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Method and Terms
Method and Terms
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Method and Terms
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Method and Terms

Method and Terms

Lot Closed

Auction by Sullivan Auctioneers, LLC(5362)
This item is in Mendon, IL

Similar Items

Overview of Method and Terms

Item Details


This lot is informational and may be used for test bidding - place your actual bids below on Lot #1.

The Terwelp property will be sold by the acre based on 132.9 surveyed acres.

Immediately following the auction, the successful bidder will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment which will be held in escrow until the closing. The balance of the purchase price will be due at closing which will be on or before September 17, 2021. The seller will pay the 2021 real estate taxes due and payable in 2022 and is retaining all the crop income for 2021. Title insurance in the full amount of the purchase price will be provided by the seller. Full possession will be given at the time of closing subject to a 2021 crop tenancy & hunting lease.

Bidding is NOT subject to the following contingencies, including but not limited to: financing, appraisal, or inspection.

All announcements made sale day take precedence over prior advertising either written or oral. The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers, LLC pertaining to this property. Real estate is being sold "AS IS".

CLICK HERE TO VIEW PURCHASE AGREEMENT

Tim & Lisa Terwelp

Representing Attorney:
Dennis G. Woodworth
Blickhan, Timmerwilke & Woodworth
226 North Sixth Street
Quincy, IL 62301
(217) 221-4200

Auction Managers:
John Sullivan (309) 221-6700
Dan Sullivan (319) 795-1833

Payment

Immediately following the close of the auction, the successful bidder will be required to enter into a purchase agreement. Purchase Agreement will be emailed to address on file and contract must be returned via email or fax. Immediately following the close of the auction, the successful bidder will be required to pay a non-refundable deposit as outlined in Lot #0 - Method & Terms. Failure to execute and return contract with deposit will be considered in default. Bidding on the property is not contingent on financing, appraisal or any other contingencies.
CheckWire Transfer

Auction Details

Adams County, IL Land Auction - TerwelpOnline Event, Mendon, IL, 62351Monday, Aug 16, 2021 | 10:00 AM CDT

Auction House

Sullivan Auctioneers, LLC
Sullivan Auctioneers, LLCHamilton, IL(5362)
Contact Auction House

Terms Of Sale

Property is offered under the specific terms provided in the printed and electronic versions of the auction brochure. Any and all inspections are the responsibility of the buyer prior to auction. Buyer is responsible for reviewing auction listing prior to close of sale to inspect any changes, corrections, or additions to property information. Property is being sold as is. Announcements sale day take precedence. Immediately following the close of the auction, the successful bidder will be required to enter into a purchase agreement. Purchase Agreement will be emailed to address on file and contract must be returned via email or fax. Immediately following the close of the auction, the successful bidder will be required to pay a non-refundable deposit as outlined in Lot #0 - Method & Terms. Failure to execute and return contract with deposit will be considered in default. Bidding on the property is not contingent on financing, appraisal or any other contingencies. Sullivan Auctioneers, LLC are licensed auctioneers representing the seller(s) in this transaction. Sullivan Auctioneers, LLC reserves the right to deny registration.
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