A type of auction in which the price on an item is lowered until it gets a bid. The first bid made is the winning bid and results in a sale. This is in contrast to typical auctions, where the price rises as bidders compete. Investopedia.com
The final sales price includes a 10% broker cooperation fee.
Up to $5,000 of the final sales proceeds shall be used to establish a community organization for the purpose of promoting The Bend at Germantown, provided leaderhsip for such an organization can be identified.
|Price||Date||Comments & Source|
|$120,000||2/1/2015||New price. As promised, the price will be reduced $10,000 per month until the property is sold. Wait, or make a lower bid today!|
|11/1/2014||This price will be reduced $10,000 per month until the property is sold. Wait, or make a lower bid today!|
|12/31/2013||Shelby County Assessor|
|12/31/2012||Owners Value - Approximately $2.00 per sq ft. Listed price of properties in the area.|
|6/1/2010||Hank Martin: NAI Saig Company - "The price really doesn't matter. It is not going to sell at any price. You can try yourself at $2.50/sq ft."|
|9/18/2008||Justin Lubin: Makowsky Ringel Greenberg, LLC - "Let's list it for $6.00/sq ft. Maybe we can catch the end of the motel boom."|
(901) 317-7366 Phone
(760) 805-5283 Cell
Griffin, Clift, Everton & Maschmeyer, PLLC.
First American Title Insurance Company
* Owner/Seller is not an auctineer and this activity shall not be construed as an auction according to the laws of the State of Tennessee. "a la Dutch Auction" is intended to imply that the price will be periodically reduced until the property is sold.