156 Acres Tillable and  Native Grass

Floyd Auction & Real Estate LLC

 

Date(s) 9/3/2024 - 9/25/2024

ONLINE BIDDING OPENS September 3, 2025 5:00 P.M. CST LIVE SIMULCAST Wednesday September 25, 2024 CST at 10:00 AM

Past Auction
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Bidding Notice:

Registration Deadline for Online Bidding is Friday, September 20, 2024 at 5:00 P.M. CST In order to be approved to bid online you must provide a verification of funds or a letter of credit approval from a credible lender with contact information to our office by Friday, September 20, 2024 at 5:00 P.M. CST. This can be emailed to floydsells@live.com or mailed to our office. Floyd Auction & Real ... Show More

Auction Information
Name 156 Acres Tillable and Native Grass
Auctioneer
Type Live Webcast Auction
Date(s) 9/3/2024 - 9/25/2024
Auction Date/Time Info
ONLINE BIDDING OPENS September 3, 2025 5:00 P.M. CST LIVE SIMULCAST Wednesday September 25, 2024 CST at 10:00 AM
Preview Date/Time September 3, 2024-September 25, 2024
Checkout Date/Time Approximately 11:00 AM CST Wednesday September 25, 2024
Location
Buyer Premium 2% Buyer's Premium
Description
TRACT 1 Selling: The Southeast Quarter (SE/4) of Section Eighteen (18), Township Twenty-eight (28) South, Range Five (5) West of the 6th P.M., Kingman County, Kansas. Property Features: 93 +/- acres of tillable 61 +/- acres of native grass 2023 taxes: $310 Seller to retain all of the 2024 rent for the cropland as well as pasture.  Possession of the cropland following the 2025 wheat harvest or August 1, 2025, whichever comes first.  Buyer to receive 1/3 of the 2025 wheat crop and be responsible for fall and spring fertilizer associated with said crop.  Possession of the pasture November 1, 2024. Sells subject to a mineral reservation ending on April 6, 2044. When said mineral reservation ends, all of Seller’s mineral interest and production will revert to the surface owner of record. Located in Eastern Kingman County, opportunities like this don’t happen every day!  Now is your chance to purchase 2 great properties located in Unit 15 with excellent pastureland with good fencing, water as well as tree cover for all species of wild game.  If you are looking to grow your farming operation, both tracts offer native grass with good fencing, natural water sources and are ready for your livestock.  The properties also offer tillable, terraced cropland with excellent access to both.
Terms: 156 ACRES M/L x FINAL BID=TOTAL CONTRACT PRICE The successful bidder will be required to sign a purchase contract and deposit 10% down day of sale with Security 1st Title Co. with the balance due the day of closing. If the tract is purchased online there will be a 2% Buyers Premium added to the contract price. (There is No Buyers Premium for on-site Buyers) Closing shall be held on or before October 25, 2024. Possession shall be the day of Closing. Property taxes shall be prorated to the date of closing.   Title insurance and escrow closing costs, with Security 1st Title, shall be shared 50% Buyer and 50% Seller.  Property sells AS-IS in its current condition with no warranties, either expressed or implied.  Subject to current tenant’s rights. Seller to retain all of the 2024 rent for the cropland as well as pasture. Possession of the cropland following the 2025 wheat harvest or August 1, 2025, whichever comes first.  Buyer to receive 1/3 of the 2025 wheat crop and be responsible for fall and spring fertilizer associated with said crop.  Possession of the pasture November 1, 2024. Sells subject to a mineral reservation ending on April 6, 2044. When said mineral reservation ends, all of Seller’s mineral interest and production will revert to the surface owner of record. This property sells subject to Seller confirmation. Sells Non Contingent on financing. Sells subject to any easements, leases and right of ways of record. It is the Buyer’s responsibility to have all inspections completed prior to auction day. Floyd Auction & Real Estate LLC will make the property available at reasonable times to accommodate any inspections. Buyer has had the opportunity to do his due diligence regarding FS records (Tract 1). Buyer has received all information and is bidding accordingly. Floyd Auction & Real Estate LLC and its Agents/Auctioneers are acting as Agents of the Seller.  Any announcements made the day of sale will take precedence over printed materials. ****Simulcast Online Bidding Terms**** **Internet Bidders will be required to provide a verification of funds or letter of credit by a reputable lender at the time of registration. ** If the property is purchased ONLINE, the Buyer acknowledges there will be a 2% Buyers Premium added to the contract price. (There is NO Buyers Premium for on-site Buyers.) Registration deadline is September 20, 2024 at 5:00 P.M. CST To register visit www.floydsells.com and click on the link in the Auctions tab or scan the QR code.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 95.00 5.00 USD
95.01 - 975.00 25.00 USD
975.01 - 9,750.00 250.00 USD
9,750.01 - 97,500.00 2,500.00 USD
97,500.01 - 9,999,999.99 10,000.00 USD
Currency USD
Buyer Premium 2% Buyer's Premium
Payment Terms
U.S. Dollars There will be a 2% Buyer's Premium added to the final contract price for online bidders. There is no Buyer's Premium for onsite bidders. Funds will need to be U.S. certified.