60 Acre Fayette County IL Land Auction
Listing ID#: 906941
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U.S. Hwy 51 Ramsey, IL 62080 |
| Sale Dates and Times |
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Bidding Starts: Monday Oct 26, 9:00 AM Bidding Ends: Wednesday Nov 25, 10:00 AM |
| Sale Type |
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 Online Auction
VIEW ONLINE CATALOG |
| Company Information |
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Schmid Auction & Realty Co. Contact: Trent Schmid Phone: 217-857-1507 Email: sold@schmidauction.com Website: www.schmidauction.com/ EstateSale.com ID#: 8468 View company information and listings |
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www.bidschmid.com to bid or click on green box view online auction catalog. 60 + or – Acre Online Only IL Land Auction Rural Fayette County IL Located on U.S. Hwy 51 Ramsey, IL 62080 Nov. 25th Wed at 10am Timed Online Auction (Begins to close) 60 + or – acres, 57.1 + or – tillable acres, Soil Productivity Index 100, Located in 3 & 4 Sharon Township, Fayette County, IL Seller: Mary Schmidt ZERO BUYER PREMIUM Rights: All of the Seller’s mineral, oil, and gas rights, if any, will transfer without warranty of title or title evidence. The auction is subject to the seller’s confirmation. Bidding Method: Bidding is by the acre. The final purchase price will be the high bid multiplied by 60 acres, and the purchase agreement will state the total tract price rather than the per-acre price. The purchase price will not be adjusted based on any future survey. Bidding Increments: $25.00 per acre. Extended Bidding: On Wed. November 25th at 10am Any bid placed in the final 3 minutes will extend bidding on by 3 minutes. Simply, if there is a bid with less that 3 minutes left it ads 3 minutes. Down Payment & Closing: 10% of the total purchase price is due on auction day. The remaining balance is due at closing, approximately 40 days following the auction. Down payment is held in escrow the title company. Purchase Agreement: Successful bidders must sign purchase agreements on Wednesday Nov 25th or Friday Nov 27th (in person or via DocuSign). Crops & Possession: The crop has been harvested and new owner will have farming rights at closing. Each auction bid is a binding contract. Fraudulent bidding may be prosecuted to the fullest extent of the law. By accepting the auction terms, bidders agree to comply with all applicable laws and take their obligations seriously. Condition: Real estate sells “As Is.” Buyers are encouraged to conduct independent inspections and due diligence. Maps, brochures, and field markers are approximate and for guidance only. Announcements: Auction day announcements take precedence over printed materials. Liability: Schmid Auction is not responsible for accidents.
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