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Method & Terms{"message":"In _app.tsx child of Layout","renderCount":1}
Method & Terms
Lot Closed
Auction by Sullivan Auctioneers, LLC(5362)
This item is in Quincy, IL
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Item Details
This lot is informational and may be used for test bidding - place your actual bids below on Lots #1-3.
The Terstriep real estate will be sold in a live - virtual online auction. All 3 tracts will be sold by the acre and based on surveyed acres. All 3 tracts will be offered through the marketing method of "Buyer's Choice" whereas the high bidder can purchase (in any order) any or all the tracts for their high bid. If the high bidder does not take all 3 tracts, then "Buyer's Choice" auctioning will continue until all the tracts have been elected. 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 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 closing. The balance of the purchase price will be due at closing which will take place on or before July 25, 2022. Seller will provide Title Insurance in the full amount of the purchase price and pay the 2021 real estate taxes, due and payable in 2022. The 2022 real estate taxes due in 2023 will be paid by the seller in full as the seller is retaining the 2022 crop income. Possession will be given at the time of closing subject to the current farm tenancy for the 2022 crop year. Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection.
All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, on our website or in our advertisements is believed to be accurate, however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, drone video footage, etc. are approximate. Buyers should verify all 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 SURVEY PLAT
CLICK HERE TO VIEW SURVEY PLAT - AERIAL OVERLAY
CLICK HERE TO VIEW TRACT 1 TITLE COMMITMENT
CLICK HERE TO VIEW TRACT 2 TITLE COMMITMENT
CLICK HERE TO VIEW TRACT 3 TITLE COMMITMENT
CLICK HERE TO VIEW TRACT 1 PURCHASE AGREEMENT
CLICK HERE TO VIEW TRACT 2 PURCHASE AGREEMENT
CLICK HERE TO VIEW TRACT 3 PURCHASE AGREEMENT
Lance & Christina Terstriep
Representing Attorney:
Andrew Staff
Staff & Staff
237 North 6th Street, Suite 200
Quincy, IL 62301
(217) 228-8470
Auction Manager:
Joe Sullivan (844) 847-2161
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 - TerstriepOnline Event, Quincy, IL, 62301Thursday, Jun 23, 2022 | 4:00 PM CDT
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.