METHOD & TERMS
Tracts 1-7 will be sold on a price per acre basis, based on a survey that is currently in progress, and will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect any or all 7 tracts for their high bid. If the high bidder does not elect all tracts, then the remaining tract(s) will be offered “Buyer’s Choice” until all 7 tracts have been elected. Then we will sell Tract 8 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 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 September 22, 2023 upon delivery of a merchantable abstract and deed. Possession will be given at the time of closing, subject to the current lease. Contact the auction manager for lease details. Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property. All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements and on our website 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”.
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