Method & Terms

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Lot #0 (Sale Order: 1 of 3)

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Location: Edina, MO

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This lot is informational and may be used for test bidding - place your actual bids below on Lots #1-2.

The Schrage farm will be sold on a price per acre based on surveyed acres. Both tracts will be offered through the marketing method of "Buyer's Choice", whereas the high bidder can elect either of the tracts for their high bid. If the high bidder does not elect both offered tracts, then the remaining tract 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, payable to Knox County Abstract, 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 Thursday, May 23, 2024.

The seller will provide title insurance in the full amount of the purchase price. The 2024 real estate taxes will be prorated to the date of closing. Open tenancy for 2024 crop year and beyond. Possession at closing. The buyer will be offered early possession with full farming rights upon receiving the 10% non-refundable down payment and providing proof of insurance.

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

All announcements made 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".

CLICK HERE TO VIEW TITLE COMMITMENT

CLICK HERE TO VIEW SURVEY PLAT

CLICK HERE TO VIEW PURCHASE AGREEMENT - TRACT 1

CLICK HERE TO VIEW PURCHASE AGREEMENT - TRACT 2

Jeremy & Heather Schrage

Closing & Title Work:
Knox County Abstract
105 S 1st St, Edina, MO 63537 | (660) 397-3259

Auction Manager:
Louie Zinn (319) 795-2314
Dan Sullivan (319) 795-1833

Information & Special Terms

Internet Premium :
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
Shipping Instructions:
Preview Date & Times:
Checkout Date & Times:
Location: Online Event, Edina, MO 63537
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 Knox County, MO Land Auction - Schrage

Tuesday, Apr 23, 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