150 Acres M/L Highly Productive Farmland

Floyd Auction & Real Estate LLC

 

Date(s) 9/20/2024 - 10/19/2024

ONLINE BIDDING OPENS Friday, September 20, 2024 5:00 P.M. CST LIVE/SIMULCAST Saturday, October 19, 2024 10:00 A.M. CST

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Bidding Notice:

Registration deadline for online bidding is Friday, September 20, 2024 at 5:00 P.M. CST In order to be approved to bid online you must provide our office with a verification of funds or a letter of credit approval by a credible lender. This can be sent to floydsells@live.com or mailed to our office at 309 N. Main Kingman, KS 67068. Please call our office with any questions. 620-532-1887

Auction Information
Name 150 Acres M/L Highly Productive Farmland
Auctioneer
Type Live Webcast Auction
Date(s) 9/20/2024 - 10/19/2024
Auction Date/Time Info
ONLINE BIDDING OPENS Friday, September 20, 2024 5:00 P.M. CST LIVE/SIMULCAST Saturday, October 19, 2024 10:00 A.M. CST
Preview Date/Time Friday, September 20, 2024 5:00 P.M. CST-Saturday, October, 19, 2024 10:00 A.M. CST
Checkout Date/Time Saturday, October 19, 2024 11:00 A.M. CST
Location
Buyer Premium 2% Buyer's Premium
Description
Selling: The Northwest Quarter (NW/4) of Section Nineteen (19), Township Twenty-eight (28) South, Range Five (5) West of the 6th P.M., Kingman County, Kansas. Cropland investors take note! This highly productive 150 +/- acre tract is situated in a farming-rich area of Southeastern Kingman County.   Located near county black top and the small town of Murdock, KS,  makes this property easily accessible just ¾ of a mile off pavement.  The Buyer will receive possession of the property following the 2025 wheat harvest and will receive the Sellers share of the wheat crop.  If you’re looking to diversify your acreage holdings, take a look at this one. Sells subject to a mineral reservation ending on April 6, 2044. When said mineral reservation ends, all of Seller’s mineral interest and production will revert to the surface owner of record.
Terms: Selling as 150 Acres M/L x the final bid to establish the purchase price. The successful bidder will be required to sign a purchase contract and deposit 10% down day of sale with Security 1st Title Co. with the balance due the day of closing.  Closing shall be held on or before November 19, 2024.  Possession shall be following the 2025 harvest. Property taxes shall be prorated to the date of closing. Title insurance and escrow closing costs, with Security 1st Title, shall be shared 50% Buyer and 50% Seller. Property sells AS-IS in its current condition with no warranties, either expressed or implied.  This property sells subject to Seller confirmation. Sells Non Contingent on financing. Subject to current tenant’s rights. The Buyer will receive possession of the property following the 2025 wheat harvest and will receive the Sellers share of the wheat crop. Seller believes it owns 100% of the minerals. Sells subject to a mineral reservation ending on April 6, 2044. When said mineral reservation ends, all of Seller’s mineral interest and production will revert to the surface owner of record. Sells subject to any easements, leases and right of ways of record. It is the Buyer’s responsibility to have all inspections completed prior to auction day. Floyd Auction and Real Estate LLC will make the property available at reasonable times to accommodate any inspections. Buyer has had the opportunity to do his due diligence regarding FSA records. Buyer has received all information and is bidding accordingly. Floyd Auction and Real Estate LLC and its Agents/Auctioneers are acting as Agents of the Seller.  Any announcements made the day of sale will take precedence over printed materials. ***2023 Taxes: $216.72 ****Simulcast Online Bidding Terms**** **Internet Bidders will be required to provide a verification of funds or letter of credit by a reputable lender with contact information at the time of registration. ** If the property is purchased ONLINE, the Buyer acknowledges there will be a 2% Buyers Premium added to the contract price. (There is NO Buyers Premium for on-site Buyers.) Registration deadline is Friday Oct. 11, 2024 at 5:00 P.M. CST To register visit www.floydsells.com and click on the link in the Auctions tab or scan the QR code.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 95.00 5.00 USD
95.01 - 975.00 25.00 USD
975.01 - 9,750.00 250.00 USD
9,750.01 - 97,500.00 2,500.00 USD
97,500.01 - 9,999,999.99 10,000.00 USD
Currency USD
Buyer Premium 2% Buyer's Premium
Payment Terms
U.S. Dollars Payment must be in certified U.S. Dollars.