START: 8/12/2019 12:13 PM END: 9/12/2019 11:00 AM
AUCTION TYPE: Personal Property Auction AUCTIONEER: Donnie Mcclellan
Wayne County Iowa Online Auction. 307 acres more or less of tillable and CRP with great hunting. This farm is on good gravel just a mile south of J20 southwest of Humeston. There is 150.4 acres currently under tillage with a CRS2 rating of 49. The farm is open for 2020 or you can take the $240 per acre cash crop rental that is offered. 110.34 acres are in CRP that expires in the fall of 2020. CRP payment is $17,246 annually. With the CRP, wooded draws and crop mix comes great Iowa Whitetail hunting. Hunting rights are leased for $3696. Total anual income with cash rent is $57,038. The farm lays out nice and has solid income. We offer agent coop to qualified brokerages. Online Auction ends September 12, 2019 at 11:00am. Owner will consider pre-auction offers. Call, text or email Donnie McClellan for complete details. 816-752-8880 email@example.com
Auction Terms & Conditions
This is an online only Auction: if you need help bidding please consult someone with bidding experience or computer knowledge to help you with this.
307 Acre Auction bidding ends 11:00 A.M. CDT Thursday September 12, 2019.
Any bid placed inside 5 minutes will extend the auction bidding another 5 minutes. This will continue until there are no more bids.
BIDDING IS ON A PER ACRE BASIS. WE WILL TAKE THE FINAL BID X ACRES OF PARCEL X 2% BUYERS PREMIUM.
Procedure: Land to be sold as one parcel
Buyer’s premium: A 2% buyers premium will be added to the high bid to equal the final contract price.
CONTRACT AND DOWN PAYMENT: Contract for purchase to be signed no later than 12:00 p.m. CDT September 12, 2019. A 10% down payment of the total contract purchase price will be due immediately after being declared the winning bidder. The down payment may be paid in the form of personal check, business check or cashier’s check and received within 3 business days. Earnest check to be made to Harvey Law Trust Account. The balance of the contract purchase price is due at closing. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.
POSSESSION: Possession will be given at closing.
Acceptance of bid prices: Successful bidders will sign an Agreement to Purchase immediately following the close of bidding. Sale of all real estate is subject to the confirmation of the Sellers.
CLOSING: Closing shall occur within 30 days or as soon thereafter as applicable closing documents are completed.
TITLE: Sellers shall furnish the buyer(s) at Seller’s expense a proper deed conveying merchantable title to the real estate to the buyer(s).
REAL ESTATE TAXES: Taxes will be prorated to closing date.
SELLERS: Central Grain Inc. and all representatives. All announcements made sale day take precedence over prior advertising either written or oral. The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed by the owners or Gilworth Real Estate and Auction. 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 this property. Real estate is being sold “As Is, Where Is”.