Auction Terms and Conditions
19701 State Route 47 Maplewood, Ohio 45340
230 Acres offered in 4 Parcel’s
Real property is located in Shelby County Ohio, Salem Township. Shelby County Parcel #’s 44-19-02-200-001, 44-19-02-200-002, 44-19-02-200-003, 44-19-02-100-003 to contain a total of 230 acres MOL with all improvements.
AUCTION PROCEDURE: First Round of On-Line bidding for Individual Tracts will open Monday September 23rd. 9:00 a.m. Second Round Combination Bidding will Open Tuesday September 24th. 2:00 P.M. with Auction Soft Close Wednesday September 25th. 2:00 P.M. Auction will remain Open and Active until all bidding has remained silent for 10 minutes. Should you require bidding assistance please contact the office at 937-492-1078 during normal business hours.
BUYER’S PREMIUM: A 4% buyer’s premium will be charged. This buyer’s premium will be added to the final high bid to determine contract price.
DEPOSIT: $ 20,000.00 per Tract shall be required within 24 hours of the close of the auction as good faith earnest money. Payment shall be in the form of a Cashiers check. This deposit shall be made payable to Lawyers Title Agency Sidney, Ohio and will be held in Escrow until successful closing at which time it will be returned to the buyer.
ACCEPTANCE OF BID PRICES: The successful bidder will be required to enter into a NON CONTINGENT MEMORANDUM OF AUCTION SALE AGREEMENT with the sellers within 24hrs after close of the auction. This shall take place at Vondenhuevel Auctioneers LLC 135 South Wilkinson Ave. Sidney, Ohio 45365. Your bidding is considered to be a binding contract.
TITLE: At closing the sellers shall convey title to the property in the form of a General Warranty deed.
CLOSING: The full purchase price including buyer’s premium is due at closing which shall take place no later than 45 days following the conclusion of the auction. This closing shall take place at Lawyers Title Agency Courtview Center Sidney, Ohio
POSSESSION: Possession to the property shall be granted upon removal of current years crop subject to current farm tenants rights to be no later than December 31st. 2019. All fixtures, personal property, as well as any and all debris remaining in the building(s) at the time of possession shall become the property and responsibility of the purchaser. Neither present owners nor auctioneers assume any responsibility for any remaining items located in or on the premises.
REAL ESTATE TAXES/CONVEYANCE AND DEED STAMPS: Real estate taxes and assessments shall be pro-rated to the day of closing. Buyer shall pay all applicable conveyance fees and deed stamps as required for transfer. Any CAUV recoupment do to change of use shall be the responsibility of the buyer.
SALE CONTINGENCIES: This property is being sold subject to No Contingencies of any type including financing.
DISCLAIMER AND ABSENCE OF WARRANTIES: The property and all fixtures are being sold on an AS-IS WHERE IS BASIS, with no warranty or representation, either expressed or implied, concerning the property by the Seller’s or Auction Company. Buyers are responsible to perform due diligence and have those results satisfactory to their expectations before bidding.
Justin Vondenhuevel CAI Auctioneer/REALTOR
Vondenhuevel Auctioneers LLC
Gay Smith and Associates Realty
937-538-6231
