1. Successful bidder will sign a standard Offer to Purchase form within 24 hours of the close of the auction. The offer will be a cash offer with no contingencies of any kind.
2. Earnest money shall be $20,000 and will be collected within 24 hours of the close of the auction. If the high bid is accepted, the earnest money will be applied toward the purchase price. If the bid is not accepted, the earnest money will be returned to the buyer.
3. The offer is subject to approval of the owner, who will have until July 19, 2024, to accept, reject, or counter today's high bid. In the event of a counteroffer, today's high bidder will be given the first opportunity to accept any counteroffer.
4. This offer may not be rescinded prior to Midnight of July 19, 2024.
5. The buyer is purchasing the property in its "AS IS" condition with all its faults. No warranties are made as to any aspects or uses regarding the property. Buyers shall rely entirely on their own inspections of the property and the records.
6. A Real Estate Condition Report has been provided; however, the buyer is purchasing the property in its "AS IS" condition with all of its faults.
7. If the offer is accepted, closing will take place on or before August 30, 2024.
8. Real estate taxes will be prorated at the time of closing based on the 2023 taxes which were $1,144.17.
9. A preliminary title policy has been provided by Wisconsin River Title and has been available for review. The buyer accepts the title policy as it reads.
10. 5.93 acres are in the CRP program which expires on September 30, 2032, yearly payments are $983/year. 10.87 Aces are enrolled in the CREP program which expires September 30, 2026. CREP payments are $2,401/year. The buyer agrees to continue the programs and adhere to the terms of the contracts.
12. The property is accessed through a Joint Driveway Easement. A copy of the agreement has been made available prior to bidding. Buyer accepts the property with this access agreement.
11. Bidding is so much per acre. (bid price x 97.6)