30 +/- ACRES FRANKLIN, TN – MULTI-PROPERTY REAL ESTATE AUCTION

TERMS & CONDITIONS

JACKSON HOLLOW ROAD – FRANKLIN, TENNESSEE

AUCTION DATE: Sunday, November 8th, 2026
AUCTION TIME: 2:00 PM Central Time

PROPERTY ADDRESSES: 4456, 4462 & 4464 Jackson Hollow Road, Franklin, TN 37064

1. AUCTION FORMAT

The properties will be offered in three separate tracts as follows:

TRACT 1 – 4456 JACKSON HOLLOW ROAD – 22.75± ACRES

SELLING ABSOLUTE – REGARDLESS OF PRICE!

Tract 1 will sell to the highest bidder regardless of price, without reserve, minimum bid, or seller confirmation.

TRACT 2 – 4462 JACKSON HOLLOW ROAD – 5± ACRES

SELLING WITH RESERVE

Tract 2 will be offered subject to a reserve, based on the final bid price before the Buyer's Premium. The seller reserves the right to accept or reject bids in accordance with the auction terms.

TRACT 3 – 4464 JACKSON HOLLOW ROAD – 4± ACRES

SELLING WITH RESERVE

Tract 3 will be offered subject to a reserve, based on the final bid price before the Buyer's Premium. The seller reserves the right to accept or reject bids in accordance with the auction terms.

Each tract will be offered, contracted, and closed separately. The sale or closing of one tract is not contingent upon the sale or closing of another.

2. BUYER'S PREMIUM

A 10% Buyer's Premium will be added to the final bid price and included in the deed transaction sale price.

3. DEPOSIT & PAYMENT TERMS

A 15% deposit is due on the day of the auction, with the remaining balance due within 30 days of the auction date.

The deposit will be held in the Broker's escrow account or title company escrow in accordance with the purchase contract.

4. CLOSING

Closing shall take place within 30 days of the auction date, on or before Tuesday, December 8th, 2026.

Each tract will have a separate purchase contract and deed.

5. PROPERTY CONDITION – AS IS, WHERE IS

All real estate is being sold AS IS, WHERE IS, with no warranties or representations, expressed or implied, concerning the condition of the property.

Buyers are responsible for conducting their own inspections, investigations, and due diligence prior to bidding.

The seller is not responsible for inspections, permits, or repairs, including municipal, building code, or fire district requirements. Buyers are responsible for any necessary inspections, permits, or repairs prior to closing.

6. SURVEY

The cost of the survey shall be divided equally between the buyer and seller.

Buyer is responsible for 50% of the survey cost, with the buyer's share due at closing.

7. CLOSING COSTS

The seller shall pay for preparation of the deed.

The buyer shall be responsible for transfer taxes or documentary stamps, title examination fees, title insurance premiums, deed recording fees, mortgage preparation and recording expenses, and attorney closing fees.

Buyers are encouraged to obtain a title examination and title insurance.

8. POSSESSION

Possession of the real estate shall be given on or before 30 days from the auction date, subject to the following provision:

TRACT 1 – 4456 JACKSON HOLLOW ROAD: The buyer must allow the seller 14 days after closing to remove the seller's animals and farm equipment from the property. The seller is responsible for removal, care, and associated expenses during this period.

Possession otherwise transfers according to the purchase contract.

9. TITLE

The seller shall convey marketable title by general warranty deed, subject to applicable easements, restrictions of record, and planning or zoning requirements as provided in the auction contract.

Any defects in title shall be corrected by the seller at the seller's expense.

10. BUYER'S RESPONSIBILITY

Each prospective bidder is responsible for independently inspecting the property and reviewing all available information before bidding.

All property information, including acreage, boundaries, improvements, and other descriptions, should be independently verified by the buyer.

Make all inspections and complete due diligence prior to the auction.

11. AUCTION ANNOUNCEMENTS

Announcements made by the auctioneer prior to or during the auction will communicate the applicable auction procedures and tract designations.

Tract 1 is offered absolute. Tracts 2 and 3 are offered with reserve.

Any combination involving a reserve tract may only be offered under separately agreed written terms announced before bidding.

12. ADDITIONAL TERMS

All successful bidders will be required to execute the applicable real estate purchase contract and comply with its terms.

Failure to complete the purchase may result in forfeiture or disposition of the earnest money deposit as provided in the purchase contract and applicable law.

HARRIS REAL ESTATE & AUCTION

Michael Harris – Principal Broker/Auctioneer

3855 State Route 45 North, Mayfield, KY 42066

Franklin Office: 615-674-0535
Mayfield Office: 270-247-3253

HarrisAuctions.com