Auction Terms & Conditions The property is being sold subject to advertised sale terms and any announcements made at the auction plus the following TERMS below:
ONLINE INTERNET TERMS: Those wishing to participate online as potential interested parties/bidders shall register at least 24 hours prior to the auction and complete the online registration at www.danpikeauction.hibid.com in order to bid online. All online registration requirements MUST be completed 24 hours prior to the day of the auction. Buyer acknowledges that the auction company is not liable for any technology or internet disruptions and buyers/bidders agree hold the auction company harmless should there be any such disruptions. It is the buyer's responsibility to listen carefully to the audio portion of the broad cast when placing their bid as the video portion may lag slightly behind the actual bidding. All recognized bids are the discretion of the auctioneer. Bidder's are liable for their bids placed during the auction until the auctioneer declares the auction closed. The auction will be audio & video recorded and those recordings will serve as a record for the auction and may be used should anything arise later.
REAL ESTATE AUCTION SALE TERMS:
The property will be offered in 3 tracts & in combination through our multi-parcel board bidding system. If the farm is sold in separate tracts to separate buyers the Seller's will provide a survey of the separate tracts and the actual number of deeded acres sold will be adjusted at closing to the surveyed number of acres in those tracts. The Buyer or Buyers shall enter into a purchase agreement and make a 20% Non-Refundable down-payment the day of the auction. The closing shall be held on January 15, 2021 with the balance being due and payable in full at closing. Farm is being sold subject to a cropland lease for 2020 with the Sellers retaining the 2020 lease & CRP payments. The Buyer or Buyers will be assigned the future annual Energy Rent/Wind Rights & Turbine Rent/Wind Turbine Payment income as assigned to the prospective tracts. The Sellers will be retaining all of the Construction Payment for the wind turbine that is located on the South Half of the Northeast Quarter. The sale will NOT be contingent upon any buyer financing. The buyer is responsible for all real estate taxes that are due and payable in 2021 and thereafter. Property is being sold "AS IS", Property is being sold subject to any easements including road, drainage, utility or other easements of record or pending. The sellers do not warranty or guarantee that existing fences lie on the true boundary and any new fencing, if any, will be the responsibility of the purchaser pursuant to MN statues. The buyers are responsible for all inspections of the property prior to their purchase of it. The sale is subject to the seller's approval. Any statements made at the auction may take precedence over any printed information. Auction Company & Staff represent the seller in this transaction.
PROCEDURE: We will be offering the property as 3 parcels & in combination through our multi-parcel board bidding program. It will be sold in whichever way generates the highest value. Please contact the auction company prior to the day of the auction if you have questions on how this system works and how to bid.
NON-REFUNDABLE EARNEST MONEY DEPOSIT: Buyer(s) shall make a Non-Refundable 20% earnest money payment of the accepted bid price as down payment on the day of auction with the balance in cash at closing. Your bidding is NOT subject or conditional upon any buyer financing, so be sure that you have arranged financing, if needed, and are capable of paying cash at closing.
ACCEPTANCE OF BID PRICES: Each successful bidder will be required to execute the Real Estate Purchase Agreement, if the Buyer is at the auction site immediately following the close of the auction or if the Buyer is bidding ONLINE by email or fax on the day of the auction. All such Real Estate Purchase Agreements are then subject to the Seller's written acceptance.
AGENCY: Dan Pike Auction Company, LLC. and their representatives are the Auctioneers and exclusive agents of Seller.
DISCLAIMER & ABSENCE OF WARRANTIES: All information contained here and all related materials are subject to the terms and conditions outlined in the Real Estate Purchase. Buyer has had ample opportunity to inspect the Property and is familiar with the Property, and agrees to accept the Property "AS IS" in its current condition. Seller provides no warranties as to the condition of the Property, the accuracy of apparent physical conditions of Property attributes, or the existence or condition of personal property or fixtures, if any. The Property and any improvements are sold "AS IS, WHERE IS, WITH ALL FAULTS". Seller makes no representation or warranty, and Buyer hereby knowingly and voluntarily assumes any and all risks, as to: environmental conditions; water quantity, quality or the existence or condition of the water delivery system(s) (if any); the accuracy of the acreage as set forth in any advertisements; and, the condition, existence or improvement of any easements, property lines or fence locations, if any, in relation to Property boundary lines. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, surveys, inquiries, and due diligence concerning the Property. The information provided is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. The conducting of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the person's credentials, fitness, etc. All decisions of the Auctioneer are final. The sale is subject to the Sellers approval. AUCTIONEER RESERVES THE RIGHT TO WAIVE ANY AND ALL FORMALITIES OF SALE. Any statements made at the auction may take precedence over any printed information.
INSPECTION & METHOD OF SALE: Inspection of the property is the responsibility of the potential bidders/buyers prior to the auction. Due to the currant COVID 19 regulations and rules regarding public gatherings it is encouraged that interested parties use our online bidding platform through www.danpikeauction.hibid.com to participate in the auction. Please register for online bidding at least 24 hours ahead of the auction. For those that wish to participate and possibly bid, but don't have access to an internet connection and would rather bid by phone that can be arranged as well by calling the Dan Pike Auction company at least 24 hours ahead of the auction to register and make arrangements. This property will be offered via On-line & Live Simulcast webcast public auction. We will be offering the property as 3 parcels & in combination through our multi-parcel board bidding program. It will be sold in whichever way generates the highest value. Those wishing to bid online should register at least 24 hours prior to the auction by going to www.danpikeauction.hibid.com. There will be NO "Buyers Premium" for either online or in person bidders.
For Additional Property Information: Go to our web site at www.danpikeauction.com and check the information brochure/booklet or call Dan Pike at the Dan Pike Auction Company at 507-847-3468.
Seller User Terms
Bidder User Terms