Sale Method: The subject real estate is being sold in “as is” condition without warranties either expressed or implied. This property is being offered to the highest bidder, surface only, and is selling subject to confirmation of the Sellers. The sale is not contingent upon buyer financing. All information provided by the Auctioneers was derived from sources deemed reliable but is not guaranteed. Buyers shall rely on their information, judgement and inspection of the property.
Earnest Money Payment & Contract: At the conclusion of the auction the high bidder will enter a real estate sales contract. 10% earnest money deposit is required on the day of the auction. The earnest money will be paid in the form of cash, check, or wire transfer. All funds will be held at Solomon Abstract Company, Kingfisher, OK., escrow account who will also be the closing agent. James C. Barr Real Estate is providing brokerage services to both parties (The Oklahoma Broker Relationships Law (Title 59, Oklahoma Statutes, §858-351 – 858-363) allows a real estate firm to provide brokerage services to both Parties to the transaction.)
Possession & Closing: The cost of escrow closing will be shared equally. Seller shall furnish buyer with an updated Abstract reflecting marketable title subject to all easements, covenants, rights of way, leases and restrictions of record. Title insurance and Lenders Title Policy if required are the responsibility of the buyer. The projected closing date is on or about April 30th, 2024. The balance of the purchase price will be payable at closing in guaranteed funds, or by wire transfer at which time possession will be given. Real estate taxes will be prorated to date of closing.
The winning bidder will establish a per acre price based on the total sale price divided by 39 acres. The land will be surveyed and the final sale price will be determined by the deeded acres multiplied by the per acre price. The buyer will pay for deeded acres which could be more or less than 39 acres.