Lot # : 1 - Lake House Near Wappapello Lake

Terms and Conditions for 559 Wayne County Road 521, Wappapello, MO 63966 Online Auction Terms & Conditions: 1. PROCEDURE: Bidding will begin on Friday June 9th, 2023, at 12:00 pm NOON (CST) and will end on Thursday June 22nd, 2023, at 5:00 pm (CST). This online auction will be a soft close, which means that a bid in the final minute will extend bidding by 5 additional minutes. This is an auction of a 1.5 story Ranch Style home on 00.600 +/- acres of land located in Wayne County, Missouri selling in gross dollars. MLS#22070628 2. BUYERS PREMIUM: A 3% Buyers Premium will be added to the final (high) bid price for the sale contract total amount. 3. ACCEPTANCE OF BID PRICES: Once accepted, this agreement shall be binding on the parties and their successors and assigns. The winning bidder will enter a purchase contract immediately upon being declared the winning Bidder by the Auctioneer. Upon conclusion of the auction, the winning Bidder will be sent an email that contains a purchase contract. Legacy Farm & Land Specialist LLC must receive a signed copy of the contract on or before 5:00 pm (CST) Friday June 23rd, 2023. Contract can be delivered in-person, by fax, or email. The Seller reserves the right to reject any and all bids. This agreement is not subject to inspections, financing, other contingencies, or any delays to the closing for such reason. 4. AS-IS: Real Estate is being sold As Is, Where Is with no expressed or implied warranties. Please have financing arranged and make all inspections prior to the end of bidding. 5. BIDDING: Once a bid is submitted, a bid cannot be retracted. 6. CLOSING: Closing shall be on or before 5:00pm (CST) Monday July 24th, 2023. 7. POSSESSION: Possession will be given at closing. 8. TITLE: All title company fees shall be a split cost between buyer and seller 50/50 at closing. 9. DOWN PAYMENT: 5% of the contract purchase price will be due upon acceptance of the Sales Contract. Checks (Business or Personal) or Wires will be accepted. 10. REAL ESTATE TAXES: The 2023 taxes will be prorated at closing. Buyer responsible for full payment of taxes, when they become due and payable. All prior years taxes are paid. 11. Bidder shall not have any kind of claim against Legacy Farm & Land Specialist LLC, or anyone else if the bidder experiences any technical difficulties, before or during the auction. No exceptions. 12. The information contained herein is believed to be accurate; but no liability for its accuracy, errors or omissions is assumed by the seller. Buyers should perform due diligence to their satisfaction. All lines drawn on maps, photographs, etc. are approximate. There are no expressed or implied warranties pertaining to this property.