EXHIBIT “A”
The Jack L. Anderson Sr. Testamentary Trust
REAL ESTATE TERMS AND CONDITIONS
Calhoun, Resaca, & Austell, Georgia
Thursday, April 2nd 2026 at 2:00 PM
These “Terms and Conditions” supersede all other printed and oral statements and will be attached to and become a part of the Real Estate Sales Contract as Exhibit “A”, which will prevail over this document and any other agreement between the Buyer and Seller.
CONDITIONS OF SALE: Dempsey Auction Company (Auctioneer/Broker) has entered into a contract TO OFFER AT ABSOLUTE AUCTION, Multiple Parcels of Real Estate, located at the following locations:
#1A - 822 S Wall St Calhoun GA – Parcel # 027 206 recorded in Gordon County GA Deed Book 2143 page(s) 199
#1B - 90 May St Calhoun GA– Parcel # C27 039 recorded in Gordon County Georgia Deed Book 1777 page(s) 435
#1C - 100 May St Calhoun GA – Parcel # C27 038 recorded in Gordon County GA Deed Book 1777 page(s) 435
#2 - 3008 Battlefield Pky Resaca GA –Parcel #040D 011 recorded in Gordon County GA Deed Book 2143 page 206
#3 - 108 Barton Drive Resaca GA – Parcel # 040 061 recorded in Gordon County GA Deed Book 2143 page(s) 197
#4 - 353 Old Dalton Rd Calhoun GA –Parcel #C42B 006A recorded in Gordon County GA Deed Book 2143 pg 210
#5 - 272 N Goat Rd Resaca GA – Parcel # 030 201 recorded in Gordon County GA Deed Book 2143 page(s) 204
#6 - 1180 Hurt Rd Austell GA - Parcel # 19085000430 recorded in Cobb County GA Deed Book 15545 page(s) 6173
All property is selling “AS IS, WHERE IS” and WITH ALL FAULTS, IF ANY”, without representation or warranty of any kind as to their condition. No warranties, either statutory or otherwise, expressed or implied, including those as to the fitness for a particular use or purpose, habitability, merchantability, or environmental conditions, including, but not limited to, any hazardous substances, hazardous waste, petroleum, or petroleum by-products concerning the property, are given by the Auctioneer or Seller. Neither the Auction Company nor the Seller makes any representation concerning the property whatsoever. All bidders acknowledge and agree by their participation in the Auction that they have inspected the Property and are not relying on any warranty or representation of the Seller, Auctioneer, or any agent thereof. For compliance with Section 1018 of the Residential Lead-Based Paint Hazard Reduction Act of 1992, interested purchasers have had a ten (10) day inspection period prior to the auction for assessment of possible lead-based paint hazards.
All bidders are solely responsible for conducting their own independent inspections, investigations, and due diligence prior to bidding. By registering for and participating in this auction, each bidder represents and warrants that:
- The bidder has had a full and fair opportunity to inspect the Property and conduct all desired due diligence;
- The bidder is not relying upon any statements, representations, or warranties made by the Seller or Auctioneer, except as expressly set forth in the Purchase and Sale Agreement;
- The bidder is financially capable of closing the transaction; and
- The bidder is prepared to close in strict accordance with the terms of the auction and Purchase and Sale Agreement.
We require all bidders to register and obtain a bid number in order to participate in the bidding process. All decisions of the Auctioneer will be final, including the increments of bidding, disputes among bidders, or any other issues that might arise before, during, or after the auction.
The Sellers have the right, at their sole discretion, to add or withdraw the property before the auction on Thursday, April 2, 2026, at 2:00 PM. The properties offered are Selling Absolute, Regardless of Price.
CONVEYANCE: All property will be conveyed by a Limited Warranty Deed with title insurance available at the Purchaser’s expense.
RESERVATIONS & RESTRICTIONS: All Personal Property and Equipment are reserved. The real estate will be sold subject to any and all restrictions, public utilities, encroachments, zoning ordinances, easements, City and/or County regulations, protective covenants, any existing rights of way, and all other matters now of record.
ONLINE PURCHASERS’ PAYMENT: At the close of the auction, successful bidders will be emailed the contract package to execute and return to Dempsey Auction Co. Successful bidders will deposit 10% of the Contract Price as earnest money in the form of cashier’s check or bank wire transfer with Dempsey Auction Co. within 24 hours of receipt of the contract package. The entirety of the remaining balance is due at closing as stipulated in the “Terms and Conditions”. The purchaser shall be responsible for all wire transfer fees. Successful high bidders not executing and returning their contract with earnest money deposit within 24 hours of receipt will be considered in default and subject to an Administrative Fee (as defined below). All Administrative Fees are non-refundable.
DEFAULT: In the event a winning bidder fails to submit the signed “Sales Contract” and deposit earnest money as provided in the pre-stipulated Terms and Conditions, the winning bidder will be charged an administrative fee of $2,500 on the credit card provided at auction registration. Additional default remedies are reserved by Dempsey Auction Company and the Sellers as provided in the Terms and Conditions and the Sales Contract.
PAYMENT: A 10% Buyer’s Premium on Real Estate will be added to the Bid Price on all real estate today to arrive at the final purchase price. The purchaser will be required to sign the Real Estate Sales Contract and pay a non-refundable earnest money deposit equal to 10% of the final purchase price immediately following the Auction. This payment may be made with either a personal or company check. This deposit will be held in a non-interest-bearing escrow account under the control of Dempsey Auction Company. No disbursements will be made from this escrow account until closing or otherwise in accordance with this agreement. In the event the purchaser fails to close and pay his/her balance when due, the deposit may be retained by the Seller and Auctioneer as liquidated damages in addition to any other remedies available to the Seller and Auctioneer.
SURVEY: With the exception of Sale(s) #1A, #1B, & #1C; No new surveys were performed for this auction, as we are selling these properties according to deeds and/or surveys of record as recorded in the Office of the Clerk of the respective county for which the property is located. For Sales #1A, #1B, & #1C, the buyer will be assessed a survey fee of $1,250.00 per tract.
CLOSING: Closing shall take place within 30 days of sale date in accordance with the Real Estate Sales Contract, or on a date mutually agreed upon by the Seller and Purchaser(s) in writing. The closing law firm is Brumlow, Corwin, and Delashmit. We encourage you to contact this law firm as soon as possible to discuss the closing – 706.625-0872.
CLOSING COSTS: The Seller will provide a Limited Warranty Deed, unless otherwise disclosed, at closing. If, for some reason, the Seller is unable to convey good and marketable title to the property, unless otherwise noted, the Purchaser’s Earnest money deposit will be returned.
All other costs, including but not limited to Attorney’s Closing Fees, Recording and Handling Fees, Deed Transfer Taxes, Title Search, Title Insurance, Loan Origination Fees, etc., will be at the Purchaser’s expense.
POSSESSION: Purchaser(s) will be granted possession of real estate at closing, on or before Monday, May 4, 2026.
TAXES: The 2026 Real Estate property taxes will be prorated to the date of closing. If any additional taxes are assessed resulting from the change of use by the purchaser, they will be the responsibility of the Purchaser.
AGENCY: The Auctioneer is acting as Listing Agent and Selling Agent for the Seller only in this transaction and is to be paid a fee pursuant to a separate written agreement between the Seller and the Auctioneer. The Auctioneer is not acting as an agent for the purchaser in this transaction. Any third-party broker is not a sub-agent of the Auctioneer.
BUYER’S NOTE: Dempsey Auction Company and the Seller reserve the right to amend any terms or conditions of the auction by announcing such amendments prior to or during the auction. All information published, announced, or contained herein was derived from sources believed to be correct; however, it is not guaranteed by the Seller or the Auctioneer. The Auctioneer makes no warranty or guarantees as to the correctness and completeness of any information. Personal on-site inspection of the property is recommended. The failure of any bidder to inspect, or to be fully informed as to the condition of the property, will not constitute grounds for any claim or demand for adjustment or withdrawal of bid, offer, or earnest money after its opening tender. All announcements made from the auction stand take precedence over all other verbal, printed, announced, and/or distributed information.
TECHNICAL SOFTWARE ISSUES: NEITHER THE COMPANY PROVIDING THE SOFTWARE NOR THE AUCTION COMPANY SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Dempsey Auction Company provides online bidding as a service to Bidder. Bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall Bidder have any kind of claim against Dempsey Auction Company or anyone else if the internet service fails to work correctly. Dempsey Auction Company will not be responsible for any missed bids from any source.
METHOD of SALE: DAC reserves the right to offer the property in any way we see fit to obtain the Seller the most money.
Dempsey Auction Company is the “Listing and Selling Agent of the Seller”, and our fiduciary duties of loyalty and faithfulness are owed to the Seller.
NOTE: This auction is being recorded by audio in its entirety for legal purposes.
I have received, read, understand, and agree to the information in these “Terms and Conditions”. By signing these Terms and Conditions, you hereby agree to adhere and abide by any and all provided, printed, and advertised Terms and Conditions for this auction. Any announcement from the auction stand shall take precedence over any printed or advertised material.
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