Name Wayne R. Clausen Farmland Auction
Auctioneer DreamDirt Farm and Ranch Real Estate, LLC.
Type Live Webcast Auction
Date(s) 8/4/2017
8/4/17
Preview Date/Time TBD
Checkout Date/Time 8/4/17
Location Knights of Columbus Hall 1507 E. Lakeshore Drive
Storm Lake, IA 50588
Buyer Premium Online bidders see Terms
Description
This is a live auction with online bidding. The auction will be held at the Knights of Columbus Hall in Storm Lake. Agent Comments 90+ CSR2 farms on the open market are very rare. These high quality farms are held closley and often traded privately. Mr. Clausen has chosen to offer this farm to the public via an auction and you will have the opportunity to buy it on August 4th. Sale Method The farms will be sold by live public auction with online bidding available. Legal Description SW 1/4 of Section 13 excluding acreage site Maple Valley Township Buena Vista County Iowa Auction Location Knights of Columbus Hall 1507 E. Lakeshore Drive Storm Lake Iowa on the NE edge of the lake across the road from Kings Point Waterpark. Possession Full possession March 1, 2018 Closing The closing will be held on September 13th FSA Information 155.22 Farmland 148.40 Cropland Base Acres Corn 74.80 Soybeans 73.60. Tract 1 according to FSA is 76 Acres and Tract 2 is 72.4 Acres Mineral Rights All mineral rights will convey to the buyer Soil Productivity 93.9 CSR2 on the whole farm and CSR2 of 93.9 on Tract 1, and CSR2 of 93.9 on Tract 2 Earnest Money 5% of the purchase price will be required when you are the high bidder to be held as earnest money until closing. Farm Lease There is no lease on the farm. The seller lives out of state and has the farm custom farmed and little control over when the crop is harvested but as soon as it is you will get possession. No stalks will be baled from the farms. Terms and Conditions All bids will be cash bids. Property taxes will be prorated to the date of closing. The seller will require a 5% earnest deposit the day of the auction for successful bidders which is non refundable if you fail to close. Abstract will govern the actual legal description. You may bid in person at the auction, on our website or via our smartphone app. All absent bidders will be required to provide a bank letter of credit to bid online. Onsite bidders are not required to provide a bank letter of credit.
Terms and Conditions All bids will be cash bids. Property taxes will be prorated to the date of closing. The seller will require a 5% earnest deposit the day of the auction for successful bidders which is non refundable if you fail to close. Abstract will govern the actual legal description. You may bid in person at the auction, on our website or via our smartphone app. All absent bidders will be required to provide a bank letter of credit to bid online. Onsite bidders are not required to provide a bank letter of credit. CONTRACT AND TITLE Immediately upon conclusion of the auction the high bidder(s) will enter into a real estate contract and deposit with DreamDirt Farm and Ranch Real Estate LLC the proper non refundable earnest deposit. The Seller(s) will provide a current abstract at their own expense. Sale is not contingent upon buyer financing, all bids are cash bids. This sale is subject to all easements, covenants, leases and restrictions of record. Buyers must do their due diligence prior to bidding. All property is sold on an "As is – Where is" basis with no warranties or guarantees, expressed or implied, made by the Auctioneer or Seller unless specifically stated. Seller reserves the right to accept or reject any and all bids. DreamDirt Farm and Ranch Real Estate LLC and its representatives are agents of the Seller. Winning bidder(s) acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made auction day by the Auctioneer will take precedence over any previous material or oral statements. Bidding increments are at the sole discretion of the Auctioneer. The Auctioneer may accept absentee or phone bids from bidders who can not attend the auction or bid on half of the seller. All decisions of the Auctioneer are final. The auction is open to the public contingent upon proper behavior. The Auctioneer may ask your to leave if your behavior is not in the best interest of the seller.
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 Online bidders see Terms
Payment Terms
All bids will be cash bids. Property taxes will be prorated to the date of closing. The seller will require a 5% earnest deposit the day of the auction for successful bidders which is non refundable if you fail to close. Abstract will govern the actual legal description. You may bid in person at the auction, on our website or via our smartphone app. All absent bidders will be required to provide a bank letter of credit to bid online. Onsite bidders are not required to provide a bank letter of credit.