120 Acre Botkins Farm
Farm will be offered in 3 Tracts and in Combination ***Note Tracts 2 and 3 are Swing tracts***
This will be an On-Line Only Event
Bidding Ends Tuesday, March 15th. At 2 PM
Subject To "Multi Parcel" Bidding System
0 State Route 274.
Botkins, Shelby County, Ohio 45306
This Property is being offered via an Online Only Auction Event. Property will be offered as individual tracts or any combination. *** Note Tracts 2 and 3 are swing tracts that per Shelby County Engineer can only be offered in combination with Tract 1 or adjoining property owners. Bidding platform will open ___March 14th.___ 9:00 A.M. and end _March 15th._ at 2:00 P.M. register and place your bids at www.VASBID.com
AUCTION PROCEDURE: The above real estate will be sold to the highest bidder(s) subject to owner confirmation using the multi parcel auction method with a soft close. If a bid is placed within 10 minutes of the auction close, bidding will automatically be extended an additional 10 minutes and the last bidder will be notified via e-mail that they have been outbid. Bidding will remain open until all bids have remained silent for 10 minutes. Our system also offers a Max Bid or proxy bidding feature in which a bidder may enter their maximum bid and the computer will bid on their behalf in designated increments.
BUYER’S PREMIUM: A 5% buyer’s premium will be charged. This buyer’s premium will be added to the final high bid to determine contract price.
NOTIFICATION OF ACCEPTANCE OF OFFER: The successful bidder(s) will be notified via phone within 2 hours of the auction close if their bid has been accepted. The successful bidder(s) will be required to enter into a NON CONTINGENT MEMORANDUM OF AUCTION SALE AGREEMENT with the sellers via electronic document (See Sample in the documents section of the site). Your bidding is considered to be a binding contract.
DEPOSIT: $ 10,000.00 shall be required within 24 hours of the auction close as good faith earnest money for each offered parcel. If one bidder purchases all parcels deposit shall be $ 30,000.00 This deposit shall be made payable to Lawyers Title Agency and will be held in Escrow until closing at which time it will be returned to the buyer. If the buyer fails to perform per these terms the deposit will be forfeited and paid to seller.
TITLE: At closing the seller shall convey marketable title to the property free and clear of all liens and encumbrances in the form of a general warranty deed. If the seller’s title is found to be defective the seller shall have the right to remedy the defect within 60 days. If this cannot be done, then, at the option of the buyer, the deposit shall be returned and the auction sale terminated.
CLOSING: The full contract purchase price is due at closing which shall take place no later than May 1st. 2022. Closing shall be held at Lawyers Title Agency Sidney, Ohio.
POSSESSION: Seller shall deliver possession to the property(s) at closing with the exception.
REAL ESTATE TAXES, UTILITIES: Real estate taxes and assessments shall be pro-rated to the day of closing. Any CAUV recoupment due to change in use shall be the responsibility of the buyer(s).
SALE CONTINGENCIES: Your agreement to purchase this property is subject to no contingencies of any type including financing.
AGENCY: Justin Vondenhuevel CAI as auctioneer and Gay Smith and Associates Realty are exclusive agents of the seller.
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 sellers, Broker or auction Company. Buyers are responsible to perform all of their own inspections and have those results satisfactory to their expectations before bidding.
Justin Vondenhuevel Auctioneer/ REALTOR
Gay Smith/Associates Realty Sidney, Ohio
ANY ANNOUNCEMENTS POSTED TO WEBSITE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS