By bidding on an item in this sale you agree to the following terms.
<b>Terms and conditions:</b> Absolute Auction! Property offered without minimum or reserve bid. Offered in 9 individual tracts of 4.11 ac. to 35.20 ac. or as one entire 195+- acre unit, selling in the manner realizing the greater return. Successful bidder shall deposit 15% irrevocable earnest money auction day with the balance due in certified funds upon closing on or before November 4, 2017. OR ATTRACTIVE SELLER FINANCING OFFERED! Contract for deed with 30% total down payment, balance amortized up to 5 years, including 6% interest. Sold without buyer contingency of any kind, have financial arrangements secured prior to bidding. Marketable title will be transferred by Warranty Deed subject to any easements, restrictions, covenants and reservations of record. Possession and risk of loss transfer upon closing. A policy of title insurance will be furnished and is available for your inspection prior to the auction. 2016 and prior year taxes will be paid by the seller, 2017 taxes will be prorated to closing date based on the 2016 tax levy. Descriptions and information are from sources deemed reliable, however, neither Seller nor Auctioneer/Brokers are making any guarantees or warranties, actual or implied. Property sold "AS-IS", inspect the property to the extent deemed necessary on and off the premise and rely on your own judgment when bidding. Auctioneer/Brokers are representing the Seller's interests in this transaction. Announcements made at the auction take precedence over any printed material or prior representations.
Preview Dates/Times:
<b>Property located</b> 8 miles south of PRINGLE, SD on Hwy. 89, 1 ¾ miles west on Mountain Lion Lane, right on Buffalo Butte Rd. to Canyon Rim Ranch Road, watch for signs. "Located half way between Custer & Hot Springs, SD"
Feel free to inspect the property at your convenience; approximate location of corners are marked with blue/white ribbon, maps available onsite OR Auctioneers/Brokers will be at the property on Wednesdays September 20 & 27 from 2 to 4 pm each day, or by appointment. Bring your saddle horse or ATV, wear hiking shoes, and plan on spending considerable time inspecting each tract, as viewing from the road will not do the property justice!
Auction Dates/Times:
Live webcast bidding will begin on Wednesday October 4, 2017 at 10:30 am MT. Online pre-bidding available beginning on Wednesday, September 27, 2017 at 6:00 am MT.
Checkout Dates/Times:
Successful bidders shall deposit 15% irrevocable earnest money auction day, with the balance due upon closing November 4, 2017. Wiring instructions can be provided upon request. SELLER FINANCING OFFERED. View terms and conditions for details.
---REGISTRATION---
A credit card is required for auction registration to verify the identity of our bidders and to protect the integrity of our bidder's pool. Thank you for your cooperation.
If you believe you have registered but have not been asked to enter your credit card information YOU HAVE NOT FINISHED THE REGISTRATION PROCESS. The first lot you bid on will prompt you to enter your credit card information. Please bid early to ensure you are completely registered.
<h2>METHOD OF SALE</h2>
The following procedure will be used today to determine the new owner(s) of the CBJJ, LLC Southern Black Hills Recreational/Residential Property located in Custer County SD.
Please read the following procedure carefully, the Auctioneers - Brokers will answer any questions you may have prior to the opening bid.
1. To become a qualified bidder you must register and obtain a bidder's number. A credit card is required for auction registration to verify the identity of our bidders and to protect the integrity of our bidder's pool. Property will be offered as follows: Please refer to the live video/audio screen listing lot/tract numbers, amount bid, bidder #, and "Hold"/"Sold columns throughout the course of the auction.
<mark>*Note: You will need Adobe Flash Player installed to receive the live Video/Audio. Not all devices support Adobe Flash Player (some tablets, cell phones, etc.) You will still be able to bid but will not receive live Video/Audio.</mark>
2. Property will be offered as follows: Please refer to the computer screen listing lot numbers, acreages, $ bid per lot, total bid, bidder number, and status columns throughout the course of the auction.
2. After opening statements and any questions the Auctioneer will ask for opening bids on high bidder's choice of the 8 individual lots. All bids taken will be in <b>US dollars PER ACRE,</b> multiplied by the number of acres in the lot(s) of your choice. As high bidder you may choose any individual lots or any combination of lots offered. Auctioneers will calculate the bid, place your bidder number, and note "Hold" in the appropriate columns.
3. Auctioneers will then ask for bids on any remaining lots in the same manner until a price has been established on all 8 individual lots.
4. After a price has been determined on each individual lot, the electronic board will show the 8 individual lot prices as well as a combined total amount bid on all 8 lots. The ENTIRE UNIT (8 lots combined), will then be offered at a price over and above this amount in <b>US dollars PER ACRE.</b> Auctioneers reserve the right to set the minimum acceptable raise. The high bid on the Entire Unit will then be calculated and posted. If no bidding occurs on the entire unit, Auctioneers will offer and SELL the 8 individual Lots in consecutive order, ALL BIDS WILL BE FINAL.
5. However, the property will be offered in 8 individual lots and as an entire unit until no further bids are received one way or the other. Multiple rounds of bidding may occur*. Once the property is offered, either individually or as an entire unit, without establishing an overall amount greater than the current high bid, the property will not be offered in that manner again. Upon determining the manner of sale, either in individual lots or as an entire unit, bidding will be opened briefly to establish the successful bidder(s).
*Note: In the event that bidding occurs on the entire unit, individual lot bidders will be given the opportunity to advance their own bids in an attempt to achieve an overall amount greater than the entire unit bid.
6. Your competitive bidding, not the auctioneers, determines how many rounds will be held to determine the sale price and owners(s).
7. "Sold" will be noted on the screen next to the appropriate lot(s). All property will be sold to the highest bidder(s) at absolute auction without minimum or reserve bid!
<mark>*Note: This is a multi-parcel auction. Online bidding may potentially be re-opened numerous times on each individual tract and on the entire unit before the final price is determined. As an online bidder, it is important to understand this method of sale and to closely follow the updated prices of each tract and the entire unit as the auction progresses.
The online bidding platform does not save internet bidder information when a lot is reopened. This information will be provided to internet bidders via the live "Video/Audio" and through the chat window. If a lot is reopened and an internet bidder had the leading bid, the bid will show as a "Floor Bidder" on the bidding site. The auctioneer will announce the leading internet bidders bid number and amount bid, and the internet bidders bid number and amount bid will be posted to the chat screen.
Please do not attempt to bid via the chat window.</mark>
***ONLINE AUCTION DISCLAMER***
When using our online auction services, you are making firm commitments to purchase said item(s) and are entering into a legal and binding contract. Bids may not be cancelled or retracted for any reason. Nonpaying bidders or fraudulent bidding will subject you to legal recourse and possible criminal charges including any fraud and/or interstate commerce violations. You also acknowledge that the Internet may be an unreliable and error prone network. Bradeen Auctions will not guarantee that bids placed online will always be transmitted to or received by the auctioneer in a timely fashion. You agree to hold Bradeen Auctions and their employees harmless for any interruptions in online bidding. Further, the auctioneer has the sole discretion to accept or refuse any bid. Bradeen Auctions retains the right, at our sole discretion, to add, delete or change some or all of our online services and the terms and conditions governing their online auctions at any time without notice. Bradeen Auction further reserves the right to cancel and/or reopen the auction in the case of system failures.
If you have any questions or need further assistance, please contact Bradeen Auctions at (605) 673-2629 or email auctions@bradeenauction.com.?