815+/- Acres in 7 tracts. Online Bidding Opens October 18, 2024. 7 tracts, located in Ringgold, Clarke and Decatur County.
Terms:
Method of Sale: Online only auction with bidding open October 18 through October 24th with the farms beginning closing at 11AM, 2024. With some farms joining in location, the auction will be linked – meaning all seven tracts will extend by 5 min if any one tract has a bid on it the last minute.
Closing of Real Estate on or before December 5th, 2024.
The successful high bidder, upon completion of the Real Estate Auction, must complete and sign a purchase agreement and render 10% of the purchase price (earnest money) as a non-refundable deposit in the form of a personal check, business check, certified funds or wire payable to Closing Company. Balance due at final closing.
Buyer to receive possession at closing subject to tenants’ rights. All seven tracts are leased through the 2024 crop year. Possession is subject to the present lease so full possession is on March 1, 2025. Seller to send notice of termination of leases prior to September 1, 2024. Sellers retain all crop rents for the 2024 crop year.
United Country Property Solutions LLC must receive a signed copy of the contract (hand delivered, faxed, or scanned and emailed) within 24-hours after the buyer has been notified that the sellers have accepted his or her bid.
Sold subject to seller confirmation. The sellers shall have the right to accept or reject any and all bids. Once accepted, this agreement shall be binding on the parties and their successors and assigns. Property will not be considered sold, and all bids will be treated as offers on property, until the purchase agreement is fully executed by all parties with earnest money deposited.
This agreement is NOT subject to financing, inspections, or other contingencies or delays to the closing for such reason. Buyer must secure their own necessary financing approval prior to the auction.
Out of area personal checks must be with the approval of the Auction Company personnel. Anyone not known by the Auction Company or sellers may be required to show proof of Bank Letter of Credit.
Sale is non-contingent; failure to close will result in forfeiture of the earnest money.
The property is sold “As Is, Where Is” and no warranty or representation, either expressed or implied concerning the property is made by the seller or Auction Company. Please inspect the property before bidding.
Tract 3, comprised of 116+/- Acres, grain bin and outbuildings, is offered as is, where is, no warranties expressed or implied. Seller’s disclosures including but not limited to, Lead Based Paint, Meth Disclosure and Sellers Residential Property Disclosure are available for review and will be incorporated into the purchase agreement.
Sellers reserve the wooden barn on tract three for removal for up to two years from date of closing. Sellers’ attorney to prepare the legal document reserving the barn. The home and app 2+/- acres in the farthest North East corner of tract 3 is NOT included in the sale.
Tract 6 Note: Sellers currently own the lane leading to the farm. Sellers are granting adjoining property owners a legal access easement. Sellers’ attorney will draft such agreement and document will be available for review upon completion.
Sellers and/or the Auction Company do not guarantee acres. Sellers to provide a survey for tracts 1, 2, and 3. Currently acres advertised on 1, 2, and 3 are estimated to the best of the Auction Company's abilities. Surveyed acres will be used in the auction bidding. Therefore advertised acres may change upon completion of the survey.
Sellers shall provide an updated abstract of title upon execution of a purchase agreement.
Taxes shall be prorated to date of closing.
Sale shall include all mineral rights owned by the seller if any. Property is sold based on the legal description.
All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the purchase agreement. Both real estate (including all improvements, if any) is being sold As Is, Where Is with NO warranties expressed or implied. Please make all inspections and have financing arranged prior to the end of bidding.
Under no circumstances shall Bidder have any kind of claim against United Country Property Solutions LLC, Sellers, or any party if the Internet service fails to work correctly before or during the auction.
The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to this property.
United Country Property Solutions LLC are exclusive agents of the Seller only.
All bidders are required to register 24 hours prior to the end of the auction. Any registrations in the last 24 hours of bidding are not guaranteed to be given bidding permissions.
Bid Increments:
Starting at $1000 to $2000 Bid Increments are $1,000
$2000 to $3000 Bid Increments are $500
$3000 to $4000 Bid Increments are $250
$4000 to $5000 Bid Increments are $100
$5000 to $8000 Bid Increments are $50
$8000 and UP Bid Increments are $25
Bidding and increments are at the discretion of the auctioneer and may be changed/adjusted at any time. Bidding is times the acre to arrive at a total purchase price.
Call Donnie McClellan,
I-Auctioneer, for information
816-752-8880
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