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Leo H. Peterson Trust Farm Auction
Lot Closed
Auction by Capital Ag Property Services Inc
This item is in Nelson, IL
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Wadena County, Minnesota Lot: Just a Stone's Throw from the Redeye River!$3,900.00Overview of Leo H. Peterson Trust Farm Auction
Item Details
Payment
Immediately following the close of the auction, the successful bidder will be required to enter into a purchase agreement to be emailed to address on file. The purchase contract will be signed and returned to the Seller’s attorney either by e-mail, fax or hand delivered to attorney’s office by 4:00 p.m. the day of the auction.
A personal or cashier’s check for 10% of the purchase price must be delivered to the Seller’s attorney by 4:00 p.m. on May 24, 2024. If you prefer to wire the deposit to the Seller’s attorney or title company, you must contact the attorney's office for wire transfer instructions which can only be faxed to you or sent via encrypted e-mail. Wire instructions cannot be sent to you by regular e-mail for security reasons. The wire must be received by the same time the next business day. The balance of the purchase price is due at closing, which will occur on or before June 24, 2024.
CheckWire Transfer
Auction Details
Leo H. Peterson Trust Farm AuctionLive On-Line Only, Nelson, IL, 61055Thursday, May 23, 2024 | 10:00 AM CDT
Auction House
Terms Of Sale
Any mineral rights owned by Seller will be conveyed to Buyer at closing. There is a farm lease in place for 2024 and will be assigned to Buyer(s) at closing. All acres noted are +/-, and boundary lines are approximate. The farm will be sold in surveyed acres in 1 tract and in as-is, where-is condition. Owner/Seller will provide a survey. See brochure for full details on terms of sale.
Immediately following the close of the auction, the successful bidder will be required to enter into a purchase agreement to be emailed to address on file. The purchase contract will be signed and returned to the Seller’s attorney either by e-mail, fax or hand delivered to attorney’s office by 4:00 p.m. the day of the auction.
The successful bidder will be required to pay a non-refundable deposit as outlined in the Payment Instructions. Balance due upon closing. Closing to occur on or before June 24, 2024, subject to rights of the current tenant.
The information contained herein is from sources Capital Agricultural Property Services, Inc. (CAPS) considers reliable, such as, but not necessarily including or limited to, Seller, CFSA, and NRCS records and data, and information from other government agencies and offices. However, CAPS has not independently verified and does not guarantee the accuracy, completeness or sufficiency of this information. The prospective Buyer is, therefore, advised to independently confirm information provided herein, and any reliance upon this data is made at Buyer’s own risk. Similarly, the past history of this property is no guaranty of future performance, which is subject to unpredictable variables such as weather management and operational skills, market factors and general economic conditions. Accordingly, CAPS does not assume, and hereby expressly disclaims, any responsibility for the future operating and investment results of the property.
CAPS’ participation in this transaction is solely in the capacity of a real estate broker, and it does not hold itself out as having expertise or specialized knowledge in the fields of environmental science, engineering, chemistry, hydrology, meteorology, geology, seismology, health or financial investments. No statement made by CAPS relating to this property may be relied upon by the buyer as reflecting particular expertise in these or any other areas of specialized knowledge. In the course of conducting a due diligence inspection of the property, the prospective Buyer is strongly advised to consult with such brokers, attorneys, financial advisors or other professional or expert consultants as may be necessary to fully protect the Buyer’s rights and interests. This offering is subject to prior sale, matters of title, or requirements the seller may impose, and it may be withdrawn from the market without advance notice.
Capital Agricultural Property Services, Inc. and Timothy A. Harris, IL Licensed Auctioneer, represent and are agents of the Owner/Seller in this transaction.
Capital Agricultural Property Services, Inc. and Timothy A. Harris reserves the right to deny registration.