6/16 150 +/- Ac. Near Ringwood Jct., OK | Hwy Frontage

Wiggins Auctioneers, LLC

 

Date(s) 5/25/2021 - 6/16/2021

Wednesday - June 16, 2021 - 10:00 a.m.

Past Auction
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Bidding Notice:

The Seller nor the Auction Company is responsible in the event of loss of signal or delay of signal by either side.

Auction Notice:

Online Bidders Only: A 5% Buyers Premium will be added to the high bid to determine the purchase price.

Auction Information
Name 6/16 150 +/- Ac. Near Ringwood Jct., OK | Hwy Frontage
Auctioneer
Type Live Webcast Auction
Date(s) 5/25/2021 - 6/16/2021
Auction Date/Time Info
Wednesday - June 16, 2021 - 10:00 a.m.
Preview Date/Time During Daylight Hours
Location
Buyer Premium 5% Online Buyer's Premium
Description
150 +/- Acres Near Ringwood Jct. (Offering Four Tracts) | US 60 & SH 58 Frontage Excellent Commercial Location | Beautiful Home Sites | Good Sm. Grain/Livestock Land Outstanding Hunting | Ringwood Area, Major Co., OK AUCTION Wednesday June 16, 2021 10:00 a.m. Auction Location: Ringwood Community Building, 314 N. Main St., Ringwood, OK Main Features - Located at the NW/Corner of the Intersection of US 60 & SH 58 (Ringwood Jct.) - Excellent Commercial Location - High Traffic Count * Excellent Signage - Beautiful Home Sites - 70 +/- Acres of Blackjack Timber (Excellent Wildlife Habitat - Deer, Turkey, ,Pheasant & Quail) - Land has not been Planted for the Last Several Years but Carries a Base & Yield (According to the F.S.A. there are 74.32 +/- acres of cropland with a full wheat base & a 27 bu./ac. PLC yield) - Soil Types of Cropland Include - Meno & Dirby loamy fine sand, and Burford loam, all Class III; and Quinlan loams, Class IV - Ringwood School District Tracts Offered & Order of Auction (Each Tract has a Nice Combination of Grass/Cropland & Blackjack Timber) Tract #1 (36.6 +/- Usable Acres) described as the SW/4 of the SE/4 Less Hwy; Tract #2 (32.7 +/- Usable Acres) described as the SE/4 of the SE/4 Less 1.33 +/- acres & Less Hwy; Tract #3 (38.8 +/- Usable Acres) described as S/2 N/2 SE/4; & Tract #4 (38.8 +/- Usable Acres) described as the N/2 N/2 SE/4. Order of Auction: Tracts will be offered individually and in combinations to suit buyers. General Statements Legal Description for Entirety: SE/4 of Sec. 10, Twp. 22N, R10 W.I.M., Major Co., OK, Less & Except a 1.33 +/- acre tract in SE/corner & Less & Except that portion thereof previously conveyed for hwy use. '20 Taxes for Entirety: were approx. $191.00. The 2021 taxes will be prorated to the day of closing. Minerals: Do not sell. Possession: Possession is to be given upon payment in full of the purchase price & transfer of title, at closing. Registration: All bidders are required to register with valid form of ID and acknowledge and agree to auction terms & conditions. Absentee bidders who wish to authorize another person to bid/purchase on their behalf, please provide a letter of authorization. Contact the Auction Company for details. Terms: 10% of the purchase price is to be placed in escrow day of auction with the balance being due upon delivery of merchantable title. All information is taken from sources believed to be reliable; however, no guarantee is made by the auction company or its employer. Buyers should satisfy themselves as to acreage, crop base, condition, etc. prior to auction day. Announcements made day of auction take precedence. Contact Auction Managers, Perry Wiggins/Vicki Wiggins Allen, at 580.541.7941/580.554.4400 for any additional information you may need. Visit wigginsauctioneers.com for terms, details, photos, & online bidding! Seller: The Vonda L. Ruth Rev. Living Trust % Ray L. Ruth
1. I acknowledge that I have received a copy of the Auction Day Announcements packet, which includes information about the property, Auction Day Announcements (terms and conditions), Real Estate Purchase Contract, and Open Commitment for Title Insurance, if applicable. 2. I have read said Auction Day Announcements packet and understand and agree to abide by terms and conditions of the auction. 3. I currently have sufficient funds to meet the "Escrow Deposit" and further have the ability to fund and complete the transaction as outlined in the Real Estate Purchase Contract. 4. I have examined the Real Estate Purchase Contract and understand that it is a legally binding contract, which is not contingent upon financing, inspections, or anything which would prevent successful closing. 5. I understand the property is being sold "As-Is" and it is my sole responsibility to satisfy myself as to any inspections, current condition, usability, etc. prior to bidding. 6. I understand that if I am the successful bidder, I agree to complete and sign the Real Estate Purchase Contract immediately upon conclusion of the auction, and place a 10% escrow deposit as outlined in the Real Estate Purchase Contract. 7. I understand that my registration for the auction will not be accepted without providing name, address, phone, valid ID and signing and returning a copy of this form. By doing so, I am agreeing to and accepting the terms and conditions of the auction set forth in the Auction Day Announcements packet, and any announcements day of auction which supersede advertising. 8. I hereto agree to sign by electronic means, and that the electronic signature shall have the same force and effect as an original signature.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 100.00 2.50 USD
100.01 - 250.00 5.00 USD
250.01 - 500.00 10.00 USD
500.01 - 1,000.00 25.00 USD
1,000.01 - 2,500.00 50.00 USD
2,500.01 - 5,000.00 100.00 USD
5,000.01 - 10,000.00 250.00 USD
10,000.01 - 25,000.00 500.00 USD
25,000.01 - 9,999,999.99 1,000.00 USD
Currency USD
Buyer Premium 5% Online Buyer's Premium
Payment Terms
See Terms.
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.