Buena Vista County Farmland Auction!

Family of Janet M. Dreyer-Johnson, Owners: We will be selling 222.58 +/- acres in Section 27 of Lincoln Township, Buena Vista County, Iowa.

BUENA VISTA COUNTY, IOWA FARM

To Be Sold At:

Public Auction

  Monday, June 7, ’21         at: 10:00 A.M.

Sale to be conducted at the Old Rembrandt Gym Auction House, Rembrandt, IA.

Farm is located ½ mile east of Intersection of M50 & Hwy. # 3 (or approx. 3 ½ miles east of Hwy

# 3 & # 71 Truck Stop.

 

This sale affords an outstanding opportunity to acquire well located, productive Buena Vista County, Iowa farmland that would make a solid addition to an existing operation or Ideal Investor - Income type properties.

 

LIVE SIMULCAST BIDDING AVAILABLE!

Live Simulcast Internet Bidding will be available, along with the live auction. Check our website for more details and/or to Register to Bid PRIOR to sale day. For more information, Contact the Auctioneers.

LEGAL DESCRIPTION

The South 1/2 of the NE 1/4, Except Lot “A”, AND the SE ¼, Except Lot “A”, all being in Section 27, Township 27, Township 92 North, Range 36 West of the 5th P.M., Buena Vista County, Iowa        

GENERAL DESCRIPTION & METHOD OF SALE

Selling a productive Buena Vista County farm with 222.58 taxable acres.  The farm will be offered as follows: Parcel # 1: Being the approximate South Half of the farm and including 109.94 acres, more or less, and Parcel # 2: Being the approximate North Half of the farm and including 112.64 acres, more or less.  The successful bidder will have choice of Parcel # 1, Parcel # 2 or may select both parcels. In the event the successful high bidder selects both parcels, the sale is over.  In the event the bidder selects one parcel, the remaining parcel will then be offered.

Surety Digital Soil Services indicates CSR(2) of 82.1 for the entire farm and Parcel # 2: CSR(2) of Approximately 84.7; Parcel # 1: CSR(2) of 79.4.

FSA rates the farm as: Cropland: 221.6 with a Corn Base of 184.04 and a Soybean Base of 47.56. If farm is sold in parcels, FSA will determine the respective cropland acres for each parcel.

Farm is leased for the 2021 crop year and the Seller will assign the lease to the Buyer AND the 2021 cash rent to the Buyer(s) at closing! Contact the Auctioneers for more details.

Current real estate taxes are $ 5,910./year for the entire farm.

TERMS OF SALE

Purchaser(s) shall pay 10% of the purchase price on day of sale and sign a standard real estate contract agreeing to pay the balance in full on or before July 21, 2021. Possession will be given upon closing, subject to the existing 2021 lease, which will be assigned to the Buyer(s). There are no Buyer contingencies of any kind. All potential bidders are expected to have financial arrangements made prior to bidding. Auctioneers represent the Sellers in this real estate auction. Any announcements made day of sale will supersede any advertising.    

Owners:

Family of Janet M. Dreyer-Johnson:

William D. Grieme and

Mercedes E. Dryer Trust U/A dated August 29, 2008.

Attorney for Owners: Dan Connell, Storm Lake, IA.

Sale Arranged & Conducted By:

Green Real Estate & Auction Co.                                 Dan Wendel Land & Auction LLC

Mike Green & Jim Green, Auctioneers                                  Dan Wendel, Auctioneer

 Sac City, IA., ph. 712-662-4442                                               Schaller, IA., ph. 712-661-9724

greenrealestate-auction.com                                                         danwendelauctions.com

Purchaser(s) shall pay 10% of the purchase price on day of sale and sign a standard real estate contract agreeing to pay the balance in full on or beforeJuly 21, 2021. Possession will be given upon closing, subject to existing 2021 lease. There are no Buyer contingencies of any kind. All potential bidders are expected to have financial arrangements made prior to bidding. Auctioneers represent the Seller in this real estate auction. Any announcements made day of sale will supersede any advertising. Online bidders may be asked to provide proof of financing prior to being approved to bid at this auction. 

TERMS & CONDITIONS:

NO WARRANTIES. All sales are made and accepted “AS IS-WHERE IS, WITH ALL FAULTS AND DEFECTS THEREIN”- ALL SALES ARE FINAL

By bidding on any item, Buyer has agreed to accept that item in its present condition and its present location with the description provided whether accurate or not. Also, by bidding on any item Buyer verifies that he/she agrees to all Terms & Conditions of the auction set forth below.

GENERAL TERMS: The auction will be conducted by Green Real Estate & Auction Co. referred to as Auctioneer on behalf of the owners of the property, referred to as the Seller. Auctioneer is not responsible for the acts or representations of Seller. The auction shall be governed by the terms set forth herein (the agreement), and any additional terms and condition that are posted concerning the specific property. The Agreement constitutes a valid, binding contract between individuals participating in the auction with the intent to purchase property, referred to as the Bidder or Buyer, and Seller/Auctioneer. The term Bidder or Buyer shall include, but not limited to, the individual or the company represented by the individual and any and all of its agents, employees, representatives, officer, and directors. Auctioneer is not responsible for statements made by the Bidder, Buyer, or other parties. Auctioneer reserves the right to periodically change the terms and conditions of the Agreement, which shall be effective immediately upon posting. It is the Bidders responsibility to review any and all changes made to these terms and conditions prior to bidding on property. The act of submitting a bid shall constitute Bidder acceptance of each and every term and condition contained herein, any additional terms and conditions posted with the property, and any changes made within the full agreement. All persons attending, inspecting or removing property assume all risks whatsoever of damage or loss to person and property and specifically release the Auctioneer from all liability. Auctioneer is not liable by reason of any defect in, or condition of, the property or the premises on which the preview/sale is held. Auctioneer is released for any claims to actual damage to property sold and/or consequential damages that may result from the sale of defective property. Registering and bidding online does not guarantee anonymity.

DISCLOSURES: There is no warranty offered, expressed or implied, by Green Real Estate & Auction Co. or Sellers for any property. All property is sold AS-IS, WHERE-IS, and with all faults and defects therein. ALL SALES ARE FINAL. All information provided is believed to be correct but NO warranty as such is either expressed or implied. Bidder/Buyer is fully responsible to inspect property before bidding and confirming any information important to them prior to bidding. Auctioneer reserves the right to add or withdraw property from the auction, and/or group items. Auctioneer reserves the right to sell property absolute or with a reserve, at Sellers discretion.  The Seller does have the right to reject any and all bids unless otherwise stated. In the event there is a reserve on the property/item being sold Auctioneer can advance the bid on the Sellers behalf to meet said reserve if Auctioneer deems it to be in the best interest of the auction. Auctioneer reserves the right to open the bid as the result of a tie bid or discrepancies in the bid. Buyer assumes full responsibility of property at time of purchase, and all risk of loss and damage to property.

BIDDER REGISTRATION: Bidder must be 18 years of age or older, and is required to register for the auction. In registration, Bidder must submit information found to be current, complete, and accurate for proper identification. Auctioneer does not sell or rent this information. Auctioneer uses email mailing lists to notify customers about online and live auctions. Customers who do not wish to be notified should contact the office of the Auctioneer and request removal from the email mailing list. Bidder is responsible for security of his/her bidding number/user name and password, and any and all bids placed under the assigned number/ID. Auctioneer should be notified immediately if Bidder believes number and/or password have been compromised. Auctioneer reserves the right to terminate registration, deny any person for any reason permission or access to bid, to reject any and all bids, and to suspend or ban Bidder from bidding, at Auctioneers sole discretion. Bidder registration is not transferable or assignable.

BIDDING: Bidder must register to participate in the auction. Bidder is also responsible for reading the descriptions of each lot and viewing photographs of each lot carefully. If you have questions about an item please call Green Real Estate & Auction Co. at 712.662.4442, we will try and answer any question to the best of our ability but offer no warranties. If you are able to view the property prior to bidding please inspect each item, using your own knowledge and experience, form your own opinion of the property and bid accordingly. If you are doubt whatsoever, DO NOT BID. All items are sold AS-IS, WHERE-IS and ALL SALES ARE FINAL. Bids cannot be retracted and all bids are binding contracts between Bidder/Buyer and Auctioneer/Seller. Bidder is accountable to be informed about property and associated costs before bidding. A maximum bid can be placed on property prior to the auction with Auctioneers and Seller approval. A maximum bid is kept confidential, and Bidder authorizes Auctioneer to place bids on his/her behalf up to the amount of the maximum bid. If Bidder is successful in purchasing the item they will be notified immediately following the auction to arrange for pickup and payment. Any and all questions or disputes must be resolved immediately; no changes or adjustments will be made at a later date. Auctioneer reserves the right to reopen bidding. Auctioneer decisions will be final.

BUYERS PREMIUM: Auctioneer reserves right to charge a buyers premium on each purchase if advertised prior to the Auction.  Buyers premium is an advertised percentage of the high bid or flat fee added to the high bid will be added to the high bid and become part of the purchase amount at settlement. Buyer agrees to these provision and will pay the applicable buyers premium.

PAYMENT TERMS: Sales tax, when applicable, will be charged on both the purchase price and buyers premium. Taxes, fees, shipping, handling, insurance, storage and security charges are Buyers expenses, and will be calculated and rendered due at the sale of the property. Payment must be made in full by the Buyer, immediately upon the completion of the auction by Cash, Personal Check, Cashiers Check, or by Credit/Debit card when available. Upon making payment for property, no stop payment of funds will be honored, any stop payment order of a check, or giving a check which is returned marked insufficient funds, shall be deemed by the parties to be a prima facie evidence of fraud existing at the time the transaction was consummated and shall be construed by the parties as intent to defraud.

 

REMOVAL OF PROPERTY: Buyer assumes full responsibility of property at time of purchase, and all risk of loss and damage to property. Property will not be removed from sale premises until payment in full has been received. Any and all methods of lifting, towing, and/or hauling are the Buyers responsibility. Seller and Auctioneer agree that property may remain on the sale premises for a period of time following the sale that is agreeable to all parties.  Auctioneer and/or Sellers are not responsible for any damage to property and/or persons that occur at the time of loading/unloading property purchased at the auction.

ADDITIONAL NOTICE: The following are property specific Terms & Conditions that are posted online with the individual property information and will override any likewise terms stated in this Agreement.

  • Buyers Premium
  • Sale date and time
  • Inspection location, dates, and times
  • Final date of removal
  • Special notes/comments/announcements.

ONLINE BIDDING INFORMATION

                If you are participating in an online auction, the following additional terms will apply to the Auction Terms & Conditions set forth above:

BIDDING IN THE ONLINE AUCTION: Once you are registered and have your User Name & Password, you may place bids as soon as a lot opens for bidding. Your bids are FINAL and constitute a binding contract. Please be aware that lots can close at various times and possibly different days and may be extended. You are responsible for monitoring these close times. Please bid early to avoid disappointment.

Bidder acknowledges that hardware malfunctions, software malfunctions, viruses, and similar issues do occur and are beyond the knowledge, scope, and control of Auctioneer. We are NOT responsible for your system malfunctions, connection to the internet or your e-mail client stopping any of our e-mails to you in regard to bid confirmations and/or outbid notifications.

All lots for the Auctions must be paid for within 3 business days after the auction unless otherwise stated and agreed upon by Buyer and Auctioneer. Business days are considered to be Monday-Friday.  An invoice will be sent to your registered e-mail address within 24 hours following the conclusion of the auction. Once you have received the e-invoice contact us immediately and let us know your payment method. If payment is not received within agreed upon time you agree that all accounts due will be charged to your credit card on file with a 3.5% convenience fee.

INTERNET ABSENTEE BID: If the auction is an internet absentee bid only auction you are encouraged to leave your max bid prior to the online portion ending. Your max bid will be kept confidential, and Bidder authorizes Auctioneer to place bids on his/her behalf up to the amount of the maximum bid. If absentee bid is the high bid at the auction Buyer will be notified following the auction and will receive an invoice within 24 hours after the completion of the auction.