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Land Auction 40.77 Acres live auction with online bidding
Listing ID#: 635662
| Sale Location |
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Hord, IL 62858 |
| Sale Dates and Times |
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Wednesday Oct 25, 2023 Completed |
| Sale Type |
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  Live with 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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| Listing Terms and Conditions |
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TERMS & CONDITIONS: Land offered by the acre. Real Estate is sold "As Is". 10% down the day after the sale remainder due at closing in 60 days. (We believe we can close earlier than that)The property will be sold in a manner resulting in the highest sale price subject to seller conformation. All markers on maps are simply to be used as guidelines. The successful bidders will be required to enter into a purchase agreement at the auction site following the close of the auction. It is the potential bidder's responsibility to conduct his or her own independent inspection inquiries & due diligence concerning the property. The information contained herein is believed to be accurate but is subject to verification by all parties relying on it. Announcements day of sale take precedence over printed material. Schmid Auction is not responsible for accidents.
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Joan Traub Estate (From Charleston, IL) Land Auction 40.77 + or – Acres
Clay County, IL. Live Auction w/internet bidding available
Auction Site: American Legion Louisville, IL
Wed, Oct 25th 1:00PM
40.77 + or – Acres, 39.34 + or – tillable acres located in Sec 2 Blair Township, Clay County, IL. Bidding by the acre. The Soil Productivity Index is 114.91 using the University of Illinois Soil Book. Farming rights granted after at closing and after the current crop is removed.
Attorney: Aaron K. Leonard
Taylor Law Offices PC
122 East Washington Avenue
P.O. Box 668
Effingham, IL 62401
Executor: Jeff Traub
Land is subject to the first right of refusal. 100% of the down payment will be returned if this right is executed. The sellers will work diligently to get an answer for the first right of refusal immediately following the auction. Please call Trent Schmid to ask any questions on the first right of refusal.
Please be advised that the subject property is encumbered by a right of first refusal which has a 30-day notification period. Therefore, any accepted bid is subject thereto and in the event the holder of the right of first refusal intends to exercise said right, the contract between the owner and the winning bidder shall terminate and any earnest money shall be returned to the winning bidder within 10 days of notification.
Seller and Buyer acknowledge the existence of a right of first refusal held by an adjoining landowner. Therefore, upon full execution of this Agreement, Seller shall notify the holder of the right of first refusal of the contract and the material terms thereof. The holder of said right shall have 30 days to consider the same. In the event the holder of the right of first refusal elects to exercise their right, this contract shall terminate, and Seller shall return Buyer’s earnest money within 10 days thereof.
The executor will work diligently to get an answer on the first right earlier than we are guaranteeing. Please call the auction company with any questions.
TERMS & CONDITIONS: Land offered by the acre. Real Estate is sold "As Is". 10% down the day after the sale remainder due at closing in 60 days. (We believe we can close earlier than that)The property will be sold in a manner resulting in the highest sale price subject to seller conformation. All markers on maps are simply to be used as guidelines. The successful bidders will be required to enter into a purchase agreement at the auction site following the close of the auction. It is the potential bidder's responsibility to conduct his or her own independent inspection inquiries & due diligence concerning the property. The information contained herein is believed to be accurate but is subject to verification by all parties relying on it. Announcements day of sale take precedence over printed material. Schmid Auction is not responsible for accidents.
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