1. This property is being sold with a reserve. In other words the seller reserves the right to accept or reject the high bid. Upon approval (normally within 3 business days) the high bidder will be notified by our staff at the phone number or email address provided on the registration form. 2. There is a 10% buyer's premium. 10% or $2000, whichever is greater, will be added to your high bid to arrive at the contract price. KEEP THIS IN MIND WHILE YOU'RE BIDDING. Example: High bid $100,000.00 X 10% = $10,000.00. $100,000.00 + $10,000.00 = $110,000.00 is the contract price. 3. There will be a 10% deposit due today. Immediately following the bidding, the successful bidder will execute a contract for the purchase of the property and deposit 10% of the contract price with the escrow agent. Personal checks are accepted. The contract is NOT assignable, NOT contingent upon financing, NOT contingent upon inspections. 4. The balance of the purchase price is due at closing within 30 days. Each purchaser is responsible for obtaining his/her own financing if necessary. You must be pre-approved for financing. If you are unsure of your ability to obtain the necessary financing, do not bid as you could lose your earnest deposit if you don't close. 5. A seller's disclosure of condition of the property has been provided in the materials here today. The property is being sold "as is" and "where is" with all faults, if any. No warranty as to condition or suitability for any purpose is expressed or implied. Buyers shall rely entirely on their own information, judgment and inspection of the property and records prior to the auction. None of the personal property will be conveyed with the sale. Bidding signifies agreement to all disclosures. 6. The contract to purchase this property is subject to the seller being able to provide an insurable title. Purchaser will pay all closing costs associated with this transaction with the exception of the seller providing owners title insurance and pro-rated taxes. All other expenses will be paid by Buyer. 7. All adjustments of taxes or other pro-ratable items on this property shall be prorated as of the date of closing. 8. Bidding signifies you have read and are in agreement with terms and conditions of the today's contract. If you do not agree, do not bid!! 9. If you wish to be a back up bidder, please see me after the auction and we will put you on the list in the event the high bidder does not close. We will contact you and invite you to purchase the property. There is no obligation to purchase and no signature is required. This is a matter of reference only. 10. The auctioneer controls the bidding, corrects any mistakes made and determines how to handle tie bids. 11. Neither Auctioneer nor Seller shall be liable for any personal injury on the sale premises. Buyer assumes all risk and liability whatsoever resulting from the use of the item(s) sold hereunder, and shall defend, indemnify, and save harmless Seller and Auctioneer from any liability. 12. Any unresolved complaint with H5 Auction & Realty should be directed to : Texas Department of Licensing and Regulations; P. O. Box 12157; Austin, TX 78711; 512-463-6511, www.tdlr.texas.gov.

SI-01 Lake Cherokee, Henderson TX will be offered for sale at auction on March 21st, 2019 at 2pm, with previews on March 2 from 12-2pm and March 12th from 4-6pm.   This lakefront home is for sale on Lake Cherokee, outside of Longview, TX. Being located only 2 hours from Dallas this lake home would make the perfect weekend getaway. It is also centrally located in East Texas and would be a quick commute to Tatum, Henderson, Kilgore, Longview, Marshall, Tyler and many other communities in the area. This Rusk county home is located in the Tatum School District. This charming lakefront home has 2075 sq ft with 3 bedrooms, 3 bathrooms. One of the bedrooms is located upstairs in the loft. There is also an area upstairs that could be used as a playroom or home office. The master suite is located downstairs with French doors opening out to a beautiful lake view.  The master bathroom offers a walk-in shower, jetted tub, and a walk-in closet with built ins. The large living area boasts beautiful vaulted wood ceilings and is open to the dining area as well as the kitchen.This property sits on 1.02 acres with a single slip boathouse with electric lift. The driveway has been recently paved and has a carport and a storage building. Located on 1716, across from Lees Creek, you will not have to navigate lake roads. This home is perfect as a weekend getaway, retirement home or for your small or growing family.