THIS IS VERY IMPORTANT INFORMATION. PLEASE FAMILARIZE YOURSELF WITH THIS INFORMATON AND CALL DIAMOND S AUCTION AT 417-326-2828 WITH ANY QUESTIONS
1. Online buyer's premium is 3%. The bid amount plus the applicable buyer's premium shall be the purchase price.
2. A down payment based on the purchase price will be paid at the close of Auction. Down payment amounts shall be subject to the following scale:
$300,000 & below: 10% up to $15,000.00 (Capped)
$301,000 – $500,000: $25,000.00 (Flat)
$501,000 – $1 Million $35,000.00 (Flat)
Above $1 Million $50,000.00 (Flat)
Purchase of the entire property: 5% (Uncapped)
The down payment for online buyers must be received by wire transfer no later than 4:00 PM on Monday February 5, 2023. Winning bidders should contact the auction company at 417-326-2828 immediately following the auction for wire transfer instructions and execution of the purchase agreement.
3. Balance of purchase price is due in cash at closing. Closing costs will be shared equally between Buyer(s) and Seller.
4. The sale of the real estate is not subject to any contingencies nor conditional upon financing.
5. The Seller shall provide a title search and a Warranty Deed. The cost of title insurance shall be at Buyer’s expense if Buyer elects to secure a title insurance policy.
6. The Seller shall pay the 2023 and all prior year’s real estate taxes; real estate taxes for 2024 shall be prorated to the date of closing.
7. If the Seller determines that a boundary survey is required to establish a legal description, then a survey shall be prepared by Shuler Land Surveying of Bolivar, MO. The Seller and Buyer(s) shall share equally in the cost of the survey. Tracts purchased in combination shall receive a perimeter survey only, if any. In the event that an existing legal description is available then no survey will be required and as such, a survey will not be conducted.
8. Possession shall not be granted until closing. No Buyer may make physical changes to any structure or land, stock the farm with cattle or other livestock, harvest any crop nor store any items on the premises. Closing shall take place on or before Monday March 18, 2024 through Polk County Title Co. of Bolivar, MO.
9. The seller may choose to qualify the sale of the property under Section 1031 of the Internal Revenue Service Code (tax deferred exchange). Buyer(s) shall cooperate with said exchange and shall be held harmless from any and all claims, costs, liabilities, or delays in time resulting from such an exchange. Buyer shall agree to an assignment of this contract by the Seller.
10. The sale of the property does not include items that are portable in nature or items that have been specifically advertised separately from the property. This shall include but is not limited to: feeders, portable corral panels, propane tanks, livestock chutes, etc.
11. Your bids are to be based solely upon your inspection. All real estate is being sold “as-is” without physical warranty of any kind. The Seller and the agents of Diamond S Auction & Real Estate Co. shall not express or imply any warranty or guarantee of any specific zoning classifications, location of utilities, and assurance of building permits, water or septic permits. All informational drawings and descriptions are intended as approximations only and should NOT be considered absolute. Confirmation of the accuracy of said informational drawings and descriptions shall be the sole responsibility of the buyer to their own satisfaction. No warranties or guarantees as to the condition of the well or wells on any tract are made by the Seller or Auction Company. In short, all property is being sold “AS IS” with no guarantees of any kind.
12. All real estate is being sold subject to any existing recorded easements. Existing recorded leases, if any, will be assigned to the Buyer.
13. At the close of the auction, Buyer(s) will be required to execute an Agreement to Purchase Real Estate and Addendum(s). This agreement is available for your review. The terms of this agreement and addendum(s) are non-negotiable.
14. Please keep in mind that the Agreement to Purchase Real Estate you will be signing at the close of the auction will be drawn up based on the manner in which you bid. You will be closing on the tract or combination of tracts on which you are the successful bidder in the manner in which you bid at the auction.
15. Diamond S Auction & Real Estate Co, Inc. and their representatives are the exclusive agents of the Seller. Any announcements made by the auctioneers shall take precedence over this and any other printed material.