All bidders must register their name, address, and telephone number in order to receive a bidding number.

Auction staff will be at the sale site approximately one hour prior to sale time.  The successful bidder will be required to sign an Earnest Money Receipt and Purchase Agreement at the close of the real estate auction.  A total deposit of 10% of the purchase price will be required.  Those funds will be placed in the Steffes Group Auction Trust Account as good faith money until closing.

Bidders who wish to bid online must register their name, address, and telephone number at least 48 hours prior to the auction in order to be approved to bid online.

Purchasers who are unable to close because of insufficient funds will be in default and the deposit money will be forfeited.

Balance of the purchase price must be paid in full with cashier’s check at closing on or before Friday, February 11th, 2022.

Seller will provide up-to-date date abstracts at their expense and will convey property by Warranty Deed.

2021 Taxes to be paid by the SELLER. Subsequent taxes and or special assessments, if any, to be paid by buyer. Real Estate Taxes are subject to reassessment under new owner.

Closing Agent Fee will be shared equally between Buyer and Seller.

Please note the bidding will not close and property will not be sold until everyone has had the opportunity to make his or her highest and best bid.

The auction sale is for registered bidders and their guests.  All bidding is open to the public and the property is offered for sale to qualified purchasers without regard to sex, race, color, religion, natural origin, or handicap. 

THE PROPERTY WILL BE SOLD AS IS WITH NO WARRANTIES EXPRESSED OR IMPLIED.

THE PROPERTY WILL BE SOLD SUBJECT TO OWNER CONFIRMATION.

PROPERTY SOLD WITHOUT WARRANTY
All dimensions and descriptions are approximations only based upon the best information available and are subject to possible variation.  Sketches may not be drawn to scale and photographs may not depict the current condition of the property. Bidders should inspect the property and review all the pertinent documents and information available, as each bidder is responsible for evaluation of the property and shall not rely upon the Seller, Broker or Auctioneer, their Employees or Agents. The property will be sold AS IS and without any warranties or representations, express or implied.

SUCCESSFUL BIDDER
The successful bidder of the property shall be determined by competitive bidding. Should any dispute arise between bidders, the auctioneer shall have the right to make the final decision to either determine the successful bidder or to re-offer the property that is in dispute.  The auction will be recorded and the auctioneer’s records shall be conclusive in all respects.

CLOSING
The successful bidder will be required, at  the close of the auction, to complete the Earnest Money Receipt and Purchase Agreement.  A sample contract is included in this Prospectus.  Balance of the purchase price must be paid in full at closing. Closing will take place at a professional closing company mutually agreeable to both Buyer & Seller.

SELLER’S PERFORMANCE
The Seller has agreed to the terms of the sale as published.  However, the Broker and Auctioneer make no warranties or guarantees as to the Seller’s performance.

AGENCY DISCLOSURE
Steffes Group, Inc. is representing the Seller.

POSSESSION
Possession will be at closing unless otherwise agreed to in writing and agreeable by buyer and seller.

MINERAL RIGHTS
All mineral rights, if any, held by Seller will be transferred upon closing. However, the Seller does not warrant the amount or adequacy of the mineral rights.

ENVIRONMENTAL DISCLAIMER
The Seller, Broker and Auctioneers do not warrant with respect to the existence or nonexistence of any pollutants, contaminants or hazardous waste prohibited by federal, state or local law.  Buyer is responsible for inspection of the property prior to purchase for conditions including but not limited to water quality, and environmental conditions that may affect the usability or value of the property.  No warranties are made as to the existence or nonexistence of water wells on the property, or the condition of any wells.

EASEMENTS AND SURVEY
The property to be sold is subject to any restrictive covenants or easements of record and any results that an accurate survey may show.  

BIDDING PROCEDURE
As a buyer you have two objectives to accomplish:

Purchasing the property.

Purchasing the property at a price you can afford.

How is this accomplished?

Estimate comparative value.

Experienced buyers always decide what to pay before the bidding begins.

Inspect the property carefully. 

Compare with other properties available in the area. 

Check the selling price of previously sold properties.

Discuss your buying plans with a lender.  Have your financing arrangements made in advance.  

This sale is not subject to financing.

AVOID OVER OR UNDER BIDDING

Always bid on a property toward a price.  

Establish that price before the bidding begins.  By doing this you will avoid getting caught up in the auction excitement and pay a price that is too high for the market or one that you cannot afford.  It will also make you confident to bid to your established fair market value.  Many bidders who do not plan ahead end up with regrets after the auction because they were too nervous or uncertain about their judgment to bid.

THE BIDDING STRATEGY

Research and know the value of the property.

Have your financing arranged before the auction.

Establish your highest and best bid before the bidding begins.

Make your bids promptly to force other bidders up or out without delay.

1031 Exchange
Buyer is aware that seller intends to perform an IRC Section 1031 tax-deferred exchange. Seller requests buyer’s cooperation in such an exchange and agrees to hold buyer harmless from any and all claims, costs, liabilities, or delays in time resulting from such an exchange. Seller agrees to an assignment of this purchase and sale agreement to a qualified intermediary by the buyer. 

CASS COUNTY, ND LAND AUCTION
417+ ACRES

Land Located:from Gardner, south 2 miles on 167^th Ave. SE/Hwy. 81

AUCTIONEER’S NOTE: Investors, farmers, and 1031 exchangers take note of this wonderful opportunity to purchase a large contiguous tract of productive Red River Valley farmland located close to the FM Metro! This land is available to farm for the 2022 season and features good access and one soil type with a productivity index of 84! Join us in person on the 29^th of December at our arena in West Fargo or bid online from the comfort of your home or office!

WEDNESDAY, DECEMBER 29, 2021 AT 10:00AM

Auction to be held at Steffes Group Facility, 2000 Main Ave. E, West Fargo

Description: All of Section 13-142-50 lying east of ND State Hwy. 81 consisting of 416.57+ acres

Total Acres: 416.57+

Cropland Acres: 418.25+

PID #’s: 40-0000-05453-000, 40-0000-05456-000, & 40-0000-05454-000

Soil Productivity Index: 84

Soils: Fargo-Hegne silty clays (100%)

Taxes (2021): $6,040.87

TERMS: Ten percent down upon signing purchase agreement with balance due at closing in 45 days.

For a detailed Buyer’s Prospectus with complete terms and conditions contact Max Steffes at Steffes Group, 701.237.9173 or 701.212.2849

Jim & Carol Peterson, Owners