ONLINE REAL ESTATE AUCTION: Saline County IL 92+- Acres (2573A)

ONLINE AUCTION: Saline County IL 92+- Acres / Selling in 2 Tracts

Online Auction: Bidding closes Tuesday, June 30, 2020 at 8:00 p.m. CST.

Property Inspection: By Appointment Only

22-Acre Tract Description

• Mostly tillable tract offering good income and rolling for good drainage. Buyer will receive 2020 crop income. Located South of Galatia IL with frontage on Brown Road.
• Parcel #01-1-034-17
• Taxes: $190.94
• Section 27, T8S-SE

70-Acre Tract Description

• Tract has a lot to offer! Good tract offering income plus great recreational and hunting. 39+- tillable acres furnishing a good income. Modern fencing and gates, barb wire and woven around much of tract. Buyer to receive 2020 farm income. Large creek cuts through the tract adding a lot of character. Tract has a large pond recently drained and ready to be dug deeper or filled in and farmed. Great locations for hunting cabin; electric and rural water along roadways. Timber has been recently harvested making the tract very appealing to wildlife, especially deer.  Tract has had some coal mining activity in past years.
• Located SW of Galatia IL. Road frontage on Harco Road and Netty Green Road.
• Parcel #05-1-069-05 (20 ac), 05-1-069-01 (40 ac), 05-1-069-02 (10 ac)
• Taxes: $711.50
• Section 16, T8S-R5E

Auction Terms and Conditions

Online Auction: Bidding opens Monday, May 18, and closes Tuesday, June 30, 2020 at 8:00 p.m. CST

Preview Date/Time: By Appointment Only

Contract and Down Payment: Sale of all real estate is subject to the confirmation of the Sellers.  Contract for purchase to be signed no later than 5:00 p.m. CDT on Wednesday, July 1, 2020. 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 wire transfer, personal check, business check or cashier's check and received within 3 business days. Earnest check to be made to Buy A Farm Land and Auction Company Trust Account. The balance of the contract purchase price is due at closing. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.  This is a cash sale auction. Be sure to have financing arranged in advance.      

Procedure: Selling as one tract. Bidding IS ON A PER ACRE BASIS. WE WILL TAKE THE FINAL BID X ACRES OF PARCEL.

Any bid placed inside 5 minutes of close of auction will extend the auction bidding another 5 minutes. This will continue until there are no more bids.

Real Estate Taxes: Taxes will be prorated to closing date.

Acceptance of Bid Prices: Successful bidders will sign an Agreement to Purchase immediately following the close of bidding. Sale of all real estate is subject to the confirmation of the Seller(s).

Short Legal for 22 Acres: Section 27, T8S-R5E

Short Legal for 70 Acres: Section 16, T8S-R5E

Survey: No survey will be conducted on either tract.

Mineral: Any mineral owned will transfer, if any.

Title: Seller shall furnish the Buyer(s) at Seller's expense a proper deed conveying merchantable title to the real estate to the Buyer(s).

Closing: Closing shall occur on or before 30 days or as soon thereafter as applicable closing documents are completed.

Possession: Possession will be at closing.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained herein and all related materials are subject to the terms and conditions outlined in the agreement to purchase. Announcements made by the auctioneer at the time of the sale will take precedence over any previously printed material or any other oral statement made. 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(s) or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquires and due diligence concerning the property. The information provided here is believed to be accurate but is subject to verification by all parties relying on it. The Seller(s) or the auction company or their agents assume no liability for its accuracy, errors or omissions. Conduct at the auction and increments of bidding are at the direction and discretion of the auctioneer. The seller and auction company reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. Buy A Farm Land and Auction Company and their agents work for the Seller.

Auctioneer: Don Bailey, IL Lic 441.002325