METHOD & TERMS
Tracts 1 – 11 will be sold on a price per acre basis, and offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect any of the tracts for their high bid. Any remaining tracts will continue to be offered “Buyer’s Choice” until all tracts have been elected. Tract 12 will be sold last for the total dollar amount or “lump sum”. The tracts will NOT be offered in their entirety at the conclusion of the auction. Immediately following the auction, the successful buyer 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 Wednesday, December 18, 2024. The seller will provide title insurance in the full amount of the purchase price and pay the 2024 real estate taxes, due and payable in 2025. Provided the final closing has occurred possession will be granted the earlier of February 28th, 2025 or upon the removal of the 2024 growing crops. Possession on the grain bins and farm buildings will be on or before June 1, 2025. 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, a BigIron company, pertaining to this property. Real estate is being sold “AS IS”.
ADDITIONAL INFORMATION, SOIL MAPS, PHOTOS & BIDDING AVAILABLE ONLINE: WWW.SULLIVANAUCTIONEERS.COM AUCTION TO BE CONDUCTED AS A VIRTUAL, ONLINE AUCTION. IF YOU NEED ASSISTANCE WITH BIDDING, PLEASE CONTACT OUR OFFICE AT (844) 847 - 2161
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