Auction Begins: April 27th @ 12 PM

Auction Begins to Close: TBD

Address : 7117 Bottoms Road - New Athens IL 62264

46.17 acres (according to county tax record) with 31 tillable acres.

• 31 acres tillable - subject to current farm lease 
• Old Homesite
• New Athens School District

LISTED by Property Peddler Inc. 

Brenda Chandler - Designated Managing Broker - 618-201-3947 

Brad Chandler - Auctioneer/Broker - 618-791-3289

 

Auction Terms and  Conditions:  

Bidding information: Seller reserves the right to accept or reject the high bid. Bidding will begin a soft close 2 minutes before the lot is due to end and until bidding ceases.  A soft close is a bidding feature that allows a Bidder extra time to submit a bid if they are outbid during the final two minutes of bidding.  During a soft close, the remaining bid time will be reset to 2 MINUTES after each new bid during the final 2 minutes of bidding on that particular item.  The time period eventually runs out when bidding has ceased for a full 2 minutes.  The purpose of a soft close is to allow everyone a fair chance to submit a higher bid.  We encourage people to refresh bidding screens often to make sure timers are updated.

Registration: Proper and complete registration is required to bid. All bidders must provide name, address, phone number and email address to register. A registered online bidder will then be qualified by the auctioneer to continue; bidder will be asked for a copy of state-issued ID and must be at least 18 years of age. By registering, all bidders acknowledge having read and agree to be bound by the Auction Terms and Conditions.  Auctioneer reserves the right to refuse to register or admit Buyer at his/her sole discretion. Buyer should register as early as possible to obtain information about the property and increase the likelihood of being notified of any pertinent changes that take place before the auction.

Contract: Winning bidders will sign in person or electronically the auction sales contract immediately after the sale.

Earnest Money:  Within 48 hours of close of bidding, the approved high bidder will deposit a non-refundable payment of 10% down  - deposited with Town & Country Title Company.   Any stop payment order of a check, or giving a check which is returned marked “insufficient funds,” shall be deemed by the parties to be evidence of fraud existing at the time the transaction was consummated and shall be construed by the parties as intent to defraud.

Closing: On or before June 10th, 2022

Closing Cost: Buyer shall pay the purchase price, plus any closing costs and any applicable taxes. The closing costs may include but are not limited to the following: escrow/closing fees, recording fees, normal pro-rations, and/or document fees such as later date charges or wiring fees brought on by the title company.

Title Company: Town & Country Title Co. - 221 West Pointe Drive - Suite 1 - Swansea, Illinois 62226 - Phone 618-233-5300

Taxes: Taxes to be prorated to the day of closing.  

Mineral Rights: Any mineral rights owned will sell with the property.  No mineral search performed.

Possession: Possession at closing.   Subject to current farming rights for the 2022 crop year.  The wheat income will go to the seller, all other income will go to the buyer. 

Financing: Your bidding is not conditional on financing, make arrangements before bidding. Not contingent on appraisal

Survey: NONE

DISCLAIMER AND ABSENCE OF WARRANTIES: Subject to prior sale.  Subject to all easements, covenants, and restrictions on record.  All information contained herein, and all related materials are subject to the terms and conditions outlined in the agreement to purchase. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller(s) or the auction company.  Each potential bidder is responsible for conducting his or her independent inspections, investigations, inquiries and due diligence concerning the property.   The figures, estimates, and drawings of acreages and boundary lines in the printed material or on the website are approximate and are not guaranteed. The information provided here is believed to be accurate but is subject to verification by all parties relying on it. The Seller(s) or the auction company or their agents assume no liability for its accuracy, errors or omissions.

It is the responsibility of each bidder to make sure that the Auctioneer is aware of his or her intent to place a bid.   Auctioneer disclaims any liability for damages, whether direct, indirect, consequential, or incidental, resulting from bids not spotted, executed, or accepted.   Bidders should also be careful to bid on the correct item and ensure that his/her bid is for the amount intended.   Auctioneer is not responsible for errors in bidding, and Buyer hereby releases the Auctioneer and waives any claims for bidding errors. The sale is complete when the Auctioneer so announces in a customary manner.   The auctioneer is not responsible for errors in the internet connection or the functioning of the computer system at that time.  

Conduct at the auction and increments of bidding are at the direction and discretion of the Auctioneer.   The seller and auction company reserve the right to disqualify or refuse any bid from the person if there is any question as to the person’s credentials, fitness, etc.   All decisions of the Auctioneer are final, and all announcements made the day of the sale by the Auctioneer will take precedence over printed or spoken information made prior.   Auctioneer has the right to cancel the sale.  The Auction Company reserves the right to bid. Auctioneer has the right to cancel the auction   Property Peddler Inc., staff and agents work for and are agents of the Seller Only in an auction situation.

Auctioneer  Brad Chandler  IL Lic # 441.002105 Broker License # 475.16227

 

7117 Bottoms Rd
New Athens, Illinois 62264
United States
Contact: Brad Chandler
Phone: (618) 791-3289