160+/- Acres Bennett County, South Dakota
UNRESERVED ONLINE AUCTION
Thursday, May 16, 2019
Bidding opens May 2nd and ends May 16th at 1:00 PM
This farm is selling on an online only auction. To register and bid, visit www.bigironrealty.com.
The bidding increments will be $50/acre. Auctioneer Reserves the right to adjust bidding increments. The final sale price will be calculated based on 160 acres times the highest bid.
General Description: This mostly level to gently rolling quarter is a center pivot irrigated farm. The pivot and well are powered by electricity. All irrigation equipment is included in this sale. There is a livestock facility in the dryland southwest corner of the quarter. The livestock waterer in the Southwest dryland corner of this property has no well to supply water to it.
BIDDING PROCESS: You may place bids on this farm for 14 days beginning May 2, 2019, and ending May 16, 2019, at 1:00 PM. This unreserved online auction features bidding extensions. If a bid is received within five minutes of the scheduled close time, the bidding period is automatically extended to five minutes. This will continue until there is a five-minute period where no bids are placed. NOTE: Do not wait until the day the auction closes to register to bid online. All bidders must be approved to bid, so register at least 24 hours prior to the auction close or call 800-887-8625 for assistance.
Plan to Attend the Informational Meeting:
Crossroads Inn Motel
Martin, SD 57551
BigIron Realty Agents will be available at the Crossroads Inn Motel meeting room in Martin, South Dakota, on Thursday morning, May 16, 2019, from 8:00 a.m. until the conclusion of the online auction. Please come to receive assistance with registering to bid online or to answer any questions. You do not have to be present to bid online, but you are required to be available by phone.
Legal Description: The SE 1/4 of Section 7, Township 37 North, Range 33 West, Bennett County, South Dakota consisting of 160+/- acres.
2018 Taxes: $1,193.60
Land Location: This Bennett County pivot irrigated quarter is located 5 miles east of Vetal, South Dakota, on Hwy 18, then 1 mile south on 242nd Avenue, then ½ mile east on a dirt access easement along the south side of the NW ¼ of Section 7.
NOTE: The previous owner of the property has the right to purchase the property at the auction pursuant to the terms outlined below.
Terms: Seller (Farm Credit Services) reserves the right to accept a matching cash offer on the property from the previous owner at the high bid price with all other terms being the same as outlined herein. The successful buyer will be required to enter into a written purchase agreement immediately after the sale with a 25% non-refundable down payment to be payable to Rosebud & Platte Title Co, Gregory, South Dakota. Seller will grant Immediate Possession with this Non-Refundable Earnest Deposit which can be made by a personal check, company check or by wire transfer. The balance will be due at closing on or before June 14, 2019. Seller will provide marketable title to the buyer evidenced by title insurance; the title insurance and closing costs are split 50/50 between the buyer and seller. The 2018 real estate taxes will be paid by the Seller, and the 2019 Real Estate Taxes will be paid by the Buyer. The property will not be sold subject to financing. Please have all financial arrangements made prior to the auction. The written purchase agreement, to be signed by the seller and buyer after the auction, is the sole and controlling document of this sale and supersedes any and all other terms whether verbal, written, expressed or implied and shall be the sole and controlling document for this real estate transaction. BigIron Realty is working for the seller.
Owner: Farm Credit Services
For more information, contact listing agents:
Ron Stock 402-649-3705 or John Buhl 402-649-3750