Terms & Conditions. By placing a bid, bidder acknowledges that they have read and accepts all terms and conditions. It is the responsibility of the buyer to understand all terms and conditions prior to bidding!
Bidding: The property will be offered in two tracts, and in combination, and sold in the manner best suiting the seller. Bids will be recognized in the order received. In the event of a tie bid between an internet bidder and a bidder on the floor, the bid on the floor will be given priority. Internet connections may be delayed or unreliable as the sole source of communicating a bid to the Auctioneer. Neither the Seller nor Ruhter Auction & Realty, Inc. shall bear any responsibility for internet connections or delayed bidding.
INTERNET BIDDERS - Please register to bid online at least 24 hours prior to Auction day. Late registrations shall be accepted at the discretion of Ruhter Auction & Realty, Inc. Online Bidders will be required to speak with a company representative in order to complete the bidding approval process. A bank approval letter of funds will be required before any bidding is allowed. By placing a bid you are entering into a contractual agreement with the seller to purchase the real estate should you be the highest bidder. Failure to follow through with your role in the transaction will result in negative consequences up to and including legal action to recoup damages caused to seller due to breach of contract. This is a simulcast auction, bidding can take place online or at the live auction. Property sold "As Is, Where Is," with no warranty or guarantees, expressed or implied, by the seller or Ruhter Auction & Realty, Inc. Bidders accept the property "WITH ALL FAULTS", whether or not immediately apparent. It is strongly recommended that bidders inspect the property before placing a bid. Auction Software and Ruhter Auction & Realty, Inc. will not be held liable for any software or software malfunctions. Winning bidder will be notified of acceptance of the high bid immediately after the auction is closed. Successful bidder will then be required to enter into a standard purchase agreement with the Seller. A 20% earnest money deposit of sale price will be required within 24 hours that is non-refundable if buyer fails to close. The remaining balance will be due at closing and presentation of merchantable title by seller on or before 30 days from acceptance. Real Estate Taxes will be paid by the seller (2018). Title insurance will be split equally between buyer and seller. Property sold "As-Is Where-Is condition. POSSESSION: Full possession for the 2019 crop year will be granted to the buyer subject to the 2018 crop year lease.