Auction Information
Online Bidding SiteONLINE AUCTION: Hamilton Co IL 10 Wooded Acres
ONLINE AUCTION: Hamilton County IL 10+- Acres Wooded
Bidding Starts Thursday, November 3, 2022
Bidding Closes Thursday, November 17, 2022 at 8:00 p.m. CST
Property Inspection: By Appointment Only .
Property Address: 6 Miles East of Thompsonville IL
Bidding will be per acre x acres.
All potential bidders must register before auction, preferably two weeks ahead of November 17th, 2022. All potential bidders must personally call Auctioneer Donald Bailey. In the past bidders that wait the last minute to register, may stand a chance not being able to bid.
DESCRIPTION
Presents a rare opportunity to purchase a small tract of timber surrounded by large tracts of timber.
Tract offers some open areas for food plots.
Very isolated location.
Located in Section 16, T7S-R5, South Flannigan Township
16 miles SE of Benton IL and Interstate 57, 6 miles East of Thompsonville IL 6 miles / 6 miles North ...
16 miles SE of Benton IL and Interstate 57, 6 miles East of Thompsonville IL 6 miles / 6 miles North of Galatia IL
TERMS
NO BUYER'S PREMIUM.
YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.
SALE IS SUBJECT TO THE CONFIRMATION OF THE SELLERS.
BIDDING PER ACRE X AMOUNT OF ACRES. OFFERED IN 1 TRACT. $25 BID INCREMENTS.
PROCEDURE: Property offered in 1 tract.
SURVEY: No survey provided.
MINERAL: Seller to convey all mineral rights.
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, a proper deed conveying merchantable title to the real estate to the buyer(s) and tax transfer stamps. Buyer will pay the 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 at closing.
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 pertaining to this property. Real estate is being sold "As Is, Where Is".
Any bid placed inside 5 minutes will extend the auction bidding another 5 minutes. This will continue until there are no more bids.
AUCTIONEER: Donald Bailey, IL Lic #441.002325
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