Auction Information
Online Bidding SiteFranklin County, IL Land iAuction
Franklin County, IL Land iAuction
Due to some ongoing health-related issues, I have decided to sell my 98+/- acres at internet-only auction.
Seller: Cynthia Bourgeois
Bidding Ends Wednesday, August 28th at 10 AM.
These 98+/- acres of flat to gently rolling land are located just 4 miles north of West Frankfort. Farm Service Agency figures show approximately 70 acres of highly productive cropland. The balance of the property is woods and water and offers some excellent deer and waterfowl hunting.
For more information call or text Shane Yearian (618) 830-2825or Jason Wallingford (314) 882-6971.
Auction Terms & Conditions
1. PROCEDURE: Bidding ends Wednesday, August 28, 2019, at 10:00 AM, with a soft close, meaning that a bid in the final minute will extend bidding by 5 minutes. All bids placed are by the acre.
2. BUYERS PREMIUM: 5% Buyers Premium will be added to the final bid pr...
2. BUYERS PREMIUM: 5% Buyers Premium will be added to the final bid price to arrive at the contract sales price.
3. ACCEPTANCE OF BID PRICES: Winning bidder(s) will enter into a Contract to Purchase immediately upon being declared the Successful Bidder by the Auctioneer. Upon the close of the auction, the winning bidder will be forwarded via email a Contract to Purchase. Trophy Properties and Auction must receive a signed copy of the contract on or before 12:00 NOON, Thursday, August 29, 2019 (hand delivered, faxed, or scanned and emailed). The Seller reserves the right to reject any and all bids. Once accepted, this agreement shall be binding on the parties and their successors and assigns. This agreement is NOT subject to financing, inspections, or other contingencies or delays the closing for such reason.
4. DOWN PAYMENT: 10% of the contract purchase price will be due upon acceptance of the Sales Contract. Business or Personal Checks or Wire Transfer are accepted.
CLOSING: Closing shall be on or before 3:00 PM., Wednesday, September 25, 2019.
POSSESSION: Possession will be given at closing, subject to the remaining rights of the current tenant if any.
5. TITLE: Seller shall furnish the buyer(s) at Sellers expense an Owners Policy of Title Insurance in the amount of the purchase price, and agrees to provide and execute a proper deed conveying merchantable title to the real estate to the buyer(s).
6. SURVEY: AT SELLERS OPTION, the Seller shall provide a new survey where there is no existing legal description to convey title. Sales price will be adjusted based upon surveyed acres.
7. REAL ESTATE TAXES: 2019 Real Estate taxes to be paid by the Seller.
Under no circumstances shall Bidder have any kind of claim against Trophy Properties and Auction, or anyone else 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. 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.
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