Method & Terms

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Lot #0 (Sale Order: 1 of 8)

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Location: Vandalia, IL

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This lot is informational and may be used for test bidding - place your actual bids below on Lots #1-6.

The SDDC Farms, LLC real estate will be sold on a price per acre basis, based on surveyed acres. The tracts will be offered through the marketing method of "Buyer's Choice", whereas the high bidder can elect any of the tract(s) for their high bid. If the high bidder does not elect all offered tracts, then the remaining tract(s) will continue to be offered "Buyer's Choice" until all tracts have been elected. The tracts will NOT be offered in their entirety at the conclusion of the auction.

Immediately following the auction, the successful buyer will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment which will be held in escrow until closing. The balance of the purchase price will be due at closing which will take place on or before Wednesday, May 22, 2024.

The seller will provide title insurance in the full amount of the purchase price and will pay all of the 2023 real estate taxes, due and payable in 2024, through a credit at closing. Buyer will be responsible for 2024 taxes and beyond. The property sells free and clear of any leases - there are no hunting leases associated with any of the tracts. Full possession at closing. (The current tenant will offer $300/tillable cash rent for the 2024 crop year to interested bidders, contact the auction managers for more information)

Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal, or inspection of the property.

All announcements made on sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements, and on our website is believed to be accurate; however, no liability for its accuracy, errors, or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers, a BigIron company, pertaining to this property. Real estate is being sold "AS IS".

SDDC Farms, LLC

Closing & Title Work:
Burtschi Bros & CO. | 415 W. Gallatin Street, Vandalia, IL 62471 | (618) 283-2102

Auction Managers:
Rodney Borrowman (630) 247-0667
John Borrowman (217) 430-0645

Information & Special Terms

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Payment Options: Check and Wire Transfer
Payment Instructions: Immediately following the close of the auction, the successful bidder will be required to enter into a purchase agreement. Purchase Agreement will be emailed to address on file and contract must be returned via email or fax. Immediately following the close of the auction, the successful bidder will be required to pay a non-refundable deposit as outlined in Lot #0 - Method & Terms. Failure to execute and return contract with deposit will be considered in default. Bidding on the property is not contingent on financing, appraisal or any other contingencies.
Currency Type: USD
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Location: Online Event, Vandalia, IL 62471
Driving Directions: Auction to be conducted as a virtual, online only auction. If you need assistance with internet bidding, please contact our office at (844) 847-2161. Thank you.

Special Terms

Property is offered under the specific terms provided in the printed and electronic versions of the auction brochure. Any and all inspections are the responsibility of the buyer prior to auction. Buyer is responsible for reviewing auction listing prior to close of sale to inspect any changes, corrections, or additions to property information. Property is being sold as is. Announcements sale day take precedence. Immediately following the close of the auction, the successful bidder will be required to enter into a purchase agreement. Purchase Agreement will be emailed to address on file and contract must be returned via email or fax. Immediately following the close of the auction, the successful bidder will be required to pay a non-refundable deposit as outlined in Lot #0 - Method & Terms. Failure to execute and return contract with deposit will be considered in default. Bidding on the property is not contingent on financing, appraisal or any other contingencies. Sullivan Auctioneers, LLC are licensed auctioneers representing the seller(s) in this transaction. Sullivan Auctioneers, LLC reserves the right to deny registration.

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This item is part of Fayette County, IL Land Auction - SDDC

Wednesday, Apr 17, 2024 | 10:00 AM Central

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Bid Range	Increment
$0.00 - $29,999.99	$100.00
$30,000.00+	$1,000.00