UNDER CONTRACT. Productive dryland quarters with great access. Each parcel will be offered independently in a timed, online auction. Bidding will open at 8am with a soft close at 12pm. Bidding time will extend and remain open on all parcels until 5 minutes have passed with no new bids on any of the parcels – this allows buyers to purchase multiple parcels, if desired.
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ONLINE BIDDING PROCEDURE: The Central Deuel County Dryland Auction will be offered for sale in 7 parcels. BIDDING WILL BE ONLINE ONLY on Tuesday, October 22, 2024. Bidding will begin @ 8:00 am MT; the auction will “soft close” @ 12:00 noon MT. Bidding remains open on all parcels as long as there is continued bidding on 1 or more of the parcels. Bidding will close when 5 minutes have passed with no new bids on any of the parcels. Bidders may bid on any and/or all parcels at any time before bidding closes.
To bid at the online auction:
1.) Download RECK AGRI MOBILE APP through the Apple App Store or Google Play OR visit reckagri.com and click on the Central Deuel County Dryland Auction property page to register to bid. 2.) Your registration must be approved by Reck Agri Realty & Auction before you may bid. See Bidder Requirements below. If you have questions regarding the bidding process and/or registration, call Reck Agri Realty & Auction at 970-522-7770.
BIDDER REQUIREMENTS: Requirements for Buyer(s) to be approved to bid online: 1.) Review and agree to the terms and conditions herein and 2.) Provide Reck Agri Realty & Auction verification of available funds to purchase the property and/or bank loan approval letter with no contingencies. Reck Agri Realty & Auction reserves the right to refuse registration to bid and/or bids from any bidder. Bidding increments are at the discretion of the Broker. This Due Diligence Packet may be obtained by visiting Central Deuel County Dryland Auction property page at reckagri.com or by calling Reck Agri Realty & Auction.
TERMS: Upon the conclusion of the auction, the highest bidder(s) will enter into and sign Farm, Ranch, & Land Purchase Agreement for the amount of the bid. Required earnest money deposit to be in the form of a check or wire for 15% of the purchase price, which is due upon the signing of the contract and to be deposited with Thalken Title Company. Purchase contract will not be contingent upon financing. Terms and conditions herein and announcements shall be incorporated and made a part of the Farm, Ranch, & Land Purchase Agreement. Sample of said purchase agreement is available within the Due Diligence Packet.
CLOSING: Buyer(s) shall pay in good funds, the balance of purchase price plus their respective closing costs, and sign and complete all customary or required documents at closing, which is on or before November 25, 2024. Closings to be conducted by Thalken Title Company and the closing service fee to be split 50-50 between Seller and Buyer(s).
TITLE: Seller to pass title by Warranty Deed free and clear of all liens, encumbrances, special assessments levied or assessed, and subject to all easements and restrictions or covenants now of record. Title commitments are available for review within the Due Diligence Packet and title commitment and exceptions will be incorporated and made a part of the Farm, Ranch, & Land Purchase Agreement. Title Insurance to be used as evidence of marketable title and cost of the premium to be split 50-50 between Seller and Buyer(s), except Buyer(s) to pay for cost of loan title insurance policy, if applicable. The Buyer(s) to receive a TBD title commitment within Due Diligence Packet, updated title commitment with Buyer(s) name, lender, purchase price, and all supplements and additions thereto after auction, and an owner’s title insurance policy in an amount equal to the purchase price after closing. Property to be sold subject to existing roads and highways; established easements and rights-of-way; prior mineral reservations; and other matters affected by title documents shown within the title commitment; and zoning, building, subdivision, and other restrictions and regulations of record.
POSSESSION: See Parcel Information pages for possession details of each Parcel.
PROPERTY CONDITION: Prospective Buyer(s) should verify all information contained herein and are urged to fully inspect the property, its condition, and to rely on their own conclusions. The property is being sold AS IS-WHERE IS, without warranty, representation or recourse to Seller.
GROWING CROPS: Seller to convey to Buyer(s) all rights and interest to the landlord’s right and interest of all wheat currently planted as pursuant to the current verbal farm lease on Parcels #4 and #6. Buyer(s) to assume Seller’s interest in and obligations therewith of the growing crops on the property, subject to the existing farm lease on the property which includes paying 1/3 of seed, chemical and fertilizer expenses. Seller to assign all right, title, and interest to the Seller’s crop insurance at time of closing; Buyer(s) to pay premium at closing.
REAL ESTATE TAXES: 2024 real estate taxes due in 2025 to be paid by Seller, at closing, based on the previous year’s taxes; this shall be considered final payment for the Seller. Buyer(s) will be responsible to pay full tax bill when due and payable in 2025.
FSA DETERMINATION: FSA base acres and yields to pass with the property as designated herein. Buyer and Seller, at closing, to sign a Memorandum of Understanding (MOU) stating the base acres and yields as designated within this Due Diligence Packet.
LEGAL DESCRIPTION: Legal descriptions are subject to existing fence/field boundaries or land-use trades, if any.
MINERALS: Seller to convey all their OWNED mineral rights to Buyer(s).
NOXIOUS WEEDS: There may be areas infested by noxious weeds. The location of and the density of noxious weeds is unknown.
ACREAGES: All stated acreages in the Color Brochure, Due Diligence Packet, and any visual presentation at the auction are approximate and are obtained from the FSA office and/or county tax records. Both sources may indicate different acreages and no warranty is expressed or implied as to exact acreages of property. All bids are for the total parcel without regard to exact acreage. There will be no adjustment in purchase price if acreage is different than what is stated in herein and/or stated at the auction.
ANNOUNCEMENTS: The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. Reck Agri Realty & Auction and the Seller assume no responsibility for the omissions, corrections, or withdrawals. The location maps are not intended as a survey and are for general location purposes only. Reck Agri Realty & Auction and all other agents of Broker are or will be acting as a Limited Dual Agent. Announcements made by Reck Agri Realty & Auction, at the time of sale will take precedence over any previously printed material. Reck Agri Realty & Auction does not offer broker participation for the this auction. Reck Agri Realty & Auction reserves the right to require bank references upon request and reserves the right to refuse bids from any bidder. Bidding increments are at the discretion of the Broker.
COPYRIGHT: Photographs, videos, Color Brochure & Due Diligence Packets are property of Reck Agri Realty & Auction and cannot be reproduced without permission.
NOTICE TO PROSPECTIVE BUYER(S): The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. Reck Agri Realty & Auction and the Seller assumes no responsibility for the omissions, corrections, or withdrawals. The location and aerial maps are not intended as a survey and are for general location purposes only. The prospective Buyer(s) should verify all information contained herein. All prospective buyers are urged to fully inspect the property, its condition and to rely on their own conclusions. All equipment and improvements are to be sold AS IS-WHERE IS, without warranty, representation, or recourse to Seller.
