ONLINE ONLY LAND AUCTION, Greenfield IA

Monday March 15, 2021 | Greenfield, IA. US. 50849

There are no images for this auction. Please refer to the salebill for more information

Auction Terms & Conditions: Auction: 60 +/- Agricultural, Industrial, Commercial, Residential 1. Purchase Agreement Contract: The property is offered under the specific terms provided in the contract. You may request a copy of the Purchase Agreement Contract from the auction company by emailing [email protected] or by calling 515-229-5312. a. Bidders may be required to provide a credit card for registration to bid online and be qualified to bid at the sole discretion of the Auctioneer. b. The winning bidder will be required to sign a Purchase Agreement Contract.. c. Bidding Increments are a minimum of $50.00. Bidders may enter a higher amount but no bids below $50.00 will be permitted. THE BID AMOUNT THAT IS SHOWN AS THE HIGH BID IS WITHOUT A BUYER?S PREMIUM. ALL BIDS IN THE ONLINE BIDDING WILL HAVE A 5% BUYER?S PREMIUM ADDED TO DETERMINE THE FINAL SALES PRICE. 2. Terms of Sale: At the conclusion of the auction, successful bidders will be emailed a contract to be executed and returned to [email protected] and [email protected] Successful bidders will deposit a non-refundable amount of Ten Percent (10%) of the Contract Sales Price by wire transfer or certified check to the closing attorney, Borseth Law Office, with the contract for sale within 24 hours of auction conclusion. The entirety of the remaining balance is due at closing on or before the contract closing date stipulated in the purchase agreement. This must be completed within 24 hours of receipt of the documents or the purchaser shall be in default. 3. Buyer's Premium: A 5% buyer?s premium will be added to the bid price to determine the final sale price. Example: Bid Price: $1,000 Plus 5% Buyer?s Premium: $50 Total Sale Price: $1,050 4. Bidder Verification: West Central Sales and Auction will verify all bidder registrations. If the auction company is unable to verify the bidder and/or the bidder does not comply with the online terms the bidding rights shall be terminated or extinguished without notice. 5.Bidding Format: West Central Sales and Auction, utilizes ?timed auction events? in an online setting. You will need a continuous internet connection, high speed connection is recommended. Our Online only real estate auctions also include an auto-extend "soft-close" feature. Any bid placed within 5 minutes of the auction ending will automatically extend the auction for an additional 5 minutes from the time the bid is placed. For technical assistance please call Heather 515-971-1085. (Example :) If an auction scheduled to end at 4:00 p.m. receives a bid at 3:59 p.m., the conclusion of the auction automatically extends to 4:04 p.m. The auto-extend "soft-close" feature remains active until no further bids are received within the 5 minute time frame. The winning bidder is the final bidder whose bid has not been raised in the 5 minute time frame. 6. Auction Bid Default: In the event a winning bidder fails to submit the executed contract of sale as well as the required earnest money deposit as provided in the Auction Terms, the Seller and West Central Sales and Auction reserve the right to enforce the sale through all means available under the law. Buyer acknowledges that if it defaults under the Terms of the auction it may lose its deposit (including any credit card hold up to the amount of the deposit due) or be forced by a court of law to complete the transaction. Additionally, the Seller may choose to void the defaulting bidders bid - the Seller is under no obligation to a defaulting bidder. 7. Closing: Closing will occur on or before April 15, 2021. The seller shall convey the property by Special Warranty Deed. The seller shall pay for deed preparation, their share of prorated real estate taxes, and their own attorneys? fees. Buyer is responsible for all other costs of closing and transfer. All real estate taxes for the year in which the property is sold shall be prorated as of the date of the closing, as is standard and common practice to the area in which the property is located. All leases due and payable, if any, shall be prorated to the date of the closing, as is standard and common practice to the area in which the property is located. All deposits of tenants shall be transferred to the buyer at closing, if applicable. All tenant leases have been terminated. Buyer acknowledges that this sale is not contingent upon post sale inspections or financing approval. 8. Auctioneer Disclosure: West Central Sales and Auction represents the SELLER in ALL transactions. 9.Disclaimer: All information contained herein is believed to be correct. The information is being furnished to bidders for the bidder?s convenience and it is the responsibility of the bidder to determine that information contained herein is accurate and complete. Any reliance on the contents shall be solely at the recipient?s risk. Each bidder must conduct and rely solely upon their individual investigation and inspection. The property is being sold ?AS IS, WHERE IS? with any and all faults. Please review all information supplied and seek appropriate assistance prior to bidding. 10. Changes, Alterations and Announcements: The Auctioneer reserves the right to deny any person admittance to the auction, to postpone or cancel the auction, to withdraw the property from Auction and to change or alter the terms of the Auction upon announcement prior to or during the course of the Auction sale, without prior notice. Terms & Conditions for Timed Online Auctions: The following Terms and Conditions apply to all online auctions conducted by West Central Sales and Auction. West Central Sales and Auction is referred to as ?we? or ?our? or ?Auctioneer? in the following Terms and Conditions, and references to the Auctioneer include all of the Auctioneer?s employees, agents and other representatives. The Auctioneer is conducting this auction as an online auction only. Bidders are referred to as ?you? or ?your? or ?Bidder(s)? in the following Terms and Conditions. You are required to acknowledge that you have read and understand these Terms and Conditions before you will be allowed to register for and bid at this auction. In addition, the Auctioneer may add additional terms and conditions (the ?Additional Terms and Conditions?) for this auction, and you will be required to acknowledge that you have read and understand any such Additional Terms and Conditions. In the event of any conflict between these Terms and Conditions and any such Additional Terms and Conditions provided by the Auctioneer, the Additional Terms and Conditions shall apply and shall supersede any conflicting provisions in these Terms and Conditions. Due Diligence: It is your responsibility to obtain and read the all property information relating to the property being sold at this auction, as well as any and all other information made available on the West Central Sales and Auction website relating to this auction and the property being sold at this auction. You acknowledge and represent that you have done so. Not with standing the foregoing, you also acknowledge and agree that the sale pursuant to this auction is being made on an ?as-is, where-is? basis, with no representations or warranties of any kind, expressed or implied, by the Seller and/or the Auctioneer. You further acknowledge that any information contained in advertisements or otherwise obtained through the West Central Sales and Auction website or directly or indirectly from the Auctioneer and/or the Seller is being presented to the best of the Auctioneer?s and the Seller?s actual knowledge without independent verification. Therefore, it is your sole and exclusive responsibility to inspect the property; review the documents relating to the property; assess the accuracy and completeness of the information contained in any advertisements or any such other documents. In connection therewith, you have the sole and exclusive responsibility to select and consult with any and all professional advisors of your choosing in determining whether to bid at this auction. You acknowledge that you have relied exclusively on your own investigation and determinations and the advice or your own professional advisors, and expressly represent that you have not relied upon any information provided by the Seller or the Auctioneer in any way, whether through advertisements or other documents, through the Auctioneer?s website, or by any oral, written or electronic communications with the Auctioneer or the Seller, or otherwise. No Conditions or Contingencies: Without limiting the generality of the foregoing, you acknowledge and agree (i) that the completion of the sale following the conclusion of the auction is not contingent upon any inspection or verification of any such information, and the Closing Date or Closing Time (as defined below) will not be extended in order to permit any such inspection or review; (ii) that neither the Seller nor the Auctioneer nor any broker participating in the transaction to which this auction relates shall have any liability for any relief, including damages of any kind, rescission or reformation of the Purchase Contract (as defined below) or adjustment to the terms of the Purchase Contract based upon any failure of the property to conform to any description contained in advertisements, or to any standard or any expectation that you may have in connection with the property; and (iii) that the completion of the sale is not subject to any financing or other contingency of any sort. You represent and warrant that by registering to bid and bidding during this auction, you have conducted all necessary investigations, and have determined to place a bid relying solely on your own independent investigation or verification of material facts concerning the sale and the suitability of the property for your intended use if you are the successful bidder. Registration and Verification: In order to bid at this auction, you will be required to register at the West Central Sales and Auction website, www.westcentralsalesandauction.com. All Bidders seeking to register for this auction must be eighteen (18) years of age or older, must be eligible to bid in the Auctioneer?s sole discretion based on the Auctioneer?s past experience with the registering bidder or otherwise, and may be subject to verification through credit card information in the registration process. You may be asked to provide credit card information for this purpose, and we will use a third party service or other process to verify that your credit card is valid and has available credit. Bidder?s unknown to West Central Sales and Auction may be asked to provide bank letter of credit or cash deposit prior to approval. Bid Deposit: A bid deposit in an amount set forth or communicated by the Auctioneer may be required in order to bid. Any such deposit may be required in the form of a credit card authorization or actual funds, which the Auctioneer may hold until the completion of bidding and for a reasonable period of time to allow for the release of any such deposit and/or the return of any such funds after the conclusion of the auction. When your registration to bid on this auction has been approved, you will receive an email notification that you have been approved for bidding. In addition, bidding rights are not absolute, and all registrations, even if successfully verified by credit card as described above, are subject to manual verification at any time, and from time to time, by the Auctioneer. We may suspend or terminate your registration for this auction at any time, and for any and all reasons or for no reason, in our sole discretion. We will notify you by email if your approval to bid at this auction has been terminated or suspended. Bidding Time: This auction is a timed auction event. Bidding is scheduled to begin and close at the times set forth on the West Central Sales and Auction website. All time references on the bidding site for West Central Sales and Auction's online auctions are expressed in Central Standard Time (CST),and you should therefore be mindful of the need to convert to local time when bidding on auctions of properties located in other time zones. It is your responsibility to check the West Central Sales and Auction website carefully so that you are aware of the scheduled closing time. Extended Bidding Time: The Auction is scheduled to begin on the ?Starting Date and Time? and tentatively end on the ?Scheduled Ending Date and Time? that are listed on the West Central Sales and Auction website; however, for a bid received just before the Scheduled Ending Date and Time, an automatic extension feature "soft-close" in the online-bidding platform will extend the Scheduled Ending Date and Time and keep the Auction open for an additional period of time beyond the time that the last bid was received, and this process will repeat every time a subsequent bid is received. Subsequent and additional extensions shall be applied to any and all bids placed during any such extension period until an extension period has expired without additional bids being placed, at which time the bidding time, as extended, shall be closed. The number of minutes of Extended Bidding Time may vary in the sole discretion of the Auctioneer. For example, if the extension period specified by the auctioneer is 5 minutes, and the scheduled ending time is 2 PM but a bid is placed at 1:59 PM, the auction closing time would be extended by 5 minutes and the auction would close at 2:04 PM. Because of the possibility of extended bidding time, Bidders should continue to participate in the auction until receiving notification that the auction has closed and, in the case of a presumed High Bidder, until receiving a notification of the amount of the high bid as of the time of closing of the auction. Bidder Responsibility: Bidders must take care in entering bids, and each Bidder will be responsible for all bids placed under the Bidder?s approved registration. Once entered and recorded online, a bid is deemed to be final on behalf of the registered Bidder and may not be modified, retracted or rescinded in whole or in part. Bid Increments: Once bidding has commenced, any advances on a bid must be made in increments at least as great as those which we, in our sole discretion, have determined. We may, in our sole discretion, change or modify the required bid increments from time to time, or at multiple times, during the auction. Maximum Bid Amount: We also provide opportunities for a bidder to submit a maximum bid amount (often called a ?Max Bid?) and to direct that our website bid on such bidder?s behalf in scheduled increments until the maximum amount identified by the bidder has been reached. In the event that you later enter a max bid with the same maximum bid amount as was previously authorized by another bidder?s max bid, or enter a specific bid in the same amount as was previously authorized by another bidder?s max bid, the other bidder?s max bid as previously entered before your bid will be deemed to be the prevailing bid at that amount, and you will be deemed to be outbid. In the event that there should be any dispute among competitive bidders with regard to the identity or amount of the high bid, the Auctioneer may reopen bidding on the property and may, in conjunction with such reopening of the bidding, designate one of the bidders as the ?High Bidder? in the Auctioneer?s sole discretion. All decisions by the Auctioneer shall be final. Technical Problems: We have made reasonable efforts to provide for online bidding for this auction. You recognize and acknowledge, however, that technical problems with hardware, software, or internet connectivity, as well as human errors, may arise and may affect, without limitation, the West Central Sales and Auction website, our online bidding program and process, your or our internet service and access, and your connection to this auction?s bidding program and process. You further acknowledge that these and other technical problems may develop at any time and with or without notice. You acknowledge and agree that neither we nor the Seller is in any way responsible for any such technical problems, and that you have no absolute or other right to be able to bid on this auction in the event of any such technical problems. Notwithstanding the foregoing, you further acknowledge and agree that, in the event of any such technical problems, we reserve the right to postpone or cancel the auction and/or extend the bidding time for this auction and/or relist the property for auction at another time, in our sole discretion, and that our decision with regard to any such actions is and will be final. Terms Specific to This Auction or Property: As noted above, the Auctioneer may provide Additional Terms and Conditions that are specific to this auction or the property or properties being sold at this auction. Without limiting the generality of the foregoing, such Additional Terms and Conditions may, but shall not necessarily be required to, relate to the following provisions, among others: extended bidding time; and bid increments. Down Payment: If you are the successful bidder, you will be required to tender a nonrefundable paynment of 10% of the total sales price (high bid + 5% Buyer's Premium). in the form of a cashier?s check or wire transfer, within 24 hours or such other time as may be specified by the Auctioneer following the close of the auction, to be held by the Closing Attorney, all as set forth on the West Central Sales and Auction website or in the Additional Terms and Conditions. Purchase Agreement Contract: If you are the successful bidder, you will be required to sign a purchase and sale agreement or similar agreement or document, however captioned or titled (the ?Purchase Agreement Contract?) and other necessary documents in the form designated by, and within the time periods established by, the Auctioneer, generally 24 hours. The terms of the Purchase Agreement Contract are expressly not negotiable and the Purchase Agreement Contract must be signed in the name of the high bidder and, except as may specifically be permitted by the terms of the Purchase Agreement Contract or expressly agreed upon in writing by the Seller or Auctioneer in their sole discretion, may not be assigned to any other person or party. The Purchase Agreement Contract and such other documents will set forth the specific terms and conditions of the sale, including the time by which the high bidder?s purchase of the property must be completed. Copies of some or all of these documents may be obtained from the Auctioneer, and it is your responsibility to obtain, read, and understand the provisions of any such documents before bidding at this auction. The Seller?s obligations to the successful bidder are exclusively as set forth in the Purchase Agreement Contract. Buyer?s Premium: A buyer?s premium (?Buyer?s Premium?) in a percentage specified by the Auctioneer as noted on West Central Sales and Auction website for each specific property auction or in the Additional Terms and Conditions may be added to the successful bidder?s highest bid price. Any such Buyer?s Premium shall become part of the total purchase price in the Purchase Contract, and must be paid by the successful bidder. Closing: All sales must close within a period of time (the ?Closing Time?) or on a date certain (the ?Closing Date?) set forth in the Purchase Agreement Contract, unless extended by the Seller in writing. Unless otherwise provided in the Purchase Contract or other documents pertaining to this particular auction, any extensions shall be requested in writing not later than five (5) days before expiration of the Closing Time or the scheduled Closing Date, as the case may be, and any such requests may or may not be considered by the Seller and granted by the Seller in the Seller?s sole discretion. In preparation for the closing, t...


Announcement:Information contained herein is presented on behalf of the seller. West Central Sales and Auction Co, agent for the seller, cannot guarantee the information to be correct or assume the liabilities for errors and omissions.  All lines drawn on maps are approximate. Buyers should verify the information to their own satisfaction.  Any announcements made from the auction block on day of auction will take precedence over any matter of print and will be final.

Lot#: 1

Information Only- Location

The intersection of Iowa Highway 25 and Airport Road approximately 1/2 mile of Greenfield, Iowa. Locally known as the Shannon Farm. Adair County Ia Lee Township Section 6


Lot#: 2

Information Only- Buyer's Premium

5% Buyer's Premium will be added to the final high bid price accepted.


Lot#: 3

Information Only- Purchase Agreement Contract

The purchase agreement contract must be completed at the close of the auction. Cash sale only with no contingencies. Sold "AS-IS" Immediate possession at closing. All 2021 Tenant's rights have been terminated. 10% Down Payment immediately following the auction close.


Lot#: 4

Information Only-Closing Attorney

Real Estate closing will be preformed by: Borseth Law Office Eric Borseth, Attorney Altoona, Iowa 515-967-9403 [email protected] Virtual Purchase Agreement Contract signing is available via zoom meeting and by electronic signature.


Lot#: 5

Information Only- MORE QUESTIONS OR INFORMATION.

For more question or information please contact: Steve Maynes 515-229-5312 Heather Nielsen 515-971-1085


Lot#: 6

BID HERE!!!! 60 +/- Acres Land

60+/- Acres Land, Agricultural, Industrial, Commercial, Residential Approximately 45 acres of current row crop acres, extensive field drainage tile work has been completed. All waterways are seeded and very well established. All city utilities are very near the property and available to be connected. City of Greenfield is open to discussion for all possible rezoning proposals. Bidding is times the acre and is subject adjustment at closing based on surveyed acres CSR 2 Rating Vary 51-58 Pts


Lot#: 7

THANK YOU


Lot#: 8

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