CLICK HERE for Online Bidding

PROCEDURE: (UPDATED) The property will be offered via an Online Only Timed Auction. Bidding will begin closing at 6:00 o’clock p.m. on Tuesday, February 13, 2024; provided, however, if a bid on any particular lot is received within the last one minute prior to the scheduled close of bidding, the online bidding platform will extend the bidding on that lot for an additional five minutes beyond the last bid received on that lot. This extension of bidding will continue for that lot until no bid has been made on that lot for a period of five minutes. The final bids are subject to Seller’s acceptance or rejection.

BUYERS PREMIUM: A Buyers Premium equal to 4% shall be added to the high bid amount to arrive at the total contract purchase price.

PURCHASE CONTRACT: After the close of bidding, a purchase contract shall be executed by the high bidder (“Buyer”) in the form of the Agreement to Purchase posted to the auction website.

DOWN PAYMENT: Buyer shall deliver 10% of the purchase price by cashier’s check or wire transfer to Auction Company on or before Wednesday, February 14, 2024. NO EXCEPTIONS.

CASH CLOSING OPTION: 10% of the total contract purchase price will be due as a down payment, with the balance due in cash at closing. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.

OWNER FINANCING OPTION: Buyer may elect to finance the Property through a contract for deed agreement with the Owner. Please contact Auction Company prior to bidding to obtain the full terms and conditions of Owner Financing.

APPROVAL OF BID PRICES: The auction bids are subject to the acceptance or rejection by the Seller.

DEED: Seller shall be obligated only to convey a merchantable title by Warranty Deed if a Cash Closing is being conducted. In the event Buyer elects Owner Financing, Seller and Buyer will enter a contract for deed agreement.

EVIDENCE OF TITLE: Seller agrees to make available to bidder a preliminary title insurance commitment to review prior to auction. The cost of title insurance, if the buyer(s) elects to purchase the title insurance policy, will be the responsibility of the buyer(s). Seller agrees to provide merchantable title to the property subject to matters of record, general conditions of title, and similar related matters. All tracts sold “AS–IS“.

CLOSING: The closing shall take place 45 days after the auction or as soon thereafter as applicable closing documents are completed by Seller.

POSSESSION: Possession shall be delivered at closing.

REAL ESTATE TAXES: Real Estate taxes shall be prorated to the date of closing.

MINERALS: Seller specifically excepts and reserves all minerals, including without limitation, oil, gas, coal, coalbed methane, and all other hydrocarbons, lignite, and all metallic minerals, etc., if any, associated with the referenced real estate, and the term “Property” shall not include any mineral rights.

ACREAGE AND TRACTS: All acreages, dimensions and square footages are approximate and have been estimated based on current legal descriptions, surveys, property tax records and/or aerial photos. Any corrections, additions, or deletions will be made known prior to the auction.

AGENCY: Schrader Real Estate and Auction Company, Inc. and their representatives are exclusive agents of the Seller.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. All decisions of the Auctioneer are final.

ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.