Auction Information
Name Steven and Theresa Wells Family Trust Land Auction
Auctioneer
Date(s) 11/14/2018 - 11/28/2018
Auction Date/Time Info
Wednesday, November 28, 2018 ~ 3:00pm CST
Preview Date/Time None
Checkout Date/Time None
Location
Buyer Premium 10% Applied to High Bid
Description
Live Auction of 40 Acres +/- of Prime Bottom Land in Chanute, Neosho County, Kansas. Steven and Theresa Wells Family Trust ~ Sellers. Auction conducted in cooperation with United Country Real Estate Professionals ~ Jeff Ports, Broker
1. To register and participate in this auction, all prospective bidders must provide full identification and show a bank letter as proof of financing, or finances if cash buyer, and sign this form to be issued a buyer's number for the auction. Buyers are required to use the number issued to them when identifying as the high bidder. No transfer shall be recognized from one buyer to another. 2. A 10% Buyer's Premium will be added to the high bid, or hammer price, to determine the total purchase price of the property. 3. Earnest money: If bidder is successful, the non-refundable amount of twenty thousand ($20,000) dollars in certified funds, personal check, or cash will be tendered and made payable to Kansas Secured Title and will be deposited into their escrow account. Said Escrow Company shall also handle all closing matters. Balance shall be due and payable, in certified funds, at closing on or before December 28, 2018. Time is of the essence in this transaction. 4. Property is offered and is accepted by buyer(s) in current "as-is" condition with any and all faults and with positively no contingencies. 5. This is a "with reserve" auction. The seller reserves the right to accept or reject the final bid at auction. 6. Plats shown herein and the description of any improvements are for informational purposes only, and no representations, warranties or guarantees are made concerning locations, dimensions, or tract size or nature, quality or suitability for use of the tract for any improvements. All information, concerning properties, has been gained from Neosho County courthouse records. 7. The property shall transfer by Deed that is acceptable by Title Company, subject to seller obtaining merchantable title free and clear of all liens. Seller and Buyer will split the cost of owner's policy of title insurance and closing agent's closing fee, only, 50/50. No other closing costs or title insurance costs will be paid by the seller. 8. Once bidding is declared closed by auctioneer, there shall be no further bidding. In the case of a disputed bid, the Auctioneer will use his judgment as to good faith of all claims and his decision is final. 9. Should a dispute arise after the auction, auctioneer's records shall be conclusive in all respects. 10. This is a privately owned and operated auction. We reserve the right to refuse admittance to any person(s). 11. Auctioneer and/or seller reserves the right to withdraw the property prior to auction. 12. Bidder agrees to the above Terms and Conditions of the auction prior to receiving a bid number. 13. The above stated Terms and Conditions of Auction cannot be altered except in writing by all parties of the contract or by verbal changes to terms given by Broker or Auctioneer at the time of Auction. Statements made during the auction take precedence over advertising and previous statements. 14. Bidder does hereby indemnify and hold harmless Auctioneer/Broker, and Seller from any and all damages, claims or liabilities from injuries to person or property of any type whatsoever, caused during auction. 15. United Country - Great Plains Auction & Real Estate listing broker Lance Fullerton is a seller's agent in this transaction and represents the seller not the buyer. 16. All buyer brokers must be present at auction, contract signing, and closing with their client(s) and register no later than forty-eight (48) hours prior to scheduled start time of auction to receive compensation.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 95.00 5.00 USD
95.01 - 975.00 25.00 USD
975.01 - 9,750.00 250.00 USD
9,750.01 - 97,500.00 2,500.00 USD
97,500.01 - 9,999,999.99 10,000.00 USD
Currency USD
Buyer Premium 10% Applied to High Bid
Payment Terms
Cash
None
Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.