Property Description
– TIMED ONLINE AUCTION- APRIL 3rd -APRIL 7th 2023
Click the link ===>> Commonground.io for additional property information, auction registration and bidding.
90.3 surveyed acres in Fulton County, IL. This tract is located between Canton and Glasford in section 23-7N-5E of Orion Township. The tract consists of 90+- tillable acres with road frontage along Big Barn Road. The 90+- tillable acres offer a PI of 119.6 consisting primarily of Keomah silt loam and Rozetta silt loam. There’s a new 8″ tile installed along with additional tile running to the South.
Click the link ===>> Commonground.io for additional property information, auction registration and bidding.
Contact Brad Belser (309)231-1449 or Brad@ilfarmandrecland.com for additional details or questions regarding the registration and bidding process.
AUCTION TERMS
Jim Maloof Realtor-Illinois Farm and Rec Land, its representatives, and the clients they represent will not prohibit a person from bidding due to their race, color, national or ethnic origin, age, religion, disability, gender, sexual orientation, or any other characteristic protected under applicable federal or state law.
- Timed Online Auction Bidding Procedures
Bidding is open to registered bidders only.
Online Bidding- Online bidders must register and be approved any time prior to the close of the auction. Jim Maloof Realtor-Illinois Farm and Rec Land is not liable for any technological difficulties or failure of the online bidding system. Bidders who do not have the capability to bid online may make arrangements with the auctioneer for a personal representative to bid on their behalf at least 24 hours prior to the auction close. At the time of the auction close, the bidder with the high bid will be the winning bidder. The purchase price will be determined by the high bid amount. By accepting these Terms and Conditions, bidders warrant and represent that they are willing and able to purchase the property. (Note: the auction will close at 12:00 pm CST unless a bid is placed in the final four minutes at which time the auction will be extended.
- Purchase Agreement and Earnest Money- The winning bidder is required to sign an Illinois Real Estate Purchase Agreement and provide a cashier’s check, personal check or money wire in the amount of 10% of the purchase price as an earnest money payment. The winning bidder will receive an electronic Illinois Real Estate Purchase Agreement via Email. The winning bidder is required to provide 10% of the purchase price as an earnest money payment in the form of a cashier’s check, personal check, or money wire no later than Monday April 10th 2023 paid to Holland and Holland attorneys in Bushnell, IL.
- Closing and Marketability of Title- Once the Purchase Agreement is complete and the earnest money has been received, a closing date will be chosen. The balance of the Purchase Price and the earnest money deposit will be paid no later than 30 days after auction is completed, or the Buyer will be in default and the earnest money will be moved from escrow to the Sellers. Sellers will provide evidence of marketable title. Buyer and Seller agree to split any additional fees and closing costs 50%/50%. Property is sold “as is”, “where is” condition.
Notice: The information presented is obtained through reliable sources. Jim Maloof Realtor-Illinois Farm and Rec Land does not guarantee accuracy. Any and all prospective buyers are encouraged to perform their own due diligence of property and related information. Jim Maloof Realtor-Illinois Farm and Rec Land encourages and assumes that bidders will conduct proper due diligence and inspection of the property and are satisfied with its condition. Buyer agrees to hold Jim Maloof Realtor-Illinois Farm and Rec Land, its representatives, and the clients they represent harmless with respect to property condition, status, or any other matters regarding the property.
Seller has the right to refuse any and all bids.