Clay County Pivot Irrigated Land Auction

Ruhter Auction & Realty Inc.

 

Date(s) 1/18/2021 - 2/26/2021

This is a simulcast auction with both live and online bidding available.

Past Auction
Bidding Notice:

This is a simulcast auction. Bidding can take place online or at the live auction. DO NOT WAIT until the last day to register for this auction. You may lose out on bidding if there are any complications with the system. You can register and then wait to place a bid but it is very important to get registered as soon as possible. Maximum bids are encouraged that allows the computer to bid on your ... Show More

Auction Notice:

NO BUYER PREMIUM.

Auction Information
Name Clay County Pivot Irrigated Land Auction
Auctioneer
Type Live Webcast Auction
Date(s) 1/18/2021 - 2/26/2021
Auction Date/Time Info
This is a simulcast auction with both live and online bidding available.
Preview Date/Time Preview farm anytime. Currently cattle grazing the stocks! Be mindful of fences. There is a gate at the SE corner of the field.
Checkout Date/Time Auction will be over at approximately 10:30AM on February, 26th, 2021.
Location
Buyer Premium No Buyer Premium
Description
Pivot irrigated farm, Good soils, 2013 T-L pivot, Excellent underground water supplies, in an area with competitive markets.
Terms & Conditions. By placing a bid, bidder acknowledges that they have read and accepts all terms and conditions. It is the responsibility of the buyer to understand all terms and conditions prior to bidding! Bidding: The property will be offered in 1 tract. Bids will be recognized in the order received. In the event of a tie bid between an internet bidder and a bidder on the floor, the bid on the floor will be given priority. Internet connections may be delayed or unreliable as the sole source of communicating a bid to the Auctioneer. Neither the Seller nor Ruhter Auction & Realty, Inc. shall bear any responsibility for internet connections or delayed bidding. INTERNET BIDDERS - Please register to bid online at least 48hours prior to Auction day. Late registrations shall be accepted at the discretion of Ruhter Auction & Realty, Inc. Online Bidders will be required to speak with a company representative in order to complete the bidding approval process. By placing a bid you are entering into a contractual agreement with the seller to purchase the real estate should you be the highest bidder. Failure to follow through with your role in the transaction will result in negative consequences up to and including legal action to recoup damages caused to seller due to breach of contract. This is a simulcast auction, bidding can take place online or at the live auction. Property sold "As Is, Where Is," with no warranty or guarantees, expressed or implied, by the seller or Ruhter Auction & Realty, Inc. Bidders accept the property "WITH ALL FAULTS", whether or not immediately apparent. It is strongly recommended that bidders inspect the property before placing a bid. Auction Software and Ruhter Auction & Realty, Inc. will not be held liable for any software or software malfunctions. Winning bidder will be notified of acceptance of the high bid immediately after the auction is closed. Successful bidder will then be required to enter into a standard purchase agreement with the Seller. A 20% earnest money deposit of sale price will be required within 24 hours that is non-refundable if buyer fails to close. The remaining balance will be due at closing and presentation of merchantable title by seller on or before 30 days from acceptance. Real Estate Taxes will be paid by the seller (2020). Title insurance will be split equally between buyer and seller. Property sold "As-Is Where-Is condition. POSSESSION: Will be granted for agricultural purposes March 1, 2021. Terms: A payment equal to 20% of the purchase price will be due the day of the Auction. The balance will be due on or before March 26, 2021 by Cash, Certified Funds or a Direct Wire Transfer to the Trust Account of the Closing Agent. A Title Insurance Binder indicating Marketable Title Vested in the names of the Sellers will be provided. Cost of that Title Insurance will be split equally between the buyers and the sellers. All Personal Property included in the sale of these properties sells in as is condition without any warranty expressed or implied. The 2020 and all prior taxes will be paid by the Sellers. The 2021 and all subsequent taxes will be the responsibility of the buyer. Final bids are subject to seller confirmation. Announcements: All inspections required by the purchaser will need to be made prior to the Auction date. This sale is not contingent upon financing and while the information presented in marketing materials and on Auction day were obtained from sources deemed reliable, neither Ruhter Auction & Realty, Inc or the seller makes any guarantees or warranties as to the accuracy. This property sells "AS IS WHERE IS" with no warranties either expressed or implied. Any annoucements made Auction day by Ruhter Auction & Realty, Inc will take precendence over any previous oral statement, printed materials, or any other communication. Acres & Mapping: The maps used in promotional materials and at the Auction may not be to scale and are meant for illustrative purposes only. The acres represented on these promperties are simply used as a multiplier for total sales price. A complete survey has not been completed; however, we have used the best sources available to us in determining the correct acreage, but they are not guaranteed. Auction Method: Bidding increments are at the discretion of the auctioneer. Any absentee bids or bidding on behalf of another person or entity must be APPROVED by Ruhter Auction & Realty, Inc and the seller. FSA payments associated with the 2020 Crop Year will be retained either by the Sellers or their current tenants. Any crops planted on the offered tracts will become in possession of the new buyer. Although great care was used in gathering the information provided in this listing and the PIP, contents are not guaranteed. Interested parties should conduct their own due diligence. All agents of Ruhter Auction & Realty Inc. are agents of the Sellers in this transaction. Sellers: Dennis Hoins & Gail Hoins Ruhter Auction & Realty, Inc. is acting as an agent for the sellers.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 100.00 5.00 USD
100.01 - 1,000.00 25.00 USD
1,000.01 - 9,750.00 100.00 USD
9,750.01 - 100,000.00 100.00 USD
100,000.01 - 9,999,999.99 10,000.00 USD
Currency USD
Buyer Premium No Buyer Premium
Payment Terms
20% down day of auction balance due upon closing, on or before March 26, 2021 Title insurance & closing cost split 50%/ 50%buyer-seller. Property sells subject to easements, restrictions and covenants, if any of record.
NA
Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.