From estate to farmland, Powell Auction & Realty has sold over $500M for Tennessee families in 50+ years in business. No hassle, just results.
5,000+ Successful Auctions
$500M+ in Total Sales for Our Clients
50,000 Items Sold Annually
250 Total Years of Combined Experience
With over 50 years of experience, we are the industry leader in real estate & estate sales.
We offer a comprehensive range of services including live & online auctions, traditional real estate listings, and personal property appraisals.
We are the largest auction company in East Tennessee, conducting hundreds of auctions on an annual basis.
Personal Property, Firearms, Coin Collections, Antiques, Collectibles, Furniture, Farm Equipment, and More!
Residential Properties, Farms, Acreage, Hunting Tracts, Commercial Land, Investment Properties, and More!
Find clear, honest answers to common question from a experience professional.
Individuals, estates, banks, and bankruptcy trustees, among others, own the properties that we sell at auction.
Yes, we recommend all of our buyers to inspect the property prior to making a bid. You may view the property during the property's scheduled open house, or during a private showing. Feel free to have a home inspection completed for your information or bring a contractor to help you know the cost of making repairs/renovations that you would like to do to the house. Please be sure to read and review any property information, including all disclosure documents that pertain to the home provided by Powell Auction & Realty. Once the auction is completed, the property will not be open for inspection, so we recommend that you complete your due diligence prior to your first bid.
For our online auctions, you will need to register online to bid. Once you register for the auction, we will approve you to bid. If the auction is live/in person, you will register to bid the day of the auction prior to the auction start.
This is what is collected from the winning. This money is used to help defray the auction expense costs so that they're not passed on the seller. The Buyer's Premium is 10% of the final bid price (ex. Bid $100,000 - Buyer's Premium = $10,000). This amount is collected from the buyer at the auction conclusion and is held as the buyer's non-refundable earnest money deposit.
You may, but you must remember that the auction sales contract is not contingent upon the buyer obtaining financing. In other words, when you sign the auction sales contract, you are guaranteeing that you will close on the property regardless of whether you obtain financing or not.
Closing generally occurs within 30-45 days of the auction ending. The exact date that you have to close by is listed in the Terms & Conditions for the auction. You will receive title/ownership upon payment of the purchase price and closing costs.
The auction sales contract is non-contingent, meaning that you cannot cancel the transaction for any reason. Once you have agreed to purchase the property, you are agreeing to complete the transaction and close on the property. There is no cooling off period or opportunity for you to reconsider. This fact makes it especially important that you conduct your due diligence prior to the auction so that you fully understand the process.
Our online auctions are setup to, in essence, mimic a live auction. We publish a closing time for our online auctions, but if someone places a bid on an item within the last 2 minutes of the auction, the closing time will extend for 2 additional minutes for that item. The closing times for items are set at a staggered closing time, so not all items will begin to close at the exact same time.
We have built a superior reputation of professionalism and integrity, while proving to be one of the nation’s top auction companies.
Our interest is simple – we want to help you earn the most possible for your assets. With multiple options at our disposal, we will always recommend the way in which the most revenue will be generatded for you. Our methods of selling open the capability of reaching a local, regional, national, and worldwide market of buyers.
This is about more than business to us. We want to earn not only your repeat business, but your trust, respect, and friendship.
We don’t just see you as a client, we see you as a partner. And as a partner, your interests become our interests. Whether you are a seller or a buyer, you have our commitment to work to exceed your expectations.
Our clients appreciate clear communication, dependable guidance, and a smooth, stress-free auction experience from start to finish.
Schedule a consultation today and get clear, reliable guidance for your estate needs. Our team is ready to help!

We are the largest auction company in East Tennessee, conducting hundreds of auctions on an annual basis.
Email: [email protected]
Phone:
Knoxville
6729 Pleasant Ridge Road
Knoxville, TN 37921
Greeneville
603 Tusculum Boulevard
Greeneville, TN 37745
monday: 8am - 5pm
tuesday: 8am - 5pm
wednesday: 8am - 5pm
Thursday: 8am - 5pm
friday: 8am - 5pm
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