ANNOUNCEMENTS AND STATEMENTS MADE BY BAS LAND & AUCTION GROUP, LLC AT AND/OR DURING THE AUCTION WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR OTHER ORAL STATEMENTS. PROSPECTIVE BUYERS ARE ADVISED TO CONSULT WITH AN ATTORNEY OF THEIR CHOICE, WITH RESPECT TO THE PURCHASE OF ANY REAL PROPERTY. INCLUDING, BUT NOT LIMITED TO, SEEKING LEGAL ADVICE FROM THEIR OWN ATTORNEY REGARDING DISCLOSURES AND DISCLAIMERS SET FORTH BELOW.
AUCTION DATE & TIME: November 19th, 8:00am – November 21st, 2024, 3:00pm (CST)
AUCTION LOCATION: Online
AUCTION FORMAT: This auction is a Live/Online Seller Confirmation Auction. The property will be offered for sale to the highest bidder(s) and will be sold subject to seller confirmation. Our goal is to realize the highest return to the seller and to satisfy all interested parties by allowing bidders who are interested, to have the same opportunity. Bidding is allowed to all registered bidders. Bidders will be required to pre-register online and provide the required information in order to receive bidder authorization. All bidding is open to the public.
AUCTION PROCEDURES: The conduct of the auction and increments of bidding are at the direction and discretion of BAS. Announcements made by BAS representatives, or auctioneer, supersede all previously printed material. The auction is open to registered bidders. In the event of a dispute between bidders, the Auctioneer shall make the final decision to accept the final bid, to re-offer, and resell the property, or to remove the property from the auction. If any disputes should arise following the auction, the Auctioneer’s records shall be conclusive. Property(ies) are sold AS IS, WHERE IS, with NO Contingencies allowed.
AUCTION REGISTRATION: All parties seeking to bid on the properties offered at auction must register online at (BASLandandAuction.com) to the auction. Bidders are encouraged and may register and bid prior to the auction. Same-day registration will be allowed, and bidders should allow enough time to register. All bidders will be required to complete a statement (“Bidders Registration”) prior to the commencement of bidding that the bidder has inspected the property and sale documents and is financially capable of closing the transaction. All bidding is open to the public and the property is offered for sale to qualified purchasers without regard to sex, race, color, religion, national origin, or handicap.
REQUIREMENTS OF THE HIGH BIDDER(S): Immediately following the conclusion of the auction, the highest bidder(s) shall enter into and sign a North Dakota Specific Performance Purchase Agreement for the amount of the winning bid, plus a 7% Buyer’s Premium. Required earnest money deposit to be in the form of wired funds, a personal, business, or corporate check for 10% of total sale price (winning bid plus Buyer’s Premium) nonrefundable earnest money (or per contract), which is due upon the signing of the contract and to be
deposited with title company (to be determined). The purchase contract shall not be contingent upon inspection, appraisal, or financing and shall be a Specific Performance contract. The property will be sold without buyers’ contingencies of any kind, so make sure your financial arrangements are secure prior to bidding. The terms and conditions of the detailed brochure and oral announcements shall be incorporated into and made part of this contract.
CLOSING: Purchaser(s) shall pay in cash, electronic transfer funds, or cashier’s check (Good Funds), the balance of purchase price (purchase price less earnest money deposit), plus their respective closing costs, and sign and complete all customary or required documents at closing, which is on or before December 21, 2024. Closing is to be conducted by title company (to be determined) and the closing agent fees are to be split equally between Sellers and Purchaser(s). All 2023 real estate taxes will be prorated between the sellers and the buyers based on the closing date. If required, Sellers will pay for updating the abstract(s), title commitment, or survey(s) and will provide them to the buyers at closing. The buyer will be responsible for any title opinion or title insurance costs, applicable recording fees and the buyer’s closing fees.
POSSESSION: Possession of property upon completion of closing.
PROPERTY CONDITION: The prospective Purchaser(s) should verify all information contained herein. All prospective bidders are urged to fully inspect the property, and its condition, and to rely on their own conclusions the property is being sold AS IS, WHERE IS, without warranty, representation, or recourse to Sellers or Seller’s Agents.
TITLE: Sellers to pass title by General Warranty Deed. The Purchaser(s) is to receive a TBD title commitment within the Property Information Packet, updated title commitment with the Purchaser(s) name, lender, purchase price, and all supplements and additions thereto after Auction. Property to be sold subject to existing roads and highways; established easements and rights-of-ways; other matters affected by title documents shown within the title commitment; and zoning, building, subdivision, and other restrictions and regulations of record. Title commitments will be available prior to closing.
REAL ESTATE TAXES: Taxes shall be prorated to the Day of Closing with Sellers paying all taxes prior to closing.
LEGAL DESCRIPTION: A full legal description will be available and will be provided as part of the purchase agreement at the close of the auction.
ACREAGES: All stated acreages are approximate and are obtained from either the county tax records, current legal descriptions, and/or aerial photos, and FSA information. No warranty is expressed or implied as to the exact acreages of the property. All bids are for the total parcel without regard to exact acreage. There will be no adjustment in the purchase price of the acreage that is different from what is stated in this brochure and/or stated at the auction. The detailed brochure includes the estimated taxed acres. All price per acre calculations in the initial brochure, detailed brochure, and visual presentation at the auction are based on the Cass County, North Dakota Assessor records.
ANNOUNCEMENTS: BAS and all other agents of the Broker are or will be acting as a Seller’s Broker unless noted otherwise. This is a Seller confirmation auction. The information contained herein has either been given to us by the owners of the properties or obtained from sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it. BAS and the Sellers assume no responsibility for the omissions, corrections, or withdrawals. The prospective Purchaser(s) should verify all information contained herein. All prospective bidders are urged to fully inspect the property and its condition and to rely on their own conclusions. All property is to be sold AS IS, WHERE IS, without warranty, representation, or recourse to Sellers. Upon completion of the auction, a 7% buyer’s premium will be added to the final bid price to determine the total contract sale price. The purchase contract shall NOT be contingent upon any inspections, appraisal, or financing and shall be a Specific Performance contract. This will be a Soft Close auction, any bid placed within the final 5 minutes of the auction will extend the auction an additional 5 minutes. Bid extensions will continue and the auction will only stop once there have been no bids for 5 minutes. Announcements made by BAS at the time of sale will take precedence over any previously printed material or other oral statements. BAS reserves the right to request bank references upon request and reserves the right to refuse bids from any bidder. Bidding increments are at the discretion of the Broker and/or Auctioneer.