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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
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Method and Terms
Method and Terms
Method and Terms

Method and Terms

Lot Closed

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

Similar Items

Overview of Method and Terms

Item Details

 

The acres in this advertisement are estimated.  A survey is in progress and will be completed prior to the auction.  Final surveyed acres will be used to constitute the final settlement price.  Tracts 1 & 2 will be sold on a price per acre basis and will be offered through the marketing method of "Buyer's Choice," whereas the high bidder can elect (in any order) either or both tracts for their high bid.  Buyer's Choice auctioning will continue until Tracts 1 & 2 have been sold.  Tract 3 will sell for a "lump sum" total dollar amount. The tracts will NOT be offered in their entirety at the conclusion of the auction.

Immediately following the auction, the successful buyer(s) will be required to enter into a written purchase agreement with the seller and pay ten percent (10%) of the bid price. The balance of the bid price will be due at the time of closing on or before Monday, December 28, 2020. Bidding is NOT contingent upon financing. Title insurance in the full amount of the purchase price will be provided by the seller. The 2020 real estate taxes, due and payable in 2021, will be paid by the seller. The 2021 real estate taxes & subsequent years will be paid by the buyer(s). Possession will be given at the time of closing subject only to the remainder of the 2020 crop tenancy. The farm sells free & clear for the 2021 crop year. There are no hunting leases associated with the property.

All announcements sale day shall take precedence over any 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, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to the property. This real estate is being sold "as is".

Open House: Monday, November 2nd from 4:00 - 6:00 P.M.

CLICK HERE TO VIEW UPDATED AERIAL MAP

CLICK HERE TO VIEW SURVEY OVERLAY

CLICK HERE TO VIEW TRACT 1 PURCHASE DOCUMENTS

CLICK HERE TO VIEW TRACT 2 PURCHASE DOCUMENTS

CLICK HERE TO VIEW TRACT 3 PURCHASE DOCUMENTS


Shirley Wittland Trust
Shirley Wittland - Trustee

Representing Attorney: 
Jeffrey L. Terry
Schmiedeskamp, Robertson, Neu & Mitchell LLP
525 Jersey Street
Quincy, IL 62301
Phone: 217-223-3030

Auction Manager: John Borrowman (217) 430-0645


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.
Wire Transfer

Auction Details

Adams County, IL Land Auction - WittlandOnline Event, Quincy, IL, 62301Tuesday, Nov 24, 2020 | 1:00 PM CST

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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