Successful Online Auction! The Jernberg Trust is offering their dryland for sale in two parcels via an online-only (timed) auction on November 15, 2023. With recently expired CRP contracts, there is opportunity to break out the land and return it to production. Buyer shall have full possession upon closing.
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ONLINE BIDDING PROCEDURE: The JERNBERG TRUST DRYLAND AUCTION is an online-only auction with RESERVE and will be offered for sale as a single parcel. BIDDING WILL BE ONLINE-ONLY on Wednesday, November 15, 2023, and will begin @ 8:00 am, and will “soft” close @ 12:00 (noon), MT. Bidding will close when 5 minutes have passed with no new bids.
To bid at the online auction:
BIDDER REQUIREMENTS: Requirements for Buyer(s) to be approved to bid online: 1.) Review and agree to the terms and conditions of the Due Diligence Packet; 2.) Provide Reck Agri Realty & Auction verification of available funds to purchase the property and/or bank loan approval letter with no contingencies; and 3.) Complete and submit the ‘Bidder Approval Request’ form located on this property’s page at reckagri.com. 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. A Due Diligence Packet may be obtained by visiting the property page at reckagri.com or by calling Reck Agri Realty & Auction.
TERMS: Competitive bids will determine the outcome of the auction. Seller reserves the right to accept or reject any and all bids. Seller agrees not to accept and negotiate any contracts to purchase prior to auction date. Bids will be taken for total purchase price not price per acre.
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 December 15, 2023. Closing to be conducted by Yuma County Abstract and the closing service fee to be split 50-50 between Seller and Buyer(s).
TITLE: Seller to pass title by Trustee’s Deed free and clear of all liens. 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).
POSSESSION: Possession of property upon closing.
PROPERTY CONDITION: Prospective bidders should verify all information contained herein, fully inspect the property, its condition, and rely on their own conclusions. The property is being sold AS IS-WHERE IS, without warranty, representation or recourse to Seller.
REAL ESTATE TAXES: 2023 real estate taxes due in 2024 to be paid by Seller, at closing. 2024 and thereafter taxes to be paid by Buyer(s).
MINERALS: Seller to convey all of the Seller’s OWNED mineral rights.
ACREAGES: All stated acreages are approximate and are obtained from FSA and/or County Assessor records. Said records may indicate different acreages, no warranty is expressed or implied as to exact acreages of property, all bids are for the total parcel without regard to exact acreage.
GROWING CROPS: None.
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 assume no responsibility for the omissions, corrections, or withdrawals. The location maps are not intended as a survey and are for illustrative purposes only. Reck Agri Realty & Auction and all other agents of Broker are or will be acting as a Transaction Broker. Reck Agri Realty & Auction does not offer broker participation for 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.
Announcements made by Reck Agri Realty & Auction at the time of the sale will take precedence over any previously printed materials.
Prior to auction, Buyer(s) to review the terms and conditions as set forth in the Due Diligence Packet. Due Diligence Packet may be obtained by visiting auction property page at www.reckagri.com, or by calling Reck Agri Realty & Auction. Bidding on someone’s behalf must be approved by Reck Agri Realty & Auction 24 hours prior to auction.
