Auction Information
Online Bidding Site247.91 Acres m/l, Hamilton Co., Wester City, IA
Hamilton County, Iowa Land Auction - Peoples Company is pleased to present 247.91 acres m/l just north of Webster City, Iowa. The farmland will be offered in five tracts ranging in size from 20 to 109.95 acres m/l. These farmland tracts would make a great addition to an existing farming operation, an investment for the buyer looking to diversify their portfolio, or an excellent building site for your dream home. The tracts have been farmed by a local tenant who has taken good care of the farms.
Tract 1: 20 Acres M/L, 18.87 FSA cropland acres with CSR2 rating of 54.8.
Tract 2: 38.96 Acres M/L, 30.11 FSA cropland acres with CSR2 rating of 53.3.
Tract 3: 39 Acres M/L, 35.87 FSA cropland acres with CSR2 rating of 59.8.
Tract 4: 109.95 Acres M/L, 36.28 Estimated FSA cropland acres with CSR2 rating of 70.9.
Tract 5: 40 Acres M/L, 37.35 Estimated FSA cropland acres with CSR2 rating of 49.2.
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The tracts will be offered through a TIMED ONLINE-ONLY auction. Bidding is currently LIVE and will remain open until Friday, September 20th, 2024, at 3:00 PM Central Time Zone (CST). If you are unable to bid online, accommodations can be made to participate in the auction by contacting the Listing Agents.
Auction Details
Hamilton County, Iowa Land Auction
247.91 Acres M/L
Bidding Ends: Friday, September 20th, 2024, at 3:00 P.M.
ALL BIDS WILL BE ON A PRICE-PER-ACRE BASIS
How to Bid: Open the Peoples Company auction on our website if you are interested bidding. Click on any of the BID NOW icons within that auction. This will take you to our Online Bidding platform. Find the auction you wish to participate in and select it. To participate in that auction click REGISTER TO BID. From there, you will need to create a bidder account. Once that is created you can bid on any of our Online Auctions.
Online Bidding: Register to bid on our website. Potential bidders will be accessing this auction online by utilizing Peoples Company's online auction platform via the Internet. By using Peoples Company's online auction platform, bidders acknowledge that the Internet is known to be unpredictable in performance and may, from time to time, impede access, become inoperative, or provide a slow connection to the online auction platform. Bidders agree that Peoples Company nor its affiliates, members, officers, shareholders, agents, or contractors are, in any way, responsible for any interference or connectivity issues the bidder may experience when utilizing the online auction platform.
Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number to bid at the auction.
Co-Brokers: Participating brokers must register the client 24 hours before the Auction date by filling out our Broker Registration Form.
Auction Method: This property will be offered as five individual tracts. All bids will be on a price-per-acre basis. A bid placed within 3 minutes of the scheduled close of the auction will extend bidding by 3 minutes until all bidding is completed. If you plan to bid, please register 24 hours before the auction date. Under no circumstances shall Bidder have any kind of claim against Peoples Company or its affiliates if the Internet service fails to work correctly before or during the auction.
Agency: Peoples Company and its representatives are agents of the Seller. Winning bidder(s) acknowledge they are representing themselves in completing the auction sales transaction.
Farm Program Information: Farm Program Information is provided by the Hamilton County Farm Service Agencies. The figures stated in the marketing material are the best estimates of the Seller and Peoples Company; however, Farm Program Information, base acres, total crop acres, conservation plan, etc. are subject to change when the farm is reconstituted by the Hamilton County FSA and NRCS offices.
Earnest Money Payment: A 10% earnest money payment is required on the day of the auction. The earnest money payment may be paid in the form of check or wire transfer. All funds will be held in the Peoples Company Trust Account.
Closing: Closing will occur on or about Tuesday, October 22nd, 2024. The balance of the purchase price will be payable at closing in the form of a guaranteed check or wire transfer.
Possession: Possession will be granted at closing, subject to tenant's rights.
Farm Lease: The farm lease has been terminated and the lease is open for the 2025 cropping season.
Hunting Lease: The hunting leases have been terminated and the hunting rights are open for the 2024 hunting seasons.
Survey & Staking: If tracts 3 and 4 or tracts 4 and 5 sell separately, the seller will pay to stake the boundary between the tracts. No additional surveying or staking will be provided by the seller.
Mineral Rights: A mineral title opinion will not be obtained or provided, and there will be no guarantee as to the ownership of the mineral interests on all tracts. Seller will convey 100% of whatever mineral rights are owned by the Seller without warranty.
Contract & Title: Immediately upon the conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with Peoples Company the required earnest money payment. The Seller will provide a current abstract at their expense. The sale is not contingent upon Buyer financing.
Financing: The purchasers obligation to purchase the Property is unconditional and is not contingent upon the Purchaser obtaining financing. Any financial arrangements are to have been made before bidding at the auction. By the mere act of bidding, the bidder makes a representation and warrants that the bidder has the present ability to pay the bid price and fulfill the terms and conditions provided in the Contract.
Fences: Existing fences, if any, are in as-is condition and will not be updated or replaced by the Sellers. Not all tract and boundary lines are fenced and if needed, will be the responsibility of the Buyer at closing. Existing fence lines may not fall directly on the legal boundary.
Other: This sale is subject to all easements, covenants, leases, and restrictions of record. All property is sold on an As is Where is basis with no warranties, expressed or implied, made by the Auctioneer, Peoples Company, or Seller. Peoples Company and its representatives are agents of the Seller. The winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made on auction day by the Auctioneer or Listing Agents will take precedence over all previous marketing material or oral statements. Bidding increments are at the sole discretion of the Auction Company.
Disclaimer: All field boundaries are presumed to be accurate according to the best available information and knowledge of the Seller and Peoples Company. Overall tract acres, tillable acres, etc. may vary from figures stated within the marketing material. Buyer should perform his/her investigation of the property before bidding during the auction. The brief legal descriptions in the marketing material should not be used in legal documents. Full legal descriptions will be taken from the Abstract.
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