Bidding Notice:

Sold by the acre which means 161 times the money. You will be bidding by the acre so do your math and call with questions. This is 161.1 surveyed acres sold by the acre!

Auction Information
Name Linneman Online Land Auction (161.1 Acres)
Auctioneer
Type Online-Only Auction
Date(s) 5/27/2023 - 5/31/2023
Auction Date/Time Info
Sells May 31st @ 7PM (CST)
Preview Date/Time None
Checkout Date/Time May 31st @ 7PM (CST)
Location
Buyer Premium No Buyer Premium
Description
Farm is comprised of 161.1 surveyed acres of gently rolling farm ground with majority in pasture and wooded draws * FSA calls for 116.84 acres, the northern 36.13 acres is currently in CRP and was just reenrolled until 9-30-2032 $187.84 per acre ($6,787 annually) all CRP proceeds will go to new buyer * Property is fenced with some cross fencing & has county road frontage on the entire east side * Older out building at old homestead site * Farm will need some cleanup to put back in row crop production * Farm will be sold by the acre * Buyers must be prequalified with a bank letter of credit copy delivered to Iman Auction before bidding is approved. BIDDING OPENS MAY 27TH & CLOSES MAY 31, 2023 @ 7 PM
Online Auction Only! Sold by the acre which means 161 times the money. You will be bidding by the acre so do your math and call with questions. This is 161.1 surveyed acres sold by the acre! - No Buyers Premium - 0% (zero percent) - Property sells with owners’ confirmation. Buyer agrees to enter into a Real Estate contract with in 24 hours of the approval of the sale. Iman Auction Company will handle the contracts at the Iman Auction Center. After entering into the contract 10% down payable to Harvest and Home Title Co with balance due & possession given within 45 days. Taxes will be prorated to the date of closing. Title insurance will be provided by the seller. Buyer will have additional $200 admin fee from title co. - Successful Bidder - When the entire auction closes with a successful and winning online bidder, contact will be made by the agent(s) of the auction/real estate company to inform of further instruction for payment and contract execution. Money down must be made out to the title company outlined in the contract. The successful bidder must return a signed and dated contract with the money down to the auction/real estate company within 24 hours of auction close. - Closing and Possession - A closing date is included in the contract. Closing to be handled by the title company outlined in the real estate contract. To close, buyer will need to pay the balance left after down payment and any other fees with certified funds. Possession will not be given until closing. - Title - The sellers agree to convey to the buyers title to the described real property in fee simple absolute by general warranty deed containing the customary warranties, free and clear of all deeds of trust, interest, leases, liens, and encumbrances whatsoever, except for easements of record and zoning ordinances, if any.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.00 25.00 USD
9,999,999.01 - 9,999,999.99 123.45 USD
Currency USD
Buyer Premium No Buyer Premium
Payment Terms
The auction contract calls for 10% of the total sale price to be put down for earnest money. Down payment can be a personal or business check or wire transfer. Earnest money checks must be made out to the title company whom is handling the title work of the transaction. When the entire auction closes with a successful and winning online bidder, contact will be made by the agent(s) of the auction/real estate company to inform of further instruction for payment and contract execution. Money down must be made out to the title company outlined in the contract. The successful bidder must return a signed and dated contract with the money down to the auction/real estate company within 24 hours of auction close.
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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.