Real Estate Auction Terms
The highest bidder will pay $75,000.00 sale
day as irrevocable earnest money and sign a Written
Confirmation Of Sale Of Real Estate At Public Auction
(purchase agreement) which will call for the unpaid balance
to be paid in full on delivery of deed and merchantable
abstract of title.
Possession upon delivery
of deed, merchantable abstract and final settlement and
subject to the 2017 cropland lease - - - the tenant has been
notified of lease termination giving you complete possession
for the 2018 crop year (by verbal commitment from the Tenant
the new owner can have possession upon completion of this
year's corn crop harvest).
Seller retains 100% of the 2017 cropland rent.
Annual real estate taxes will be
paid current and the remaining amount owed by seller will be
prorated to date of settlement.
Closing will occur at the offices of Waterhouse
Realty & Auctioneers acting as Seller's Agent only @ 1624
220th Street, Manchester, Iowa.
Purchase is made without buyer contingency of any kind and
is based solely on purchaser's judgment selling "as is where
is with all faults known or unknown, seen or unseen".
descriptions, and other details have been obtained from
sources deemed reliable.
Verification of any or all items are considered to be
made by prospective purchaser's finding of facts, both off &
on premises. The
Seller, Seller's Legal Counsel and Fiduciaries, and the
Auction Firm assume no liability for errors and/or
omissions. Land is selling subject to easements of record
for roads and utilities.
Final sale is subject to confirmation of the owner,
however, we strongly suggest you do your fact finding,
make your financial arrangements, and attend this
auction prepared to be the new owner