Auction Information
Online Bidding SiteMcLean County Illinois Land iAuction
After careful thought and due to several factors including family members not living in the area, the family has decided to sell our 81 acres that have been in our family since the late 1800's at an internet-only auction.
Wednesday, September 29, 2021 at 10:00 AM.
These 81 flat to gently rolling acres are conveniently located just east of Downs, IL on E 800 North Road. The Farm Service Agency figures 70 acres of highly productive cropland consisting mostly of Radford and Mayville silt loams with a 115 PI farm average. The balance of the land is in woods and waterways. The farm will sell free and clear of any tenants and leases for the 2022 crop year.
For more information call or text Jason Wallingford (314) 882-6971.
iAuction Terms & Conditions
1. PROCEDURE: Bidding ends Wednesday, September 29, 2021 at 10:00 AM, with a soft close, meaning that a bid in the final minute will extend...
1. PROCEDURE: Bidding ends Wednesday, September 29, 2021 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 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, September 30, 2021 (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.
5. CLOSING: Closing shall be on or before 3:00 PM., Thursday, October 28, 2021.
6. POSSESSION: Possession will be given at closing, subject to the remaining rights of the current tenant if any.
7. 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).
8. SURVEY: AT SELLERS OPTION, the Seller shall provide a new survey where there is no existing legal description to convey title.
9. REAL ESTATE TAXES: The 2020 and 2021 Real Estate taxes will be paid by the Seller.
10. 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 are 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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