Description

Auction Details

Live & Online Land Auction Auction Cancelled - Sold prior 67.94 +/- Acres St Clair County IL

Property Address: 4301 Waterloo Road, Waterloo, IL 62298

Property Viewing: March 15th from 12 pm - 2 pm or by appointment

Live Auction Date: March 26, 2020 - Thursday 6:30 Auction Location: Floraville Grange, 4165 Floraville Road, Waterloo, IL 62298

Property Detail:

• 67.94 +/- acres in St Clair County on both sides of Waterloo Road. 52 +/- acres of tillable land with a Soil PI of 109.4 with the balance creek, wooded and possible building site.
• Smithton Grade School #130 & Freeburg High School #70

Agent Comments:

• This is a nice property to add to a farming operation and possibly a building site. Check it out and do not miss this opportunity.

Parcel Number: 16-11.0-100-004 & 16-11.0-300-013

Legal Description: Part of Section 11 Township 2 South Range 9 West. St Clair County, IL (Deed to govern.)

Terms:

Bidding information: Seller reserves the right to accept or reject the high bid. The auction company reserves the right to bid.

Inspection: Property is selling in “AS-IS” condition & all inspections should be done prior to bidding. This is not contingent on inspections.

Registration: Proper and complete registration is required to bid. All bidders must provide name, address, phone number, and email address to register. A registered online bidder will then be qualified by the auctioneer to continue; the bidder will be asked for a copy of a state-issued ID and must be at least 18 years of age. Credit card verification is required to bid online. The credit card will be validated before bidding access is granted, but is not a recognized form of payment of the deposit or purchase price. Deposit must be wired by the close of business the next day. The credit card will not be charged unless Winning Bidder fails to complete the contract signing process and required wiring, then $1000 will be charged to the credit card provided at registration. By registering, all bidders acknowledge having read and agree to be bound by the Auction Terms and Conditions. Auctioneer reserves the right to refuse to register or admit Buyer at his/her sole discretion. Online bidders must be verified 24 hours in advance of the live auction. The buyer should register as early as possible to obtain information about the property and increase the likelihood of being notified of any pertinent changes that take place before the auction.

Contract: Accepted winning bidder must sign in person or electronically the auction sales contract immediately after the sale.

Earnest Money: Within 48 hours of the close of bidding, the approved high bidder will deposit a nonrefundable payment due of 10% down - deposited with Town & Country Title Company. Any stop payment order of a check, or giving a check which is returned marked “insufficient funds,” shall be deemed by the parties to be evidence of fraud existing at the time the transaction was consummated and shall be construed by the parties as intent to defraud.

Closing: On or before April 27th, 2020.

Closing Cost: Buyer shall pay the purchase price, plus any closing costs, and any applicable taxes. The closing costs may include but are not limited to, the following: escrow/closing fees, recording fees, normal pro-rations and/or document fees.

Taxes: Prorated to the day of closing. 2018 taxes were $937.58

Possession: At closing - No farm lease for the 2020 farming season. Early possession is available to the buyer with a 20% non-refundable deposit that goes toward the purchase price at closing. If the buyer fails to close, the buyer can lose possession of the land and will not be compensated for any of the inputs and work they have completed to the land.

Financing: Your bidding is not conditional on financing, make arrangements before bidding. Not contingent on appraisal.

Survey: No current survey. Will be sold by legal description on the current deed.

Broker Co-Broke: Offered – 2 % on the registered bid - and 1 % on any raise thereafter - The broker must register the bidder prior to any registration or bidding by the represented party. IF the registered bidder is the accepted winning bidder, then the sponsoring broker will be paid 2% on the registered bid and 1% on rising at closing when it closes. By registering a bidder, the broker understands that the bidder is in agreement with the terms of the auction and if the accepted high bidder, the bidder will have to sign an auction sales agreement at the close of the auction.

DISCLAIMER AND ABSENCE OF WARRANTIES: Subject to prior sale. Subject to all easements, covenants, and restrictions on record. All information contained herein, and all related materials are subject to the terms and conditions outlined in the agreement to purchase. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller(s) or the auction company. Each potential bidder is responsible for conducting his or her independent inspections, investigations, inquiries and due diligence concerning the property. The figures, estimates, and drawings of acreages and boundary lines in the printed material or on the website are approximate and are not guaranteed. The information provided here is believed to be accurate but is subject to verification by all parties relying on it. The Seller(s) or the auction company or their agents assume no liability for its accuracy, errors or omissions.

It is the responsibility of each bidder to make sure that the Auctioneer is aware of his or her intent to place a bid. Auctioneer disclaims any liability for damages, whether direct, indirect, consequential, or incidental, resulting from bids not spotted, executed, or accepted. Bidders should also be careful to bid on the correct item and ensure that his/her bid is for the amount intended. Auctioneer is not responsible for errors in bidding, and Buyer hereby releases the Auctioneer and waives any claims for bidding errors. The sale is complete when the Auctioneer so announces in a customary manner. The auctioneer is not responsible for errors in the internet connection or the functioning of the computer system at that time.

Conduct at the auction and increments of bidding are at the direction and discretion of the Auctioneer. The seller and auction company reserve the right to disqualify or refuse any bid from the person if there is any question as to the person’s credentials, fitness, etc. All decisions of the Auctioneer are final, and all announcements made through the online bidding system and day of the sale by the Auctioneer will take precedence over printed or spoken information made prior. Property Peddler Inc. and their agents work for the Seller.

Auctioneer: Brad Chandler - Auctioneer - IL Lic # 441.002105 Contact Information: 618-791-3289 email: brad@propertypeddler.com Broker License held with Property Peddler Inc - Lic # 475.162275

Call Property Peddler Inc  - Auctioneer and Real Estate Broker /Owner - Brad Chandler 618-791-3289 to discuss this property, or to talk about booking your own auction.  We can do a multi-par auction, live or online auctions.  No two auctions are the same.

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