information.
    • If you are already registered and not a new bidder, fill out user name and password then click the blue button
      "Log On".
      NOTE: You only need to register one time. After the initial registration, you can continue to use the same user name & password on all future auctions. You will be asked to confirm your credit card on all future auctions.
  3. Read all terms and conditions prior to bidding. Note the scheduled preview & pick-up time and date.
  4. Click: "View Catalog" scroll through items and choose the item you would like to bid on. Click the blue button under the item with "Bid & current bid amount. 
  5. The minimum bid amount will be displayed in the window, you can choose to change the bid amount to a max bid or leave the min bid. (Your bid is the maximum amount that you are willing to pay for this item, plus any Buyer’s Premium. The auction software will bid on your behalf up to this amount.)
  6. Read and check: "I agree to abide by the terms and conditions of this auction." Click "Confirm Bid"
  7. You will be notified by e-mail (e-mail address you provided when registering) if you have been outbid. It’s always good to set a max bid and check back often to ensure you don’t lose the bid as sometimes e-mail will have a delay. If you win the bid, you will receive an e-mail the following business day. You can also view your current bids at the top right hand corner.
    Click the green button "+ Bids"
  8. Good luck and have fun!

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Agee & Johnson – Auction FAQs

Sellers

  1.  Will you still have the sale if the weather is bad?
    A.  Yes! Some of the best sales happen during inclement weather
  2.  When do I have to give possession?
    A.  Generally, at closing, but remember you are in control and this can be determined prior to the sale.
  3.  What if I find a buyer before the sale?
    A.  Speak to your auctioneer for the best next steps.
  4.  Do you make any guarantees?
    A.  We guarantee to market your property and to offer the highest level of auction services available.
  5.  What’s the best time of the year to have a sale?
    A.  It’s up to you. When you are ready. Buyers are always available.
  6.  Will you do a buyer’s premium sale?
    A.  Yes.
  7.  Can I sell my property without getting it surveyed?
    A.  Your auctioneer will advise you on what’s in your best interest.
  8.  Are there any hidden fees/costs? Is there a NO SALE fee?
    A.  No, there are no hidden costs. Your auctioneer will give you a list of expenses and commissions before the sale takes place.
  9.  Doesn’t an auction cost me a lot more than listing my home?
    A.  Commissions and expenses are negotiable. Closing costs can be less with an auction. Your auctioneer will have all of the details.
  10.  How much does it cost to sell my house at auction?
    A.  Commissions are negotiable. Contact your auctioneer for more details.
  11.  What do I need to do to get my property ready to sell?
    A.  Your auctioneer will give you a step-by-step approach for what needs to be done. The goal is to give your property the best possible appearance.
  12.  How much do you think it will bring? What if I don’t get offered what I want, do I have to sell it?
    A.  The best answer is "Fair Market Value." We don’t know what the property will bring until the sale is over. Through our marketing campaign, we ensure your property is showcased to all potential buyers in the marketplace the day of your sale. You, as the seller, reserve the right to reject the final offer.
  13. Why sell my house at an auction rather than list it? Isn’t that a desperate measure?
    A. Why put a price on your property and limit the value? Why put your life on hold while waiting for someone to make an offer. Why inconvenience yourself for showings? Why wait for loan approval or a qualified buyer? Why wait for a home inspection? Why wait?

The auction method is the only way to realize the full value of your home or property and gives you the ability to get on with your life. You take control of the sales process. You set the date and time that your property will sell, as well as the terms and conditions.

Agents

  1.  Who will present the details of the auction to my seller?
    A.  One of our auction professionals will accompany you and will present our auction program to your sellers. As you can see, it is very different from traditional brokerage and it does require a detailed presentation to the seller.
  2.  What is the first step in introducing the auction idea to my seller?
    A.  Schedule an appointment for you and our auctioneer to meet with your sellers.
  3.  What is expected of me as a Listing Agent with a property in the auction?
    A.  You are a very important part of the entire auction process. Your name and phone number will be listed in the auction ads so you will be receiving the majority of the calls about your property along with the auctioneer in charge.
  4.  As a Listing Associate, how will I be compensated?
    A.  You always receive the listing side based on the auction high bid price. And, if you properly register a buyer who is the successful bidder at the auction, you will receive a referral on the sales side when offered.
  5.  Are all properties suitable for auction?
    A.  Most properties, but certainly not all are saleable by auction. Residential property, commercial property, vacant land, even boat slips are sold at auction.
  6.  Why should I recommend the auction method to my customer?
    A.  It depends on your seller’s needs. Any number of reasons. If the seller needs immediate action for the sale of their property. Some common reasons include a job transfer to another city, another home already purchased, absentee land owners (some may have inherited property but live in another city; they once lived here and thought they would come back but haven’t), 1031 tax exchanges where timing is an issue and farms that have been divided where multiple properties can all sell in one day. Very seldom do we hold an auction due to foreclosure. Sometimes, we do auctions in lieu of foreclosure.

Some of our best and most popular auctions are with unique properties. Those that are incomparable and will attract a large number of buyers.

A Message to Realtors… 

We are realtors and believe our job is to advise people on the best way to market their property. We are not in competition with you for your customers, we are here to assist you much like a mortgage lender, appraiser and a closing company. We know it takes a high level of trust on your part to make any recommendations to your client. We are here to earn your trust and are glad to answer any questions you might have. Thank you for your interest in Parks Auction Co. LLC.

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Agee & Johnson – Downsizing

Downsizing

At different times in our lives we require different homes.  As life changes we find that our existing homes no longer fit our lifestyles – from empty nesters to retirement (and many more reasons)

You may find the task overwhelming when looking to organize personal belongings, determining value for sale or donation, as well as, the selling of your home can be overwhelming and time consuming. Our team works with you and your family to manage personal property needs and expedite the sale of your home. You pick the time and the date and we’ll take care of the rest.

All Inclusive Services Include:

  • Free & Fair Property Assessment and/or Consultation
  • Coordinate & Schedule Estate Sales Date
  • Personal Property Liquidation and/or Real Estate Sales
  • Assist in valuing personal property
  • Partner with local donation services in the removal of unwanted personal property not for sale
  • Assist in relocation

Times of Transition

Many families face difficult times in their lives and are forced to oversee what we call an Emergency Downsizing. An Emergency Downsizing is when there is a need for a prompt or unavoidable move due to the death of a loved one, an illness, or the inability to live alone. Conducting an unplanned move can be stressful for the entire family. Often times families are asked to manage a loved one’s personal property but find that distance, careers or family obligations interfere in their ability to provide necessary support.

Our team walks with your family during this time of need offering all-inclusive services such as:

  • Free & Fair Property Assessment and/or Consultation
  • Personal Property Liquidation and/or Real Estate Sales
  • Assist in valuing personal property
  • Administer and issue family heirlooms (per families wishes or will)
  • Partner with local donation services in the removal of unwanted personal property not for sale

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Agee & Johnson – Auction Process

When you call Agee & Johnson Realty and Auction, we will walk you through the process and educate every step of the way. 

An Auctioneer will evaluate your property and discuss with you the various options available for selling your property at auction.

When a date is set for the auction, our team goes to work and advertising/marketing efforts begin.

  • Signs are ordered and posted.
  • Newspaper ads and promotional flyers are planned, created and placed. We create all advertising in-house to save time and ensure accuracy.
  • The auction is posted on our highly promoted website, and agents and potential buyers are notified by email of the auction announcement.
  • A full digital marketing package is uniquely created for your property.  Utilizing the internet and social media to draw people to your property, provide information and facilitate bidding.
  • Direct mail campaigns may be required to attract potential buyers. We maintain a growing mailing list of potential and interested buyers that request our information.
  • If the sale includes personal property, an auctioneer and staff will prepare the items in advance so the auction runs smoothly. This also gives the auctioneer an opportunity to appraise the items to be sold.

Agee & Johnson Realty and Auction, LLC offers total management of your auction from the day the sale is booked until the closing. After the paperwork is complete, we furnish the seller with a full report of the sale including a summary of personal property sold and marketing costs. In short, you can rely on our experience and innovation to ensure you get the maximum price for your property.

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