ONLINE LAND AUCTION: Marion County IL 153.4+- Acres / Tillable Farmland Deer Whitetail Hunting Wooded Pond / 2933A

ONLINE AUCTION: Marion County IL 153.4+- Acres / Income Producing Tillable Farmland / Whitetail Deer Hunting / Wooded / Pond

Bidding Opens Thursday, January 25, 2024

Bidding Closes Thursday, February 8, 2024 at 8PM CST

Property Inspection: By Appointment Only - Call or Text Auctioneer Don Bailey - 618-919-1031

Property Address: Seven Hills Road, Odin IL 62870

DESCRIPTION

• Tract 1: 40 Acres - All tillable, parcel #10-11-200-002
• Tract 2: 80 Acres - All tillable, parcel # part of 12-12-100-003
• Tract 3: 33.4 Acres - 7.5 tillable, balance timber and pond, whitetail deer harvested, parcel # part of 10-12-100-003 & 10-12-102-001
• Taxes for all Tracts: $2,295
• Tracts located in Sections 11 & 12, T2N-R1E
• 2021 - 218 Corn bu/A, 60 Soybean bu/A
• 2022 - 197 Corn bu/A, 60 Soybean bu/A
• 2023 - 207 Corn bu/A, 71 Soybean bu/A
• 3-Year Average - 207.3 Corn bu/A, 63.7 Soybean bu/A

All potential online bidders must register before auction and personally call Auctioneer Donald Bailey at 618-919-1031. In the past bidders that wait until the last minute to register may stand a chance not being able to bid.

PLEASE NOTE: Below is a link for the auction sales contract that you will be required to sign. Please review it prior to bidding.

SALES CONTRACT

PROCEDURE 

• Registration: Proper registration is required to bid. All bidders must provide name, address, phone number and email address to register.  By registering, all bidders acknowledge having read and agree to be bound by the Auction Terms and Conditions. Auctioneer reserves the right to refuse to register or admit Buyer at his/her sole discretion.
• Note: If you are unable to bid Online or are unsure about the reliability of your internet connection, call the Auctioneer and make alternative bidding arrangements by February 7th.
• Bidding will be PER TRACT and opens THURSDAY, JANUARY 25, 2024 and will be available until THURSDAY, FEBRUARY 8, 2024, 8PM CST, subject to bid extensions (soft close).
• Minimum opening bids are as follows: Tract 1, $240,000 / Tract 2, $480,000 / Tract 3, $100,000. Thereafter, bid increments of $500 per tract - Flat Bidding (NOT eBay style bidding). Your bid will be posted immediately.
• Combination bidding will also be open on THURSDAY, JANUARY 25, 2024 until the close of the auction on THURSDAY, FEBRUARY 8, 2024.

TERMS AND CONDITIONS

NO BUYER'S PREMIUM.

SALE SUBJECT TO CONFORMATION OF SELLER(S).

NO CONTINGENCIES: This Real Estate contract is not contingent on or subject to Buyer’s financing, appraisal, survey or inspections of any kind or any other contingencies as agreed to by bidders at registration prior to bidding.

PROCEDURE: Property offered in 3 tracts individually and in combination.

ZONING AND EASEMENTS: Property is being sold subject to any and all easements of record. Property is subject to all state and local zoning ordinances.

REAL ESTATE TAXES: Pro-rated to day of closing.

SURVEY: No survey provided.

MINERAL: Seller to retain 50% for 20 years.

CONTRACT AND DOWN PAYMENT: Contract for purchase to be signed within 24 hours of close of auction. A 10% down payment of the total contract purchase price will be due immediately after being declared the winning bidder. The down payment may be paid in the form of personal check, wire transfer, business check or cashier's check and received within 3 business days. Earnest check to be made to Buy A Farm Land & Auction Co. Trust Account. The balance of the contract purchase price is due at closing. Any stop payment order of a check or giving a check which is returned marked “insufficient funds,” shall be deemed by the parties to be evidence of fraud existing at the time the transaction was consummated and shall be construed by the parties as intent to defraud.

TITLE: Sellers shall furnish the Buyer(s) at Seller's expense marketable title in the form of Title Commitment, a proper deed conveying merchantable title to the real estate to the Buyer(s) and tax transfer stamps.  Buyer will pay the deed recording, Title Policy and fees associated with mortgage/financing. Title company's closing fee will be split equally by Buyer and Seller.

CLOSING: Closing shall occur within 45 days or as soon thereafter as applicable closing documents are completed. Seller shall pay for recording release from any mortgage. Buyer shall pay for recording the deed of conveyance from Seller and any mortgage title insurance charges. Any closing costs not herein provided for shall be borne by Buyer. Seller shall cause the Closing Statement to be delivered to Buyer at or before the closing.

POSSESSION: Possession at closing.

AGENCY: Buy A Farm Land & Auction Co LLC is the Agent and Representative of the Seller.

The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed the owners or Buy A Farm Land & Auction Co LLC All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the Seller(s) or Buy A Farm Land & Auction Co LLC pertaining to this property. Real estate is being sold "As Is, Where Is".

AUCTIONEER: Donald Bailey, IL Lic #441.002325, 618-919-1031.