Auction Information
Online Bidding SiteONLINE AUCTION: Fayette County IL 40+- Acres
ONLINE AUCTION: Fayette County IL 40+- Acres
Bidding Starts Monday, September 12, 2022 at 8:00 a.m. CST
Bidding Closes Thursday, October 20, 2022 at 8:00 p.m. CST
Property Inspection: By Appointment Only
Property Address: 650 E 800 Ave, Shobonier IL 62885
DESCRIPTION
40 TOTAL ACRES, 19 acres tillable ground and 21 acres timber. Located in the Kaskaskia River Bottoms, of a mile from Kaskaskia River and Boarders Cassar Creek. EXCELLENT hunt property with farm income. The cropland has a very productive PI of 127!
Location: The property is located 7 miles south of Vandalia and 2 miles west of Hwy 51.
Taxes: $430.64. (2021 paid 2022).
TERMS
NO BUYER'S PREMIUM.
SALE IS SUBJECT TO THE CONFIRMATION OF THE SELLERS.
NO CONTINGENCIES: This Real Estate contract is not contingent on or subject to Buyers financing, appraisal, survey or inspections of any kind or any other contingencies as agr...
NO CONTINGENCIES: This Real Estate contract is not contingent on or subject to Buyers financing, appraisal, survey or inspections of any kind or any other contingencies as agreed to by bidders at registration prior to bidding. Have your financing verified before you bid.
PROCEDURE: Minimum Opening Bid $1000 Per Acre - $100 per acre minimum bid increments.
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: Any mineral owned will transfer, if any.
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.
TITLE: Sellers shall furnish the Buyer(s) at Seller's expense marketable title in the form of Title Commitment, Title Insurance Policy, and a proper deed conveying merchantable title to the real estate to the buyer(s). Buyer will pay deed recording and fees associated with mortgage/financing. Title companies closing fee will be split equally by Buyer & 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 subject to tenants rights for 2022 crop year. 2022 Hunting rights will transfer upon completion of a Signed Contract, Down Payment and Liability Release.
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".
SELLERS: Parker Family LLC.
AUCTIONEER: Wayne Keller, IL Lic #441.002475 / Managing Broker IL #471.002958
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