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This lot is INFORMATIONAL ONLY - Method and Terms
This lot is INFORMATIONAL ONLY - Method and Terms

This lot is INFORMATIONAL ONLY - Method and Terms

Lot Closed

Auction by PCRE Real Estate & Auction Inc.(276)
This item is in Pittsfield, IL

Similar Items

Overview of This lot is INFORMATIONAL ONLY - Method and Terms

Item Details

AUCTION METHOD: ALL TRACTS WILL BE OFFERED IN THE METHOD OF BUYERS CHOICE, WHERE, UPON WINNING THE HIGHEST BID, EACH BUYER CAN SELECT ANY OR ALL OF THE THREE TRACTS IN ANY ORDER. IF ALL TRACTS ARE NOT SELECTED, AUCTION WILL CONTINUE UNTIL EACH OF THOSE TRACTS HAS BEEN SOLD TO THE HIGHEST BIDDER. THE TRACTS WILL NOT BE OFFERED IN THEIR ENTIRETY, OR ANY COMBINATION OF TRACTS, AT THE END OF THE SALE. FINAL ACREAGE FOR TRACTS 1 & 2 WILL BE DETERMINED BY SURVEY TO BE COMPLETED PRIOR TO CLOSING. FINAL PURCHASE PRICES WILL BE BASED ON THE SURVEYED ACREAGES. ALL SALES WILL BE SUBJECT TO SELLER APPROVAL. ****************************************************** TERMS & CONDITIONS: IMMEDIATELY AFTER THE CONCLUSION OF THE AUCTION, BUYERS WILL ENTER INTO A WRITTEN PURCHASE AGREEMENT WITH THE SELLER AND WILL PUT 10% NON-REFUNDABLE EARNEST MONEY AS A DOWN PAYMENT, WITH THE BALANCE BEING DUE IN FULL ON THE DATE OF CLOSING, ON OR BEFORE MONDAY, FEBRUARY 28, 2022. SELLERS ARE RESPONSIBLE FOR PROVIDING TITLE INSURANCE AND A CLEAN, MERCHANTABLE TITLE, AND WARRANTY DEED TO BE CONVEYED TO BUYER UPON CLOSING. THE 2021 REAL ESTATE TAXES WILL BE THE RESPONSIBILITY OF THE SELLER. THE 2022 REAL ESTATE TAXES WILL BE PRORATED TO THE DATE OF CLOSING, WITH BUYER RECEIVING CREDIT AT CLOSING FOR THE TOTAL ESTIMATED AMOUNT OF THE 2021 & PRORATED 2022 REAL ESTATE TAXES. MOVING FORWARD, BUYER WILL BE RESPONSIBLE TO PAY ALL SUBSEQUENT TAX BILLS ISSUED FOR THE TRACT BEING PURCHASED. POSSESSION TO BUYER CONVEYS AT CLOSING, INCLUDING THE 2022 FARMING RIGHTS. THE BIDDING IS NOT SUBJECT TO FINANCING, APPRAISALS, OR INSPECTIONS OF THE PROPERTY. ALL INFORMATION PRESENTED IN RELATION TO THE SUBJECT PROPERTY INCLUDING, BUT NOT LIMITED TO THE DETAILS, ACREAGES, MAPS, PHOTOS ARE DEEMED ACCURATE, BUT ARE NOT WARRANTED. EACH TRACT IS BEING SOLD ?AS IS.? ALL ANNOUNCEMENTS ON DAY OF SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUS ADVERTISING.

Representing Attorney:
Ronald Hoskin, Lowry & Hoskin, LLP
130 South Madison - Pittsfield, Il 62363

Title Work to be completed by:
Western Illinois Title Services, LLC
130 South Madison - Pittsfield, Il 62363

Jason Duke - Managing Auctioneer ~ Il Lisc #441002141
217-430-2985
www.pcrerealestate.com

Payment

AUCTION METHOD ALL TRACTS WILL BE OFFERED IN THE METHOD OF BUYERS CHOICE, WHERE, UPON WINNING THE HIGHEST BID, EACH BUYER CAN SELECT ANY OR ALL OF THE THREE TRACTS IN ANY ORDER. IF ALL TRACTS ARE NOT SELECTED, AUCTION WILL CONTINUE UNTIL EACH OF THOSE TRACTS HAS BEEN SOLD TO THE HIGHEST BIDDER. THE TRACTS WILL NOT BE OFFERED IN THEIR ENTIRETY, OR ANY COMBINATION OF TRACTS, AT THE END OF THE SALE. FINAL ACREAGE FOR TRACTS 1 & 2 WILL BE DETERMINED BY SURVEY TO BE COMPLETED PRIOR TO CLOSING. FINAL PURCHASE PRICES WILL BE BASED ON THE SURVEYED ACREAGES. ALL SALES WILL BE SUBJECT TO SELLER APPROVAL. TERMS & CONDITIONS IMMEDIATELY AFTER THE CONCLUSION OF THE AUCTION, BUYERS WILL ENTER INTO A WRITTEN PURCHASE AGREEMENT WITH THE SELLER AND WILL PUT 10% NON-REFUNDABLE EARNEST MONEY AS A DOWN PAYMENT, WITH THE BALANCE BEING DUE IN FULL ON THE DATE OF CLOSING, ON OR BEFORE MONDAY, FEBRUARY 28, 2022. SELLERS ARE RESPONSBIBLE FOR PROVIDING TITLE INSURANCE AND A CLEAN, MERCHANTABLE TITLE, AND WARRANTY DEED TO BE CONVEYED TO BUYER UPON CLOSING. THE 2021 REAL ESTATE TAXES WILL BE THE RESPONSIBILITY OF THE SELLER. THE 2022 REAL ESTATE TAXES WILL BE PRORATED TO THE DATE OF CLOSING, WITH BUYER RECEIVING CREDIT AT CLOSING FOR THE TOTAL ESTIMATED AMOUNT OF THE 2021 & PRORATED 2022 REAL ESTATE TAXES. MOVING FORWARD, BUYER WILL BE RESPONSIBLE TO PAY ALL SUBSEQUENT TAX BILLS ISSUED FOR THE TRACT BEING PURCHASED. POSSESSION TO BUYER CONVEYS AT CLOSING, INCLUDING THE 2022 FARMING RIGHTS. THE BIDDING IS NOT SUBJECT TO FINANCING, APPRAISALS, OR INSPECTIONS OF THE PROPERTY. ALL INFORMATION PRESENTED IN RELATION TO THE SUBJECT PROPERTY INCULDING, BUT NOT LIMITED TO THE DETAILS, ACREAGES, MAPS, PHOTOS ARE DEEMED ACCRUARTE, BUT ARE NOT WARRANTED. EACH TRACT IS BEING SOLD “AS IS.” ALL ANNOUCEMENTS ON DAY OF SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUS ADVERTISING.
CheckWire TransferCash

Auction Details

Minerva Yeung & Boon Lock-Yeo Farm Sale500 Piper Lane, Pittsfield, IL, 62363Tuesday, Jan 18, 2022 | 10:00 AM CST

Auction House

PCRE Real Estate & Auction Inc.
PCRE Real Estate & Auction Inc.Pittsfield, IL(276)
Contact Auction House

Terms Of Sale

PCRE Real Estate & Auction Inc. terms and conditions. Bidder agrees to be bound by the terms that follow, if bidding online. Bidders are required to register with proper identification prior to bidding and must use the paddle number issued to them from Proxibid when bidding. Online bidders are required to register with Proxibid. Registering through Proxibid requires a valid credit card as a security measure. All items sold as is where is. All announcements made at the auction shall supersede any prior advertising. Any/all Purchasers will be expected to rely upon his/her personal inspection or investigation of the property being offered at the Auction, or that of an approved party to Buyer, and not upon any representation of warranty or condition by the Seller or the Auction Company. Seller or Auction Company will, in NO WAY, be held responsible for any discrepancies, damage or loss of any property of Buyer once the Auctioneer says SOLD. PCRE Real Estate & Auction Inc., is providing Internet pre-auction and live 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 PCRE Real Estate & Auction Inc., or anyone else if the Internet service fails to work correctly before or during the live auction. PCRE Real Estate & Auction, Inc., will not be responsible for any missed bids from any source. Internet bidders who desire to make certain their bid is acknowledged should use the proxi-bidding feature and leave their maximum bid 24 hours before the auction begins. PCRE Real Estate & Auction, Inc. reserves the right to withdraw or re-catalog items in this auction. OUR EMAIL ADDRESS IS – pcreauctions@gmail.com
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