Land Use: Agricultural

Sale Method: Auction

Terms:

Bidding Starts: Friday, October 4, 2019 at 08:00:00 am CT
Live Bidding Starts: Saturday, December 7, 2019 at 10:00 am CT
See individual items for exact closing times.
Auction Location: 1412 9th Ave SW, Watertown, SD 57201

Condition: All tracts are sold ‘As-Is’ and all tracts are subject to any rights, CRP contracts, easements, restrictions and reservations of record and any other exceptions in the title work.
Inspection: Any bidder may inspect the property and its title. Please Contact Jordan Holland at 605-809-5552 to schedule an inspection appointment.
Purchase Agreement: Winning bidder must sign a purchase agreement in the form provided by AgVisors and deliver it along with the Earnest Money to AgVisors upon conclusion of the auction. Online bidders must sign a purchase agreement in the form provided by AgVisors and deliver it along with the Earnest Money to AgVisors within 24 hours of being declared the winning bidder.
Taxes: Tract 1- $3016.96 +/- Tract 2- $2269.82 +/-
Earnest Money: Winning bidder must deliver 10% of the purchase price as nonrefundable Earnest Money. The payment may be in the form of wire transfer, cashier’s check, personal check, or company check. All funds will be deposited in AgVisors’ or closing agent's trust account until the Closing.
Closing: Closing will be a split closing with the first closing to be performed on or before December 31st, 2019 and the second closing to be performed on or before January 15th, 2020 with the exact date, location, and closing agent determined by Seller. If split closing interferes with any 1031 buyer qualifications, sellers will consider one closing on or before Jan 15th, 2020.
Contingencies: Seller will not accept contingencies of any kind. All bids are deemed cash bids and bidders must have financing approved before bidding.
Possession: Seller will deliver possession of the tracts at Closing.
Purchase Price Adjustments: Seller and buyer will equally split the closing fees and fees for an Owner's Title Insurance Policy. Buyer will pay the premium for any Mortgagee Title insurance policy and for any endorsements. Seller will pay the transfer fee and the deed preparation fee. Buyer will pay to record the deed.
Registration: Prospective bidders must register at bid.agvisorsllc.com to bid online on any tract or contact AgVisors to make other bidding arrangements. Live auction bidders will register in person the day of the sale prior to the start of the auction.
Agency: AgVisors, LLC represents the seller only.
Seller: JDDS Partnership
Real Estate Taxes: Seller will pay taxes assessed in 2018 and 2019 payable in 2020. Buyer will pay taxes assessed thereafter.
Auctioneer: Jordan Holland
Bidder Obligation: By registering to bid or placing a bid, you agree to be bound by all of these terms & conditions and any other announced terms and conditions of sale or rules of the site. Online bidders are bound by their online bids to the same extent as if the bid had been made in person at an auction. By bidding you agree to purchase the property for the gross dollars determined by final sale price. A Bidder is legally bound to purchase the Tract when AgVisors informs the Bidder that they have won the auction. By bidding you agree to be bound by and to abide by government contract or conservation program requirements and any failure to do so will obligate the Bidder to pay any fee, assessment, and penalty imposed as a result of the violation.
Bid Terms: Bidding increments are solely at the discretion of the Auctioneer. Agvisor may accept absentee bids from bidders that cannot directly participate in the auction or bid on behalf of the seller to meet a reserve. All absentee or telephone bidders will be disclosed at the auction. Video and audio recording devices will be used during the auction which may be broadcast via internet or used other places. All decisions of the Auctioneer are final. AgVisors, LLC reserves the right to utilize or change the auction method at the Seller’s discretion, at any time.
Bid Formula: Bidders must bid on the Tracts using the following formula:

Tract 1- YOUR PER ACRE BID x 159.5 =BID AMOUNT
Tract 2- YOUR PER ACRE BID X 120 X =BID AMOUNT
COMBINATION- YOUR PER ACRE BID X 279.5 =BID AMOUNT

Investigation & Inspection: It is the bidder's obligation to independently investigate the Tracts and bidders must rely on their own conclusions.
Information Accuracy: All sketches, dimensions, and acreage figures are approximate. AgVisors makes no guarantee of actual dimensions or acres or its accuracy. AgVisors makes no representations or warranties regarding the accuracy of any information provided on this website or in print. AgVisors reserves the right to change this bidder information at any time. You must check this website frequently and on the final day of the sale to ensure your bid takes into account the most recent bidder information.
Bid Determination: AgVisors and the sellers reserve the right to reject any bid.
Questions: ASK QUESTIONS BEFORE YOU BID. THERE ARE NO REFUNDS AND NO RETURNS.

Buyer's Premium: There is a 0% Buyer's Premium in effect for this auction.