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Farmland Method & Terms
Farmland Method & Terms

Farmland Method & Terms

Lot Closed

Auction by Sullivan Auctioneers, LLC(5362)
This item is in Online Event, IA

Similar Items

Overview of Farmland Method & Terms

Item Details


The Nelson farm will be sold based on the advertised taxable acres on a price per acre basis. Bidding is NOT contingent to financing.

Ten (10%) percent of the bid price to be due on the day of sale with the balance due in approximately 30 days, on or before Monday, May 11, 2020 upon delivery of a merchantable abstract and deed. Immediately following the auction, the successful bidder shall enter into a written agreement with the seller. The real estate taxes will be prorated to the date of closing. Full possession will be given at the time of closing on both tracts. Upon the receiving the 10% down payment and proof of liability insurance, early procession will be granted for TILLAGE PURPOSES ONLY. This tract sells free and clear for the 2020 crop season.

Special Provisions

  • This real estate is selling subject to public road easements and all other easements of record.
  • All fences and fence lines shall be governed by the Jefferson County and State of Iowa fence line rules and regulations.
  • It will be the responsibility of the new buyer(s) to show proof of purchase to the Jefferson County FSA Office so that he/she will receive any future government payments.
  • If in the future a site clean up is required, it will be at the expense of the buyer.

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".

CLICK HERE FOR PURCHASE AGREEMENT

Representing Attorney:
Michael C. Vance
Vance Law Office
101 N. Jefferson St., PO Box 469
Mt Pleasant, IA 52641
Phone: (319) 385-3736


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 equal to 10% of the total purchase price. The balance of the purchase price is due at closing. 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

Jefferson County, Iowa Land & Real Estate AuctionOnline, Online Event, IA, 99999Friday, Apr 10, 2020 | 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 equal to 10% of the total purchase price. The balance of the purchase price is due at closing. 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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