Wednesday, May 15, 2024
United Country | Heritage Brokers & Auctioneers
Online Auction Bidders AgreementTHIS IS A LEGALLY BINDING DOCUMENT. IF YOU DO NOT UNDERSTAND THE TERMS AND CONDITIONS AS SET FORTH HEREIN, PLEASE CONSULT AN ATTORNEY PRIOR TO SIGNING.I ________________________________ (Buyer) agree to immediately enter into the Real Estate Auction Purchase Contract approved by Seller, if I am declared the high bidder (winning bidder) by the auctioneer during the following auction: - 344 NE 50th Rd., Lamar, MO 64759Legally described as: THE SOUTHWEST QUARTER (SW/4) OF SECTION 28, TOWNSHIP 33, RANGE 30, BARTON COUNTY, MISSOURI. Full Legal Descriptions to be provided by Title Company - Online Bidding Opens on Monday, April 15th, 2024 at 6:00 pm (CT) - Online Bidding Closes on Wednesday, May 15th, 2024 at 6:00 pm (CT)By signing below, I agree that I have read and fully understand the Online Auction Bidders Agreement and the Terms and Conditions of this auction. I fully understand and agree that an Online Auction Bidders Agreement MUST be signed and returned to United Country| Heritage Brokers & Auctioneers, prior to being allowed to bid in the Online Auction. As a bidder, it is solely my responsibility to contact the auction company at (877) 318-0438 with any questions regarding the auction, purchase agreement, or terms & conditions, prior to placing any bids in said auction. Online Auction Terms & Conditions1) Seller Confirmation Auction: The property is being offered in an Online Only Auction, with all bids being subject to the Seller?s approval.2) Bidding Registration: Online bidder hereby agrees that they must be properly registered for the online auction by completing and signing the (Online Auction Bidders Agreement), which will be sent by email via DocuSign. Upon completing this registration form and receiving approval, bidding privileges will be turned on. If you need assistance with registration, you may contact Lucinda Terrel at (816) 420-6257 or by email at [email protected]. Seller(s) may at their sole discretion request additional registration requirements from any bidder unknown to them or the auction company.3) Bidding Opens/Closes: The Online Only Auction (i.e. Internet Auction) bidding shall be opened and begin closing on the dates and times stated above, subject to the soft close feature as outlined below. 4) Property Preview Dates: It is highly recommended that all bidders personally inspect the property prior to placing any bids in the auction. Property inspections are the sole responsibility of the bidders and can be conducted at any time, as the property is vacant. The property may also be inspected by scheduling an appointment with the Auction company at (877) 318-0438. NOTICE (Home): The home's interior is in very poor condition and deemed not habitable. It will require significant clean-up and repair based on our inspection. Buyers are advised to establish any value they give the home, prior to bidding. 5) Buyer?s Premium: A Ten Percent (10%) Buyer?s Premium shall be added to the final bid price place online, which will determine the Total Contract Sales Price. Bidders hereby understand that the Buyer?s Premium shall be added to the winning bid to create the Total Contract Sales Price for which they are obligated to pay for the property. Example: (winning online bid $100,000 + 10% buyer?s premium = total purchase price of $110,000). 6) Cash Offer/No Financing Contingency: By participating in this auction, bidders hereby agree that their bid shall NOT be subject to the bidder?s ability to obtain financing. By placing a bid in this auction, bidders are making a ?cash offer? to purchase the property. Financing is NOT a contingency in the purchase agreement. Purchase and sale are conducted in U.S Funds only.7) Purchase Contract: Winning bidder hereby agrees to enter into the Real Estate Auction Purchase Contract which has been approved by the Seller, immediately upon being declared the Successful Bidder by the Auctioneer. Upon the close of the auction the winning bidder will be forwarded via email an Auction Real Estate Sales Contract to purchase the property. A signed copy of the Auction Real Estate Sales Contract must be received by United Country | Heritage Brokers & Auctioneers no later than 24 hours from the time said Purchase Contract was sent to the winning bidder. The Auction Real Estate Sales Contract may be e-signed, hand delivered, faxed, or scanned and emailed. A sample purchase contract is available for review online prior to placing any bids in the auction. 8) Down Payment: A Ten Percent (10%) non-refundable down payment based on the total contract purchase price (which includes the buyer?s premium) will be wire transferred or hand delivered in the form of certified funds to the Title Company no later than 48 hours following the close of auction. See closing agents contact information below. The balance of the purchase price will be due in full at closing. 9) Closing: Closing shall be on or by Friday, June 14th, 2024. Closing shall take place at Barton County Title Company, 206 West 10th St., Lamar, MO, 64759. Closer is Chanel Besendorfer, email is [email protected], phone number is (417) 682-3100. Out of state buyers will be afforded the opportunity to close via email, mail and wire transfer of certified funds.10) Easements: The sale of the property is subject to any and all easements of record.11) Minerals: The seller?s share of minerals (if any) will transfer with the surface at closing. 12) Survey: No survey is required to transfer title to the property and the Seller shall not provide any additional survey. If the Buyer desires a survey, it shall be at the Buyer?s sole expense and shall not be a contingency or requirement in the purchase contract. 13) Possession: Possession of the property will be given upon payment in full of the purchase price and transfer of title at closing, subject to the existing farm lease agreement. The current tenant/farmer shall be entitled to harvest a fall 2024 corn crop, and possession of the farmland will be given to the Buyer immediately upon completion of said fall corn harvest. 2024 Income: the Seller?s one-third (1/3) share of the 2024 corn crop shall be delivered to the Buyer after completion of the harvest. Buyer shall be responsible for one-third (1/3) share of the expenses for the 2024 fall corn crop. Note: a recent (1/3) expense that Seller paid for the soybean crop was ($4,582.00). 14) Title Insurance: Title Insurance in the full amount of the purchase price will be provided by the seller. Seller shall execute a general warranty deed conveying the property to the buyer(s).15) Taxes: Seller shall pay any previous years taxes (if due), and the current year?s real estate taxes shall be prorated to the date of closing.16) Online Auction Technology (Disclaimer): Under no circumstances shall Bidder have any kind of claim against United Country ? Heritage Brokers & Auctioneers, Broker of record, or anyone else, if the Internet service fails to work correctly before or during the auction. Online bidding is subject to technology faults and issues which are outside the control of the auction company. Bidder(s) are encouraged to use the ?Maximum Bid? feature on the bidding platform and lock in their maximum bid amount, if they are concerned about technology failure during the auction. The SELLER and/or Auction Company reserves the right to (pause) the online auction bidding in the event of any internal or external technology failure, to preserve the integrity of the auction event and maintain a fair and impartial bidding environment.17) Soft Close: If a bid is received within the last 3 minutes of the auction, the auction close time will automatically extend 3 minutes to allow other bidders an opportunity to competitively bid prior to the auction closing. This feature eliminates "snipers" and encourages fair and impartial bidding from all participants.18) Disclaimer: All information provided is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. Information is subject to change without notice. There are no warranties either expressed or implied pertaining to this property. Real estate is being sold "As-Is, Where-Is" with NO warranties expressed or implied. Please make all inspections and have financing arranged prior to the end of bidding. The Auctioneer reserves the right to bid on behalf of the Seller up to, but not beyond the Seller?s reserve price (if applicable). The property is available for and subject to sale prior to auction. By participating in this auction, Buyers hereby acknowledge that any bid(s) placed by them is a binding agreement to purchase the property, subject to the bid being approved by Seller (if applicable).19) Pre-Auction Sales: Seller has instructed the Auctioneer that they do not desire to receive any pre-auction offers. It is their intent to utilize the online auction bidding platform for all bidding (offers) received in this auction event. The property will not be offered for prior sale and will be taken to auction via the online auction bidding platform, as outlined above.
ONLINE ONLY BIDDING, Lamar, MO US
MISSOURI CROPLAND AUCTION * ONLINE BIDDING ONLY160+/- ACRE ROW CROP FARM * LEVEL & FERTILE SOIL * GRAIN STORAGEFAMILY OWNED SINCE 1860?s * ROAD FRONTAGE * BARTON COUNTY, MISSOURI ONLINE BIDDING OPENS: Monday April 15th at 6:00 PM (CST)ONLINE BIDDING CLOSES: Wednesday, May 15th at 6:00 PM (CST)REGISTER & BID ONLINE: Go to www.BidHeritage.com and register online. All bidding is conducted online only and registration can take up to 24 hours, so please register before the last day.PROPERTY LOCATION: Take NE 15th lane north out of Lamar to East state Highway Ee and turn Right (east) until the road turns back north and becomes NE 30th Lane. Travel North on 30th lane until you reach NE 50th Rd and turn right. The farm is now on the north side of the road. (Watch for auction signs.)LEGAL DESCRIPTION: THE SOUTHWEST QUARTER (SW/4) OF SECTION 28, TOWNSHIP 33, RANGE 30, BARTON COUNTY, MISSOURI (Full legal description shall be provided by Title Company).INTERACTIVE MAP LINK: https://id.land/ranching/maps/0ab9bffac2c0a74f63c8fca6c425bc8e/share PROPERTY PREVIEW DATES: The auction company will be onsite at the farm on the following date to answer any questions. The property can be previewed by scheduling an appointment, contact the auction company at (877) 318-0438. Property previews are encouraged prior to placing a bid in the auction. There are crops in the ground currently. PREVIEW DATE: Sunday, April 28th from 12-2pmGENERAL DESCRIPTION: This high quality farm is located in a desirable and productive crop farming area of Barton county Missouri, just North of Lamar Missouri. The Bateman Family farm was first settled 163 years ago and has been owned by the same family since. There is a very cool photo from 1889 of Theodore & Laura Bateman standing in front of a two-story home on this farm. Years later, Chester & Ruth Bateman were awarded membership into the Missouri Century Farm Club with over 100 years of Bateman ownership. Check out the history of the Bateman Family ownership on our website documents.CROPLAND: The farm consists of fertile and very level row crop land. This farm is well known for production yields which make this a great option to expand existing farming operations or for an investor wanting to add more acres to their portfolio. The farm will be planted to corn at the time of auction and Buyer will receive the Seller?s one-third (1/3) share of the 2024 fall corn crop. Buyer will take possession of the cropland immediately upon completion of the fall corn harvest. There are multiple neighboring irrigation pivots in the immediate area of this farm and appears to be an abundance of water (verify). In addition to the cropland, there is a 40 x 25 shop building and (2) grain bins (4,500 & 1,500) bushel storage. Don?t miss this opportunity to purchase highly productive Barton County Missouri farmland Disclaimer: There is an older farmhouse on the property that is (non-occupiable) and in very poor condition inside. FSA INFORMATION: According to the Barton County, Missouri Farm Services Agency, there are 150.84 cropland acres with the following base acres and yields. - (Wheat) 55.32 base acres and 53 bushel yield- (Soybeans) 55.32 base acres and 40 bushel yield- (Corn) 89.36 base acres and 164 bushel yield. SOIL TYPES: The principal soil types are as follows:- Parsons Silt Loam, 0-1% slopes, class 3w,, 144.62 acres- Barden Silt Loam, 1-5% slopes, class 2e, 12.96 acresPOSSESSION: Possession of the property will be given upon payment in full of the purchase price and transfer of title at closing, subject to the existing agricultural lease, as follows: Possession of the farm will be given upon completion of 2024 fall harvest of the corn crop. Buyer will receive the Seller?s one-third share of the corn harvest, and will take possession of the cropland immediately upon completion of the fall harvest. TAXES: The general taxes for 2023 were $1105.MINERALS: Mineral rights are not being reserved and the seller?s interest shall transfer with the surface, to the Buyer at closing. PERSONAL PROPERTY: There is no personal property being sold or transferred with this auction sale.AUCTIONEERS NOTE: This farm has been in the Bateman family since the 1860?s and is now being made available to you. The farm will offer the new owners an excellent row crop investment opportunity, or to expand a current farming operation. Farms of this caliber rarely come available to the open marketplace. Don?t miss this opportunity to purchase a very nice Barton County farm. SELLER: The Bateman Family Trust
Lot #: 1
160 +/- Acres Cropland * Lamar * Barton Co MO
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